#Tron in a falling wedge #trxbtc for BINANCE:TRXBTC by rajista

trendanalysis fibonacci tron trxbtc crypto cryptocurrency

#Tron is currently consolidating in a falling wedge. support at 627: 20MA in weekly.

Previous week $trx bounced off the 61.8fib level at 610 till the 50fib resistance around 700(+12%).

100 DMA resistance at 682 & Next major support: 450.

Comment:

#Tron trendline break, next level of support is at 0.786fib: 450.

#TRX is looking bearish again after that failed impulsive move breaking out of the wedge

1D RSI making a new low: 27 at yesterdays closing.

Stoch rsi has still room to go down to oversold.

I will look for some bullish developments (Divergences, Doji candles) around the 450 and next around 320 regions before taking a new position in tron.

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