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Tron (TRX) Technical Analysis: 7-Month Bullish Inverse H&S Pattern Complete, When Moon?

CryptocurrencyApr 09, 2019 08:21AM ET
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Latest Tron News


The Tron Foundation has recently released the expansion plan of its secondary scaling solution, the ‘Sun Network’.

The Sun Network is a system update that plans to improve Tron’s efficiency by introducing dApp sidechains and interoperable cross-chain features. By doing so, the Foundation claims that this will ‘improve the overall TPS’ as well as reduce the energy consumption of dApps.

The deployment of the Sun Network has been broken down into 3 phases spread out over the next 5 months.The Sun Network testnet launch, scheduled to go live on May 30, will be the first phase, followed later on in the year by the official launch and optimization stages due on August 10, and September 15 respectively.

Tron Price Analysis


The new announcement has arrived at a fortunate time just as Bitcoin and a vast majority of altcoins correct from the recent bull market. TRX is currently the best performing asset among the top 30 cryptocurrencies today with a 7.12% gain against the US dollar and a 7.76% lead over Bitcoin.

Looking at the 1D TRX/USD chart (below) we can see that Tron appears to have finally completed a 7-month long inverse head and shoulders (...

This article appeared first on Cryptovest

Tron (TRX) Technical Analysis: 7-Month Bullish Inverse H&S Pattern Complete, When Moon?
 

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Comments (10)
Jermaine Pore
Jermaine Pore Apr 24, 2021 11:21AM ET
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I got mine @etoro
Jermaine Pore
Jermaine Pore Apr 24, 2021 11:20AM ET
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etoro
Menaka Herath
Menaka Herath Apr 04, 2021 10:03PM ET
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will trx hit $10 within 5 years? any predictions
Atersy wert
Atersy wert Apr 04, 2021 10:03PM ET
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maybe
Richy Reynolds
Richy Reynolds Apr 04, 2021 10:03PM ET
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of course, 1000. buy immediately, sell yr house, car and get it
Sanath Wijerathne
Sanath Wijerathne Apr 04, 2021 10:03PM ET
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Menaka echchara nam yanna ba technically. Mokada market volume eka wadee. Habai 2$ walata nam yai. E unath loku ganak. Ada laksha 10 ka gaththanam thawa awrudi dekakin 193millione enawa. Thats sure. But 10$ its impossible. Cheers. 94767143500 sanath. If any call me.
Nura Ali
Nura Ali Apr 04, 2021 10:03PM ET
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we optimized as soon as possible not even a five years, but within the next two years.
Larry Batherwich
Larry Batherwich Mar 16, 2021 10:51AM ET
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where can I get trx
Jonas Nielsen
Jonas Nielsen Mar 16, 2021 10:51AM ET
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Etoro
Larry Batherwich
Larry Batherwich Mar 16, 2021 10:51AM ET
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where can I get trx
Junaid Naqshbandy
Junaid Naqshbandy Feb 23, 2021 3:04PM ET
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just hold on ur TRX it well be soon go up for some days or months don't worry about it .it well be grow up, so just be a wait guys
Auwal Aliyu
Auwal Aliyu Jan 11, 2021 1:28PM ET
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this is the good time to buy tron
shahryar bj
shahryar bj Oct 03, 2020 3:30PM ET
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Tron is future crypto currency, it will raise up in a few weeks
Farshad Ghaemi
Farshad Ghaemi May 05, 2020 2:14PM ET
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i can not belive on poloniex ieo, it was scam
Ghasem Askari
Ghasem Askari May 05, 2020 2:14PM ET
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why????wats happened??
Krizz Luna
Krizz Luna Aug 16, 2019 8:10AM ET
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i dont understand, Trx is nothing compared to BTC..
Martin Chretien
Martin Chretien Aug 16, 2019 8:10AM ET
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Tron can do so much more than bitcoin it can do what ETH does only better,cheaper,faster.
 
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