Tron (TRX) Daily Price Forecast – January 28

2019-1-29 22:57

 

TRX/USD Medium-term Trend: Bearish

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

TRON returns to a bearish trend in its medium-term outlook. After a progressive journey to the supply area ta $0.03122 in the supply area, the bulls lost momentum. The bears kept the pressure strong with the formation of a large bearish marubozu candle at today’s opening.

The cryptocurrency initially dropped to $0.02685. Strong bearish momentum increase led to a further drop in price to $0.02544 in the demand area.

TRXUSD structure in the medium term is the head and shoulder pattern. It suggests that the bears remained in full control and price may be down to the $0.02400 in the demand area in the medium-term.

TRX/USD Short-term Trend: Bearish

The cryptocurrency is in a bearish trend in its short-term outlook. The 1hour opening candle signaled the bears possible takeover and later confirmed by the bearish engulfing at $0.02910 that broke the EMAs crossover and closed below it.

TRXUSD was initially to $0.02682 before minor pullback which saw the coin back up at $0.02866 in the supply area. This was a correction to the downward move and after exhaustion, the bears returned $0.02544 in the demand area was the low attend as another correction resume before the bears stage a strong comeback in the short-term.

 

 

 

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 $ 0.0263471 (-100%)

supply bearish zones trend tron area medium-term

Источник: bitcoinexchangeguide.com

supply bearish → Результатов: 126


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