TRX What's the next move
* We always provide both the bullish and bearish scenarios because the traders should be aware of what to expect in both cases.
Tron is trading now above the moving averages 20-day EMA and 50-day SMA which is a bullish sign. Also, a bullish crossover happened today from the moving averages which is another positive move.
However, Tron faces strong resistance from the critical level $ 0.0557, it has failed to penetrate this level since Fib. 10. When a solid resistance level is broken out, a sharp move usually happens, therefore, if the bulls succeed to push the Tron above this level a move to $0.076 is more likely to happen thereafter $0.10 level.
On the contrary, Tron will find strong support from the moving averages and from $0.04 level.
Please be noted that I'm just giving the possible higher or lower levels developing according to the chart patterns. It's my own analysis. You should conduct your own research when making a decision.