Tron price analysis (TRX) – 19 November

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/ Ultima / 2018/11 / tron-TRX-price-analysis-November-19 /

Tron price analysis (TRX) – 19 November

tron-trx money-analysis-Nov-19

TRX, TRXUSD, Cryptocompare graphTron Chart of TradingView

TRON Price Medium-term trend: bearish

Supply areas: $ 0.02500, $ 0.02600, $ 0.02700
Required zones: $ 0.01400, $ 0.01300, $ 0.01200

TRX remains in a bearish trend in its medium-term outlook. The dominance of the bear market was evident with the rejection of the bulls' comeback on November 18, when TRXUSD had risen to $ 0.01941 in the supply area and closed the session with a bearish railway. The big bearish engulfing candle at $ 0.01892 opened today's session while TRXUSD dropped initially to $ 0.01816.

The price is lower than the two EMAs and the EMAs are fan-separated suggesting strength in the context of the trend and in this case the downward trend. The stochastic oscillator is in the 12% oversold region and its signal points down, which implies a downward momentum in price.

Bears continue to dominate the market, but a minor descent to the trend line could occur during the descent.

Short-term trend TRX / USD: bearish

TRX, TRXUSD, Cryptocompare graphTron Chart of TradingView

Cryptocurrency has a downward trend in its short-term prospects. The formation of a bearish marubozu candle suggests further pressure from the bears. The price is lower than the two EMA crossovers with the stochastic oscillator in the oversold region at 4%. These suggest a further downward movement in prices in the short term, with bears staging a strong return to push the price to the south.

The opinions and opinions expressed here do not reflect that of CryptoGlobe.com and do not constitute financial advice. Always do your research

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