Crypto Technicals: TRON (TRX) extends marginal gains, break above 5-DMA (0.01362) could see further upside

TRX/USD chart - Trading View

Exchange - Bitfinex

Support: 0.012974 (21H EMA); Resistance: 0.01362 (5-DMA)

Technical Analysis: Bias Bearish

TRON (TRX) was trading 2.55% higher on the day at 0.013220 at 08:55 GMT.

TRX/USD has been extending sideways, consolidating Sept 24th slump.

The pair is struggling to extend gains. Upside capped below 5-DMA which is sharply lower.

Major trend in the pair is bearish. However, bullish divergence keeps scope for upside.

Break above 5-DMA could see gains till 21-EMA at 0.015450 ahead of 50-DMA at 0.016610.

Resumption of downside could see test of Nov 2018 lows at 0.011100 ahead of lower BB (W) at 0.009117.

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