|$TRX Price Change|
— BitlyFool.com (@bitlyfool) January 5, 2019
The Tron three day trend is up. On November 06 2018 $TRX peaked at .02510, fell heavily to .01107 through to November 25, spiked upwards for two days, then spent two weeks listlessly drifting lower to .01250 on December 14 2018.
Since then Tron has spent about a week climbing, about another week going sideways, and climbed for the last five days, with one red daily candle in those five – and four green daily candles.
[Trend is "up" when the three day price movement is predominantly upwards.]
Real Time Market Depth
[The real time market depth is a fractional representation of the order book, used to assist in determining market direction.]
Tap / click to zoom:
Moving Average Convergence Divergence (MACD)
The MACD on the two hour chart is strongly bullish. Most of the two hour sessions since January 01 2019 have been bullish.
Exponential Moving Averages (EMA)
The short term 2 hour EMA(7) has almost been rocketing above the medium and long term EMA. Only in the last 3 two hour sessions has the angle lessened somewhat. This is a strongly bullish divergence.
Relative Strength Index (RSI)
The Relative Strength Index on the one hour chart is 65.7. This is a neutral state.
The RSI is nearing overbought. It has been in the overbought state on January 4th at noon and again at 8pm on the one hour candle chart. Three of the last four one hour sessions are showing red candles. These are bearish indicators although technically the current one hour RSI is neutral.
Bitcoin $BTC Price Modifier
The 24 hour Bitcoin $BTC change is 0.64%. This may exert a neutral influence on Tron today.
Tron $TRX Price Outlook
- the Tron $TRX price outlook is neutral to bullish
- if the price finds acceptance at higher levels the major resistance prints at .02510 (November 06 2018)
- if the price finds acceptance at lower levels the major support prints at .01107 (November 24 2018)
The author does not hold Tron $TRX at the time of writing.
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