Home TRX/USD Technical Analysis: The TRON structure is looking slightly better than some of the other major cryptos and altcoins
Crypto News

TRX/USD Technical Analysis: The TRON structure is looking slightly better than some of the other major cryptos and altcoins

  • TRON is trading 2.62% lower on the session as general crypto sentiment remains weak.
  • The pair has a better and more robust structure than the rest of the other crypto pairs.

Daily TRX/USD Chart

TRX/USD is holding above the main support zone of 0.01744.  

While most of the other altcoins and major crypto pairs are breaking wave lows TRON is holding above the aforementioned level.

The other key consideration is the trendline connecting the two higher lows. It matches up closely to another support at 0.01589.

If the support levels hold we could see some decent upside potential here. Above the key resistance level is the 0.02000 mark.

TRON analysis

 

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.