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May 25, 2019
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TRON: Price Analysis, Nov. 9

TRX/USD

TRON has been trading inside the $0.02815521–$0.0183 range since Aug. 8. Between Aug. 8 and Oct. 15, the price rose to the top of the range thrice and fell to the bottom of the range on two occasions.




TRX/USD




However, since then, the TRX/USD pair has largely been gravitating close to the midpoint of the range. Any deviation from the center gets pulled back quickly.

A new trend will form either on a breakout or a breakdown from the range. A rally and close (UTC time frame) above $0.02815521 can result in a move to $0.04158193. Below $0.0183, the downtrend will resume.

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