TRX / USD Medium-term trend: variable
Supply Zones: $ 0.03000, $ 0.04000, $ 0.04500
Application areas: $ 0.01000, $ 0.00900, $ 0.00800
TRX continues on a market with a medium-term perspective. The bearish spinning top at $ 0.01809 in the area requested on December 28th was an indication of the return of the bulls after a $ 0.01860 bearish run in the refueling area that began on December 26th.
TXRUSD rose to $ 0.02959 in the supply area and lost momentum. The bearish doji at $ 0.02116, followed by a bearish candle at $ 0.02140, confirmed bear entry on the market, as the TRXUSD initially fell to $ 0.02001 and then $ 0 , 01990.
The price is between the two EMA a sign of consolidation and the stochastic oscillator is located in the oversold region. These suggest a downward momentum of the price within the interval.
TRXUSD is spacing and trading between $ 0.02168 in the upper supply 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 continues in a bearish trend in its short-term outlook. The rejection of an upward price movement of $ 0.02150 in the key supply area was an indication of strong short-term downward pressure.
Despite a bullish opening of an hour to $ 0.02037 that pushed the cryptocurrency to $ 0.02066 in the supply area, the bears returned and lowered their prices. $ 0.01994 in the demand area was the current minimum that the bear dropped TRXUSD with a strong indication of further decline before the end of the session.
The signal of the stochastic oscillator points down to 6% in the oversold region and at a price below the two EMAs. These indicate a further downward movement in the cryptocurrency with $ 0.01827 in the demand area a possible target.
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