As you can see from the 2 highlighted zones on the chart, TRX is now playing out one of the very important moves determining the next move. Getting rejected yet at again the long term resistance line as shown in one of the images below and breaking the weekly support earlier this week.
If TRX continues to follow the earlier price patterns we could see price moving back to 0.006/0.007 USDT to TRX.
On the other hand, like BTC it is also trying to take out the long term resistance line and aim for another ATH. Can it do it defying all odds? I have my doubts. For now its better to short till 0.0133 levels.
Long term Resistance line:
Broke weekly Support:
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If TRX continues to follow the earlier price patterns we could see price moving back to 0.006/0.007 USDT to TRX.
On the other hand, like BTC it is also trying to take out the long term resistance line and aim for another ATH. Can it do it defying all odds? I have my doubts. For now its better to short till 0.0133 levels.
Long term Resistance line:
Broke weekly Support:
Do like and / or comment on the TA.
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