Tron (TRX) Daily Price Forecast – 2 November

TRX / USD Medium-term trend: variable

Supply areas: $ 0.02800, $ 0.02900, $ 0.03000
Required areas: $ 0.01700, $ 0.01600, $ 0.01500

TRX is part of a medium-term market. Bearish pressure dropped TRXUSD to a minimum of $ 0.02209 in the demand area, while bullish pressure pushed the cryptocurrency to $ 0.02258 in the supply area, making it the day's highest day.

The 4-hour opening candle was a bullish candle at $ 0.02251. This supported the bullish momentum as TRXUSD rose to $ 0.02287 in the refueling area but shows exhaustion like the candle with a top wick that returns the bears. The price was down $ 0.02240 for the 10-EMA as a cryptocurrency interval.

TRXUSD is in the process of consolidation and trading between $ 0.02326 in the upper bidding area and $ 0.02200 in the lower demand area of ​​the segment. Traders should expect a break in the upper supply area or a failure in the lower demand area with a good build-up of inversion candles before taking a position.

TRX / USD Short-term trend: variable

The cryptocurrency is in consolidation in its short-term perspective. The bear press was weak and could not push the price to a reasonable level, but to $ 0.02209 in the demand area before the bulls.

Bullish pressure was also lost to $ 0.02287 in the supply area, although we had a bullish upside of an hour to $ 0.02244.

The price is lower than the two EMAs and the stochastic oscillator is at 25% and its signal points down, which suggests that the bear could push the price further down the inside. 39; interval in the short term

TRX is in the process of consolidation and trading between $ 0.02289 in the upper bidding area and $ 0.02202 in the lower demand area of ​​the segment. A breakout in the higher refueling area might suggest going a long way, while the breakdown in the low demand area could imply a short-circuit of the cryptocurrency. This should with good reverse candles as additional confirmation.

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