RATE Group | Tron must defend falling channel, Bitcoin Loses $8,000 Support
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Tron must defend falling channel, Bitcoin Loses $8,000 Support

24 Nov Tron must defend falling channel, Bitcoin Loses $8,000 Support

Posted at 09:33h in Cryptocurrency News by

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Tron price analysis: TRX/USD must defend the falling channel

Tron is disintegrating within a falling wedge pattern. The declines come after a failed attempt to rise above the resistance at $0.023. A lower high and lower low pattern has been the norm in the last three weeks. Possible support areas have been shuttered to the extent of TRX testing the key support at $23.6% Fib resistance level taken between the last swing high of $0.0230 and a swing low of $0.0137.

The 4-hour chart clearly shows that the bears are in control. The Relative Strength Index is back below 30 after a failed attempt to push TRX above $0.0170. If the RSI continues to explore lower oversold levels, TRX could shutter the channel support. Read more…

trxusd tron chart

Bitcoin Price Loses $8,000 Support

Bitcoin (BTC) fell below $8,000 on Nov. 21, after several days of downward price pressure finally cost the cryptocurrency a major support level.

Data from Coin360 showed BTC/USD finally reentering the…

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