InvestingScope
Short

Target hit. Channel Down on full deployment. Short.

BITFINEX:TRXUSD   TRON / Dollar
TP = 0.034219 (March 22 contact point) hit, as TRON complied perfectly to the projected Channel Down pattern on 4H ( RSI = 30.223) after a smooth rejection off the first pitch resisting line (red dots) seen by the low Highs/Lows = -0.0013, B/BP = -0.0025. Those however indicate a more steady decline that will see hitting our next TP = 0.030110 (March 09 contact point) before the 1W closes and the final TP = 0.023083 (March 18 contact point) by next week. The 1D Channel Down ( RSI = 30.222, Highs/Lows = -0.0033, MACD = -0.004, ADX = 46.584) is balanced enough to ensure a calm pace for TRXUSD during this downtrend.
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