Tron extends the bearish leg towards $0.0140 in spite of the oversold conditions. The technical picture remains in a deplorable state further spelling doom for the bulls. Tron continues to suffer below the descending trendline resistance. The downtrend has been painful for the bulls as their effort to defend key support areas such as $0.018, $0.015 have ended up down the drain. TRX has extended the bearish leg to $0.01456 (November) low leaving the support target at $0.0140 untested. Meanwhile, the price is teetering at $0.01537 below the 50 SMA on the 4-hour chart and the 100 SMA at $0.0178 and $0.01865 respectively. The Relative Strength Index is stuck in the oversold. Tron continues to explore lower levels despite being oversold in the short term. The same bearish signals are emphasized by the Moving Average Convergence Divergence (MACD) currently at -0.000621. A minor bearish cross serves to cement the influence over the price. As long as the technical picture remains unchanged or worsens, TRX is likely to refresh lows at $0.0140. If push comes to shove, $0.01368 (October) will also be tested. TRX/USD 4-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 GBP/USD challenges 3-day downpour ahead of UK PMIs FX Street 3 years Tron extends the bearish leg towards $0.0140 in spite of the oversold conditions. The technical picture remains in a deplorable state further spelling doom for the bulls. Tron continues to suffer below the descending trendline resistance. The downtrend has been painful for the bulls as their effort to defend key support areas such as $0.018, $0.015 have ended up down the drain. TRX has extended the bearish leg to $0.01456 (November) low leaving the support target at $0.0140 untested. Meanwhile, the price is teetering at $0.01537 below the 50 SMA on the 4-hour chart and the 100 SMA at $0.0178… 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.
