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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Telegram: t.me/investingscope
investingscope.com
Over 65% accuracy on Private Signals Channel.
Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.
Free Channel: t.me/investingscopeofficial
investingscope.com
Over 65% accuracy on Private Signals Channel.
Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.
Free Channel: t.me/investingscopeofficial
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.