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TRON vs TetherUS Now Bearish, Why?

Short
BINANCE:TRXUSDT   TRON / TetherUS
Let's take a look at TRON vs TetherUS (TRXUSDT) on the daily timeframe , the bears are now taking control of this chart.

TRXUSDT was looking strong while trading above MA200 (black line).
It was consolidating sideways (red rectangle ) and suddenly dropped breaking all support.

Prices dropped below MA200, EMA10, and finally closed the day yesterday below EMA50/EMA100.

Now that prices are below these lines, we take it as a signal that the bears are gaining the upper hand.

Prices can easily drop some more here.

This is not financial advice.

Namaste.
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Comments

This rising wedge is invalid. If you put the fib retracement up you will see why.
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HowToBuyBitcoindotnetdotau HowToBuyBitcoindotnetdotau
I should say it is not invalid totally but it is more chance of a false signal when in this situation.
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thanks for the analysis <3
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Nice...
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