Supply zones: $0.02500, $0.02600, $0.02700
Demand zones: $0.01000, $0.00900, $0.00800

TRX remains in a bearish trend in its medium-term outlook. The bullish retracement that on 30th November was terminated on 2nd December after TRXUSD was up at $0.01573 in the supply area. This was because this area was the 61.8 fib level, a trend reversal zone combined with the closed of an inverted hammer.

The bears are gradually pushing price down south. $0.01420 in the demand area was the low of cryptocurrency after a bearish opening with a large engulfing candle.

Price is below the 10-EMA and Fibonacci diagonal line an indication of bear pressure coupled with the signal of the stochastic oscillator pointing down an indication of downward price movement in the medium-term.

The cryptocurrency is in bearish trend in its short-term outlook. The bullish move to the critical supply area witnessed strong resistance as the bearish pressure that pushed the cryptocurrency to $0.01484 in the demand area on 2nd December. The session ended yesterday with another push into the critical supply area at $0.01538.

The bears' pressure once again pushed TRXUSD down to $0.01420 in the demand area earlier today. Price is below EMAs crossover an indication of bears presence. $0.01250 in the demand area may be the bears target in the short-term.

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

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