Tron (TRX) Daily Price Forecast – December 13th

Medium-term TRX / USD trend: bearish

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

TRX is a bearish trend in its medium-term perspective. The bull's upward retracement after falling from the 61.8 fib level ($ 0.01439) ended around the 50 fib level (0.01396) in the refueling area on December 12th.

Bears resumed their journey down before the end of yesterday with a price drop of $ 0.01355 with the formation of a downturned down hammer.

The 4-hour spark plug was bearish at $ 0.01356 and this supported bearish downward pressure at $ 0.01334. The price is around the two EMA and the signal of the stochastic oscillator drops to 48%. This suggests a further movement of downward prices in the medium term.

As bear pressure becomes much stronger, in the medium term a new test of $ 0.01110 can be performed in the demand area.

Short-term trend TRX / USD: bullish

Cryptocurrency has an upward trend in its short-term perspective. After dropping the cryptocurrency to $ 0.01334 in the demand area, the bears have lost control of the bull.

Confirmation at the bull's plunge was seen after Marubozu's bullish candle broke the two EMAs at $ 0.01347. TRXUSD is currently at $ 0.01370 in the supply area.

The key supply area at $ 0.0140 is the initial goal of the bulls. A break above and retest in this area will imply a bullish continuation while a refusal suggests a possible return of the bears.

The price is above the two EMAs and the stochastic oscillator with its upside-down signal. This means a surge towards the price because the pressure of the bulls becomes stronger in the short term.

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