Hi Traders, Investors and Speculators of Charts📈📉
TRXUSDT has turned bearish in the short term Timeframe.
From a technical indicator perspective we see clearly that the trendline has been broken and now the price is closing candles UNDER the trendline. This is bearish for the short term.
However, from a weekly outlook, Tron is still bullish. This could mean that the current pullback is only a temporary correction. The price could continue lower for the short term, but bounce back up in the near term and continue the upwards trend.
For now, the best course of action seems to be observing from the sideline and look for other trading opportunities with better risk/reward setups across the altcoin market.
_______________________
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We thank you for your support !
CryptoCheck
TRXUSDT has turned bearish in the short term Timeframe.
From a technical indicator perspective we see clearly that the trendline has been broken and now the price is closing candles UNDER the trendline. This is bearish for the short term.
However, from a weekly outlook, Tron is still bullish. This could mean that the current pullback is only a temporary correction. The price could continue lower for the short term, but bounce back up in the near term and continue the upwards trend.
For now, the best course of action seems to be observing from the sideline and look for other trading opportunities with better risk/reward setups across the altcoin market.
_______________________
📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍
We thank you for your support !
CryptoCheck
