TRBUSDT is currently showing a neutral technical rating, with oscillators indicating a neutral to buy signal and moving averages suggesting a strong sell signal.
However, some analysts believe that TRB is in an ascending triangle, which could indicate a price increase.
Key Levels to Watch:
- Primary Support: The breakout level, which is now acting as support
- Primary Resistance: The upper trend line of the ascending triangle
Technical Analysis:
The Relative Strength Index (RSI) is neutral, while the MACD Level is indicating a potential bullish crossover ¹. Some experts predict a potential target price of $135.5, with a stop-loss below $41.46.
Trade Ideas:
- Long Position: Entry price at $43-50, with targets at $76.90, $105.5, and $135.5
- Short Position: Wait for the breakout of the triangle to decide the direction
Keep in mind that cryptocurrency markets are highly volatile, and analysis is subject to change. Always do your own research and consider multiple sources before making investment decisions. For more information, you can check outBITGET and other reputable sources.
