• Supply zones: $0.04000, $0.05000, $0.06000
• Demand zones: $0.01000, $0.00900, $0.00800

TRON is in consolidation in its medium-term outlook. $0.02454 in the supply area was the high while $0.02390 in the demand area was lower attained by the cryptocurrency over the weekend as it continues to range.

Today’s 4-hour opening candle at $0.02414 was bullish with price already up at $0.02575 in the supply area. Price is above the TWO EMAs crossover and the stochastic oscillator signal pointing up at 82%. These suggest the bulls may sustain the upward momentum in price within the range in the medium-term.

XLMUSD is consolidation and trading between $0.02541 in the upper supply area and at $0.02362 in the lower demand area of the range. A breakout at the upper supply area may be considered for a long position after a retest while a breakdown at the lower demand area may be a short position with good bearish candlestick pattern as confirmation.

The cryptocurrency is in a bullish trend in its short-term outlook. The bulls sustained the momentum after today’s bullish opening candle at $0.02417. TRXUSD is currently up at $0.02407 in the supply area.

The cryptocurrency is forming higher highs and higher lows which are characteristics features of an up trending market.

The EMAs are fanned apart which indicates strength in the context of the trend and in this case the uptrend. Price is above the two EMAs crossover and the stochastic oscillator signal pointing up at 82%.

$0.02657 in the supply area is the bulls next target as the bullish pressure becomes strong and more candles formed above the EMAs crossover.

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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