Short term
TRX has found itself in a rising wedge formation, consequently indicating price will go down.
- Rising wedge
- Double top formation
- Bearish RSI divergence (More noticeable on the 1D chart)
All indicating a downward movement.
Long term
On the longer term, however, it seems to be a bit sunnier. As a result of Tron having acquired BitTorrent and its additional BitTorrent Token, the value of TRX has been strengthened and probably won't see a fall below 0.02 USDT.
TRX has found itself in a rising wedge formation, consequently indicating price will go down.
- Rising wedge
- Double top formation
- Bearish RSI divergence (More noticeable on the 1D chart)
All indicating a downward movement.
Long term
On the longer term, however, it seems to be a bit sunnier. As a result of Tron having acquired BitTorrent and its additional BitTorrent Token, the value of TRX has been strengthened and probably won't see a fall below 0.02 USDT.