š Technical Analysis ā TRX/USDT (1h)
š Visual Summary of the Chart
Fibonacci drawn from the low of ~0.3196 to the high of ~0.3480.
The price corrected to the 0.5 Fibonacci zone (~0.3354), and finds support slightly above the EMA 21.
The VWAP (white line) is above the current price, indicating slight selling pressure in the short term.
š Technical Indicators
š¹ Stoch RSI
In the oversold region, with a crossover nearby ā may signal a short-term reversal.
Current value: ~18.42 ā Potential for buying impulse, depending on volume.
š¹ MACD
Lines still above the zero line, but starting to lose strength.
Histogram weakening ā may be preparing for a bearish crossover if there is no buying reaction.
š§± Relevant Levels
Strong support: 0.3345ā0.3317 (region between 0.5 and 0.618 of Fibo + volume profile).
Immediate resistance: 0.3391 (0.382 Fibo) and VWAP (0.3409).
Major resistance: 0.3438ā0.3464 (recent top zone).
š Strategic Interpretation
The current scenario is a healthy pullback after a strong rally.
If it holds above the EMA 21 and RSI crosses upward, it may seek again 0.3430+.
Losing the zone of 0.3317 with volume = risk of returning to the POC (point of control) at 0.3214.
ā Final Summary
TRX had an expressive rally and is now undergoing a technical correction. It still maintains an upward structure as long as it holds above 0.3317. RSI suggests potential for reversal, but confirmation via volume is essential.