The channel support has been tested severally amid the declines from $0.0230. Bullish efforts have been thwarted at $0.0170 culminating in loses likely to taste $0.0160. Tron is disintegrating within a falling wedge pattern. The declines come after a failed attempt to rise above the resistance at $0.023. A lower high and lower low pattern has been the norm in the last three weeks. Possible support areas have been shuttered to the extent of TRX testing the key support at $23.6% Fib resistance level taken between the last swing high of $0.0230 and a swing low of $0.0137. The 4-hour chart clearly shows that the bears are in control. The Relative Strength Index is back below 30 after a failed attempt to push TRX above $0.0170. If the RSI continues to explore lower oversold levels, TRX could shutter the channel support. For now, the best the bulls can do is to defend the channel support by pulling the price above $0.0170. If push comes to shove and the channel support is broken, the 23.6% Fib level will come in handy. The next support target is at $0.0140. 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 IMF’s Georgieva: We should move from trade truce to trade peace FX Street 3 years The channel support has been tested severally amid the declines from $0.0230. Bullish efforts have been thwarted at $0.0170 culminating in loses likely to taste $0.0160. Tron is disintegrating within a falling wedge pattern. The declines come after a failed attempt to rise above the resistance at $0.023. A lower high and lower low pattern has been the norm in the last three weeks. Possible support areas have been shuttered to the extent of TRX testing the key support at $23.6% Fib resistance level taken between the last swing high of $0.0230 and a swing low of $0.0137. The 4-hour… 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.
