TRX / USD Medium-term trend: Bearish
Supply Zones: $ 0.02800, $ 0.02900, $ 0.03000
Demand Zones: $ 0.01900 $ 0.01800, $ 0.01700
TRX has a medium term bearish trend. The cryptocurrency had fallen to $ 0.02142 in the demand area before the close of yesterday's trading session due to strong downward pressure from double-up training at $ 0.02727 in the supply area.
The 4-hour spark plug at $ 0.02146 was lower bearish price at $ 0.02011 in the demand area.
The price is forming a big letter M with strong downward pressure to keep going down to $ 0.01901 in the demand area. The formation of a doji in the demand area could result in a lower bullish rise, but this could be short in increasing the bearish number.
TRX / USD Short-term trend: Bearish
The cryptocurrency is in a bearish in its short-term perspective. $ 0.02157 was the lowest minimum of the currency made before the trading session ended yesterday.
A new lower minimum of $ 0.02011 in the demand area has been reached while the downward momentum increases.
The general perspective of Tron is bearish and new bass can be achieved when bears increase their pressure on cryptocurrency.
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