#TRUMP Support and Resistance
Today’s chart is looking interesting:
The current price is 0.934, down 11.3% in 24 hours. It has dropped straight to around the lower Bollinger Band at 0.934, with the 7-day low of 0.896 not far below.
The 14-day RSI is just 21, putting it in oversold territory. But the MACD is still below the zero line with a bearish crossover, and both MA7 at 0.984 and MA25 at 1.073 are overhead. The bearish alignment remains unchanged.
Today’s drop also came with increased volume, which rose to around $135 million—clearly higher than the roughly $90 million seen over the past few days.
The first hurdle above is 1.058, which is both the middle Bollinger Band and the 24-hour high. Beyond that, watch 1.12 and 1.20.
If 0.896 holds, the price may consolidate here for a bit, with an initial rebound target of 1.058. But if 0.896 fails to hold, there isn’t much in the way of established support below.
$TRUMP
Today’s chart is looking interesting:
The current price is 0.934, down 11.3% in 24 hours. It has dropped straight to around the lower Bollinger Band at 0.934, with the 7-day low of 0.896 not far below.
The 14-day RSI is just 21, putting it in oversold territory. But the MACD is still below the zero line with a bearish crossover, and both MA7 at 0.984 and MA25 at 1.073 are overhead. The bearish alignment remains unchanged.
Today’s drop also came with increased volume, which rose to around $135 million—clearly higher than the roughly $90 million seen over the past few days.
The first hurdle above is 1.058, which is both the middle Bollinger Band and the 24-hour high. Beyond that, watch 1.12 and 1.20.
If 0.896 holds, the price may consolidate here for a bit, with an initial rebound target of 1.058. But if 0.896 fails to hold, there isn’t much in the way of established support below.
$TRUMP
