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Tron's latest analysis TRON Latest Price Analysis- Feb 8, 2019- Bittorrent Airdrop Effect On Tron's Price Fading? #1 Key Highlights * TRX/USD price surged 10+% and in downside correction.\u2028 * $0.02554 support level broken.\u2028 * TRX/USD closed below 200-4H Moving Average (MA) after breaking it.\u2028 * Tested Ichimoku cloud's resistance but couldn't sustain it above.\u2028 #2 TRON Latest Price Analysis – Hourly (4H) Chart TRX/USD Tron technical analysis today shows that it broke the short-term downtrend line(black) but couldn't sustain above it longer. Let's look at the insights of Tron price analysis 2019 on its Hourly (4H)-timeframe chart. TRX/USD moved 10%+ but it has been under downside correction for the past few days.It could be because of the Bittorrent airpdrop ,dated 11th February'2019, got over. It tried to challenge the 200-4H Moving Average(MA) recently but couldn't sustain over it longer.Other bearish signs could be seen is that it closed and traded below ichimoku's cloud after testing it recently. The short-term downtrend line (black), since 4th February ' 2019, needs to be broken in order to test the immediate resistance (red bar) around $0.026+. It has been testing the $0.026+ immediate resistance for the past two days. Tron's Elliott wave theory depicts that we are in the last wave of its complete cycle. Also the previous support around $0.2539-$0.2558 broke which might lead to support turned resistance(S/R flip). MACD is slightly turning bullish as well as Stoch-RSI is in oversold zone forming a bullish divergence which might cause the price jump in the coming days.But challenging S/R flip area along with immediate resistance(red bar) is necessary for Tron analysis meaning with bullish sentiments. #3 Conclusion Overall, TRON(TRX/USD) is under pressure after the BTT airdrop timeline got over and needs another catalyst to boost the price action in upward direction.
BINANCE:TRXUSD
by coinswitch-trading
TRON(TRX/BTC)Tron has been the best performer in the market recently and has seen surge(100%+) for the past 40 days with news of Bittorrent company.However it needs to cool off(drop) before continuing the bullish momentum. Bullish Case: It will undergo a healthy correction after the recent surge and needs to hold the 488-530 satoshi level before moving up.If it manages to hold the 488-530 satoshi level then we might see the surge till 750+ satoshi level.Second level of support will be around 415-448 satoshi level and it needs to hold in order to continue bullish sentiments. Bearish Case If the last level of support i.e. around 415-448 satoshi doesn't hold then we might see it dipping to below 300 satoshi level in the coming days and weeks.
by coinswitch-trading