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TRX / USD Medium-term trend: bullish
Supply Zones: $ 0.02800, $ 0.02900, $ 0, 03000
Demand Zones: $ 0.01900, $ 0.01800 $ 0.01700
TRX has a bullish trend in its medium-term perspective. The cryptocurrency is rising after a touch on the ascending line that has returned the bulls. The price has risen by $ 0.02787 in the refueling area until the exhaustion. The bears returned and pushed the currency into a critical area of demand at $ 0.02354.
A return to $ 0.02721 in the bidding area created double-tier loss bullish formation. As a result, the bears dropped the coin to $ 0.02445 in the demand area.
This should be seen as a retreat for market correction before the continuation of the upward trend. Moreover, the 50-day EMA is seen as a strong support for the bullish return and this can be repeated when the price is around.
So a bullish return is very likely and the cryptocurrency journey to the north could resume.
Short-term trend TRX / USD: range
The cryptocurrency is going in its short-term perspective. The bullish pressure pushed the cryptocurrency to $ 0.02721 in supply over the crossover of the two EMAs.
The price has dropped to $ 0.02445 in the demand area below the two EMA crossovers as the currency goes into consolidation
.
TRX is varying and the formation of an overturned hammer coupled with a bearish engulfing candle. between $ 0.02707 in the upper supply area and $ 0.02341 in the lower demand area. Traders should be patented for a breakout in the top supply or breakdown in the lower demand area before taking a position.
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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