. TRON Technical Analysis | Capital Street Fx

TRON Technical Analysis – 05 September 2022

05 Sep 2022

TRON Technical Analysis: Weekly Chart

TRON Technical Analysis

In the weekly charts, the TRON is trading in a down channel. TRON is currently trading below all SMA.

RSI is in the selling zone which indicates bearishness. MACD is currently below zero which indicates bearishness.

Its immediate support is 0.06100 & the resistance level is at 0.06400

TRON will trade in a down channel until there is a trend reversal.

TRON Technical Analysis: Daily Chart

TRON Technical Analysis

In the daily charts, the TRON is trading in a down channel. TRON is currently trading below all SMA.

RSI is in the selling zone which indicates bearishness. MACD is currently below zero which indicates bearishness.

Its immediate support is 0.0624 & the resistance level is at 0.0634

TRON will trade in a down channel until there is a trend reversal.   

How to Trade TRON this Week:

TRON will follow the downtrend until its trend reversal. So, remain bearish on TRON

TRADE SUGGESTION- SELL AT 0.06289, TAKE PROFIT AT 0.06240 AND STOP LOSS AT 0.06340