TRON TRX/USD completes the trading week near the area of 0.0235. Cryptocurrency is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates the presence of an upward trend in TRON. In the current trading week, a test of the upper limit of the Ichimoku Kinko Hyo Cloud is expected near 0.0220, from which one should expect an attempt to rebound and continue the development of the upward trend with the goal above the level of 0.0300.
TRON weekly forecast October 29 — November 2, 2018
An additional signal in favor of the growth of cryptocurrency will be the test of the lower boundary of the ascending channel, as well as the test of the support level. Previously, a weak signal was received for SELL the TRON cryptocurrencies, due to the crossing of signal lines at the level of 0.0250.
Cancellation of the growth option of the TRX/USD quotes will be the breakdown of the lower boundary of the indicator cloud and close below 0.0215, which will indicate a change in the upward trend in favor of the downward trend. Expect to accelerate the growth of quotations is with the breakdown of the resistance area and closing above the level of 0.0250.
TRON weekly forecast October 29 — November 2, 2018 suggests an attempt to develop a correction to 0.0235, expect a rebound and continue to fall in cryptocurrency with a potential target near 0.0220, a test of the resistance level will come out in favor, 0.0215, in this case we should expect continued growth of TRON.