Tron (TRX) Daily Price Forecast – October 4th

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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