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 bullish breakout above cloud and 110-EMA, next bull target 200-DMA (0.023497) - EconoTimes)
TRX/USD chart - Trading View
Exchange - Coinbase
Support: 0.018670 (110-EMA); Resistance: 0.023497 (200-DMA)
Technical Analysis: Bias Bullish
TRX/USD has sealed upside with bullish breakout above 110-EMA and daily cloud.
The pair has hit 12-week highs at 0.022100 (highest since Aug 9th) before paring some gains to trade at 0.020159 at 08:30 GMT.
Bias has turned bullish with the pair confirming breakout above 110-EMA and daily cloud.
Momentum studies are bullish, RSI is sharply higher and volatility is rising as shown bu widening Bollinger bands.
Next bull target lies at 200-DMA at 0.023497. Breakout above confirms further gains.
Immediate support lies at 110-EMA at 0.018670. Retrace below daily cloud negates bullish bias.
