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 strong bullish pressure from $ 0.02123 in the demand area pushes TRX to $ 0.02178 in the refueling area before the bearish withdrawal.
The cryptocurrency had fallen to $ 0.02126 in the requested area before the end of yesterday's session.
The 4-hour bullish opening candle at $ 0.02164 supported bulls' pressure and TRX rose by $ 0.02217 in the supply area as the cryptocurrency ranges. The price is above the two EMAs and the stochastic oscillator is at 58% and its signal points towards the top, which implies the upward price movement within the interval.
TRX is in consolidation and trading between $ 0.02290 in the upper bidding area and $ 0.02127 in the lower demand area of the segment. The interruption in the upper refueling area or the disaggregation in the lower demand area are imminent, so the operators should be patient before taking a position.
Short-term trend TRX / USD: bullish
Cryptocurrency has an upward trend in its short-term perspective. Bears lost momentum at $ 0.02125 in the demand area due to strong support. This also created the double bottom pattern, making the bulls come back on stage.
The 1-hour bullish candle at $ 0.02144 supported the bullish momentum as TRX rose to $ 0.02219 in the supply area above the two EMAS crossovers.
The structure of TRX on a short-term perspective is a W. This implies that the bulls will continue to push prices to the north. $ 0.02250 in the bidding area is the initial bullish target.
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