TRX needs to break through the blue zone to change this from a reversal to a correction while staying above the current support line.
We will know the outcome within the next half day. It's looking like it may end up being bearish, although we are entering oversold territory on RSI and seeing some slight crossover action on moving averages, so I have set this to idea to neutral.
Next support level is pretty solid, so expect a drop down there within the blue zone over the next few days if this is confirmed.
We will know the outcome within the next half day. It's looking like it may end up being bearish, although we are entering oversold territory on RSI and seeing some slight crossover action on moving averages, so I have set this to idea to neutral.
Next support level is pretty solid, so expect a drop down there within the blue zone over the next few days if this is confirmed.