TRX / USD Medium-term trend: variable
Supply areas: $ 0.02800, $ 0.02900, $ 0.03000
Required areas: $ 0.01700, $ 0.01600, $ 0.01500
TRX is in a scenario that varies in its medium-term perspective. The bullish momentum at $ 0.02084 on 27 September after the railroad upward training could push the TRX to $ 0.02312 in the supply zone before the exhaustion, as the bears are gradually returning.
The cryptocurrency had fallen to $ 0.02119 in the demand area below the two EMAs. A further downward movement was rejected as the bulls returned reported from the morning star formation. The price rose by $ 0.02270 in the supply area over the two EMAs, as the coin ranges in the medium term.
TRX is in the process of consolidation and trading between $ 0.02349 in the upper bidding area and $ 0.02049 in the lower demand area of the segment. A breakout may occur in the upper bidding area or a break in the lower demand area, so operators should be patient before taking a position.
TRX / USD Short-term trend: variable
The cryptocurrency is in consolidation in its short-term perspective. The $ 0.02123 bullish momentum in the demand area was low at $ 0.02270 in the supply zone denoted by the wick in the candles. Bears gradually took control of the market and the price fell to $ 0.02174 in the demand area.
The 1-hour downward-opening candle at $ 0.02242 sustained bear pressure while TRX had fallen to $ 0.02211 in the demand area earlier today.
The TRX varies and trades between $ 0.02290 in the upper bidding area and $ 0.02131 in the lower demand area of the segment. Patience must be exercised during this period for a breakout in the upper refueling area or for failure in the lower area before a position occurs.
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