• The long-term outlook is in a bullish trend.
  • $0.03319 in the supply area may be retested.

TRX/USD Long-term Trend: Bullish

Supply zone: $0.0400, $0.05000, $0.0600
Demand zone: $0.01000, $0.00800, $0.00600

Tron long-term outlook is in a bullish trend. The bears dropped the cryptocurrency to $0.02569 in the demand area within the range. The 50-EMA was strong support as the bears lost momentum and the candle closes bullish.

Increased bullish momentum broke the 10-EMA as price rose to $0.02890. This was a breakout at the upper supply area of the range but the candle closed within the range.


The new week resume on a bullish note with a large bullish candle above the trendline at $0.02770. This broke the upper supply area of the range. Price is haS been up at $0.03038 in the supply area today as the journey north may have begun.

$0.03319 in the supply area is up for a retest and subsequent breakout in the long-term with the signal of the stochastic oscillator pointing up 53% an indication of upward momentum in price

 

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

(Excerpt) Read more Here | 2019-05-26 19:31:00
Image credit: source

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