TRON TRX/USD is trading at the level of 0.036. The cryptocurrency is traded within the Ichimoku Kinko Hyo Cloud, which indicates the presence of a flat TRON trend. The Ichimoku Kinko Hyo Cloud lower limit test is expected near the 0.035 level, from which we should expect a rebound and an attempt to continue growth with the target close to 0.050.
TRON forecast & analysis TRX/USD April 7, 2018
An additional signal in favor of the growth of the cryptocurrency will be a test of the support level, as well as the formation of the depraved «Head and Shoulders» model. Earlier, a medium strength signal was obtained for buy TRON, due to the crossing of signal lines at 0.038.
Cancellation of the variant of growth of quotations TRON will be a breakdown of the lower boundary of the Cloud Ichimoku Kinko Hyo with the closing of quotations below the area of 0.033, which will indicate the change of the flat trend in favor of a bearish trend. Expect to accelerate the growth of quotations TRX/USD stands with the breakdown of the upper boundary of the Cloud Ichimoku Kinko Hyo and closing above 0.040.