TRON
Short

Both targets hit. Channel Down lower break out. Strong short.

596
Both TP = 0.030110 and 0.023083 hit as the 1D Channel Down (RSI = 30.449) moved aggressively to a new Lower Low. If 0.023 breaks then TRXUSD will aggressively transition back to the commanding 1W Channel Down (RSI = 44.821, Highs/Lows = -0.0183 but oversold on STOCH, STOCHRSI, Williams, Ultimate Oscillator) and look first for 0.016362 and then 0.009634 (TP). The outlook on TRON remains bearish.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.