TRON price is trading inside an ascending wedge pattern on the 4-hour chart. The digital asset faces only one crucial resistance level before a breakout to new yearly highs. A key indicator has presented a sell signal, which puts the bullish outlook at risk. TRON has managed to establish a strong 4-hour uptrend since April 7 and faces practically no resistance ahead. However, the TD Sequential indicator has presented a sell signal in the past 12 hours that could shift the odds in favor of the bulls. TRON price needs to crack only one resistance level for a 16% breakout On the 4-hour chart, TRX has formed an ascending wedge pattern that can be drawn by connecting the higher highs and higher lows with two trend lines that converge. TRX/USD 4-hour chart The digital asset needs to climb above $0.136 for a significant 16% breakout calculated by measuring the height between the beginning of the top trend line and the bottom one. Although the price target is $0.16, TRON could briefly stop at $0.149, the 2021-high. TRX/USD 12-hour chart However, on the 12-hour chart, the TD Sequential indicator has just presented a sell signal in the form of a green ‘9’ candlestick. If the bulls cannot push TRX above $0.136, the signal will be confirmed. The nearest bearish price target for TRON is the 12 EMA at $0.123 followed by the 26 EMA at $0.112. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next EUR/USD: Sell the rumor, buy the fact? Why US CPI may trigger a euro rally Yohay Elam 1 year TRON price is trading inside an ascending wedge pattern on the 4-hour chart. The digital asset faces only one crucial resistance level before a breakout to new yearly highs. A key indicator has presented a sell signal, which puts the bullish outlook at risk. TRON has managed to establish a strong 4-hour uptrend since April 7 and faces practically no resistance ahead. However, the TD Sequential indicator has presented a sell signal in the past 12 hours that could shift the odds in favor of the bulls. TRON price needs to crack only one resistance level for a 16% breakout… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.