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Long-term trend TRX / USD: bullish
Supply zone: $ 0.03500, $ 0.04000, $ 0.04500
Required area: $ 0.01000, $ 0.00800, $ 0.00600
Tron's long-term perspective is an uptrend. The upward pressure in the range began on December 17, when a 10-EMA break occurred firing TRXUSD up to $ 0.01521 in the supply area. The pressure has become much stronger by breaking the $ 0.01706 of the top bid area of the analysis last week on December 20 and closes on with the cryptocurrency at $ 0.01798 in the area of supply.
The TRXUSD was able to reach a new high maximum at $ 0.02310 in the refueling area on December 21 after more than a month of bear-dominated market as the journey to the north could begin with the formation of other bullish candles and closed above the two EMAs.
The price is above the two EMA crossovers that indicate bulls pressure. The stochastic oscillator is located in the overbought region at 82% with the signal pointing upwards. This suggests a sustained long-term bullish momentum.
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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