FxWirePro: TRON/USD recovers slightly as MainNet to be launched on May 31st, good to buy on dips

• Tron is continuing its minor weakness and has declined more than 45% from the high of $0.1023 made on Apr 30th 2018. Overall the pair jumped almost 350% from the low of 0.02280 made on Apr 1st 2018 low. Market expects biggest project yet from TRON foundation in approximately one day 13 hours for launch of MainNet. TRON would be free from its current Ethereum block chain and upgrading to its own MainNet.  TRON gets listed in OEX exchange today before launch of MainNet. TRON has got lot of support from exchange platform for its MainNet launch (totally 19 exchange platform).
   
• TRON can currently perform 25 transactions per second compared to Bitcoin (6) and Ethereum (10). After launch of MainNet TRON can do up to 10000 Transaction Per Second.
   
• Technically, TRON has taken support near 100- day MA and started to jump almost 6% from the low $0.05580. Any convincing break below 0.0530 (100- day MA) will take to next level till $0.0490 (200- day MA)/$0.03.
   
• On the higher side, any break above minor resistance at 0.0655 (55- day EMA) will take the pair till 0.0730/0.09300/0.100/0.15.

It is good to buy on dips around 0.0600 with SL around 0.049 for the TP of 0.15/0.35/0.50.