hello, welcome to this TRX/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Tron (TRX) rose to a multi-week high on Thursday, on the back of reports claiming that the blockchain sees nearly 5 million daily transactions.
TRX/USD peaked at 0.08322 earlier in the day, which comes following a low of 0.08043 the day before.
As a result of today’s gains, tron has now risen to its highest point since July 30, when the price traded at a high of 0.08395.
it appears that bulls are attempting to reach a ceiling at 0.08600, however, a hurdle on the relative strength index (RSI) seems to be preventing this.
Price strength is currently tracking at 67.89, which is marginally below a ceiling at the 68.00 level.
In order for bulls to capture their price target, this aforementioned resistance point will need to be broken.
I have tried to bring the best possible outcome to this chart.
Hit the like button if you like it and share your charts in the comments section.
Thank you
CHART ANALYSIS:- Tron (TRX) rose to a multi-week high on Thursday, on the back of reports claiming that the blockchain sees nearly 5 million daily transactions.
TRX/USD peaked at 0.08322 earlier in the day, which comes following a low of 0.08043 the day before.
As a result of today’s gains, tron has now risen to its highest point since July 30, when the price traded at a high of 0.08395.
it appears that bulls are attempting to reach a ceiling at 0.08600, however, a hurdle on the relative strength index (RSI) seems to be preventing this.
Price strength is currently tracking at 67.89, which is marginally below a ceiling at the 68.00 level.
In order for bulls to capture their price target, this aforementioned resistance point will need to be broken.
I have tried to bring the best possible outcome to this chart.
Hit the like button if you like it and share your charts in the comments section.
Thank you
