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  • The RSI indicator has crept out of the oversold zone.
  • The Elliott Oscillator has had two green sessions following 10 consecutive red sessions.

TRX/USD daily chart

TRX/USD daily chart

TRX/USD went up slightly from $0.0101 to $0.01018 this Wednesday. In the process, it managed to string together a second straight bullish day wherein the price of the asset rose from $0.00965 to $0.0101, entering the $0.01-zone. The price is currently consolidating in a flag formation and hovering below the red Ichimoku cloud, SMA 200, SMA 50 and SMA 20 curves. The MACD shows decreasing bearish momentum, while the RSI indicator has managed to creep above the oversold territory. Finally, the Elliott Oscillator has had two green sessions following 10 consecutive red sessions.