Tron (TRX) Daily Price Forecast – November 26

2018-11-26 16:50

 

TRX/USD Medium-term Trend: Bearish

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

TRX continues in a bearish trend in its medium-term outlook. The cryptocurrency is in a downward channel as the bears held the market under control.

After the bearish railroad made a touch at the upper line of the channel on 24th November, the bears stage a strong comeback that dropped the cryptocurrency to $0.01110 in the demand area on 25th November before losing momentum.

TRXUSD was up at $0.01323 on the upper line of the downward channel due to the bullish pressure. A bounce is most probable because this is the second touch. The bears show sign of arrival as price is gradually going down south.

The lower line of the channel may be the bears' initial target in the demand area as price lies below the two EMAs an indication of bears pressure in the medium-term.

TRX/USD Short-term Trend: Ranging

The cryptocurrency is in consolidation in its short-term outlook. The strong bearish pressure that dropped price at $0.01158 in the demand area from $0.01426 in the supply area was weakened as the candle closed as a bullish hammer.

The bulls full takeover was confirmed after the bullish candle closed above the 10-EMA. TRXUSD was up at $0.01323 in the supply area. Lack of momentum to sustain the uptrend led to rejection at the supply area and subsequently the gradual drop price of the cryptocurrency as it enters the range in the short-term.

Price is below the two EMAs an indication to bears’ pressure. The stochastic oscillator is in at 24% but its signal points down. This further confirms the bearish momentum within the range in the short-term.

TRXUSD is consolidation and trading between $0.01322 in the upper supply area and at $0.01155 in the lower demand area of the range. Patience is key during this period. A breakout at the upper supply area or breakdown at the lower demand area is imminent but traders should allow this to occur before taking a position.

 

 

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

Similar to Notcoin - Blum - Airdrops In 2024

origin »

TRON (TRX) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0.1171
Капитализация $0 Rank 99999
Цена в час новости $ 0.0115964 (-100%)

bearish trx zones trend medium-term channel downward

Источник: bitcoinexchangeguide.com

bearish trx → Результатов: 37


Consecutive Losses for Tron [TRX] – Price Outlook Changes From Bullish to Bearish

For much of 2018, there has been a reoccurring trend in the crypto markets. When Bitcoin falls, altcoins fall but fall further. When Bitcoin rises, altcoins rise but rise higher. However, for much of 2018 the crypto market has been in a downtrend, and last week when Bitcoin blasted through $6850 as noted here, this […] Consecutive Losses for Tron [TRX] – Price Outlook Changes From Bullish to Bearish was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

2018-7-23 20:01


Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

TRON (TRX) Price Stabilizes Amid Rumors of Justin Sun FTX Buyout

The Tron (TRX) price shows bullish signs in the short-term, indicating a relief rally towards $0.055. However, the long-term trend is considered bearish until that area is reclaimed. The post TRON (TRX) Price Stabilizes Amid Rumors of Justin Sun FTX Buyout appeared first on BeInCrypto.