Tron (TRX) Daily Price Forecast – November 29

2018-11-29 17:40

 

TRX/USD Medium-term Trend: Bullish

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

TRX is in a bullish trend in its medium-term outlook. Breaking the 10-EMA at $0.1206 was an indication of the bulls return. Full confirmation to the bulls takeover of the market came with a break of the resistance at 50-EMA at $0.1268 by the large bullish engulfing candle.

TRXUSD was up at $0.1600 before the flag was formed by the bears as the session ended yesterday with price down to $0.1440 in the demand area.

Exhaustion sets in as the candle closed with wicks. The bulls return was signaled by the bullish hammer at $0.1460. A large bullish engulfing candle was formed and pushed TRXUSD up at $0.1710 in the supply area.

Currently, another bearish flag is developing that may push price down briefly before the bull stage a strong comeback for new higher highs in the medium-term.

TRX/USD Short-term Trend: Bullish

The cryptocurrency is in bullish trend in its short-term outlook. The strong bullish pressure of the 1-hour opening was sustained as USD broke yesterday high of $0.01600 and pushed price further up to $0.01710 in the supply area.

A minor pullback by the bears dropped the cryptocurrency down to $0.01526 in the demand area above the 10- EMA.

Price is above the two EMA and the EMAs are fanned apart which connotes strength in the context of the trend and in this case the uptrend. It suggests that new higher highs may be attained as the bulls journey north.

 

 

 

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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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 $ 0.0160377 (-100%)

trx bullish trend bulls medium-term zones resistance

Источник: bitcoinexchangeguide.com

trx bullish → Результатов: 43


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