Channel Down continuation

9 Jun 2018

Tron continues to slide lower under the selling pressude of the underlying 1D Channel Down (RSI = 42.197, STOCH = 24.242, ADX = 37.549), though on a much slower pace (MACD = -0.004, Highs/Lows = 0, B/BP = -0.0054) than it did on May. Due to the trade above but near the Pivot Point, 4H is neutral on RSI, CCI, Highs/Lows indicating less chances to make a Lower High at 0.064052 or 0.066697. The most likely scenario for TRX/USD is to hit our TP = 0.046047 (support) on a slow, controlled decline in the coming sessions