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TRX / USD Medium-term trend: variable
Supply areas: $ 0.02500, $ 0.02600, $ 0.02700
Application areas: $ 0.01000, $ 0.00900, $ 0.00800
TRX is part of a limited-range market with medium-term prospects. The downward momentum of the segment was lost to $ 0.01280 on December 14 following the formation of a bullish top. $ 0.01363 in the bidding area was the initial high of December 16 after the breakdown of the two EMAs.
The increase in the bullish momentum in the segment pushed the cryptocurrency up to $ 0.01411 as the bulls kept control within the narrow range. The signal of the stochastic oscillator rises to 75% and there may be an indication of the momentum moving upwards within the interval.
TRXUSD is spacing and trading between $ 0.01446 in the upper supply area and $ 0.01241 in the lower demand area of the segment. Traders should expect a break in the upper supply area or a breakdown in the lower demand area to be made before taking any position.
TRX / USD Short-term trend: variable
The cryptocurrency remains in a market linked to the range in its short-term perspective. The struggle for market control between bulls and bears continues while cryptocurrency is witnessing a surge in prices. $ 0.01260 in the area of demand was the low bearish pressure lost TRXUSD on December 14th.
The bulls came back and pushed the price up to $ 0.01422 in the dinner supply area, but they were closed in the interval. The price is higher than the two EMAs and the stochastic oscillator is in the overbought region at 82% with its upside-down signal as cryptocurrency intervals.
TRXUSD is the consolidation and trading between $ 0.01398 in the upper bidding area and $ 0.01301 in the lower demand area of the segment. Patience is necessary to allow a breakout in the upper supply area or a break in the lower demand area before taking any position.
The opinions and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your research.
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