TRON (TRX)

TRON Price Prediction: Long-term (TRX) Value Forecast – June 16

Azeez Mustapha
June 16, 2019

The bulls are in control of the long-term outlook.
$0.04083 in the supply area is up for a retest.

TRX/USD Long-term Trend: Bullish

Supply zone: $0.05000, $0.06000, $0.07000
Demand zone: $0.01000, $0.00800, $0.00600

TRON long-term outlook is a bullish trend. The bears successfully pushed the cryptocurrency beyond the target at $0.02950 in the demand area on 9th June and lost momentum at $0.02910.

This was a close above the 50-EMA with a wick an indication of exhaustion as the bulls returned and took control of the market.

TRXUSD rose to $0.03363 in the supply area on 10th June breaking the 10-EMA to confirm the bulls’ takeover. This was the high of last week ending on a bullish note.

Price is above the two EMAs and the signal of the stochastic oscillator pointing at 30%. These imply an upward momentum in price in the long-term in the new week as long as price stays above the trendline.

A retest at the previous high of 2nd June at $0.04083 in the supply area may occur in the long-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.

Azeez Mustapha

Azeez began his FinTech career path in 2008 after growing interest and intrigue about market wizards and how they managed to become victorious on the battlefield of the financial world. After a decade of learning, reading and training the ins and outs of the industry, he’s now a sought after trading professional, technical/currency analyst and funds manager - as well as an author.