Markets Technical Analysis

Tron Aims to Break Out Above Resistance

By Valdrin Tahiri
Updated by Ryan Smith
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In Brief

  • TRX/BTC is following a descending resistance line.

  • TRX/USD has successfully completed a double bottom pattern.

  • A golden cross has taken place on the daily time-frame.

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The Tron (TRX) price has completed a short-term bullish pattern and is making its third attempt at breaking out above an important resistance area. Current Resistance The TRX price has been following a descending resistance line since February 24, currently trading only slightly below it. The price has been rejected four times by this line, until now. However, the latest movement
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Valdrin Tahiri

Valdrin is a cryptocurrency enthusiast and financial trader. After obtaining a masters degree in Financial Markets at the Barcelona Graduate School of Economics he began working at the Ministry of Economic Development in his native country of Kosovo. In 2019, he decided to focus full-time on cryptocurrencies and trading.

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