Let's take a look at TRON vs TetherUS (TRXUSDT) on the daily timeframe, the bears are now taking control of this chart.
TRXUSDT was looking strong while trading above MA200 (black line).
It was consolidating sideways (red rectangle) and suddenly dropped breaking all support.
Prices dropped below MA200, EMA10, and finally closed the day yesterday below EMA50/EMA100.
Now that prices are below these lines, we take it as a signal that the bears are gaining the upper hand.
Prices can easily drop some more here.
This is not financial advice.
Namaste.
TRXUSDT was looking strong while trading above MA200 (black line).
It was consolidating sideways (red rectangle) and suddenly dropped breaking all support.
Prices dropped below MA200, EMA10, and finally closed the day yesterday below EMA50/EMA100.
Now that prices are below these lines, we take it as a signal that the bears are gaining the upper hand.
Prices can easily drop some more here.
This is not financial advice.
Namaste.
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