$TRB 🚀 Analysis of TRB (Tellor) Currency – 4-Hour Frame
The TRB currency, after a strong decline, reached a strong support area at $19.34 and began to show light green rebound candles, with a slight rise in the RSI indicator that exited the oversold area, indicating the possibility of a temporary rebound or a short upward wave.
📊 Important Indicators:
RSI at 22 → was in oversold territory and is now showing a rebound.
MACD is still negative but approaching a bullish crossover.
The price is trading below the EMA averages that act as resistances (continuous downward pressure).
⚠️ The overall trend is downward, but there is a chance of a rebound from the current support.
🎯 Main Support:
$19.34 (strongest support currently – breaking it causes a new decline)
🎯 Upward Targets (if the rebound continues):
First target: $21.70 (touching EMA7 and EMA25)
Second target: $23.30 (strong resistance + EMA25)
Third target: $24.80 (EMA99 – significant reversal area)
🎯 Long-term target in case of full reversal:
$27.80
⚠️ Important Alert:
Any break of the $19.34 level could bring the price back to $18.60.
Capital management is the most important thing right now because the overall trend is downward.
#TRB #CryptoAnalysis #Binance