Technical Analysis for TRXUSD for 27th October 2022
Tron Upsides Limited, TRX in Range above $0.060 Support
Past Performance of TRX
Tron Technical Analysis
Tron is bullish from volume analysis. This is a net positive for aggressive traders believing the coin is undervalued at spot rates. However, there has been no sharp price gain above $0.065, confirming gains of October 14. This forecast is especially true if TRX is above last week's lows at $0.060. As long as prices are above this support line, traders can buy on dips, targeting $0.065 with expectations of trend continuation. In that case, TRX, if buyers are in control, may soar to August highs at $0.072.
What to Expect from TRX
Buyers are in control, but there must be strong confirmations above immediate resistance lines for this forecast to be valid. The $0.060 support is crucial and validates the gains of October 14 that define the current price action.
Resistance level to watch: $0.065
Support level to watch: $0.060
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