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TRON: Price Analysis, Nov. 19

TRX/USD

TRON has broken down of the range it had been trading in since Aug. 8, which is a negative sign. It has resumed its downtrend that can push prices to the next support at $0.00844479 if the support at $0.01587681 breaks down.




TRX/USD




The RSI is deep in the oversold territory, which can result in a pullback. But with the 20-day EMA sloping down, the TRX/USD pair will face stiff resistance at $0.0183 and above at the moving averages. Our bearish view will be negated if the bulls quickly reverse prices within the next couple of days and sustain above $0.0183.

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