Investing.com - Financial Markets Worldwide
Get 40% Off
Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

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

Published 04/09/2019, 07:18 AM
Updated 04/09/2019, 08:21 AM
Tron (TRX) Technical Analysis: 7-Month Bullish Inverse H&S Pattern Complete, When Moon?

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

Latest comments

I got mine @etoro
etoro
will trx hit $10 within 5 years? any predictions
of course, 1000. buy immediately, sell yr house, car and get it
Menaka echchara nam yanna ba technically. Mokada market volume eka wadee. Habai 2$ 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.
we optimized as soon as possible not even a five years, but within the next two years.
where can I get trx
Etoro
where can I get trx
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
this is the good time to buy tron
Tron is future crypto currency, it will raise up in a few weeks
i can not belive on poloniex ieo, it was scam
why????wats happened??
i dont understand, Trx is nothing compared to BTC..
Tron can do so much more than bitcoin it can do what ETH does only better,cheaper,faster.
Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.