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Gate ELSA Futures Trading Challenge is Now Live!
Share a 200,000 USDT Prize Pool
💰 Get 20 USDT for your first futures trade
🏆 Trade to share 160,000 USDT！
join now: https://www.gate.com/campaigns/3911
Announcement link: https://www.gate.com/announcements/article/49432
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Details: https://www.gate.com/announcements/article/47889
#TRXUSDT – Downtrend 📉
On the weekly timeframe, it appears that the $TRX stock has reversed from an uptrend to a downtrend. The green candle that appeared last week may be a lower high, especially if this week closes lower.
The price was rejected at the 0.5 Fibonacci level. Using Fibonacci extension, the downside target is $0.22 (extension 1.0) – a strong previous support level.
The Relative Strength Index (RSI) shows bearish divergence: the price made a higher high, while the RSI made a lower low ⚠️
#TRX
$TRX