Tron price battles resistance at two-month descending trendline. The channel support is place to prevent possible breakdown to $0.0100 tentative support area. The Tron community is gradually getting accustomed to drab price actions following the massive in March following the Coronavirus triggered selloff in both the cryptocurrency market and the traditional markets such as stocks and commodities. Amidst the minor price actions, TRX/USD has been able to nurture an uptrend within an ascending channel. However, recovery lost its mojo at $0.0140 giving way to the ongoing retracement. In the meantime, TRX/USD is trading at $0.0121. It battling resistance from a long-term descending trendline as well as the 50 SMA in the 2-hour range. Moreover, the 100 SMA is above the 50 SMA, signaling a stronger bearish grip. Consequently, the RSI has retreated into the oversold region, reminiscent of the selling activities threating to break the support at $0.0120. It is essential that that buyers guard the channel support at all costs otherwise a breakdown to $0.0100 seems imminent in the coming sessions. TRX/USD 2-hour chart FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next Asian stock market: IMF’s warning adds strength to risk aversion FX Street 2 years Tron price battles resistance at two-month descending trendline. The channel support is place to prevent possible breakdown to $0.0100 tentative support area. The Tron community is gradually getting accustomed to drab price actions following the massive in March following the Coronavirus triggered selloff in both the cryptocurrency market and the traditional markets such as stocks and commodities. Amidst the minor price actions, TRX/USD has been able to nurture an uptrend within an ascending channel. However, recovery lost its mojo at $0.0140 giving way to the ongoing retracement. In the meantime, TRX/USD is trading at $0.0121. It battling resistance from a… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
