TRON (TRX)

TRON Price Prediction Today: Daily (TRX) Value Forecast – June 17

Azeez Mustapha
June 17, 2019

On the upside, if the bulls sustain the price above the EMAs the crypto’s price will rise to retest the $0.040 overhead resistance level.
On June 3, the bulls were resisted and the downward correction was made at the support of $0.03000 price level .

TRX /USD Medium-term Trend: Ranging

Resistance Levels: $0.0340, $0.0360, $0.0380
Support Levels: $0.0300, $0.0280, $0.0260

Last week the price of TRON was in a sideways trend. In the previous week, the crypto had a downward correction from the $0.040 overhead resistance level. On June 3, the bulls were resisted and the downward correction was made at the support of $0.03000 price level on June 9. The crypto’s price is below the 12-day EMA and the 26-day EMA after the downward correction. The bulls have broken above the moving averages which are a positive step for the price of TRON.

On the upside, if the bulls sustain the price above the EMAs the crypto’s price will rise to retest the $0.040 overhead resistance level. On the other hand, if the price is not sustained the crypto’s price is likely to fall to the bearish trend zone. Meanwhile, the price of TRON is in the oversold region of the daily stochastic but above the 20% range. This indicates that price is in a bullish momentum and buy signal.

TRX/USD Short-term Trend: Ranging

On the 1-hour chart, the price of TRON is in a sideways trend zone. The 12-day EMA and 26-day EMA are sloping horizontally indicating that price is in a range bound move. The crypto’s price is fluctuating above the EMAs which indicates that price may likely rise.

On June 16, the bulls tested the $0.03400 price level and were resisted. The price fell below the EMAs but the bulls pulled back price above the EMAs. Meanwhile, the price of TRON is in the overbought region of the daily stochastic but above the 60% range. This indicates that price is in a bullish momentum and buy signal.

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

Azeez Mustapha

Azeez began his FinTech career path in 2008 after growing interest and intrigue about market wizards and how they managed to become victorious on the battlefield of the financial world. After a decade of learning, reading and training the ins and outs of the industry, he’s now a sought after trading professional, technical/currency analyst and funds manager - as well as an author.