TRON is Exposed to Forex Market Via Shift Partnership

Kiana Diva | June 6, 2018 | 12:44 am

TRON is Exposed to Forex Market Via Shift Partnership

Kiana Diva | June 6, 2018 | 12:44 am

It’s Invest Diva’s  Kiana Danial https://www.investdiva.com/ with News BTC and here is your cryptocurrency update. In a movement close to my heart, TRON is exposing itself to the forex market by partnering up with the New York-based Shift Markets. Shift has been helping with the launch of over 100 FX brokers and over 50 crypto exchanges in the past decade. With this partnership, TRX will be bridging the gap between traditional fiat currencies and cryptocurrencies, and increase it liquidity not only the crypto-markets, but also the traditional Forex markets that deal with global currencies. TRON will now be offered by a total of 9 brokers in 9 different countries. Despite the news, TRX has continued its consolidation after it dropped below the Ichimoku cloud once TRON’s Mainnet was launched. As we previously reported, TRON finally launched its mainnet on May 31, becoming independent from the Ethereum platform. The token could see more bullish sentiment once the transition is completed on June 25th. In the meantime, TRON users have to follow a few steps to ensure that the transition takes place smoothly, and have been given a deadline till June 25. Looking at its price action on the daily chart, TRX/USD continues to be supported by the 61% Fibonacci retracement level of $0.05, while bouncing up to the 50% Fibonacci and the lower band of the Ichimoku cloud at $0.06. The future cloud appears to be turning bearish. But we could still see a bounce up to the upper band of the cloud and the pivot level of 0.07 before the June 25 transition deadline. Thanks for watching, invest responsibly, and I’ll see you with more updates tomorrow.

NewsBTC is a news service that covers bitcoin news, technical analysis & forecasts for bitcoin and other altcoins. Here at NewsBTC, we are dedicated to enlightening people all around the world about bitcoin and other cryptocurrencies. We cover news related to bitcoin exchanges, bitcoin mining and price forecasts for various virtual currencies.

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