As you can see, buyers have managed to re-test the upper trend line of the growth channel. This event took place in high volumes and the sellers finally showed their presence.
We expect to continue the correction in the TRX market with the first stop of $0.87. In addition to the fact that we see a small consolidation in this range on the chart, if you look at the trading history for 2018, this mark will show an important liquidity level. By keeping it, buyers can safely continue the wave of growth to $0.2. However, we do not recommend buying this coin before.
An alternative scenario is a deep correction to $0.5. This scenario will increase its probability if the price of BTC breaks the range of $54200-54500.
We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements.
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