Moving Charts: TRX Value Per Coin Analysis | 10% To @tron-fan-club

Hello and welcome to everyone at the Tron fan club. Today we take a look at TRX and its price movements. Very recently the market has been relatively stable and is actually gaining some pace. Trx has been following the mass trend and the result is reflected in the chart. And as usual, we start from a week ago.

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With the bloody start, TRX was expected to down at the start of the week. However, TRX soon stood on its feet and gained momentum to upwards. Starting from 0.077$ per coin a week ago, it is currently trading at 0.079$ per coin, which is 2.2% increase over a week.

After TRX broke through the resistance cloud, which was a very strong resistance, it started to head upwards. There was a retest of this level in the middle of the week. The retest was very much successful and so the price increased again.

This bearish trendline (shown above) became a important resistance level for TRX. TRX followed this trendline throughout the week. However, when it broke out, the volume was not enough. The support level is strong and TRX may bounce from that line for another time.

As it seems, TRX is at a supporting bullish trendline. TRX need to bounce from here, or it may lose it. There would a sharp fall if it did so.

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All Screenshots are taken from Binance

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My prediction is that we head downwards and test the support level again. And then we may bounce a bit and then might break that resistance.

No words from this article should be taken as financial advice.

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