Technical Analysis: EOS, Cardano, NEO, IOTA and TRON

Taking a look at the cloud, we see the Lagging Span above price, and a bullish Senkou Span cross.

If the Lagging Span can make its way above price, the combination of signals will be in favor of bullish price action.

Price is below the cloud, the Tenkan-Sen is below the Kijun-Sen, and the Lagging Span is below price - all bearish trading signals.

TRON. TRON has seen significant gains over the past few months, rising from $0.03 at this time last month to a recent high of around $0.09 - however, its price movement may be headed in the other direction.

Although technical analysis is a useful tool for price prediction, it is not definitive.

Senkou Span B - forms the cloud along with Senkou Span A. Traditionally when Senkou Span B is located below Senkou Span A, it is a symbol of bullish price movement.

Most traders do not make a move until price closes above or below the cloud - although, when the Senkou Spans cross one another, many traders use the indicator to predict the reversal of a current price trend.

The Tenkan-Sen highlights short-term price movement, while the Kijun-Sen gives a better idea of long-term price movement.

Chikou Span - Otherwise known as the Lagging Span, Chikou Span shows where the price was 26 periods before the most recent closing price.

An upwards Lagging Span above price shows bullish momentum, while a Lagging Span below price shows bearish momentum.