InvestingScope

TRXUSD: Channel Down emerging. Short.

Short
BITFINEX:TRXUSD   TRON
Tron nullified the Channel Up with last week's bearish candle on 1D that reached 0.020677, and a new Channel Down is being developed. With 4H neutral (STOCH = 54.331, Williams = -50.897, Highs/Lows = 0.0000) and 1D under High Volatility (ATR = 0.0020) due to the consecutive pattern break-outs, 1W has turned neutral (RSI = 47.011) and for the time being it is best to operate between the 0.028215 Resistance and the 0.01600 Support on 1D. We remain short on TRXUSD but upgrade our TP to 0.01600.

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