The weekly technical chart of TRX highlights a positive trend built by the coin with modest price corrections in between. A sudden spike in price movements can be seen from Jan 3, 2021. A symmetrical triangle continuation pattern is formed on Tuesday's trading session. TRX successfully broke down that pattern for a downward movement with the resistance zone placed at $0.0293 and the following support zone of $0.0264.
The Moving Average Convergence Divergence (MACD) had a crossover signal line indicating a selling signal in the coin. The histogram also started to form a few massive red bars after the crossover.
Meanwhile, the Commodity Channel Index (CCI) with a value of -72.00 indicates that the coin is in a downtrend and in an oversold region. It formed a descending parallel channel from 189.00 to -72.00
The Moving Average Convergence Divergence (MACD) had a crossover signal line indicating a selling signal in the coin. The histogram also started to form a few massive red bars after the crossover.
Meanwhile, the Commodity Channel Index (CCI) with a value of -72.00 indicates that the coin is in a downtrend and in an oversold region. It formed a descending parallel channel from 189.00 to -72.00
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.