TRX / USD Medium-term trend: bullish
Supply Zones: $ 0.03000, $ 0.04000, $ 0.04500
Application areas: $ 0.01000, $ 0.00900, $ 0.00800
TRX remains in a bullish trend in its medium-term prospects. The strong bullish pressure continued to generate unique highs in the supply area, especially after a withdrawal. On December 21, TRXUSD reached a maximum of $ 0.02310.
Today's four-hour spark plug $ 0.02140 saw the momentum increase while the TRXUSD rose initially to $ 0.02300 and subsequently to $ 0.02430 in the supply area.
The price remains above the two EMA crossovers that are fanned out, which implies strength in the context of the trend and in this case the uptrend. The stochastic oscillator is located in the overbought region at 82% and its signal is pointing up, suggests a further price acceleration in the medium term.
A slight downtrend may occur, but the bullish pressure remains strong.
Short-term trend TRX / USD: bullish
The cryptocurrency continues in an uptrend in its short-term outlook. The bulls enjoyed a nice ride north. TRXUSD had an upward structure of higher highs and higher bass formation.
After a low opening at $ 0.02131, the bulls pushed the cryptocurrency up to $ 0.02430 in the supply area.
Bears are currently in control to create another low before the bulls return for another new high in the short run.
The opinions and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your research.