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TRX / USD Long-term trend: variable
Supply zone: $ 0.04000, $ 0.05000, $ 0.06000
Required area: $ 0.01000, $ 0.00800, $ 0.00600
The long-term perspective of Tron is a market related to the range. The bulls had a massive upward movement in the week while TRXUSD rose to $ 0.03584 in the refueling area on January 10th. This exceeds the $ 0.02400 target expected in last week's analysis.
The formation of a long-tailed bearish candle has marked the exhaustion in the bullish momentum and the bears have gradually returned as the cryptocurrency consolidates.
The price is below 10-EMA and the stochastic oscillator signal points to 44%, an indication of the negative momentum of the price in the interval in the days to come.
TRXUSD is in the process of consolidation and trading between $ 0.02881 in the upper bidding area and $ 0.02142 in the lower demand area of the segment. A breakout may occur in the upper refueling area or a break in the lower area followed by a new test, so patience is required to allow this to happen 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.
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