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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 prospects remain in an uptrend. Strong bullish pressure was sustained as TRXUSD reached an initial high of $ 0.02310 in the supply area on December 21st. The cryptocurrency increased further to $ 0.02430 on December 24th, as the pressure weakened and the daily candle closed like an inverted bearish long tail candle, a turnaround signal.
The short bearish pressure brought the price down initially to $ 0.01890 and then to $ 0.01831 on December 28th, as there was a refusal to further downward movements and the bulls postponed and pushed the price up to $ 0. , 02159 in the supply area.
The price is above the two EMA crossovers indicating that the bulls have retained control and can continue the journey north in the new trading weeks. $ 0.02600 in the supply can be retested because more candles open and close over the two long-term EMAs.
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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