TRON
Short

Consolidation is over. Rejection on 4H. Short.

437
TRON consolidated a little longer than expected on 4H, but is still kept below the resisting trendline since May 30th (red dotted line). Even if this is crossed any upside attempt is limited to 0.046047. Every rise is a short opportunity according to the 1D Channel Down (RSI = 36.702, Highs/Lows = -0.0008, B/BP = -0.0015). As a result the now borderline neutral 4H (RSI = 40.799, MACD = 0) should start pressuring lower. The TP set for TRXUSD remains: 0.034219 (March 22 contact point) followed by the 0.030110 (March 09) and 0.023083 (March 18) extensions.

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