Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: TRON/USD to reach $0.50 after release of Mainnet

  • Tron is continuing its bullishness for past 4 trading days and jumped almost more than 40%. It has surpass IOTA in market cap and reached the 9th spot. Overall the pair jumped almost 350% from the low of 0.02280. Justin Sun in a recent Huobi conference in Korea mentioned about “secret announcement” he will make in June post Main Net launch. It is expected that once Tron is launches own Main Net , the plat form will see an increase in the number of developers launching Dapp. The launch date of main net advanced from Jul 1st to May 31st .In anticipation of the launch market expects TRON price to move upward till May 31st 2018.The Main net launch has seen lot of supporters joining TRON, including 8 large crypto exchanges.
     
  • There are lot speculations going around discussing the probability of Alibaba becoming next partner with TRON.
     
  • Technically, Tron has taken support near trend line and shown a minor jump from that level. Any convincing break below 0.0600 (trend line support) will take to next level till 0.053/0.0700.
     
  • On the higher side, any break above minor resistance at 0.08600 will take the pair till 0.09300/0.100/0.15.

    It is good to buy on dips around 0.00740-45 with SL around 0.053 for the TP of 0.15/0.35/0.50. 

 

 

  • ET PRO
  • Market Data

Market-moving news and views, 24 hours a day >

December 18 20:00 UTC Released

NZWestpac Consumer Survey

Actual

109.1

Forecast

Previous

103.5

December 18 19:00 UTC Released

ARReal Weekly Earnings MM

Actual

9 %

Forecast

Previous

9.6 %

January 31 00:00 UTC 463531463531m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 463531463531m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 475351475351m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 463531463531m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 475351475351m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 463531463531m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 463531463531m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 463531463531m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.