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TRX/USD (Tron): Technical Analysis for May 7, 2018

TRX/USD (Tron)

It’s a hallmark for Tron. Statistics shows that the Tron Network now has more than 1 million users and as the countdown to mainnet launch continues, you should be massing more coins in my view. Well, Tron is a long time buy especially if it lives up to its expectations.

As such, our previous trade recommendation still holds true now that we have that cool double bar reversal pattern forming right at 8 cents, our immediate support line. However, if Tron sellers increase their ramp and drive prices below our support line then trade with the trend. In that case, selling with targets at 6.5 cents and later 5 cents would be ideal.


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