$TRX, Pretty Little Fears…

16 Eki 2018

Weekly
Looking at our trend timeframe we see price continuing to respect our downtrend with no signs of reversal. Stochastic RSI showing momentum is in favor of bulls, however TRX is currently testing our dynamic resistance at 375 satoshis. A lower high here leaves us with an opportunity to form a lower low near our 20 satoshi support zone.


Daily
Shifting over to our pattern timeframe we see price currently trying to break its downtrend structure, stochastic rsi showing momentum is in favor of bears with no signs of reversal. A daily close above 385 activates our trade, however if reject and we see a daily close below 355 expect our sell off to continue towards 325. If dynamic support holds at 325 expect our 375 resistance to be tested once again.