TRX / USD Medium-term trend: bullish
Supply Zones: $ 0.04000, $ 0.05000, $ 0.06000
Application areas: $ 0.01000, $ 0.00900, $ 0.00800
TRX returns to an uptrend in its medium-term prospects. An inverted head and shoulder model is the structure of cryptocurrency in the medium term. After falling in price to $ 0.02118 in the demand area, the bears lost momentum by setting the bulls' return signaled by the bullish top that ended yesterday.
The bullish candle of today's inauguration at $ 0.02152 confirmed the bullish acquisition. TRXUSD rose to $ 0.02571 in the refueling area as bears reported a small reduction to $ 0.02331 in the demand area for a market correction before the uptrend continued.
The right shoulder is developing while the bulls are back. a few hours after the opening. $ 0.0300 in the supply area is the initial target of the bulls with the signal of the stochastic oscillator pointing towards the top, which suggests an increase in the price upward in the medium term .
Short-term trend TRX / USD: bullish
TRX is in an uptrend in its short-term outlook. The $ 0.02110 rejection in the demand area was the key to the bullish rally that is taking place, which was confirmed by the candle that overflows at $ 0.02151 by breaking the two EMA crossovers.
TRXUSD rose to $ 0.02571 in the supply area before a decline to $ 0.02331 in the demand area, as the cryptocurrency has reached higher levels and lower levels than the characteristics of the market trendy.
The price is higher than the two EMAs and the 65% stochastic oscillator signal indicates an upward price hike.
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