Tron (TRX) Daily Price Forecast – November 29

2018-11-29 17:40

 

TRX/USD Medium-term Trend: Bullish

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

TRX is in a bullish trend in its medium-term outlook. Breaking the 10-EMA at $0.1206 was an indication of the bulls return. Full confirmation to the bulls takeover of the market came with a break of the resistance at 50-EMA at $0.1268 by the large bullish engulfing candle.

TRXUSD was up at $0.1600 before the flag was formed by the bears as the session ended yesterday with price down to $0.1440 in the demand area.

Exhaustion sets in as the candle closed with wicks. The bulls return was signaled by the bullish hammer at $0.1460. A large bullish engulfing candle was formed and pushed TRXUSD up at $0.1710 in the supply area.

Currently, another bearish flag is developing that may push price down briefly before the bull stage a strong comeback for new higher highs in the medium-term.

TRX/USD Short-term Trend: Bullish

The cryptocurrency is in bullish trend in its short-term outlook. The strong bullish pressure of the 1-hour opening was sustained as USD broke yesterday high of $0.01600 and pushed price further up to $0.01710 in the supply area.

A minor pullback by the bears dropped the cryptocurrency down to $0.01526 in the demand area above the 10- EMA.

Price is above the two EMA and the EMAs are fanned apart which connotes strength in the context of the trend and in this case the uptrend. It suggests that new higher highs may be attained as the bulls journey north.

 

 

 

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 »

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 $ 0.0160377 (-100%)

trx bullish trend bulls medium-term zones resistance

trx bullish → Результатов: 43


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