TRON (TRX) Long-Term Price Forecast- December 22

2018-12-23 01:25

TRX/USD Long-term Trend: Bullish

Supply zone: $0.03500, $0.04000, $0.04500
Demand zone: $0.01000, $0.00800, $0.00600

Tron long-term outlook is a bullish trend. The bullish pressure within the range started on 17th December when a break at the 10-EMA occurred shooting TRXUSD up to $0.01521 in the supply area. The pressure became much stronger breaking the $0.01706 of the upper supply area of last week analysis on 20th December and closes above it with the cryptocurrency up at $0.01798 in the supply area.

TRXUSD was able to make a new higher high at $0.02310 in the supply area on 21 December after over a month of bears dominated market as the journey north might have begun as more bullish candles formed and closed above the two EMAs.

Price is above the two EMAs crossover an indication of bulls’ pressure. The stochastic oscillator is in the overbought region at 82% with its signal pointing up. This suggests sustained upward momentum in the long-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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bullish long-term supply trend tron zone pressure

Источник: bitcoinexchangeguide.com

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