TRON TRX price analysis 8 May 2019; lone ranger in crypto

TRON trx price analysis 8 may

The short-term price analysis of TRON/USD has shown a stagnant performance on the trading chart. The buyers of TRON/USD are striving to find the reason behind the slow growth and bearish trend of this currency.

The technical indicators have revealed various results as the pattern watch shows the trends of positive momentum in the near future.

TRON TRX price analysis 8 May 2019; lone ranger in crypto 1
Tron TRX price chart created with Trading View

The RSI and MCAD have revealed the same trend of the surging market for this pair, and also predicted breakout in the prices.

The bullish trend is evident because of the fact that the TRON CEO is making efforts to collaborate with other coins to regain its lost moment and the CEO is hopeful that the TRON will again maintain its position among the top 10 coins.

But, at the same time, the TRON CEO is skeptical about the trading of other coins and has made some derogatory remarks about the Ethereum as well.

These acts can isolate the TRON in the market which is not beneficial for its reputation in the market.

TRON TRX price analysis 8 May 2019; lone ranger in crypto 2
Tron TRX price chart created with Trading View

The medium-term price analysis of this pair has revealed the surging market tendency and the technical indicators have also shown positive signals.

The pattern watch pointed out that the initial upside target of the bullish-to-bearish pattern was June 21st, 2018.

The RSI and MCAD both indicated surging market and MCAD revealed the strong buy signals. Although the indicators are showing positive momentum.

The scenario can be reverted to bearish trend if the security measures have not made stricken as the hackers can at any time shut down the whole network.

Aroosa Nadeem

Aroosa Nadeem

A media graduate and passionate media person Aroosa has a knack for digital media journalism and outreach. She has contributed content to different digital media publishers in a variety of areas including technology, health and finance.

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