#TRBUSDT 1D Overview

Price is currently at $90.48, displaying fluctuations within the range of $88.40 to $91.63.

Volume is experiencing substantial activity with 502,663, reflecting high market participation.

ATR is notably high at 13.3027, indicating significant volatility.

TECHNICALS:

• OBV shows a consistent increase, reaching 10.5 M, suggesting ongoing buying pressure.

• RSI is hovering around 47.09, indicating a neutral to slightly bearish stance.

• MFI remains stable at 43.63, implying a balanced flow of money.

• CCI sits at -61.38, reflecting a bearish sentiment but not in oversold territory.

• WR% indicates slightly oversold conditions with -36.31.

MOMENTUM:

• SMA suggests a bearish bias with the price below it.

• ADI has bearish sentiment as -DI is greater than +DI.

• MACD reflects a bearish market.

• PSAR aligns with a bullish sentiment.

Support: $81.95, $86.33

Resistance: $90.95, $100.03, $105.03, $110.90, $114.99, $128.10, $140.64

DIVERGENCES:

Bullish divergence is shown in its RSI indicating a potential reversal in the bearish trend. Other indicators do not show significant divergences, and volume trends do not confirm a clear trend.

OVERALL CHART BIAS:

I’ve spotted a bullish ABCD pattern, and its current drop does not yet meet my point for the harmonic D-leg formation if I were to focus on this confluence. This harmonic would require $TRB to revisit the $50-60 zone.

Currently, its market has somehow bounced as it previously broke out of the VAL and managed to reenter it now. It makes this point a lot more critical of whether the retest on the VAL would be successful or rejected and send it deeper.

Considering the mixed signals from various indicators, my overall chart bias for $TRB’s 1D frame is somewhat uncertain.