DU09

TRX/USD - Price stuck in pennant, wait

BITFINEX:TRXUSD   TRON / Dollar
TRX has been in this large pennant since August and does not seem to indicate any clear trend at this time.

Trending indicators are all over the place, therefore, we need a clear break and sustained follow-up to confirm where TRX is going. For now, price is compressing in this large pennant as time passes. We should get a clear break in a month or two.

We also have a good level of support just under the pennant , should we break down. If we break up, we should reach at least $0.04 and beyond.

I do not recommend a buy now, better wait or look for other opportunities.

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