Tron (TRX) Daily Price Forecast – January 17th

TRX / USD Medium-term trend: variable

Supply Zones: $ 0.04000, $ 0.05000, $ 0.06000
Application areas: $ 0.01000, $ 0.00900, $ 0.00800

TRX is part of a medium-term market. Despite a bearish opening yesterday at $ 0.02467, the bulls have gathered enough momentum for a move to the top.

TRXUSD rose to $ 0.02573 in the supply area, above the two EMAs. The momentum was lost before the end of the day, as the bears abandoned the cryptocurrency to $ 0.02490 in the demand area.

Bears supported momentum when the market was opened today. The big bearish candle broke the two EMAs and pushed the price to $ 0.02430 in the demand area while TRXUSD consolidates in the medium term.

$ 0.02610 in the supply area remains the upper price range while $ 0.02338 in the demand area is the lowest price range. A breakout from the upper range can be considered a buy while a breakdown at the lower interval can be considered for a sell after a test.

Short-term trend TRX / USD: variable

TRX is placed in a market linked to the range in its short-term perspective. Yesterday's bullish pressure was sustained as TRXUSD was pushed up to $ 0.02573 in the supply area before it began to weaken due to depletion.

The bears returned before the end of yesterday's session after the bearish summit formation. TRXUSD fell to $ 0.02430 in the demand area shortly after today's opening.
Bulls and bears are still competing for domination while the price is around two EMAs and the signal of the stochastic oscillator is parallel to 28%.

TRXUSD is in the process of consolidation and trading between $ 0.02600 in the upper bidding area and $ 0.02380 in the lower demand area of ​​the segment. Operators should wait for a break in the upper refueling area or a failure in the lower area with a new test before a position is taken.

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