TRXUSD: Resistance Cluster Breakout "BUT" Weak
We need more volume here. If the market buys it more then 0.10 is not out of reach.
Also, look at RSI (2) being channeled up.
Weekly RSI (2) is showing negative divergence at the top which is implicating that TRX lacks enough strength. Then I expect two scenarios:
A pullback to 0.045 as a best case scenario, or deeper toward 0.035 which the latter sounds less possible.
Weekly Candle so far is a red doggie meaning the market is skeptic about the price.
Not a financial advice.
TP: 0.10
SL: -5% from purchasing price.
Also, look at RSI (2) being channeled up.
Weekly RSI (2) is showing negative divergence at the top which is implicating that TRX lacks enough strength. Then I expect two scenarios:
A pullback to 0.045 as a best case scenario, or deeper toward 0.035 which the latter sounds less possible.
Weekly Candle so far is a red doggie meaning the market is skeptic about the price.
Not a financial advice.
TP: 0.10
SL: -5% from purchasing price.
Uwaga
Previous channel is broken. So, a new channel with the same width can be considered.
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