TRON TRX/USD is trading at the level of 0.069. The cryptocurrency is traded within the Ichimoku Kinko Hyo Cloud, which indicates the presence of a flat trend in TRON. The Ichimoku Kinko Hyo Cloud upper limit test is expected 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 18, 2018
An additional signal in favor of the fall of the cryptocurrency will be the resistance area test, as well as the upper bound of the «Triangle» model. Earlier, a strong signal was received for sell of TRON cryptocurrency, due to the crossing of signal lines at 0.068.
Cancellation of the variant of falling quotes TRON will be a breakdown of the upper boundary of the Cloud Ichimoku Kinko Hyo with the closing of quotations above the area of 0.076, which will indicate a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall of quotations TRX/USD stands with the breakdown of the lower limit of the model «Triangle» and closing below 0.060.