TRX / USD Medium-Term Trend: Bearish
Supply Zones: $ 0.02800, $ 0.02900, $ 0.03000
Demand Zones: $ 0.01700, $ 0.01600, $ 0.01500
TRX continues its bearish medium-term outlook in a bearish trend. it was supported with the cryptocurrency up to $ 0.01871 in the requested area on September 8th.
The bulls recorded a return due to the formation of the morning stellar candles and the price rose by $ 0.02017 in the supply area above 10-EMA. high in the demand area As expected, the bear came back with a lager that swallowed a candle and dropped the coin initially at $ 0.01916.
The price is slightly higher than 10-EMA and less than 50-EMA. which are characteristics of a bear market, bears still have control and there may be new lower highs and lows
TRX / USD Short-term trend: range
Cryptocurrency enters consolidation in its short-term perspective. After a bearish run at $ 0.01871 in the demand area, the rejection of the further downward movement was seen making the bulls gradually gain momentum.
A larger bullish raised candle signals the acquisition of bulls. The price has reached $ 0.02017 in the supply area, while the cryptocurrency enters the interval.
TRX is varying and trading between $ 0.02072 in the upper bidding area and $ 0.01885 in the lower demand area of the segment. The breakout in the upper area or the failure in the lower area is imminent, so traders should be patient.
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