Tron Price Analysis: The Bulls Will Soon Be Taking Over the TRX Market

2019-1-29 22:03

Distribution Territories: $0.029, $0.031, $0.034

Accumulation Territories: $0.027, $0.025, $0.023

TRX/USD Medium-term Trend: Bullish

TRX/USD is on the bullish trend on the Medium-term outlook. There was a retracement on the 4Hour chart after the bullish trend that occurred on January 15. This scenario leads to price consolidation for more than four days and the coin bottomed at $0.023 price level on January 20. The bulls gathered momentum, broke up the distribution territory of $0.025 and the TRX price inclined towards $0.031 price level after broken the barrier at $0.027 and $0.029. The Bulls lost the momentum and there was a 50% Fib price retracement to the $0.026 price level.

After price retracement, the coin restored to its former trend and that is why a strong bullish candle formed. The coin is currently trading in-between the 21-day EMA and 50-day EMA with the bullish candles formation while the Relative Strength Index period 14 is at 50 levels with the signal line pointing up which connotes buy signal.  In case the Bulls maintain or increase their pressure the cryptos may have its target at $0.031 price level. Alternatively, in case the accumulation territory of $0.023 does not hold, the accumulation territory of $0.023 will be its support.

TRX/USD Short-term Trend: Bearish

TRX/USD is on the bearish trend on the short-term outlook. The higher highs movement made by the bulls on the TRX market topped at $0.031 price level last week. The tweezer top candle pattern formed implies the influx of bears into the TRX market which returned the coin to the previous low of $0.026 accumulation territory after the broken down of $0.029 price level. The Bulls defended the level and the TRX price bounced and the coin moved towards the $0.029 level which was resisted by the dynamic resistance and support.

The 21-day EMA has crossed the 50-day EMA downside and the TRX are currently trading below the two EMAs which indicates a bearish pressure on the TRX market. The relative strength index period 14 is above 40 levels pointing down which implies sell.

The post Tron Price Analysis: The Bulls Will Soon Be Taking Over the TRX Market appeared first on ZyCrypto.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

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 $ 0.0263471 (-100%)

trx bullish trend price usd territories tron

Источник: zycrypto.com

trx bullish → Результатов: 89


Tron (TRX) Price Analysis: Bullish Wave Activated But the Bears will soon be taking Over

Supply zones: $0. 026, $0. 028, $0. 030 Demand zones: $0. 025, $0. 023, $0. 020 TRX/USD Medium-term Trend: Bullish The cryptocurrency continues its bullish movement in its medium-term outlook. On the October 12, TRX returned to the uptrend movement as the bears lost pressure and were not able to push TRX beyond the lower demand zone of $0.

2018-10-15 15:28


Consecutive Losses for Tron [TRX] – Price Outlook Changes From Bullish to Bearish

For much of 2018, there has been a reoccurring trend in the crypto markets. When Bitcoin falls, altcoins fall but fall further. When Bitcoin rises, altcoins rise but rise higher. However, for much of 2018 the crypto market has been in a downtrend, and last week when Bitcoin blasted through $6850 as noted here, this […] Consecutive Losses for Tron [TRX] – Price Outlook Changes From Bullish to Bearish was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

2018-7-23 20:01


Tron’s Dramatic Gain Indicates A Possible Bullish Reversal

It’s no secret that Tron (TRX) investors have gone through some turbulence these past weeks as the token went on a decline, even at some point dipping below the major support threshold of $0.04. However, Tron now seems to be garnering quite some support as it rises again, signaling a possible bullish run that could […] The post Tron’s Dramatic Gain Indicates A Possible Bullish Reversal appeared first on ZyCrypto.

2018-7-1 00:17


дальше еще 40 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

TRON Network Surpasses 95 Million Addresses: A Sign Of Growth

The TRON network has achieved a remarkable milestone, surpassing 95 million addresses. This figure is particularly noteworthy when compared to other layer 1 networks like Cardano and Avalanche, which have fewer than 10 million addresses each.

Poloniex hit by $100 million theft, hacker boosts Tron’s TRX

Crypto entrepreneur Justin Sun has offered the Poloniex hacker a 5% bounty to return the stolen funds within the next seven days. The hack Earlier today, Sun said Poloniex was investigating a hacking incident without providing additional information.