Tron (TRX) Price Watch: Waiting for a Breakout

Tron is still stuck in consolidation as it formed a symmetrical triangle on its 1-hour chart. Price is currently testing the triangle support and could be due for a bounce back to the resistance at 0.07000.
However, the 100 SMA is below the longer-term 200 SMA to signal that the path of least resistance is to the downside. In other words, support is more likely to break than to hold. The chart pattern spans 0.06000 to 0.08000 so the resulting selloff could be of the same height.
RSI is turning h