Could TRX/USD Leave the Range?
Updated
TRON's TRX has settled in a tight range recently. The Relative Strength Index (RSI) avoided the oversold.
Looking technically, we will need to see a sustainable move above $0.0148 in order bulls to gain momentum. Once this resistance is out of the way, psychological $0.0150 (H4 100 SMA and the middle line of the daily Bollinger Bands) will be the next target. But failure to move back through the today high $0.01437, where is located also the resistance trend line, could weigh heavily during the day.
On downside, first support is the psychological $0.0140 level combined with the lower line of H4 Bollinger Bands. A clear break bellow it will bring further downward pressure and could lead the bears for re-testing November's lows at $0.01296 and $0.01283.
Please feel free to share your opinion with us as comment bellow...
Looking technically, we will need to see a sustainable move above $0.0148 in order bulls to gain momentum. Once this resistance is out of the way, psychological $0.0150 (H4 100 SMA and the middle line of the daily Bollinger Bands) will be the next target. But failure to move back through the today high $0.01437, where is located also the resistance trend line, could weigh heavily during the day.
On downside, first support is the psychological $0.0140 level combined with the lower line of H4 Bollinger Bands. A clear break bellow it will bring further downward pressure and could lead the bears for re-testing November's lows at $0.01296 and $0.01283.
Please feel free to share your opinion with us as comment bellow...
Note
First support was taken out and the price close to the November's lows, but after that rebounded.
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