TRON
Short

Still on a downtrend. Short.

441
TRXUSD broke the projected 4H Rectangle on an extreme price action but resumed the downtrend, crossing again the intermediate of the 1D Channel Down (RSI = 34.144). Naturally since the price trades around this pivot, MACD= -0.005, Highs/Lows = -0.0029, B/BP = -0.0074, are virtually neutral. This suggests that the downside potential is substantial. With 0.049470 being the Resistance, we expect TRON to gradually decline towards our TP = 0.034219 (March 22 contact point), with 1W pointing to its 0.030110 (March 09) and 0.023083 (March 18) extensions.

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