Tron (TRX-USD)
(https://zycrypto.com/wp-content/uploads/2019/06/TRXUSD-1-1.png)
Just like XLM and ADA, TRX is also trading on a ranging market. This has been buttressed by the intertwining moving averages. The famous crypto began the day trading at $0.035260 with a percentage increase of 1.39% against the current price of $0.034863. This was later followed by a breakdown that dips the price momentum to a low of 0.032887.
A short period of consolidation is seen at around 18:00 to 22:00, June 4 reflecting luck of momentum in the market. A breakout followed that shifted price momentum up to close at a high of 0.034116. A sideways price movement is then encountered placing resistance level at $0.035132 and support level at $0.0345294. The RSI, therefore, reflect strong buying pressure during the last few hours.
FORECAST
An upward price rally is likely to be seen due to the 7 day MA is above the 21 day MA. A stop-loss should be set below $0.034860 in case of a breakdown.
Source: ZyCrypto (https://zycrypto.com/stellar-xlm-cardano-ada-and-tron-trx-price-analysis-and-forecast/)