This is what I have been afraid of. My previous chart set up is definately invalidated by recent moves. TRX has closed below the 50-day moving average more than once and a strong down trend has formed. I was waiting to see how this would play out, there still being a chance for a move to the upside. Much more bearish in my view now.
Might catch support at .0209, but if that fails we are left with .0179.
This all will be invalidated if we close above the 50 period EMA on the daily.
Might catch support at .0209, but if that fails we are left with .0179.
This all will be invalidated if we close above the 50 period EMA on the daily.