TRX (Tron) Analysis 7/23 TRX-USD

TRX/USD has not quite reached my target of $0,028. At Flat-Fibonacci 88.6 was over. The low was marked with approx. $0.31. But what is not, can still become.

Currently there is no all-clear from the bear market. After all, no new trend has yet developed. That would be untypical, too. It is much more likely, and it looks as if the strong downward movement will now be followed by a trend-free consolidating sideways phase.

The screenshot shows the possible trading range with the two red colored boxes. Only when these two price levels have been overcome on a daily basis can the market be re-examined according to trend developments in larger time units.
The maximum price target on the top I see in the range of $0.44 and on the bottom prices should offer support around $0.30.

This is NOT investment advice and does not require buying or selling. Every reader is aware of this and makes their own investment decision with their own understanding of risk management!

Cheers Jessy