TRXUSD has just completed a Head and Shoulders
pattern on 1D ( RSI
= 41.814, MACD
= 0, Highs/Lows = 0), and last week's consolidation should be over as the right shoulder extension has reached the Lower High Resistance (bold blue line). Even if that doesn't hold, TRON will remain bearish
within the 1W Channel Down ( RSI
= 43.506, STOCH
= 17.723, Williams = -91.877), so we will remain short with our TP = 0.01410 (December 16, 2017 low) intact.