TRON TRX/USD is trading at 0.0248 and continues to move as part of the correction. Cryptocurrency is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates the presence of a bullish trend in TRON. As part of the TRON forecast & analysis TRX/USD October 19, 2018, the upper border of the Ichimoku Kinko Hyo Cloud is expected to test near the level of 0.0245, from where it is necessary to expect a rebound and an attempt to continue the growth of TRON cryptocurrency with a target near the level of 0.0290.
TRON forecast & analysis TRX/USD October 19, 2018
An additional signal in favor of the growth of cryptocurrency will be the test of the support area, as well as a rebound from the lower border of the «Triangle» model. Earlier, a weak signal was received for sell of TRON, due to the crossing of signal lines at the level of 0.0256.
The cancellation of the growth option of TRON quotes will be a breakdown of the lower border of the Ichimoku Kinko Hyo Cloud with the closing of quotes below 0.0225, indicating a change in the upward trend in favor of the downward trend and the continuation of the fall of cryptocurrency. TRX/USD is expected to accelerate the growth of quotes with the breakdown of the upper limit of the «Triangle» model and closing above 0.0265.
TRON forecast & analysis TRX/USD October 19, 2018 involves an attempt to correct cryptocurrency and test level 0.0245, from which we can expect continued growth of the TRON rate with a potential target near 0.0290 level, the breakdown of the growth option will be a breakdown of the 0.0225 area, which will indicate continued decline.