TRON / Dollar intraday: below its lower Bollinger band

Our pivot point stands at 0.2891.

Our preference: under pressure below 0.2891.

Alternative scenario: above 0.2891, look for 0.2921 and 0.2939.

Comment: the RSI is below its neutrality area at 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price stands below its 20 and 50 period moving average (respectively at 0.2875 and 0.2871). Finally, the TRON / Dollar has penetrated its lower Bollinger band (0.2869).

Supports and resistances:

0.2939 **

0.2921 *

0.2891 **

0.2880

0.2867 last

0.2832

0.2814 **