Tron (TRX) Daily Price Forecast – November 12

2018-11-12 14:45

 

TRX/USD Medium-term Trend: Bearish

Supply zones: $0.02800, $0.02900, $0.03000
Demand zones: $0.01700, $0.01600, $0.01500
TRX continues in a bearish trend in its medium-term outlook. The journey south looks pretty good and is a continuum as the strong bears' pressure broke the 50-EMA on 8th November after a drop in TRXUSD price to $0.02337 in the demand area.

A retest of the 50-EMA occurred on 9th and 10th November with a low at $0.02287 and $0.02291 respectively.

The 4-hour opening candle at $0.02298 closed as an inverted bearish pinbar a signal to the bears. TRXUSD dropped $0.02233 in the demand area.

Price is below the two EMAs and heading towards with the stochastic oscillator at 27% and its signal point down which suggests downward price movement due to the bears' pressure in the medium-term.

TRX/USD Short-term Trend: Bearish

The cryptocurrency in a bearish trend in its short-term outlook. The bullish pressure was lost at the upper line of the downward channel after opening at $0.02316 in the supply area as the candle closes as a bearish pinbar.

TRXUSD went down to $0.02233 around the demand area. The bulls may pullback again  but the bears' comeback may push the cryptocurrency down to the lower line of the channel. This implies that the bears' next target low at $0.02200 may be attained shortly in the demand area.

Price is below the two EMAs an indication of strong bears pressure. This suggests a continuation of the downward journey as the bears increased their momentum.

 

 

 

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 $ 0.0218717 (-100%)

trx trend bearish medium-term zones november price

Источник: bitcoinexchangeguide.com

trx trend → Результатов: 36


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