InvestingScope

Consolidation but still bearish within the 1W Channel Down.

Short
BITFINEX:TRXUSD   TRON
TRXUSD has remained flat since the last update, on three straight flat 1D candles that are trading sideways within a strong Triangle pattern (RSI = 50.876, Williams = -54.910, CCi = 21.2477, Highs/Lows = 0.0000). Despite this neutral short term momentum, 1W remains a Channel Down (MACD = -0.006, Highs/Lows = -0.0018, B/BP = -0.0140) close to its Lower High limit. We remain short on TRON with TP = 0.01410 (December 16, 2017 low).

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