TRON (TRX) Long-Term Price Forecast- January 12

2019-1-12 17:04

TRX/USD Long-term Trend: Ranging

Supply zone: $0.04000, $0.05000, $0.06000
Demand zone: $0.01000, $0.00800, $0.00600

Tron long-term outlook is a range-bound market. The bulls had a massive movement to the upside in the week as TRXUSD rose to $0.03584 in the supply area on 10th January. This surpasses the $0.02400 target predicted in last week analysis.

The formation of bearish long-tailed candle signaled exhaustion in the bullish momentum and bears gradual returned as the cryptocurrency consolidates.

Price is below the 10-EMA and the stochastic oscillator signal points down at 44% an indication of downward momentum in price within the range in the days ahead.

TRXUSD is in consolidation and trading between $0.02881 in the upper supply area and at $0.02142 in the lower demand area of the range. A breakout at the upper supply area or breakdown at the lower area followed by a retest may occur hence patience is required to allow this to happen before a position is taken.

 

 

 

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 $ 0.0247173 (-100%)

long-term zone trx supply week tron january