📈 Daily TA: TRON (TRX/USD)

Hello, dear members of LeoFinance!

Today I want to outline one very interesting technical pattern in the price chart of TRON that is very similar to the technical pattern I outlined yesterday in the price chart of XRP.

In the daily chart (1D), TRX/USD has formed something similar to Inverted Head and Shoulders - a typical trend reversal technical pattern: As can be seen from the chart, a breakout already took place and the price chart has left the neckline (resistance) behind. Definitely, this is a bullish signal.

To be continued ...

As of the time of writing, one TRON costs $0,1450 on the Binance crypto exchange, according to TradingView.

A few words about me:

Just to let you know: I've been working professionally as a currency analyst for the last almost 15 years and as a cryptocurrency analyst for the last almost 4 years.

Important!

Keep in mind, that thoughts expressed here are my own, and they should not be regarded as recommendations for any cryptocurrency/commodity trades, investments and etc.

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📈 Daily TA: TRON (TRX/USD) | 05-04-2021