• The bulls maintained momentum within the channel in the long-term outlook.
• $0.0400 in the supply area is on the card.
TRX/USD Long-term Trend: Bullish
Supply zone: $0.0400, $0.05000, $0.0600
Demand zone: $0.01000, $0.00800, $0.00600
Tron long-term outlook is a bullish trend. The bulls had a nice ride as the week open on a bullish note until 17th June at $0.03414 in the supply area. The bears stage a returned and forced price down to $0.03201 in the demand area and closed with a wick on 18thh June, which suggests exhaustion and a reversal in trend.
The bulls had kept price above the 10-EMA and with increased momentum TRXUSD is currently up at $0.03514 with room for higher high before the end of today session.
The stochastic oscillator signal points up at 85% in the overbought region an indication of upward momentum in price of the cryptocurrency.
$0.0400 at the upper line of the channel is the bulls target in the long-term.
Live Tron (TRX) Price:
1 TRX/USD =$0.0119 change ~ -1.91%
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