$TRX, Wammie Bottom…

٢٩ يوليو ٢٠١٨

Weekly
Looking at our trend timeframe we see TRX continuing its downtrend with no signs of slowing down on our higher timeframes. Stochastic RSI showing momentum remaining in favor of bears, also not showing any signs of slowing down. Will be watching smaller timeframe for a possible reversal at this level.


Daily
Looking at our trend timeframe we see price currently remaining above our 400 support zone. Stochastic RSI showing momentum is heading towards the upside, a daily close above 450 satoshis and expect TRX to break out of its downtrend. Last time we were at this price we saw a run from 400 to 1000… will price action repeat itself…only time will tell.