InvestingScope

TRXUSD: The bottom is most likely in. Consolidation ahead.

BITFINEX:TRXUSD   TRON / Dollar
Our last short TP = 0.014110 has been hit. At this point neither 1W (RSU = 40.809, MACD = -0.007, Highs/Lows = -0.0041) or 1D ( RSI = 39.536, MACD = -0.002, Highs/Lows = 0.0000) are as negative as anyone would expect based on the collapse of the crypto market in the last 15 days. The Lower Low sequence on 1W clearly supports now, the downside seems limited and the bottom is most likely priced. Based on this Lower High, Lower Low sequence on 1W the next technical target of Tron is 0.01900.
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