TRON Price Starts Declining When a Double Top Chart Pattern Appear

Sellers’ momentum increase

TRON Price Analysis – 15 October

The price of TRON may be poised to surpass the $0.33 and $0.36 barriers if the buying fever persists above $0.31. The price may approach the $0.29 and $0.27 scripts if it remains below $0.30.

Key Levels:

Resistance levels: $0.31, $0.33, $0.36

Support levels: $0.30, $0.29, $0.27

TRX/USD Long-term Trend: Bearish

Not too long ago, the TRON chart began to decline. On March 16, the coin’s value dropped to $0.30. The buyers committed to paying the agreed-upon amount. The merchandisers are always at work in the mornings. As previously disclosed, TRON’s price began to rise after it was unable to overcome the $0.30 barrier. Over the past month, dealing pressure has increased significantly and tested the $0.36 mark. The price starts to drop when a double top chart pattern appears.

The bulls lost momentum at the resistance level of $0.36. When the price of TRON falls below the Hull Suite forex signals indicator, a profit is lost. Because it is below zero, the QQE MOD Crypto signaling indicator displays a negative trend. The price of TRON may be poised to surpass the $0.33 and $0.36 barriers if the buying fever persists above $0.31. The price may approach the $0.29 and $0.27 scripts if it remains below $0.30.

TRX/USD Medium-term Trend: Bearish

Over the first four hours, the TRON picture gets worse. TRON is currently trading below $0.31 and is on a reassuring downward trend. Merchants may be able to hold onto the previously recommended position if the price breaks over the previous barrier and starts to decline from the $0.34 level. It can decrease and get closer to the previous support sites after more than twenty-four hours. Bears can push the cryptocurrency lower as soon as it closes below $0.31.

Right now, the Hull Suite is worth more than TRON. Additionally, when the QQE MOD falls below the zero limit, the color red indicates a sell.

Start using a world-class auto trading solution

You can purchase crypto coins here: Buy LBLOCK