TRON TRX/USD is trading at the level of 0.068. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in TRON. Ichimoku Kinko Hyo Cloud is expected to test near the 0.070 level, from which it is expected to rebound and attempt to continue falling with the target close to 0.050.
TRON forecast & analysis TRX/USD May 16, 2018
An additional signal in favor of the fall of the crypto currency will be the test of the resistance area, as well as the upper border test of the channel. Earlier, a medium strength signal was received for sell of the TRON cryptocurrency, due to the intersection of the signal lines at the level of 0.084.
Canceling the variant of falling quotes TRON will be a breakdown of the upper boundary of the Cloud Ichimoku Kinko Hyo with the closing of quotes above the area 0.080, which indicates the change of the bearish trend in favor of the bullish trend. Expect the acceleration of falling quotes TRX/USD is with the breakdown of the support area and closing below the level of 0.065.