Tron (TRX) Daily Price Forecast – 11 October

Medium-term TRX / USD trend: bearish

Supply Zones: $ 0.03000, $ 0.04000, $ 0.05000
Required areas: $ 0.01500, $ 0.01300, $ 0.01200

TRX is in a bearish trend in its medium-term perspective. The consequence of the strong recovery of bears after the bearish railroad of October 8th at $ 0.02780 is still ongoing. $ 0.02453 in the demand area was the starting point where the bears dropped the cryptocurrency before the loss of momentum.

The bullish retracement was short as the TRX earned $ 0.02581 in the supply area on October 10th. Today's 4-hour opening candle was a big bearish wreath candle. TRX initially fell to $ 0.02250 and subsequently to $ 0.02167 in the demand area.

The downward movement of cryptocurrency may continue in the medium term due to the increase in bearish momentum. This is informed by the stochastic oscillator in the oversold region at 9% and its signal points.

Furthermore, the price is below the two EMA's an indication of strong pressure from bears. $ 0.02000 in the demand area could be medium-term bear targets.

Short-term trend TRX / USD: bearish

Cryptocurrency has a downward trend in its short-term prospects. The formation of a doji at $ 0.02566 in the refueling area followed by a bearish candle while yesterday's session closes the turnaround of signals and the return of bears.

Bear pressure was strong at the start of today as TRX initially fell to $ 0.02250 and subsequently to $ 0.02167 in the demand area.

The stochastic oscillator is in the 17% oversold region and its signal points down, which implies a downward momentum in price. The journey south is very favored in the short term, but a slight return to 23.6 could occur before the downtrend continued.

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