Supply zones: $0.02500, $0.02600, $0.02700
Demand zones: $0.01000, $0.00900, $0.00800

TRX is in a range-bound market its medium-term outlook. The bearish momentum within the range was lost at $0.01280 on 14th December after the formation of a bullish spinning top. $0.01363 in the supply area was the initial high on 16th December after breaking the two EMAs.

Increased bullish momentum within the range pushed the cryptocurrency up to $0.01411 as the bulls held control within the range tight. The stochastic oscillator signal points up at 75% an indication of upward momentum within the range may occur.

TRXUSD is ranging and trading between $0.01446 in the upper supply area and at $0.01241 in the lower demand area of the range. Traders should wait for a breakout at the upper supply area or a breakdown at the lower demand area to take place before taking any position.

The cryptocurrency remains in a range-bound market in its short-term outlook. The struggle for market control between the bulls and the bears continues as the cryptocurrency witness a surge in price. $0.01260 in the demand area was the low the bearish pressure dropped TRXUSD on 14th December.

The bulls returned and pushed price up to $0.01422 in the supper supply area but closed within the range. Price is above the two EMAs and the stochastic oscillator is in the overbought region at 82% with its signal pointing up as the cryptocurrency ranges.

TRXUSD is consolidation and trading between $0.01398 in the upper supply area and at $0.01301 in the lower demand area of the range. Patience is needed to allow a breakout at the upper supply area or a breakdown at the lower demand area happen before a taking any position.

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

223 +