TRB Price Prediction: Could the Uptrend Be Over? Is the Target $37?

  • On the hourly chart of TRB, the range between $52.90 and $54.27 appears as a significant resistance level. Breaking above this level could serve as a confirmation signal for short positions.
  • If TRB moves downward from this level, the initial target seems to be $47.49. Closures below this level could strengthen the bearish trend.
  • Long-term investors should be cautious about seeing hourly closures above $54.72.

TRB has entered a bearish trend after rising from $43.36. It is speculated that if it fails to close daily above $56.11, the price could decline further. Therefore, investors should plan their trading strategies while considering support levels.

Mid-Term TRB Price Analysis

8 Hour TRB/USD Price Chart
8 Hour TRB/USD Price Chart

When looking at TRB’s current technical chart, it can be observed that after a candle closing below the $46.67 level, it rebounded from $43.36 and surged up to $54.70. However, TRB’s upward trend has now turned into a downtrend at these levels.

If TRB’s price doesn’t manage to achieve daily closings above $56.11, it may initiate a downward trend, targeting first the $48.28 level, and then potentially moving towards $43.26. Therefore, TRB investors should reconsider their long-term investments if the $54.70 level can’t be breached.

If TRB’s price closes daily below the $43.36 support, it could extend the downtrend to the $37 – $34 support range. Coinotag analysts anticipate TRB to reenter an upward trend from this support range. However, if TRB’s price closes below $34, it could deepen the downtrend to the $27.33 level.

SHORT-TERM TRB ANALYSIS

1-Hour TRB/USD Price Chart
1-Hour TRB/USD Price Chart

TRB’nin saatlik teknik grafiğini incelediğimizde, dikkat çeken önemli bir direnç bölgesi olan 52.90$ – 54.27$ aralığını gözlemliyoruz. Eğer TRB fiyatı bu direnç aralığına yükselirse, 52.90$ seviyesinin üzerinde bir saatlik mum kapanışı görmek, short işlemleri için bir onay sinyali olarak kabul edilebilir.

Ancak TRB fiyatı bu seviyeden aşağı yönlü bir düşüş başlatırsa, ilk kar alınabilecek seviye olarak 47.49$ seviyesini göz önünde bulundurmalıyız. TRB fiyatı 47.49 doların altında saatlik bazda kapanış yaparsa, düşüş trendini 39.49$ seviyesine doğru derinleştirebilir.

Bu nedenle TRB yatırımcıları, 54.72 dolar seviyesinin üzerinde saatlik bazda mum kapanışları görmeyi beklemeksizin uzun işlemlerde dikkatli olmalıdır.

Don't forget to enable notifications for our Twitter account and Telegram channel to stay informed about the latest cryptocurrency news.

BREAKING NEWS

Binance to Launch New Trading Pairs Including XLM on December 4, 2024

On December 3rd, COINOTAG News reported that Binance is...

Binance Futures Expands Copy Trading with New U Futures Contracts: 1000WHYUSDT, 1000CHEEMSUSDT, and More

Binance Futures continues to expand its offerings, enhancing trading...

Binance Futures Increases BFUSD Holding Limits for Users Starting December 3, 2024

On December 3, 2024, Binance Futures implemented a significant...

Bitcoin’s December Outlook: Aiming for $110,000 Amidst Historical Trends and Seasonal Strength

According to a recent report from Matrixport, as of...

ETH Whale Achieves 83.3% Swing Trading Success Rate: Profits from Recent Sale of 1434 WETH

On December 3rd, COINOTAG reported significant activity from a...
spot_imgspot_imgspot_img

Related Articles

spot_imgspot_imgspot_imgspot_img

Popular Categories

spot_imgspot_imgspot_img