Tron (TRX) storming ahead with gains of over 7%, following BitTorrent and µTorrent update
- Tron holding chunky gains of over 7% in the session on Wednesday, one of the notable leaders.
- Bulls excited about the further users of TRX, with the latest update posted yesterday.
Tron is holding healthy gains in the early part of Wednesday’s session, a strong 7% in the green so far on the day. Following the story covered late evening on Tuesday https://www.fxstreet.com/cryptocurrencies/news/tron-trx-now-accepted-as-a-payment-method-on-bittorrent-and-utorrent-201811272047. Bulls encourages somewhat by the further use of TRX across the market.
TRX/USD at the close on Tuesday, the daily candle produced a bullish reversal doji candlestick. The price held up within a recent bottom area, this was seen ahead of the big 1 cent figure, buyers were heavily defending this region, as a breach could have been catastrophic.
Looking to the upside, the next likely target for the bulls will be the $0.016000-0.018000 price region. This zone previously acted as a strong area of demand. It had supported the price from August, right up until a breach at the back end of November.
Author
Ken Chigbo
Independent Analyst
Ken has over 8 years exposure to the financial markets. He started his career as an analyst, covering a variety of asset classes; forex, fixed income, commodities and equities.
