Tron Independence Day: What TRX Coin Holders Need To Know Today

TRX/USD Long-term Trend: Ranging

Supply zone: $0.06000, $0.07000, $0.08000
Demand zone: $0.03000, $0.02000, $0.01000

TRX enters a ranging scenario in the long-term outlook. The bulls made a successful comeback from $ 0.03121 in the demand area and subsequently broke the trendline after the fourth touch predicted in last week long-term forecast.

$0.03600 was retested and shoot further up to $0.04340 in the supply area.

The formation of double top coupled with an inverted bearish hammer, a reversal candlestick pattern return the bears. The bearish pressure was strong and the cryptocurrency was down to $0.03360 in the demand area.

The bulls momentum was building up as the formation of a railway track is seen at the demand area. Price was up $0.03620 in the supply area above the 10-day EMA.

The cryptocurrency is in a range and it is trading between $0.04076 in the supply area of the upper price range and at $0.03521 in the demand area of the lower range. Traders could consider a good ranging strategy as the coin goes up and down in the range.

 

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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