Technical Analysis:
- Tron is on its way up to our expected targets - See LINK for previous TA
- A Golden Crossover occurred on the 1 hour chart which signaled a good entry point at 830Satoshi if you were waiting for a breakout
- RSI is overbought right now but as long as it stays above 40 I expect it to remain bullish leading into the Mainnet Launch on May 31st
- The last time Tron made a run between April 25th-30th, it went against a market and bitcoin that was trending down
- Tron hit a high of 988 Satoshi on Sunday and has been consolidating between 950-960 since then
- Now sitting above the 55EMA and 200 EMA, Tron should have support and momentum needed to break the next 3 resistances
- Further support at 900 satoshi and 880 satoshi
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LEGAL DISCLAIMER:
I am not a financial advisor, nor is this intended to be financial advise. I encourage you to do your own research considering this blog is a way for me to document my own personal analysis, charts, trading decisions, and experiences. If you would like to learn more about trading, cryptocurrencies, and the resources I used to learn how to trade and invest, see my previous post - LINK.