InvestingScope

Limited upside potential. Still short.

Short
BITFINEX:TRXUSD   TRON
TRON has respected the limited upside space that the 1W Channel Down gave (RSI = 43.337, STOCH = 21.464, Highs/Lows = -0.0164) and is seen on a calculated decline on 1D (RSI = 35.799) with slow pace (MACD = -0.003, Highs/Lows = -0.0002), which indicates that this is the Lower High applying resistance pressure. You can take a short term target here towards 0.016362, but we stick to our previous target set on TRXUSD which is 0.01410, and under specific conditions (we will update) 0.009634.

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