Add as a preferred source on GoogleTRON Trades Near $0.33 as October Map Sets $0.322 Support
In the Oct. 14 snapshot, TRX was below its four listed daily moving averages. The October framework set $0.3400 resistance and a $0.3220-$0.3331 range for Oct. 14-20.
TRON (TRX) was at $0.32731 in the Oct. 14 snapshot, below its 20-, 50-, 100- and 200-day exponential moving averages (EMAs). The October framework marked support at $0.3220 and resistance at $0.3400.
The 200-day EMA stood at $0.32787. The 20-day EMA was $0.33339, the 50-day EMA was $0.33449 and the 100-day EMA was $0.33314.
TRX’s 14-day relative strength index (RSI) was 32.15, below its 43.30 signal average and near 30, a level often used to flag oversold readings. The RSI level alone does not signal a reversal.
For Oct. 14-20, the framework set a $0.3220-$0.3331 range and a $0.3260 target. A weekly close above $0.3331 would put $0.3400 in view; a daily close below $0.3220 would place $0.3150 in the downside scenario.
The levels differ from the Oct. 12 technical outlook, which marked support at $0.3276 and resistance at $0.3530.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.