Trump Coin reversed from resistance zone
- Likely to fall to support level 4000.00
Trump Coin recently reversed down from the resistance zone located between the round resistance level 8.00 (former strong support from August) and the two multi-month resistance trendlines from July and May.
The downward reversal from this resistance zone created the daily Japanese candlesticks reversal pattern Bearish Engulfing.
Given the clear daily downtrend, Trump Coin can be expected to fall to the next round support level 7.00 (which stopped earlier impulse wave i in September).
- Likely to fall to support level 4000.00
Trump Coin recently reversed down from the resistance zone located between the round resistance level 8.00 (former strong support from August) and the two multi-month resistance trendlines from July and May.
The downward reversal from this resistance zone created the daily Japanese candlesticks reversal pattern Bearish Engulfing.
Given the clear daily downtrend, Trump Coin can be expected to fall to the next round support level 7.00 (which stopped earlier impulse wave i in September).
By the FxPro Analyst Team
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By the FxPro Analyst Team
Follow our dedicated Telegram channel t.me/fxpro for insightful market analysis and expert commentary.
Reach out to media.comments@fxpro.com for PR and media inquiries
Follow our dedicated Telegram channel t.me/fxpro for insightful market analysis and expert commentary.
Reach out to media.comments@fxpro.com for PR and media inquiries
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.