Crypto Technicals: TRX/USD resumes downside, fails to hold above 200-DMA
Fri, 26 Jul 2019, 06:45 am UTC
TRX/USD chart - Trading View
Exchange - Bitfinex
Support: 0.0192 (Lower BB); Resistance: 0.0240 (5-DMA)
Technical Analysis: Bias Bearish
TRON has resumed downside, trades lower for the 5th straight session.
Upside in the pair was capped at 55-EMA and below daily cloud.
Bounce back in the pair failed to hold above 200-DMA, bias has turned bearish.
Stochs, RSI and 5-DMA are sharply lower, suggesting more downside.
Scope for the pair to break below previous monthly lows at 0.0203.
Next support lies at lower Bollinger band at 0.0192.
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.
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