Im1056

TRXUSDT Looking for .02 Before Next Leg

BINANCE:TRXUSDT   TRON / TetherUS
Dwindling volume following the recent uptrend makes me think we'll see a small to medium rally this weekend and fall into the .02 range starting Sunday night. If .02 doesn't hold, next support is .0175 to .016. Either way, I wouldn't be surprised if the uptrend line breaks, as we've seen frequently in other pairs, right before it gains positive traction.

Alternative, Stoch RSI is oversold, MACD hitting median line - possible bounce off, and RSI hitting resistance, could give pressure to reach gains but I'd ultimately expect a cool down after such a long hot run.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.