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InvestingScope
Oct 9, 2018 6:13 PM

TRXUSD: Triangle and Channel Down broke to the upside. Short

TRON / DollarBitfinex

Description

Sunday's bullish price action on TRON broke the 1D Triange to the upside (RSI = 62.102, still on neutral MACD, Highs/Lows, B/BP though) and surpassed the Lower High tolerance of the 1W Channel Down. With 1W though bearish/ neutral (RSI = 47.273, MACD = -0.006, B/BP = -0.0065, Williams = -64.978), we have to wait for the 1D Resistance = 0.02820 to break in order to confirm a sustainable uptrend. Until then, TRXUSD remains a short opportunity with TP = 0.01410 (December 16, 2017 low).
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