TRON - May Analysis - Bullish
Updated
After TRON Mainnet Beta release (31st of March), a correction occurred due to hyped price.
There is two price reversal areas which are easy to spot. Second one is a higher low that means TRON is in a bullish price action.
I think this up trend will continue up to 25th of May and will reach one month ATH (1000 satoshi level).
And there is an important Mainnet launch on 31st of May.
When we apply Fibonacci retracement lines, the next target price will be around 1320 - 1400 satoshi's at the end of the month.
You can also check my Tron / USD analysis here:
TRON - Breakout very soon
There is two price reversal areas which are easy to spot. Second one is a higher low that means TRON is in a bullish price action.
I think this up trend will continue up to 25th of May and will reach one month ATH (1000 satoshi level).
And there is an important Mainnet launch on 31st of May.
When we apply Fibonacci retracement lines, the next target price will be around 1320 - 1400 satoshi's at the end of the month.
You can also check my Tron / USD analysis here:
TRON - Breakout very soon
Note
0.786 Fibo level exactly reached.A pennant is forming and then up to 1050-1100 satoshi's.
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