Tron cryptocurrency can be expected to fall to the next support level 0.3200 (former strong resistance from the end of March).
- Tron reversed from resistance zone
- Likely to fall to support level 0.3200
Tron cryptocurrency recently reversed up from the resistance zone between the resistance level 0.3340 (which stopped the previous sharp upward impulse wave 5 earlier this month, as can be seen from the daily Tron chart below) , upper daily Bollinger Band and the resistance trendline of the wide weekly up channel from the start of February. The downward reversal from this resistance zone formed the second consecutive Japanese candlesticks reversal pattern Dark Cloud Cover – which follows the earlier daily Shooting Star near the same resistance zone.
Given the strength of the aforementioned resistance zone and the bearish divergence on the daily Stochastic indicator, Tron cryptocurrency can be expected to fall to the next support level 0.3200 (former strong resistance from the end of March).
