NewMexCapital

TRX - mixed signals - no trade zone?

BINANCE:TRXBTC   TRON / Bitcoin
TRX had all the ingredients for a nice move up but it didn't happen. We have a W bottom on bollinger bands , bullish divergence on RSI and a break out from the descending channel but the volume isn't confirming it and the hidden bearish divergence on RSI is not good sign for the bulls. So, if you want to short this the SL must be set at the high where the hidden divergence gets invalidated which is also a former support level .
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