Tron (TRX) Daily Price Forecast – October 25th

TRX / USD Medium-term trend: variable

Supply areas: $ 0.02800, $ 0.02900, $ 0.03000
Required areas: $ 0.01700, $ 0.01600, $ 0.01500

TRX continues on a market with a medium-term perspective. The sharp downward pressure of the downward railway gravestone at $ 0.02412 dropped TRXUSD to $ 0.02364 in the demand area with the candle closing like a bearish hammer before yesterday's market closed .

The 4-hour spark plug further confirmed the full bear acquisition as TRXUSD was made to 2339 in the required area. The price is lower than the two EMAs and the stochastic oscillator is in the region of oversold at 19% and its signal decreases, which implies a further downward movement due to the pressure of the bears with respect to the interval .

TRX is in the process of consolidation and trading between $ 0.02552 in the upper bidding area and $ 0.02330 in the lower demand area of ​​the segment. A breakout may occur in the upper refueling area or a failure in the lower area, so you need to be patient to allow this to happen before a position is taking a good reversal candle as confirmation.

Short-term trend TRX / USD: bearish

Cryptocurrency has a downward trend in its short-term prospects. The downward pressure from the railroad at $ 0.02417 in the refueling area continued to push the cryptocurrency southward with a minimum of $ 0.02371 in the demand area before the end of yesterday's trading session .

The downward momentum continued after today's opening with the 1-hour downwardly lit candle, while TRXUSD dropped to $ 0.02339 in the demand area.

The price is lower than the two EMAs and they are separated in a fan that connotes the strength in the context of the trend and in this case the downward trend.

The stochastic oscillator is in the 10% oversold region and its signal points down, indicating a downward movement in prices due to short term bear pressure.
$ 0.02272 in the requested area can be retested by the bears.

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