When all else think you fallin' $TRB, I enter a long and hold you LOL!💎

#TRBUSDT 1H quick update.

$TRB's 1H chart is currently trading at $110.95 with an ATR of 3.9836, indicating average volatility.

It failed to break the upper OB and push through its strong resistance resulting in the downfall, penetrating as much as its 62% key support level.

TECHNICALS:

• OBV shows positive trend from 100.4K to 193.0K, indicating increasing buying volume.

• RSI is in an uptrend, ranging from 41.05 to 55.98, suggesting a potential bullish sentiment building up.

• MFI values are also trending upwards, with the range from 29.40 to 40.62, indicating increasing buying pressure.

• CCI, while currently in the bearish territory at -80.86, has improved from -223.06, suggesting a possible weakening of the bearish momentum.

• WR% values have improved from -90.64 to -50.91, indicating a potential shift from oversold conditions to a more neutral zone.

• The ADX values are showing an increasing trend from 28.61 to 32.09, indicating the potential development of a stronger trend.

MOMENTUM:

• ADI is currently bearish, with -DI greater than +DI.

• The MACD is also bearish, suggesting a downward momentum.

• PSAR is bearish, indicating a downtrend.

SUPPORT AND RESISTANCE LEVELS:

Key support levels are at $98.20 and $101.90, while its resistance levels are situated at $120.84 and $125.20.

OVERALL MARKET BIAS:

On the 1H chart, market appears to be in a transitional phase. The RSI and MFI are trending upwards, which may indicate a potential bullish sentiment building up. Additionally, the increasing ADX values suggest the development of a stronger trend.

However, it's essential to consider that the price is currently below the SMA, and both the ADI and MACD indicators are bearish, indicating a downward bias.

A keen observation should also be done on the 75% key support level wherein a break could lead to the lower OB and for price to try mitigating it.