TRXBTC nearing support zone.

TRXBTC



trxbtc broke the trendline as seen earlier due to the head and shoulders pattern seen in the RSI and doing it's correction now.
The correction is seems to continue until it takes a support at 50 DMA currently seen at 452 satoshi. As of now it can bounce from 490 - 500 satoshi to 560 satoshi possibly extending gains to 583 satoshi. As the drop in price and time to take to drop increases during subsequent drops it is unlikely to move upwards (major gains ) of now.

The bears have to struggle a lot to push it below 50 DMA. If at all it happens. It's bad news for trxbtc as it can push it to and possibly below monthly lows.