InvestingScope

TRXUSD: Lower High rejection on 1D Channel Down. Still short.

Kort
BITFINEX:TRXUSD   TRON
Tron has made a Lower High (0.02362) on the 1D Channel Down (RSI = 43.026, Highs/Lows = -0.0012) and was immediately rejected on a strong bearish candle that crossed the 0.500 Fibonacci retracement level (0.022663). It is necessary now to break through the previous Lower Low (0.020712) in order to keep the bearish momentum on the 1D Channel Down intact. We remain short on the long term, TP = 0.01600 (1W Support).

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