Tron cryptocurrency can be expected to rise further toward the next resistance level 0.3250 (former support from September and October).
- Tron reversed from strong support level 0.3085
- Likely to rise to resistance level 0.3250
Tron cryptocurrency recently reversed up from the support zone between the strong support level 0.3085 (which stopped the previous impulse wave (A) in June, as can be seen from the daily Tron chart below) and the lower daily Bollinger Band. The upward reversal from this support zone created the daily Japanese candlesticks pattern Three White Soldiers, which completed the intermediate impulse wave (C) of the primary ABC correction 2 from the end of May.
Given the strength of the support level 0.3085, the bullish divergence on the daily Stochastic and the cautiously bullish sentiment around Tron after the activation of its network Proposal 108, Tron cryptocurrency can be expected to rise further toward the next resistance level 0.3250 (former support from September and October).