* We always provide both the and scenarios because the traders should be aware of what to expect in both cases.
Trx is trading now above the moving averages 20-day and 50-day which is quite good. However, it faces strong resistance from the critical level $ 0.0557, it has failed to penetrate this level three times before.
If the bulls manage to take Trx above this level, a move to $0.075 target is possible. On the downside, Trx will find support from the moving averages and from $0.03 level.
Please be noted that I'm just giving the possible higher or lower levels developing according to the chart patterns. It's my own analysis. You should conduct your own research when making a decision.