Home / Cryptocurrency / Tron (TRX) Daily Price Forecast – December 27th

Tron (TRX) Daily Price Forecast – December 27th

Tron announces TronWallet for TRX Coin Storage scheduled for release this week

TRX / USD Medium-term trend: variable

Supply Zones: $ 0.03000, $ 0.04000, $ 0.04500
Application areas: $ 0.01000, $ 0.00900, $ 0.00800

TRX returns to a limited-range market in its medium-term perspective. The bullish pressure pushed the cryptocurrency to $ 0.02150 in the refueling area before the loss of momentum denoted by the wicks in the candle when the bears returned. The bearish train formed at $ 0.02122 was a confirmation of the bears' return as TRXUSD fell to $ 0.01976 in the required area

The bulls returned again before the end of yesterday's session, as they pushed TRXUSD to rise to $ 0.02098 in the refueling area. With a downturned upturned hammer formed at today's 4-hour spark plug, TRXUSD dropped further to $ 0.01988 as cryptocurrency intervals.

TRXUSD is in the process of consolidation and trading between $ 0.02168 in the upper bidding area and $ 0.01901 in the lower demand area of ​​the segment. Traders should be patient for a breakout in the upper bidding area for buying or disaggregating opportunities in the low-demand area for medium-term sales opportunities.

Short-term trend TRX / USD: bearish

TRX is in a bearish trend in its short-term perspective. The cryptocurrency is in a descending channel model. The bears returned after losing their bullish momentum to $ 0.02076 in the supply area.

The reversed bear hammer was a good reversal signal since TRXUSD dropped to $ 0.01988 in the required area.

The bulls are currently pushing the price on the top of the channel. Each touch translates into a rebound, so a downward rebound is imminent because the bears direct the bottom line of the channel in the short term.

The opinions and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your research.

Source link