Analysis: Tron (TRX) Breaks out of $0.026, Now Aiming into the Top 10 Cryptocurrencies

2018-10-8 14:18

Supply zones: $0.028, $0.029, $0.030

Demand zones: $0.026, $0.024, $0.023

TRX/USD Medium-term Trend: Bullish

TRX is bullish in its medium-term outlook. The coin continues in a bullish trend yesterday, with the formation of massive strong bullish candles.  The bearish pressure was lost after a drop in the price of the cryptocurrency to demand zone of $0.023.

The bulls’ returned was confirmed by a bullish gravestone doji and price was up and broke the former supply zones of $0.024 and $0.026 before the end of the trading session yesterday.  Today, the 4-hour opening candle above the supply zone of $0.026 was bullish and TRX rallied towards supply zone of $0.028.

Price is above the 10-day EMA while 50-day EMA is below 10-day EMA with the stochastic oscillator 14 above 75 levels and it signal points down, thus signaling a downward movement as a pullback before continuing uptrend movement. Traders should be patient and wait before taking a long trade.

TRX/USD Short-term Trend: Bullish

The cryptocurrency enters uptrend movement shortly after a bearish run to the demand zone of $0.02, rejection to the further downward movement was seen with the formation of a doji and a bullish candle as the bulls made a gradual return and the price made some consolidation at the lower demand zone of $0.023. After consolidation, the price broke the former supply zones of $0.024 and $0.026.

Price was up to supply zone of $0.028 earlier today as the bulls sustained the momentum on the short- term. Price is above the two EMAs well separated from each other indicating further bullish movement. The stochastic Oscillator 14 is at the overbought region with the signal lines point down implies that the cryptocurrency may retest the supply zone of $0.026. Traders may take a long trade after the pullback to gather some green pips.

The post Analysis: Tron (TRX) Breaks out of $0.026, Now Aiming into the Top 10 Cryptocurrencies appeared first on ZyCrypto.

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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 $ 0.0262665 (-100%)

trx bullish 026 analysis zones demand medium-term

Источник: zycrypto.com

trx bullish → Результатов: 25


Tron (TRX) Price Analysis: Bullish Wave Activated But the Bears will soon be taking Over

Supply zones: $0. 026, $0. 028, $0. 030 Demand zones: $0. 025, $0. 023, $0. 020 TRX/USD Medium-term Trend: Bullish The cryptocurrency continues its bullish movement in its medium-term outlook. On the October 12, TRX returned to the uptrend movement as the bears lost pressure and were not able to push TRX beyond the lower demand zone of $0.

2018-10-15 15:28


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


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It’s no secret that Tron (TRX) investors have gone through some turbulence these past weeks as the token went on a decline, even at some point dipping below the major support threshold of $0.04. However, Tron now seems to be garnering quite some support as it rises again, signaling a possible bullish run that could […] The post Tron’s Dramatic Gain Indicates A Possible Bullish Reversal appeared first on ZyCrypto.

2018-7-1 00:17


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