TRXUSD bounce?

2 ago 2018

The price seems to have moved above the resistance level of the descending wedge, the price did not have enough strength to make any real significant gains, it moved back down and looks like it is testing the previously broken resistance. If this level acts as a level of support it is very likely we could see significant bullish gains, also if the price moves up from here we could see the price also rejected a previous support level (red rectangle). We could see the price move up to highs of 0.5 if the price gains momentum and starts to move up from here, the RSI is in favour of a bullish move as it is currently at an oversold level, as the price reaches these critical support levels. I believe the price for this pair is going to move up, I will keep this post updated.