Tron Technical Analysis: TRX Reverses Crucial Level From Positive To Negative
Daily TRON TRX Price Forecast
- 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
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
Tron Price Is Expected To Reach These Levels
The Tron price must retake the $0.090 psychological level to prevent a further downward trend.