TRX is located in the historically seen important resistance level. This level has not been broken with any significant confidence yet since it has dropped under it. Price however has closed above the trendline, coming all the way from the November/December 2018 bottom. Besides this important closing price, the RSI still has some room left for growth, indicating the bulls have a good chance to crank the price up a bit. Another interesting thing to note is that the volume has gone up very significantly, which could mean people are scooping up some TRX due to higher expectations.
It will be interesting to see what the price is going to do in the few coming days as we might see an amplified movement due to Binance reopening later this day.
It will be interesting to see what the price is going to do in the few coming days as we might see an amplified movement due to Binance reopening later this day.
Comment:
It seems like there has been another unsuccessful brakeout of the import resistance zone
Comment:
Price seems to be located in a bearish flag. Antoher 8% drop could likely be seen soon.
