Tron (TRX) Daily Price Forecast – 6 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. $ 0.02409 in the supply area was the highest that the bulls could take yesterday in the cryptocurrency after a fall to $ 0.02337 in the demand area earlier in the day from the bears.

The bulls had a brief impact on TRX early this morning, when the 4-hour opening rose to $ 0.02416 in the refueling area, before closing like a downturned upturned hammer.

The price is higher than the two EMAs and the stochastic oscillator is in the overbought region at 83% and its signal indicates that the bulls could still have control of the range.

TRXUSD is in the process of consolidation and trading between $ 0.02439 in the upper bidding area and $ 0.02320 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. After leaving the TRXUSD to a minimum lower to $ 0.02337 in the area required, the momentum of the bears. The bulls remained steady until this morning, after pushing prices up to $ 0.02416 in the refueling area and were rejected for a further upward movement.

The price is below 10-EMA at $ 0.02380 in the demand area, and the stochastic oscillator signal points to 41% for an indication of bears in the segment.

TRX is in the process of consolidation and trading between $ 0.02418 in the upper bidding area and $ 0.02323 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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