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...
Short term Probably some neutral sideways price action coming ±2 days. - Stuck in a narrow channel of converging trend - Giving the RSI some time to cool down slightly Longer term Price seems to want to go up a little further and if so will probably get stuck at the head and shoulders neckline. - Ascending triangle - Bullish sentiment is backed by the...
Short term Possible short entry on short term. - Overbought on RSI - Double top formation - Bearish divergence on MACD Long term Possible long entry on long term - Ascending triangle - Strong 100MA resistance