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Tron (TRX): Rejected By 200 EMA + Bollinger Bands

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TRXUSDT Perpetual Contract (BYBIT:TRXUSDT.P)  
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BYBIT:TRXUSDT.P   TRXUSDT Perpetual Contract
Trend Analysis Chart Patterns Technical Indicators Bitcoin (Cryptocurrency) BTC ETH Ethereum (Cryptocurrency) bollingerbandstrategy EMAS Relative Strength Index (RSI)
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trendanalysis chartpattern indicator bitcoin btc eth ethereum bollingerbandstrategy emas relativestrengthindex
We are looking at the TRX coin after seeing a very sharp rejection near 100/200 EMA and also on the upper side of Bollinger bands.

With that being said, after a nice breakdown of EMAs, we had one clean re-test, which was successful and seems to be pushing the price lower and lower.

We are looking for lower support to be reached one more time and potentially being broken as well!

Swallow Team
Comment:
snapshot

The price of TRX did not want an attempt to breakdown from lower support but instead went for a massive breakout attempt (a successful one), which broke EMAs and now is heading towards the upper resistance zone with one steady phase! Waiting for the price to reach that zone there
Comment:
snapshot
After yesterday's manipulative movements on the market, TRX had a small setback but is still looking for another attempt to reach that upper zone of resistance that we are waiting for!
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