Weekly term
TRX seems to have formed a rising wedge pattern indicating a possible drop.
- RSI level is very high (79) on the daily chart at the moment
- Price is at the strong resistance level that has been holding since August 2018
Note
Although I think this seems less likely to happen, the news concerning the launch of the BitTorrent token might keep the...
Short term
Probably some neutral sideways price action coming ±2 days.
- Stuck in a narrow channel of converging trend
- Giving the RSI some time to cool down slightly
Longer term
Price seems to want to go up a little further and if so will probably get stuck at the head and shoulders neckline.
- Ascending triangle
- Bullish sentiment is backed by the...
Short term
Possible short entry on short term.
- Overbought on RSI
- Double top formation
- Bearish divergence on MACD
Long term
Possible long entry on long term
- Ascending triangle
- Strong 100MA resistance