Tron (TRX) Daily Price Forecast – January 24

2019-1-24 19:21

 

TRX/USD Medium-term Trend: Bullish

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

TRON is back in a bullish trend in its medium-term outlook. The cryptocurrency is in an ascending channel. After a successful ride to $0.02767 in the supply area which was around the upper line of the channel, the bulls lost momentum.

$0.02624 at the lower line of the channel was attained by the bears before exhaustion as the candles closed with wicks around the line which implies the bulls are back in control which was also confirmed by the bullish pinbar.

TRXUSD was up at $0.02760 in the supply area as the momentum builds up for the upper line of the channel at $0.02767 in the supply area as the bulls target in the medium-term
.TRX short-term outlook is a bullish trend. The cryptocurrency outlook is that of a higher high and higher lows that are features of an up trending market. $0.02638 in the demand area was the latest low as new high of the day is the next target with the bullish momentum increased in the short-term.

Price is above the two EMAs which serve as support for the bulls come back each time the drawdown occurs which is necessary for the market correction.

 

 

 

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 $ 0.026916 (-100%)

bullish trend supply tron channel medium-term zones

Источник: bitcoinexchangeguide.com

bullish trend → Результатов: 126


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