TRX / USD Long-term trend: variable
Supply zone: $ 0.03500, $ 0.04000, $ 0.04500
Area on request: $ 0.01000, $ 0.00800, $ 0.00600
The long-term prospects of Tron continue in a market related to the range. The bears supported the momentum south, as expected with the cryptocurrency, registering a minimum of $ 0.02118 in the demand area on January 13.
It was a new test of the demand area after price breakdown on January 4th. The long bullish engulfing candle confirms the presence of bulls with a price boost on the supply area at $ 0.02700.
The journey to the inside of the intermission may continue in the days ahead as the price is above 10-EMA.
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. There may be a breakout in the upper refueling area or a failure in the lower area followed by a new test, so patience is needed to allow this to happen before a position is taken.
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