📊 Technical Analysis - TRX/USDT (1D)
📉 Overall Trend:
TRX is consolidating below a descending trend line (descending triangle).
Indications of solid support in the regions marked by VPVR volume (visible volume profile).
📈 Moving Averages (EMA):
EMA 7: 0.23787 (immediate resistance).
EMA 14: 0.23863.
EMA 21: 0.24131.
EMA 50: 0.24131.
EMA 100: 0.23090 (close dynamic support).
EMA 200: 0.20465.
🔥 Conclusion: The price is oscillating below important resistances, indicating difficulties to the upside.
📉 Technical Indicators:
📊 Stochastic RSI:
81.39 (K) and 60.67 (D), in overbought. There may be a short-term correction.
📊 RSI (Relative Strength Index):
54.33, slightly inclined to the neutral zone, without indicating decisive strength.
📉 MACD:
Histogram indicating weakness to the upside, close to a bearish crossover.
🔍 Important Levels:
Strong support: 0.23344 - 0.23090.
Strong resistance: 0.24616 - 0.24131.
Downside target: 0.23090 - 0.20465.
Upside target: 0.24616 - 0.25000, if it breaks resistance.
🎯 Possible Scenarios:
📌 Bullish:
The price needs to break 0.24616 and consolidate above to start a possible rise.
Targets: 0.25000 and 0.26000.
📌 Bearish:
If it loses support at 0.23344, the price may test 0.23090 and 0.20465, with a risk of a sharper fall.
📢 Conclusion:
TRX is in a balance zone, with divergent technical signals.
RSI and Stochastic RSI indicate a possible correction, while MACD does not suggest significant strength for an immediate reversal.
Recommendation: Monitor the breakout of the trendline or support to confirm the next move.