TRON (TRX) Long-term price forecast – December -16

Tron passed the daily Ethereum transactions in October, What & # 39; s in Come for November

TRX / USD Long-term trend: variable

Supply zone: $ 0.03500, $ 0.04000, $ 0.04500
Required area: $ 0.01000, $ 0.00800, $ 0.00600

The long-term prospects of Tron remain in a market linked to the range. $ 0.01439 in the supply area was the highest reached by the bullish pressure of December 9th. TRXUSD dropped to $ 0.01260 on December 14, which was the low of the week. Everything inside the range.

With the week ended as a bullish doji, bulls may prevail in the next few days.

The price is around 10-EMA which acts as a resistance against upward price movement. The stochastic oscillator is at 23% and its signal is in parallel line an indication of the scenario that goes.

TRXUSD is the consolidation and trading between $ 0.01706 in the upper bidding area and $ 0.01113 in the lower demand area of ​​the segment. A breakout in the upper supply area can be considered for a long position while a breakdown in the lower demand area may be a short position with a good candle as confirmation for the items. So patience is needed to allow this to occur before taking any position.

The opinions and opinions expressed here do not reflect that of and do not constitute financial advice. Always do your research

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