# Crypto Technicals: TRON (TRX) set to extend recovery from 9-month lows

By Anupama Grandhi

Canonical URL: https://www.tokenpost.com/news/investing/3364
Published: 2019-09-10T09:48:53.000Z
Updated: 2019-09-10T09:48:53.000Z
Section: Investing

> Support: 0.0154 (5-DMA); Resistance: 0.0164 (21-EMA)

[TRX/USD](<https://www.tradingview.com/symbols/TRXUSD/>) chart - Trading View

Exchange - Bitfinex

Support: 0.0154 (5-DMA); Resistance: 0.0164 (21-EMA)

Technical Analysis: Bias turning slightly bullish

TRON (TRX) is extending recovery from 9-month lows at 0.0139, scope for further upside.

TRX/USD was trading 0.79% higher on the day at 0.0159 at  09:20 GMT, slightly lower from session highs at 0.0161.

The pair has ignored doji formation in the previous session's candle and is holding above 5-DMA support.

Stochs and RSI have rolled over from oversold levels and bullish divergence raises scope for upside.

The pair is consolidating break above 200H SMA. 21-EMA is immediate resistance at 0.0164. Break above will see gains till 55-EMA at 0.0196.

On the flipside, 5-DMA is immediate support at 0.0154. Break below will see resumption of weakness.

[TokenPost](<https://www.tokenpost.com/>) | info@tokenpost.com



## Links in this article

- [TRX/USD](https://www.tradingview.com/symbols/TRXUSD/)
- [TokenPost](https://www.tokenpost.com)