Tron cryptocurrency can be expected to rise to the next resistance level 0.3335 (top of the minor impulse wave I from June).
- Tron broke daily Triangle
- Likely to rise to resistance level 0.3335
Tron cryptocurrency continues to rise after the earlier breakout of the resistance trendline of the daily Triangle June. The breakout of this daily Triangle accelerated the active minor impulse wave iii that belongs to the sharp C-wave from the start of June. The active C-wave is itself a part of the long-term ABC correction inside which Tron cryptocurrency has been moving for the last few months, as can be seen from the daily Tron chart below.
Given the strength of the active impulse wave C and the predominantly bullish sentiment seen across the crypto markets today, Tron cryptocurrency can be expected to rise to the next resistance level 0.3335 (top of the minor impulse wave I from June) intersecting with the 38.2% Fibonacci correction of the downward wave B from May.
The subject matter and the content of this article are solely the views of the author. FinanceFeeds does not bear any legal responsibility for the content of this article and they do not reflect the viewpoint of FinanceFeeds or its editorial staff.
The information does not constitute advice or a recommendation on any course of action and does not take into account your personal circumstances, financial situation, or individual needs. We strongly recommend you seek independent professional advice or conduct your own independent research before acting upon any information contained in this article.
Other Articles
