Technical Analysis: TRON (TRX) Has Fully Recovered From the Recent Crash
TRON (TRX) has been able to set higher lows almost every day since the end-of-September crash. The bulls quickly created a daily uptrend but saw a lot of resistance at the 12-period EMA.
Four days ago the bulls managed to break through this resistance, however, the next day, the bears took over again breaking below it.
Yesterday, the bulls gave it another try and managed to break above both EMAs with a huge 12% move to the upside. This move seems to have continuation today as the bulls are setting a nice daily bull flag as a bullish cross of the EMAs looks to be in the cards in the next few days.
Disclaimer: This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.