Tron (TRX) Daily Price Forecast – 3 September

  Tron announces TronWallet for TRX coin storage planned for release this week

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 and do not constitute financial advice. Always do your research.

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