Meet again with me Wahyu Nahrul, This time I want to make a brief technical analysis of a cryptocurrency chart, the analysis I made is based on my experience and knowledge.

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Alright, let's get straight into the discussion, Happy reading!!

Tron (TRX) Analysis

Today, February 01, 2024, I will try to analyze the price movement of Tron technically.

SOURCE: TradingView

If we look at the price movement of TRX in general, we can see that TRX is in a very deep bearish phase. We can see this in the pattern of TRX price movements in the chart above where the candlestick tends to move downwards if we look closely.

SOURCE: TradingView

This is also confirmed by the EMA Indicator with a Death Cross occurring between the 100 EMA and 200 EMA.

SOURCE: TradingView

The ADX Indicator also shows there is a Death Cross that occurs in the ADX indicator.

SOURCE: TradingView

Negative sentiment is also shown by the RSI indicator where the RSI line has moved at the bottom.

Disclaimer: