$TRUMP D1 Technical Analysis

Currently at $11.15 (-0.27%) as of the posting, it is consolidating after major decline. Mature downtrend possibly forming base.

Price between EMAs. Flattening EMAs suggest consolidation.

Trading focused at 11.15−11.61, potential accumulation zone. Major volume during initial decline.

MACD in bearish territory with slight bearish momentum. Flattening lines suggest potential bullish crossover setup.

Lower fan lines tested, steeper ones broken. Diminishing downward pressure.

RESISTANCE:

• 11.61

• 12.13

• 18.86

SUPPORT:

• 11.06

• 7.14 (critical)

BULLISH IDEA:

Break above 11.61 will potentially send it to 12.13. Needs MACD crossover and Ninja Thread reversal.

BEARISH IDEA:

Break and sustained trade below 11.06 could further the fall towards 7.14. Watch bearish EMA alignment and Ninja Thread.