Tron (TRX) Daily Price Forecast – 2 November

Tron (TRX) Election of the $ 2 billion Dollar Blockchain project: how will the fare be?

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.

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

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