A Technical View on Tron (TRX)
About 5 days ago, I posted a chart on my Twitter Feed giving my view on the cryptocurrency Tron (TRX) from a technical point of view.
$TRX seems to be gearing up for some huge upmove!$TRXBTC $BTC #tron #bitcoin #cryptocurrency pic.twitter.com/5BQuY2ei4G
CryptoLala (@saleemlala) February 7, 2018
As you can see from the chart, Tron was in a falling wedge which it was trying to break.
I have always been a strong believer in the fundamentals of Tron which make it an attractive investment from a long-term perspective.
With regards to my first view on Tron, after the break, I have discovered that though it has broken out of the wedge for an upmove, it is being resisted by a previously broken upward trendline. As such, I feel that once we have a strong breakout over this trendline, we will have a big upmove in it's value towards the 2000 Sats region. One can still add this for the long-term around current prices making it a good risk-reward investment.
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