Supply zones: $0.02800, $0.02900, $0.03000
Demand zones: $0.01700, $0.01600, $0.01500

TRX continues in the range in its medium-term outlook. The strong bearish pressure returned after the formation of a railroad at $0.02032 in the demand area on September 15th.
The cryptocurrency was pushed down to $0.01920 in the demand area with the signal to bulls returned as the candle closes as a hammer. TRX was up to $0.02013 in the supply area before the end of yesterday session

The bullish 4-hour opening candle at $0.02000 sustained the bullish momentum as the cryptocurrency made a high of $0.02029 in the supply area earlier today. The stochastic oscillator is at 69% and its signal points down which implies downward momentum in the cryptocurrency price as it ranges.

TRX is ranging and trading between $0.02173 in the upper supply area and $0.01792 in the lower demand area of the range. A breakout at the upper area or breakdown at the lower area is imminent therefore traders should be patient and wait before taking a trade.

The cryptocurrency is in a bearish trend in its short-term outlook. The bullish pressure from $0.01920 in the demand area pushed the coin up to $0.02029 in the supply area and lost momentum. This created a triple top formation at the area.

The bears returned was further confirmed with the bearish railroad formation. TRX was down to $0.01975 in the demand area earlier today.

With the stochastic oscillator at and its signal points down, we may see TRX making a low at $0.01919 in the demand area as the bears' pressure becomes strong to complete the M formation 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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