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Distribution territories: $ 0.017, $ 0.018, $ 0.019
Accumulation territories: $ 0.015, $ 0.013, $ 0.012
TRX / USD Medium-term trend: bullish
TRX / USD recorded a breakout from the medium-range area; The TRX was extended for several days to $ 0.013 and $ 0.012 levels until December 17, when the bulls gained enough momentum and pushed the coin above the upper range ($ 0.013). The TRX price reached the maximum of $ 0.017 after breaking the barrier to $ 0.015 price level. The further price increase was rejected by the bears, the price was postponed to retest the broken level as this is important on the trending market so as to give room for the continuation of the trend.
The 21-day EMA went through the 50-day EMA rise with coin trading above the two EMAs indicating that the bullish momentum on the TRX market is high and the bulls are in control of the TRX market. The period 14 of the relative resistance index exceeds the 70 levels which indicate towards the top indicate the purchase signal.
Since cryptography has completed the test, the TRX is likely to continue its upward movement. If the bulls break down the distribution territory of $ 0.017, TRX will have its resistance at $ 0.018.
Short-term trend TRX / USD: bullish
TRX is bullish on short-term prospects. The coin had a duration of over ten days and the two EMAs were connected to each other with the coin that was around the EMA as confirmation for the movement of variation of the 1 hour chart. The bulls gained momentum on December 17 and the price was rallied to the distribution territory of $ 0.017 after broken levels such as $ 0.013, $ 0.015. Currently, the TRX price has broken up the distribution territory by $ 0.017 in front of the $ 0.018 territory.
The TRX price is higher than the 21-day EMA and the 50-day EMA with the two well-separated EMAs the one from the other indicates that the bullish trend will likely continue to reach $ 0.018 as target.
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