- 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
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