Hello my dear friends,i admit that i'm late in giving you all crypto updates.
In this Post i'll tell you everything about tron ,it's Technical analysis & price prediction.
ALL COINS ARE PUMPING EXCEPT TRON,WHY?
We all are familiar that for Tron to go moonshot,the price of BTC matters & we saw some good jump in Crypto market since last week but then Why Tron didn't pump?
The reason is that after forming a Double Top Tron has fallen dreadfully & in the chart below you can see that it's forming a falling wedge ,which is almost complete and ready for a Breakout.
WILL TRON RISE & SHOULD WE BUY IT OR NOT?
YES of course Tron will rise but you should wait few more days till it completes the falling wedge and then BOOM, Tron will jump from there.
The good news is that Tron has an upcoming event in the end of July 2018, and many have speculated that they are working on a secret project or partnership that hasn't been yet confirmed by the Tron members.
Technically & Fundamentally ,everything is in favour of Tron & we don't have any negative news or FUD against it.
By watching the chart above , we can make out the following outputs-
RSI seems bullish as it is in Oversold zone
Stoch RSI is forming a Bullish Divergence
We have good Fibonacci support as well as horizontal support
The falling wedge is almost complete and this indicates that after completion it'll cause a Breakout.
(A breakout is when price moves outside of a defined boundary)
Price prediction - Tron should cross 700 satoshi in this upcoming bull run and by the end of 2018 it'll definitely cross 0.10 cents or even more.
That's all about tron but keep in mind that if BTC fails to perform well then Tron may break the Triangle(as in the chart) to downwards direction & move towards bearish zone.
Note- Crypto market is volatile and anything can happen ,even technical analysis gets failed sometimes.So always put stop loss in your trades.