Doji reversal seen in trxbtc

TRXBTC


trxbtc sees a doji reversal with overbought conditions in daily chart. Could mean the rally has ended for short term. 4 hours chart shows RSI with head and shoulders and now at neckline resistance. If trxbtc is able to break down the neckline resistance it will break the ascending trendline and immediate support is at 490 satoshi.



with trxusd has inverted head and shoulders pattern and failed to break above the neckline resistance. RSI is also bearish biased in the TRXUSD daily chart showing potential drop in prices. Please note that the ascending trendline from march 18 in trxusd has broken down.

The only favourable thing is trxbtc has not broken the ascending trend line from march 18. Let's see how it goes.