TRX - TRONIX - TRON network on the move higher
Tronix, also known as TRX, is the native cryptocurrency of Tron: a blockchain-based platform with two main functions. First, it serves as a global online content sharing platform, and secondly, it allows developers to create their own autonomous applications that operate without the need for intermediaries (* information from CoinDesk).
This asset hit .1805 back in April 2021 and looks to be headed to much higher ground.
Having broken north of the wedge pattern holding it down for several weeks, the price of TRX has climbed steadily.
Resistance at .0714 looks a likely target.
2 days ago the 50 EMA crossed the 200 EMA which is known as a Golden Cross and this is a very BULLISH sign.
With plenty of support below the currenct price with the 50 EMA and 200 EMA, this asset looks a banker LONG trade.
This asset hit .1805 back in April 2021 and looks to be headed to much higher ground.
Having broken north of the wedge pattern holding it down for several weeks, the price of TRX has climbed steadily.
Resistance at .0714 looks a likely target.
2 days ago the 50 EMA crossed the 200 EMA which is known as a Golden Cross and this is a very BULLISH sign.
With plenty of support below the currenct price with the 50 EMA and 200 EMA, this asset looks a banker LONG trade.