Why Tron is all set for a week of bullish action
ambcrypto.comTron is set for a bullish week after its price bounced back from a bottom sloping trendline which functioned as support. After overcoming a near-term hurdle present at the 20-SMA (red), TRX would need to overcome some key swing highs to set a fresh local high at the 78.6% Fibonacci level.
At the time of writing, TRX traded at $0.105, up by 0.8% over the last 24 hours.
Source: TRX/USD, TradingView
Since mid-August, Tron snapped four higher lows at $0.076, $0.092, $0.088 and $1.057 and has respected the boundaries of a bottom sloping trendline. In fact, TRX has set up bullish weeks of trade each time its price has bounced back from this trendline. Following a fifth retest, TRX eyed an extension of its present bull run.
Once the daily 20-SMA (red)
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