TRON / TetherUSShort
TRX Rising wedge + Major resistance
Weekly term
TRX seems to have formed a rising wedge pattern indicating a possible drop.
- RSI level is very high (79) on the daily chart at the moment
- Price is at the strong resistance level that has been holding since August 2018
Note
Although I think this seems less likely to happen, the news concerning the launch of the BitTorrent token might keep the bullish sentiment alive causing the price to break the major resistance.
TRX seems to have formed a rising wedge pattern indicating a possible drop.
- RSI level is very high (79) on the daily chart at the moment
- Price is at the strong resistance level that has been holding since August 2018
Note
Although I think this seems less likely to happen, the news concerning the launch of the BitTorrent token might keep the bullish sentiment alive causing the price to break the major resistance.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.