1-hour:
The one-hour Tron charts show a downtrend with the prices dropping, indicating a bearish hold. The resistance is at $0.0235 while the cryptocurrency’s support has been maintained at $0.021.
The Bollinger bands show the bands diverging at the end of a bullish outbreak. The diverging mouth of the Bollinger cloud is indicative of a bullish run as it points at a volatile market.
The Chaikin Money Flow indicator has climbed above the axis, which is a sign of a bullish market. It also signifies the money flowing into the market due to a change in investor sentiments.
1-day:
The one-day Tron graph shows a downtrend with a support of $0.018.
The Relative Strength Index [RSI] is holding close to the oversold zone, which is a sign of the selling pressure being more than the buying pressure.
The MACD line and the signal line have both started dipping down after a crossover. The clear drop is a bearish sign.
Conclusion:
The indicators mentioned above point to a majoritarian run with the Bollinger bands and the CMF both taking the side of the bull. Only the MACD paints a bearish picture for Justin Sun’s Tron.
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