Tron Technical Analysis: TRX Reverses Crucial Level From Positive To Negative

Daily TRON TRX Price Forecast

Last Updated August 19th 2021
1 Min Read
  • Tron price has a hattrick of bearish days.
  • TRX could drop for three more sessions in the 4-hour chart as per the TD detector.

The Tron price had three bearish days wherein it dropped from $0.093 to $0.085, dropping below the $0.090 psychological level. During this drop, Tron flipped the crucial parabolic SAR from positive to negative.

Tron Price Had Previously Had 7 Straight Bullish Sessions

The Tron had seven straight bullish sessions between August 9 and August 15 during which TRX jumped from $0.072 to $0.093 The MACD indicates that the market sentiment is still positive despite the aforementioned drop.

Image: TRX/USD daily

TRX/USD daily chart 081921

In the 4-hour Tron price chart, since August 16, TRX has dropped from $0.096 to the $0.085 support wall. In the process, it flipped the 20-bar and 50-bar SMAs from support to resistance. As per the TD sequential detector, Tron could drop for three more sessions before flashing the bullish red-nine signal.

Image: TRX/USD 4-hour

TRX/USD 4-hour chart 081921

Tron Price Is Expected To Reach These Levels

The Tron price must retake the $0.090 psychological level to prevent a further downward trend.

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