Trezor’s (TRB), has been trading at a strong price against Tether (USDT) over the past few days. BItcoin (BTC), Ethereum(ETH), and many other altcoins struggle to stay above key support areas after market bearish. The price of Trezor (TRB) has continued to maintain its bullish structure. Data from Binance
Prices for Trezor (TRB), The Weekly Chart
According to the chart, TRB prices fell by $10 each week. However, they rebounded and reached $40. This is a result of strong recovery indicators in the recent weeks.
TRB weekly candle closed with a bullish sentiment with the new week’s candle looking bullish with eyes set for the $60 mark.
As it attempts to maintain key support, the price has had difficulty gaining more momentum.
If the price of TRB on the weekly chart continues with this structure, it could quickly revisit $60 acting as a resistance to the price of TRB.
Weekly resistance for the price of TRB – $40, $60.
Weekly support for the price of TRB – $28.
Prices of Trezor on the Daily (1D), Chart
After successfully creating a bullish structure and finding support at $28, the TRB price found support. The support at $28 appears to be an area that is of interest in the daily charts.
TRB rose from support to reach $40, where it faced resistance.
TRB prices have formed an uptrend line that acts as a support.
TRB’s price must remain above the trendline. A break below this line invalidates its bullish structure.
As of the writing of this article, TRB’s price is at $40. That’s just below the Exponential Moving Average (EMA), 50/200, and $28 respectively.
Relative Strength Index for TRB price on daily chart is lower than 70. This indicates more buy bids.
Daily (1D) resistance for TRB price – $40.
Daily (1D) support for TRB price – $28, $24.
TRB On the Four-Hourly Chart
TRB continues to maintain its bullish structure, above and beyond the 50 EMA prices, which is $38. This support area acts as an area of interest.
The 200 EMA acts as a key support in the TRB price over the 4-hour timeframe.
TRB could lose the 50-200 EMA support zone, which is equivalent to $308 and $38 respectively. We may see TRB’s price retesting $21 to determine the best support area.
Four-Hourly (4H) resistance for TRB price – $40.
Four-Hourly (4H) support for TRB price – $38, $30.
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