been rallying in a breakout of a symmetrical triangle
At the time of writing, the crypto token TRX has traded at $0.1297 with an intraday rise of 0.35%. It has a trading volume of $261.93 Million, and its market capitalization stands at $11.34 Billion.
Its current price has been rallying in a breakout of a symmetrical triangle, having strong support from 50-day and 200-day EMA bands. The MACD shows a bullish cross probability, and RSI at 61.13, has taken a jump from 14-SMA.
The Tron has been primed for higher levels, as it is on the rise, and has shown good momentum after it broke out from the symmetrical triangle pattern. If it continues to rally, it could shatter the ceiling and could keep on flying higher and higher.
Therefore, based on the momentum, the resistances would be $0.1400, and $0.1500. Beyond these resistances the doors would open for higher levels towards $0.20. Meanwhile, it seems near mid-may resistance at $0.1300, and if it pushes downward, then bears could eye for $0.1150 and $0.1050.
Its current price has been rallying in a breakout of a symmetrical triangle, having strong support from 50-day and 200-day EMA bands. The MACD shows a bullish cross probability, and RSI at 61.13, has taken a jump from 14-SMA.
The Tron has been primed for higher levels, as it is on the rise, and has shown good momentum after it broke out from the symmetrical triangle pattern. If it continues to rally, it could shatter the ceiling and could keep on flying higher and higher.
Therefore, based on the momentum, the resistances would be $0.1400, and $0.1500. Beyond these resistances the doors would open for higher levels towards $0.20. Meanwhile, it seems near mid-may resistance at $0.1300, and if it pushes downward, then bears could eye for $0.1150 and $0.1050.
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