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TRON Price Analysis: TRX/USD rejected a key trendline

  • TRON is trading 2% higher on Tuesday on a good day for the crypto market.
  • The price rejected off a key trendline area and now has pushed higher.
TRON Price Analysis: TRX/USD rejected a key trendline
Rajan Dhall, MSTARajan Dhall, MSTAFX Daily

TRX/USD 4-Hour Chart

TRON has pulled back in recent session and now we will find out if it was just a retracement or something more serious.

The price had been on a great run of late and reached a peak of 0.02680.

Now the price has pulled back it rejected a trendline on the 4-Hour chart.

More importantly, the 0.0200 psychological level remains intact.

If the bulls are to regain control of this market then a break of 0.02377 would be a great sign.

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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