#TRB/USDT(spot)

1. Bollinger Bands (BOLL):

• Upper border (UP): $66.73, middle line (MB): $57.57, lower border (DN): $48.40.

• The price is approaching the middle line, which indicates consolidation. Growth to $66.73 is possible upon breakout.

2. MACD:

• DIF: -3.54, DEA: -3.05, the histogram is negative, which indicates a bearish market sentiment.

• However, the proximity of DIF and DEA indicates a possible intersection, which can give a bullish signal.

3. RSI:

• RSI (6): 34, indicates oversold.

• RSI (24): 40.66, also closer to the oversold zone, which may indicate a potential upward correction.

4. Stochastic RSI:

• Low readings (11.07), confirming oversold conditions. A rebound is likely.

5. Resistance and Support Levels:

• Resistances: $57.57 (middle Bollinger line), $75.18.

• Supports: $48.40 (lower Bollinger line), $21.75.

Recommendation:

• Close above $57.57 will confirm the bullish signal.

2. Long-Term Strategy:

• Breakout of $75.18 will open the way to $100 and above.

• Breakout of $48.40 should lead to further decline.

3. Risks:

• Bearish trend is confirmed by the sloping resistance line. Be cautious if the price fails to break through key levels.