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TRON Price Analysis: TRX/USD breaks chart pattern

  • TRX/USD trades 0.61% lower but pushed up during the US session.
  • There has been a chart pattern break to the upside.
TRON Price Analysis: TRX/USD breaks chart pattern
Rajan Dhall, MSTARajan Dhall, MSTAFX Daily

TRX/USD 1-Hour Chart

The hourly chart pattern below shows that TRX/USD has broken to the upside.

If the pattern holds then we could see another test of the 0.02377 high.

The market found support earlier at 0.2098 so this support could be significant in the future.

If it breaks to the downside, then the maker will be in a series of lower highs and lower lows.

Right now traders will be looking at a pattern retest and then another move to the upside.

TRON analysis

Author

Rajan Dhall, MSTA

Rajan Dhall is an experienced market analyst, who has been trading professionally since 2007 managing various funds producing exceptional returns.

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