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.
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