TRON Technical Analysis: Potential bear flag set up for TRX/USD

FX Street

Published date: 30 Nov. 2019 | 00:07

TRX/USD trades higher today but could be heading lower.
The price is moving to the bottom of the bear flag pattern on the 4-hour chart.

TRX/USD 4-Hour Chart

Below is the 4-hour TRX/USD chart and the price has consolidated in a bull flag pattern.

TRON has been one of the better performing cryptocurrencies of late but now is showing signs of weakness.

The price has made a lower high wave and the formation could be confirmed if 0.01574 breaks to the downside.

The higher timeframes are still showing a strong downtrend so this could be a continuation pattern.

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