#Tron is currently consolidating in a falling wedge. support at 627: 20MA in weekly.
Previous week $trx bounced off the 61.8fib level at 610 till the 50fib resistance around 700(+12%).
100 DMA resistance at 682 & Next major support: 450.
Commento:
#Tron trendline break, next level of support is at 0.786fib: 450.
#TRX is looking bearish again after that failed impulsive move breaking out of the wedge
1D RSI making a new low: 27 at yesterdays closing.
Stoch rsi has still room to go down to oversold.
I will look for some bullish developments (Divergences, Doji candles) around the 450 and next around 320 regions before taking a new position in tron.
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#TRX is looking bearish again after that failed impulsive move breaking out of the wedge
1D RSI making a new low: 27 at yesterdays closing.
Stoch rsi has still room to go down to oversold.
I will look for some bullish developments (Divergences, Doji candles) around the 450 and next around 320 regions before taking a new position in tron.