TRX flashes sell sign in 4-hour chart, despite long-term bullish outlook

  • TRX/USD 3-day chart has formed the bullish golden cross pattern.
  • The 12-hour chart MACD has reversed from bearish to bullish.

Tron’s 3-day chart has had a bullish session after five straight red sessions. However, there is one more sign that shows that this isn’t a one-time occurrence.

TRX/USD 3-day chart

TRXUSD 12-hour chart

The SMA 50 has touched the SMA 200 and is about to completely cross over to chart the heavily bullish golden cross pattern. This means that more bullish growth is expected. However, how much is the upside potential? Let’s check out some smaller time frames.

TRX/USD 12-hour chart

TRXUSD 12-hour chart

TRX/USD has had a bullish breakout from the descending triangle formation. In the process, it seems to have broken above the SMA 20 curve. The MACD has shifted market momentum from bearish to bullish. Ideally speaking, the price will want to break above the $0.02945 resistance level to make the most out

Read More