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Weekly forecast TRX technical chart
Symbol TRXUSD

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Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (0.01510 to 0.01200). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

While the price is below the level 0.0186, the probability of beginning of uptrend is too weak, so we would enter the market with buy trades based on Daily-Trading-Opportunities and a day close price above 0.0186 and expect to reach short-term targets.

  • Beginning of entry zone (0.01510)
    • Support on 08/28/2019
    • Support on 08/29/2019
    • Support on 08/30/2019
    • Support on 08/31/2019
    • Support on 09/01/2019
    • Support on 09/02/2019
    • Resistance on 09/06/2019
    • Resistance on 09/12/2019
    • Support on 09/14/2019
    • Support on 09/16/2019
    • Resistance on 09/30/2019
    • Resistance on 10/01/2019
    • Resistance on 10/05/2019
    • Resistance on 10/06/2019
    • Support on 10/15/2019
    • Support on 10/18/2019
    • Support on 10/19/2019
    • Support on 10/20/2019
    • Support on 10/21/2019
    • Support on 10/22/2019
    • Resistance on 10/24/2019
    • Support on 11/21/2019
    • Support on 11/27/2019
    • Support on 11/30/2019
    • Support on 12/01/2019
    • Support on 12/02/2019
    • Support on 12/03/2019
    • Resistance on 12/23/2019
    • Resistance on 01/12/2020
    • Resistance on 01/13/2020
  • Ending of entry zone (0.01200)
    • Support on 09/24/2019
    • Support on 09/25/2019
    • Support on 09/26/2019
    • Support on 12/18/2019

DateSun, 01/26/2020 - 18:04
Currentrange bound
Forecastbeginning of uptrend
Last weekBearish

Midterm forecast:

  • While the price is above the support 0.01100, beginning of uptrend is expected.
  • We make sure when the resistance at 0.02290 breaks.
  • If the support at 0.01100 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • There is a divergence in RSI and price between the trough at 0.01585 on 2019-08-15 and the trough at 0.0117 on 2019-09-24, the probability of downtrend continuation is decreased and the probability of beginning of uptrend is increased.
  • A peak is formed in daily chart at 0.01805 on 01/18/2020, so more losses to support(s) 0.01510, 0.01200 and minimum to Major Support (0.01100) is expected.
  • Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  • Relative strength index (RSI) is 57.

Take Profits:

  1. 0.02290
  2. 0.03210
  3. 0.04045
  4. 0.05570
  5. 0.06625
  6. 0.08120
  7. 0.10040
Click on the level to view price action history.

Symbol Released Current Forecast
TRX (TRXUSD) new Sun, 16 Feb 2020
TRX (TRXUSD) free Sun, 9 Feb 2020
TRX (TRXUSD) Sun, 2 Feb 2020
TRX (TRXUSD) Sun, 26 Jan 2020
TRX (TRXUSD) free Thu, 16 Jan 2020