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InvestingScope
Sep 4, 2018 4:24 PM

Approaching 1W Lower High levels. Bearish. Short

TRON / DollarBitfinex

Description

The 1D Channel Up (RSI = 51.327) on TRON is trading sideways now as it approaches the 0.029 - 0.030 Lower High levels on the 1W Channel Down. This is technically the highest R/R spot to go short since 1W Highs/Lows = 0.0055 call for a bearish reversal. We remain bearish, TP = 0.01410 (0.009634 in extension).
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