Hello, dear members of LeoFinance!
Today I want to share the price chart of TRON.
In the weekly chart (1W), TRX/USD has formed a Hammer candlestick:
The Technical Analysis theory says:
The Hammer candlestick formation is viewed as a bullish reversal candlestick pattern that mainly occurs at the bottom of downtrends.
So, it seems that the correction is nearing its end and probably a new price increase is going to start.
To be continued ...
As of the time of writing, one TRX costs $0.067 on the Binance crypto exchange, according to TradingView.
A few words about me:
Just to let you know: I've been working professionally as a currency analyst for the last almost 15 years, and as a cryptocurrency analyst for the last 4 years.
Important!
Keep in mind, that thoughts expressed here are my own, and they should not be regarded as recommendations for any cryptocurrency/commodity trades, investments and etc.
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Solid stuff dood.
I may pick some up to flip.
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