#TRXUSDT – Downward Trend 📉
On the weekly timeframe, it seems that the stock $TRX has reversed its direction from bullish to bearish. The green candle that appeared last week may be a lower high, especially if it closes this week down.
The price was rejected at the 0.5 Fibonacci level. Using Fibonacci extension, the bearish target is $0.22 (1.0 extension) - which is a strong previous support level.
The Relative Strength Index (RSI) shows a bearish divergence: the price recorded a higher high, while the RSI recorded a lower low ⚠️
TRXUSDT
Perp
0.29697
+0.31%