Taking a closer look at the chart, you can see that Tron has formed a right on top of the 50 (in orange.) Additionally, the appears to be rolling over, showing a return of momentum. The appears to have broken to the downside already, and price is pushing right into the 50 . If a sustained breakdown occurs, below the 50 , the 78.6% retrace is just below, followed by the 200 in purple. Below that, there is a clear gap down to the 380 level, and then the bottom of the falling . On the upside, the top of the falling should act as resistance. Overall, I think we could see TRX/BTC trade around in this channel, as the selling pressure resumes in the market. A sustained break below the 50 , coupled with a complete crossover on the , would signal further downside.
This has been your not-so-humble market wizard, droppin' knowledge like bombs in this place! Please follow, comment, like, and share on social media! Good luck trading everyone.
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
-MPC loves you-