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TRX / USD Medium-Term Trend: Bullish
Supply Zones : $ 0.02800, $ 0.02900, $ 0.03000
Demand Zones: $ 0.01700, $ 0.01600, $ 0.01500
TRX is in an uptrend in its mid-term perspective term.The strong bullish pressure of $ 0.01820 in the demand area was sustained after the bearish withdrawal from $ 0.02018 in the supply area to $ 0.01860 in the demand area [19659004] The price is higher than the two EMAs and the stochastic oscillator is in the overbought region at 81% with the upside-down signal, which implies an upward movement in prices due to the medium-term pressure
TRX offers a good head and shoulder performance with the complete completion of the right shoulder.The journey to the top can take place with the initial goal of t ori to $ 0.02200
. TRX / USD Short-term trend: Ranging
The cryptocurrency is in consolidation. In its short-term outl ook. Downward pressure from spinning formation in the bidding area to $ 0.02018 initially pushed the price to $ 0.01894.
Further shift to $ 0.01860 in the demand area occurred while the bears claim a return after bullish withdrawal.
A bullish candle of $ 0.01870 pushed the TRX to $ 0.01999 in the supply area beyond the crossover of the two EMAs.
The cryptocurrency is in consolidation and trades between $ 0.02030 in the upper bidding area and $ 0.01916 in the lower demand area of the range. A breakout may occur in the upper supply area or a break in the lower demand area, before the operators are patient before taking a position.
The opinions and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your research.
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