Tron (TRX) Daily Price Forecast – December 3rd

Medium-term TRX / USD trend: bearish

Supply areas: $ 0.02500, $ 0.02600, $ 0.02700
Application areas: $ 0.01000, $ 0.00900, $ 0.00800

TRX remains in a bearish trend in its medium-term outlook. The bullish retrace that ended November 30 on December 2 after TRXUSD rose to $ 0.01573 in the supply area. This is because this area was the 61.8 degree level, a trend inversion zone combined with the inverted closed hammer.

Bears are gradually pushing prices towards the south. $ 0.01420 in the application area was the minimum of cryptocurrency after a bearish opening with a large engulfing candle.

The price is lower than 10-EMA and at the Fibonacci diagonal an indication of the bear pressure coupled to the signal of the stochastic oscillator which indicates an indication of the downward movement of prices in the medium term. .

Short-term trend TRX / USD: bearish

The cryptocurrency is in bearish trend in its short-term perspective. The bullish upward trend towards the critical supply area saw strong resistance due to the downward pressure that pushed the cryptocurrency to $ 0.01484 in the area requested on December 2nd. The session ended yesterday with another push in the critical supply area at $ 0.01538.

The bear pressure, once again, pushed TRXUSD up to $ 0.01420 in the demand area today. The price is lower than the EMAs crossover indicating the presence of bears. $ 0.01250 in the demand area could be the goal of short-term bears.

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