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 bulls are back after a price drop of $ 0.01920 in the area requested on January 1st. The progressive upward price movement brought a boost of TRXUSD to $ 0.02425 in supply on January 5th. This was the high of the week and also a new test on the supply area of $ 0.02400.
The new trading week rose to $ 0.02262, which was higher than last week's opening price at $ 0.02045. An indication of strong bullish pressure.
With the signal of the stochastic oscillator pointing at up to 63% and the price over the crossover of the two EMAs. These imply an upward momentum in the price of cryptocurrency.
The breakout is more likely at $ 0.02400, the key supply area as the long-term journey to the north.
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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