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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.
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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