TRON
Short

TRXUSD: Channel Down intact. Short for the support test.

1 777
TRX has kept the 1D Channel Down intact but remains near the Lower High trend line and as a result on slightly neutral terms (RSI = 48.221, MACD = 0.000, Highs/Lows = -0.0002). The Channel requires a break out below the 0.02071 support and a new Lower Low at least near 0.01800. Given the symmetrical Channels on 1D we expect the 1D support to be tested, hence remain bearish with TP = 0.01600.

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