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TRON Price Analysis: TRX/USD consolidates below 0.020

  • TRON is trading almost 5% lower in another poor session for cryptocurrencies.
  • The chart has now moved into a downward structure and looks to be heading toward a support level.

TRX/USD 4-Hour Chart

TRON seems to be forming a classic downtrend at the moment. 

On the higher timeframes it could look like a deep retracement. 

On the 4-Hour chart below, the price has recently printed just below the previous wave low.

Now the next support could be 0.01818 and resistance is at the 0.020 level.

TRON Analysis

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