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TRX / USD Medium-term Trend: Bullish
Supply zones: $ 0.02500, $ 0.02600, $ 0.02700
Demand zones: $ 0.01000, $ 0.00900, $ 0.00800
TRX is in a bullish trend in its medium-term outlook. Breaking the 10-EMA at $ 0.1206 was an indication of the bulls return. The full bullish engulfing candle.
TRXUSD was up at $ 0.1600 before the flag was formed by the bears as the session ended with a price down to $ 0.1440 in the demand area.
Closed with wicks. The bulls return was signaled by the bullish hammer at $ 0.1460. A large bullish engulfing candle was formed and pushed TRXUSD up at $ 0.1710 in the supply area.
Currently, another bearish flag is developing that may be pushed down briefly before the bull stage.
TRX / USD Short-term Trend: Bullish
The cryptocurrency is in the bullish trend in its short-term outlook. $ 1,010,000 and pushed price further up to $ 0.01710 in the supply area.
A minus pullback by the bears dropped the cryptocurrency down to $ 0.01526 in the demand area above the 10- EMA.
Price is above the two EMAs and the EMAs are fanned apart which connotes strength in the context of the trend and in this case the uptrend. It suggests that it will be higher at the same time as the bulls journey north.
Do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.
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