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FxWirePro: TRONUSD Daily Outlook

  • Tron has launched Testnet platform on Mar 31st and MainNet on the 31st of May 2018. The main net testing period is happening between Jun 1st and Jun 24th. The genesis block will be launched on the 25th of June and token migration will happen between from the 21st to 25th of Jun. Binance will support permanent token migration after Jun 24th.
     
  • Technically, the pair is trading weak and broken major trend line support of 0.0500 and declined till $0.03900.The pair is trading weak and a decline till $0.0270 is possible.
     
  • The minor bullishness can be seen only if it closes above $0.05300 (200- day MA). Any close above will take the pair till $0.06725.

    It is good to sell on rallies around $0.0455-60 with SL around $0.05350 for the TP of $0.0270.
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