Tron (TRX) Daily Price Forecast – 6 December

TRX / USD Medium-term trend: bullish

Supply areas: $ 0.02500, $ 0.02600, $ 0.02700
Application areas: $ 0.01000, $ 0.00900, $ 0.00800

TRX returns to an uptrend in its medium-term prospects. The cryptocurrency is in a pretty bullish pennant with a breakout expected from the upper trendline after the upward movement that saw TRXUSD at $ 0.1484 in the supply area.

The bulls momentarily lost momentum to the bears and the cryptocurrency declined to $ 0.1396 in the required area before the end of yesterday's session.

The formation of a bullish rotation to signal the return of bulls as a price was up to $ 0.1460 in the supply area, after an initial decline to $ 0.1364 in the demand area earlier today. When the upward pressure becomes much stronger, a break from the triangle can occur.

$ 0.1700 in the supply area could be the initial goal of the bulls.

Short-term trend TRX / USD: bullish

Cryptocurrency has an upward trend in its short-term perspective. The cryptocurrency provides a double bottom or W pattern. Bear pressure was lost after TRXUSD sold $ 0.01364 in the demand area today.

The W right wing was formed while the bulls stage a return from the demand area with a candle that wraps around. TRXUSD was initially increased by $ 0.01458.

The price is above the two EMA crossovers an indication of the presence of bulls coupled to the 77% stochastic oscillator and the signal points towards the top. These suggest an upward momentum in the short-term price.

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