The majority of the market is in a bearish trend, despite some classic rallies.
$TRX is no exception to the general trend.
For all timelines we see that the volumes are very low.
In 4H the MACD does not send any signals. RSI is above 0.2 but reverses to underbought. Ichi acts as a resistance. The signals are unclear but rather negative.
1D and 1H don't give us any more information.
Because of the low volumes, I rather see prices following the marked trend in orange, therefore a drop in prices.
The old support (blue line) won't hold up, I don't think.
We'll have to wait until the volumes return or a real fresh air on the bitcoin to change all that.
Careful.
