{"id":499319,"date":"2022-08-19T19:04:00","date_gmt":"2022-08-19T19:04:00","guid":{"rendered":"https:\/\/wncen.com\/?p=499319"},"modified":"2024-06-11T13:18:55","modified_gmt":"2024-06-11T13:18:55","slug":"ta-trezor-trb-holds-strong-above-40-will-the-crypto-pullback-affect-it","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ta-trezor-trb-holds-strong-above-40-will-the-crypto-pullback-affect-it\/","title":{"rendered":"TA- Trezor (TRB) Holds Strong Above $40, Will The Crypto Pullback Affect It?"},"content":{"rendered":"

The price of Trezor<\/a> (TRB) in the last few days has continued to look strong against Tether (USDT). B<\/span>itcoin (BTC), Ethereum (ETH), and other altcoins have struggled to hold above their key support zones after the market turned bearish. The price of Trezor (TRB)\u00a0 has continued to maintain its bullish structure. (Data from Binance)<\/span><\/p>\n

Related Reading: Bitcoin Price Short-Term Upswing In Peril As Bulls\u2019 Aggression Dies Down<\/a><\/strong><\/em><\/div>\n

Trezor (TRB) Price Analysis On The Weekly Chart<\/span><\/h2>\n
\"\"
Weekly TRB Price Chart | Source: TRBUSDT On Tradingview.com<\/a><\/figcaption><\/figure>\n

From the chart, the price of TRB saw a weekly low of $10, which bounced from that area and rallied to a price of $40 after showing great recovery signs in recent weeks.\u00a0<\/span><\/p>\n

TRB weekly candle closed with a bullish sentiment with the new week’s candle looking bullish with eyes set for the $60 mark.\u00a0<\/span><\/p>\n

The price has struggled to build more momentum as it tries to hold key support.<\/span><\/p>\n

If the price of TRB on the weekly chart continues with this structure, it could quickly revisit\u00a0 $60 acting as a resistance to the price of TRB.<\/span><\/p>\n

Weekly resistance for the price of TRB – $40, $60.<\/span><\/p>\n

Weekly support for the price of TRB – $28.<\/span><\/p>\n

Price Of Trezor On The Daily (1D) Chart<\/span><\/h2>\n
\"\"
Daily TRB Price Chart | Source: TRBUSDT On Tradingview.com<\/a><\/figcaption><\/figure>\n

The price of TRB found strong support at $28 above a trendline after successfully forming a bullish structure, the support at $28 seems to be an area of interest on the daily chart.<\/span><\/p>\n

TRB bounced from its support and rallied to $40 where it was faced with resistance.<\/span><\/p>\n

The price of TRB has formed an uptrend line acting as a support for the price of TRB.\u00a0<\/span><\/p>\n

The price of TRB needs to hold above this trendline, a break below it invalidates the bullish structure.<\/span><\/p>\n

At the point of writing, the price of TRB is at $40, just above the 50 and 200 Exponential Moving Average (EMA) which corresponds to prices at $28 and $24.<\/span><\/p>\n

The Relative Strength Index (RSI) for the price of TRB on the daily chart is below 70, indicating more buy bids.<\/span><\/p>\n

Daily (1D) resistance for TRB price – $40.<\/span><\/p>\n

Daily (1D) support for TRB price – $28, $24.<\/span><\/p>\n

Price Analysis Of TRB On The Four-Hourly (4H) Chart<\/span><\/h2>\n
\"\"
Four-Hourly TRB Price Chart | Source: TRBUSDT On Tradingview.com<\/a><\/figcaption><\/figure>\n

The price of TRB has continued to sustain its bullish structure above the 50 EMA price corresponding to $38 acting as support and area of interest.<\/span><\/p>\n

On the 4H timeframe, the 200 EMA is also acting as key support for the price of TRB.<\/span><\/p>\n

If TRB fails to hold the support region of 50 and 200 EMA which corresponds to $38 and 30$ we could see the price retesting the region of $21 as the next support area to hold the TRB price.<\/span><\/p>\n

Four-Hourly (4H) resistance for TRB price – $40.<\/span><\/p>\n

Four-Hourly (4H) support for TRB price – $38, $30.<\/span><\/p>\n

Related Reading: Bitcoin Price Declines Below 50-Day MA, Is A Recovery Expected?<\/a><\/strong><\/em><\/div>\n
Featured Image From ITPRO, Charts from TradingView.com <\/span><\/pre>\n","protected":false},"excerpt":{"rendered":"
The price of Trezor (TRB) in the last few days has continued to look strong against Tether (USDT). Bitcoin (BTC), Ethereum (ETH), and other altcoins have struggled to hold above their key support zones after the market turned bearish. The price of Trezor (TRB)\u00a0 has continued to maintain its bullish structure. (Data from Binance) Related Reading: Bitcoin Price Short-Term Upswing In Peril As Bulls\u2019 Aggression Dies Down Trezor (TRB) Price Analysis On The Weekly Chart From the chart, the price of TRB saw a weekly low of $10, which bounced from that area and rallied to a price of $40 after showing great recovery signs in recent weeks.\u00a0 TRB weekly candle closed with a bullish sentiment with the new week’s candle looking bullish with eyes set for the $60 mark.\u00a0 The price has struggled to build more momentum as it tries to hold key support. If the price of TRB on the weekly chart continues with this structure, it could quickly revisit\u00a0 $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. Price Of Trezor On The Daily (1D) Chart The price of TRB found strong support at $28 above a trendline after successfully forming a bullish structure, the support at $28 seems to be an area of interest on the daily chart. TRB bounced from its support and rallied to $40 where it was faced with resistance. The price of TRB has formed an uptrend line acting as a support for the price of TRB.\u00a0 The price of TRB needs to hold above this trendline, a break below it invalidates the bullish structure. At the point of writing, the price of TRB is at $40, just above the 50 and 200 Exponential Moving Average (EMA) which corresponds to prices at $28 and $24. The Relative Strength Index (RSI) for the price of TRB on the daily chart is below 70, indicating more buy bids. Daily (1D) resistance for TRB price – $40. Daily (1D) support for TRB price – $28, $24. Price Analysis Of TRB On The Four-Hourly (4H) Chart The price of TRB has continued to sustain its bullish structure above the 50 EMA price corresponding to $38 acting as support and area of interest. On the 4H timeframe, the 200 EMA is also acting as key support for the price of TRB. If TRB fails to hold the support region of 50 and 200 EMA which corresponds to $38 and 30$ we could see the price retesting the region of $21 as the next support area to hold the TRB price. Four-Hourly (4H) resistance for TRB price – $40. Four-Hourly (4H) support for TRB price – $38, $30. Related Reading: Bitcoin Price Declines Below 50-Day MA, Is A Recovery Expected? Featured Image From ITPRO, Charts from TradingView.com<\/p>\n","protected":false},"author":566,"featured_media":499332,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[86632,86631,86630],"class_list":["post-499319","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-trb-price","tag-trbusdt","tag-trezor-trb"],"acf":[],"yoast_head":"\nTA- Trezor (TRB) Holds Strong Above $40, Will The Crypto Pullback Affect It?<\/title>\n<meta name=\"description\" content=\"The price of Trezor (TRB) in the last few days has continued to look strong against Tether (USDT) with eyes set on $60 mark.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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