- TRX/USDT will be available as a tradable instrument on BitForex exchange on June 8.
- Tron price is forming a subtle falling wedge pattern, besides the resistance at $0.060 is preventing intraday gains.
Tron mainnet launch has opened the gateway for listing on various exchanges around the world. In this week, we have seen it being added as a tradable instrument on four different exchanges. The latest being BitForex exchange. As usual, the news was relayed by the founder Justin Sun to his followers on Twitter. The official announcement on Tron Medium said:
“Today, BitForex Exchange announced that it would launch TRX/USDT Trading pairs. Announcement of BitForex shows that it will support TRX deposit and withdraw since June 8, 2018 10:00 (UTC+8) and TRX trading since June 8, 2018 16:00 (UTC+8).”
BitForex is based in Singapore and it was launched in 2017. It offers its customers safe yet convenient cryptocurrency trading. BitForex uses its vast experience in the industry to pick the best assets for trading on its platform.
Tron price analysis
Tron price is forming a subtle falling wedge pattern, besides the resistance at $0.060 is preventing intraday gains. TRX/USD is trading at $0.059, but there is a bear momentum in the pipeline as observed on the chart. The gap between the 50 SMA and the 200 SMA on the 1-hour chart is narrowing, which also means that the buyers are battling to regain control. The descending trendline is a hurdle to upward movements. Similarly, it coincides with the 50 SMA to offer resistance towards $0.062. On the flipside, $0.58 will stop declines above the major support zone at $0.055.
TRX/USD 1-hour chart
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