Tron Price Prediction: TRX Forecast Analysis

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Tron (TRX) Price Predictions: Expert Market Data Forecasts and TRX/USD Value Charts

Contents

Tron (TRX) Daily Price Forecast: April 8, 2019

  • The short and medium-term outlook is in the uptrend.
  • Buying at pullback areas may be considered with reversal candlesticks pattern as confirmation.

TRX/USD Medium-term Trend: Bullish

Supply zones: $0.04000, $0.05000, $0.06000
Demand zones: $0.01000, $0.00900, $0.00800

TRON continues in the bullish trend in its medium-term outlook. After dropping price at $0.02658 in the demand area over the weekend the bears lost momentum. This was the second touch at the trendline.

Each touch results in a bounce as the bulls returned. The large bullish engulfing candle pushed price up to $0.02983 in the supply area on 7th April.

Exhaustion denoted by the wicks in the candle is seen at the supply area that returned the bears briefly as price dropped to $0.02788 in the demand area. This should be seen as a correction in the market necessary for bullish continuation.

Minor draw down may occur as indicated by the stochastic oscillator signal pointing down at 66% but the two EMAs acted as strong support for upward continuation with rejection to the downward movement constantly seen. The outlook remains bullish with $0.03000 in the supply area a target.

TRX/USD Short-term Trend: Bullish

The cryptocurrency remains in the uptrend in its short-term outlook. The formation of a bullish railroad at $0.02836 in the demand area led to the bulls takeover of the market. TRXUSD rose to $0.02940 in the supply area before a brief loss in momentum.

The pullback to $0.02658 in the demand area was necessary as a correction to confirm the uptrend. This was also at the 38.2 fib a trend continuation zone.

It suggests that the journey to the up north has started with an initial retest at $0.02658 in the supply in the short-term.

Author: Azeez M


Tron (TRX) Long-Term Price Forecast: April 6, 2019

  • The long-term outlook remains in consolidation.
  • The bulls are in control within the range.

TRX/USD Long-term Trend: Ranging

Supply zone: $0.0400, $0.05000, $0.0600
Demand zone: $0.01000, $0.00800, $0.00600

Tron long-term outlook continues in a range-bound market. The bullish momentum predicted in the last article was dominant as the week gradually ended with a high. The cryptocurrency rose to $0.02950 in the supply area on 3rd April.

This was the high almost two months ago, price was at this point on 4th February. The candle closed within the range with a sign of exhaustion.

Price is above the two EMAs crossover and the stochastic oscillator signal points up at 66%. This suggests an upward movement in the cryptocurrency price in the long-term.

The week seems closing a bullish doji an indication of a push to the upside towards the supply area before possible drawdown.

TRXUSD is in consolidation and trading between $0.02800 in the upper supply area and at $0.02270 in the lower demand area of the range. A breakout at the upper supply area or breakdown at the lower area followed by a retest may occur hence patience is required to allow this to happen before a position is taken.

Author: Azeez M


Tron (TRX) Daily Price Forecast: April 4, 2019

  • The bears are in control of both the short and medium-term outlook.
  • Traders may look to sell at pullback areas with bearish reversal candlestick pattern as confirmation.

TRX/USD Medium-term Trend: Bearish

Supply zones: $0.04000, $0.05000, $0.06000
Demand zones: $0.01000, $0.00900, $0.00800

TRON is in the bearish trend in its medium-term outlook. The bullish momentum was lost at $0.02950 in the supply area. The formation of wicks in the candle suggests exhaustion as this returned the bears with a large bearish engulfing candle at $0.02865.

The cryptocurrency dropped to $0.02460 in the demand area before the end of yesterday session.A correction to the bearish impulsive move yesterday was necessary today hence rise in price to $0.02460 in the supply area due to the bullish pressure.

TRXUSD is in a bearish pennant continuation pattern. A breakdown to the downside may occur that may push price down to $0.02300 in the demand area by the measured move in the medium-term.

TRX/USD Short-term Trend: Bearish

The cryptocurrency is in a bearish trend in its short-term outlook. The bears' pressure on price after the double top formation at $0.02900 in the supply area before the close of yesterday session continues in today trading session.

TRX dropped to $0.02460 in the demand area shortly after opening.

The next bearish movement is already started after the end of the minor bullish retracement. Price is below the two EMA and the stochastic oscillator signal points down at 35% an indication of downward movement in price in the short-term.

$0.02300 in the demand area may be retested as the bear momentum increases.

Author: Azeez M


Tron (TRX) Daily Price Forecast: April 1, 2019

  • The bulls are in control of the short and medium-term outlook.
  • Traders may consider buying at pullbacks area.

TRX/USD Medium-term Trend: Bullish

• Supply zones: $0.04000, $0.05000, $0.06000
• Demand zones: $0.01000, $0.00900, $0.00800

TRON is in an uptrend in its medium-term outlook. The formation of a triple bottom at $0.02315 in the demand area returned the bulls on 26th March. The bullish pressure was sustained over the weekend with the cryptocurrency up at $0.02424 in the supply area.

The momentum was sustained as the market opened today with 4-hour opening candle at $0.02387. TRXUSD was up initially at $0.02462 and later at $0.02510 in the supply area.

With price above the two EMAs and the stochastic oscillator s at the overbought region, the upward momentum in price may continue as the journey up north continue.

$0.02550 in the supply area is a target as the bullish pressure becomes stronger and more candles opened and closed above the two EMAs.

TRX/USD Short-term Trend: Bullish

The cryptocurrency is in a bullish trend in its short-term outlook. After today's bullish opening at $0.02382, the cryptocurrency was consolidating for the next upward movement. The breakout occurred at $0.02398 with a bullish engulfing candle.

TRXUSD was up at $0.02541 in the supply area as momentum to the upside increases.
The stochastic oscillator signal points up at 76% while price remains above the two EMA an indication of bullish continuation in the short-term.

Author: Azeez M


Tron (TRX) Long-Term Price Forecast: April 1, 2019

  • The long-term outlook remains in consolidation.
  • The bulls may hold on to the control of the market.

TRX/USD Long-term Trend: Ranging

Supply zone: $0.0400, $0.05000, $0.0600
Demand zone: $0.01000, $0.00800, $0.00600

Tron long-term outlook remains in a range-bound market. $0.02465 in the supply area was the high while $0.02217 was the low of the week as the cryptocurrency continues in the range. The bearish pressure was lost as the candle closed a hammer an indication of a trend reversal.

The large bullish engulfing candle pushed price back up at $0.02380 in the supply area, breaking the two EMAs.

Price is above the two EMAs and the stochastic oscillator signal points up at 62%. This suggests an upward movement in the cryptocurrency price in the long-term.

TRXUSD is in consolidation and trading between $0.02800 in the upper supply area and at $0.02270 in the lower demand area of the range. A breakout at the upper supply area or breakdown at the lower area followed by a retest may occur hence patience is required to allow this to happen before a position is taken.

Author: Azeez M


Tron (TRX) Daily Price Forecast: March 28, 2019

  • The medium term is in a bearish trend while the short-term is in consolidation.
  • Patience is key as the cryptocurrency is in a range-bound market.

TRX/USD Medium-term Trend: Bearish

Supply zones: $0.04000, $0.05000, $0.06000
Demand zones: $0.01000, $0.00900, $0.00800

TRON is in a bearish trend in its medium-term outlook. The cryptocurrency shows a head and shoulder pattern with the right shoulder developing. The bullish pressure pushed price up to $0.02380 in the supply area and gradually weakens as the bears returned.

Confirmation to the bears returned occurred with the bearish engulfing candle of today’s opening session at $0.02357. TRXUSD dropped to correction to $0.02330 shortly after the opening.

With the stochastic oscillator signal pointing down at 74%, it implies a downward momentum in price of the cryptocurrency as the bearish pressure becomes stronger. $0.02213 in the demand area which is the leg of the shoulder is the bears' target as the journey down south continues.

TRX/USD Short-term Trend: Ranging

The cryptocurrency continues in a range-bound market in its short-term outlook. Several attempts were made by the strong bullish pressure to breakout at the upper supply area of the range during yesterday session.

Finally, a breakout occurred with a push of price up at $0.02377 in the supply area before the market close. The bullish momentum was sustained shortly after opening with TRXUSD up at $0.02324 in the supply area before it was lost and the cryptocurrency dropped to $0.02323 in the demand area as the cryptocurrency ranges.

$0.02356 in the supply area is the upper price range while $0.02218 in the demand area is the lower price range. A breakout from the upper supply area or a breakdown from the lower demand area may occur hence patience is required for this to play out before taking a position.

Author: Azeez M


Tron (TRX) Daily Price Forecast: March 25, 2019

  • The medium and short-term outlook is in a downtrend.
  • Responsible selling at keys areas may be considered.

TRX/USD Medium-term Trend: Bearish

• Supply zones: $0.04000, $0.05000, $0.06000
• Demand zones: $0.01000, $0.00900, $0.00800

TRON remains in a bearish trend in its medium-term outlook. The bullish pressure was weakened at $0.02479 in the supply area before the close of the market on 23rd March.

with the large bearish engulfing candle at $0.02463 of yesterday 4-hour opening session, the bears retrned. TRXUSD dropped to $0.02320 in the demand area before the close of the market.

The bears sustained the momentum after today’s bearish 4-hour opening candle at $0.02350 with a further push to the downside at $0.02287 in the demand area.

The correction to the impulsive move is necessary for the market,  hence the upward price movement. The bulls may push price up to the 23.6 fib area which is a trend reversal area before the downtrend continuation.

TRX/USD Short-term Trend: Bearish

The cryptocurrency is in a downtrend in its short-term outlook. The bears have kept the pressure up after today’s opening candle at $0.02360. TRXUSD was initially down to $0.02300 shortly after opening. Increased momentum after the minor pullback pushed price down to $0.02268 in the demand area.

The bulls are back and may push price back up to the 50-EMAs. This is necessary for the market correction before bears resume the journey down south.

The stochastic oscillator signal points up at 13% in the oversold region an indication of the upward momentum before the bears' likely stage a comeback. $0.02220 in the demand area is the bears' target in the short-term.

Author: Azeez M


Tron (TRX) Long-Term Price Forecast: March 23, 2019

  • The long-term outlook remains in consolidation.
  • The bullish pressure may be sustained within the range.

TRX/USD Long-term Trend: Ranging

Supply zone: $0.0400, $0.05000, $0.0600
Demand zone: $0.01000, $0.00800, $0.00600

Tron long-term outlook continues in a range-bound market. The bearish pressure was strong within the range as the week began with a bearish marubozu candle. TRXUSD dropped to $0.02215 in the demand area on 21st March.

The lower demand area was broken but the bearish momentum was lost while the bulls stage a returned and closed within the week above the demand area within the range at $0.02479.

Price is above the two EMAs and the stochastic oscillator signal points up at 52%. This suggests further upward movement due to increased bullish pressure within the range.

TRXUSD is in consolidation and trading between $0.02800 in the upper supply area and at $0.02270 in the lower demand area of the range. A breakout at the upper supply area or breakdown at the lower area followed by a retest may occur hence patience is required to allow this to happen before a position is taken.

Author: Azeez M


Tron (TRX) Daily Price Forecast: March 21, 2019

  • The medium term is in a bearish while the short-term is in consolidation.
  • Patience is recommended trading the consolidation.

TRX/USD Medium-term Trend: Bearish

• Supply zones: $0.04000, $0.05000, $0.06000
• Demand zones: $0.01000, $0.00900, $0.00800

TRON continues in a bearish trend in its medium-term outlook. The cryptocurrency is in a descending channel with the bears now in control of the market. The formation of a bearish railroad around the upper line signaled bears returned as TRXUSD initially drops to $0.0230.

The lower line of the channel is the bears' target as bears increase their momentum down south.

With price below the two EMAs crossover and the stochastic oscillator signal points down at 46% it suggests further downward momentum in price in the medium term. $0.0240 in the demand area is the bears' target.

TRX/USD Short-term Trend: Ranging

The cryptocurrency is a bearish trend in its short-term outlook. The cryptocurrency down to $0.02298 in the demand area while $0.02330 in the supply area was the high it attained as it consolidates during yesterday session.

Although TRXUSD was up at $0.02331 shortly after today's opening, it dropped to $0.02310 due to the bearish marubozu an indication of strong bearish pressure.

The stochastic oscillator signal is pointing down at 24% an indication that the bears are back in control and may continue towards the lower demand area of the range as the momentum increases within the range.

TRXUSD is in consolidation and trading between $0.02340 in the upper supply area and $0.02290 in the demand area is the lower price range. A breakout from the upper supply area or a breakdown from the lower demand area may occur hence patience is required for this to play out before taking a position.

Author: Azeez M


Tron (TRX) Daily Price Forecast: March 18, 2019

  • The medium-term outlook is in consolidation while the short-term is in a downtrend.
  • Responsible selling at key areas may be considered

TRX/USD Medium-term Trend: Ranging

• Supply zones: $0.04000, $0.05000, $0.06000
• Demand zones: $0.01000, $0.00900, $0.00800

TRON is in a range-bound market in its medium-term outlook. The bullish pressure that commenced on 12th March at $0.02212 in the demand area was weakened at the $0.02400 in the upper supply area of the range on 16th March. The inverted hammer signal the bears gradually returned as the cryptocurrency began a journey towards the lower demand area of the range.

TRXUSD was down to $0.02318 during yesterday session closing as a bullish spinning top. $0.02362 in the supply area was high the brief bullish pullback could take the coin before the end of yesterday session.

Today’s 4-hour opening candle was an inverted hammer an indication that the bears are back to resumed the downward journey within the range.

TRXUSD is consolidation and trading between $0.02400 in the upper supply area and at $0.02225 in the lower demand area of the range. A breakout at the upper supply area may be considered for a long position after a retest while a breakdown at the lower demand area may be a short position with good bearish candlestick pattern as confirmation.

TRX/USD Short-term Trend: Bearish

The cryptocurrency is a bearish trend in its short-term outlook. The large bearish engulfing candle signal the bears returned as TRXUSD drops to $0.02338 in the lower demand area from $0.02400 in the supply area.

The pullback to $0.02368 due to the bullish momentum was brief as the bears returned and drop the cryptocurrency to $0.02338 in the demand area.

Price is below the two EMAs and the stochastic oscillator signal points down at 27%. These imply downward momentum in price with $0.022260 in the demand area as the bears' target in the short-term.

Author: Azeez M


Tron (TRX) Long-Term Price Forecast: March 17, 2019

  • The cryptocurrency is in a range-bound market in the long-term outlook.
  • The bullish pressure are strong within the range.

TRX/USD Long-term Trend: Ranging

Supply zone: $0.0400, $0.05000, $0.0600
Demand zone: $0.01000, $0.00800, $0.00600

Tron long-term outlook continues in a range-bound market. The bears' pressure was lost after the break of the lower demand area of the range at $0.02206 on 10th March. The bulls gradually returned with the formation of a bullish spinning top as the cryptocurrency returned back into the range.

The bullish marubozu candle at $0.02279 as price rose to $0.02400 in the supply area within the range. This was the high of the week.

The stochastic oscillator signal points up at 68% an indication of upward momentum in price. Likewise, price is above the 10-EMA an indication of bullish pressure in the long-term.

TRXUSD is in consolidation and trading between $0.02800 in the upper supply area and at $0.02270 in the lower demand area of the range. A breakout at the upper supply area or breakdown at the lower area followed by a retest may occur hence patience is required to allow this to happen before a position is taken.

Author: Azeez M


Tron (TRX) Long-Term Price Forecast: March 9, 2019

  • Tron long-term outlook is a range-bound market.
  • Patience should be exercise for a breakout or a breakdown before taking a position.

TRX/USD Long-term Trend: Ranging

Supply zone: $0.0400, $0.05000, $0.0600
Demand zone: $0.01000, $0.00800, $0.00600

Tron long-term outlook remains in a range-bound market. The bears continued the downward price movement as predicted in last week article with a break at $0.02270 in the lower demand areas. TRXUSD further dropped to $0.02130 in the demand area on 4th March.

The formation of a bullish hammer indicates the bull's presence with price up at $0.02455 in the supply area on 5th March due to the bullish momentum.

Although drawdown to $0.02244 in the demand area occurred but the formation of a bullish railroad as the week session comes to an end today, suggest the bulls may continue dominance within the range as the new trading week starts.

TRXUSD is in consolidation and trading between $0.02800 in the upper supply area and at $0.02270 in the lower demand area of the range. A breakout at the upper supply area or breakdown at the lower area followed by a retest may occur hence patience is required to allow this to happen before a position is taken.

Author: Azeez M


Tron (TRX) Daily Price Forecast: March 7, 2019

  • The bears are in control of the medium and short-term outlook.
  • The journey south may have commenced with strong bears presence.

TRX/USD Medium-term Trend: Bearish

• Supply zones: $0.04000, $0.05000, $0.06000
• Demand zones: $0.01000, $0.00900, $0.00800

TRON is in a bearish trend in its medium-term outlook. The strong bearish pressure that broke the two EMAs at $0.02402 valid with TRXUSD within the 38.2 fib area. Increased bearish momentum further dropped the cryptocurrency to $0.02335 in the demand area.

With price below the two EMAs and the stochastic oscillator signal points down at 39%. It suggests that the downward momentum may continue due to the bears' strong pressure.

The 50.0 fib area at $0.02279 in the demand area is the bears' target in the medium-term outlook as it serves as a good trend reversal area.

TRX/USD Short-term Trend: Bearish

The cryptocurrency is in a bearish trend in its short-term outlook. The bear briefly lost momentum after dropping the cryptocurrency at $0.02335 in the demand area. The bullish railroad signal the bulls return within the descending channel.

$0.02380 in the supply area at the upper line of the channel was the high exhaustion sets in as the bears stage a return.

The lower line of the channel around $0.02320 in the demand area may be the bears' target in the short-term with increased bearish momentum to the downside in the short-term.


Tron (TRX) Daily Price Forecast: March 4, 2019

  • Both the medium and short-term outlook is in bearish trend.
  • $0.0200 in the demand area bears target in the medium term outlook.

TRX/USD Medium-term Trend: Bearish

Supply zones: $0.04000, $0.05000, $0.06000
Demand zones: $0.01000, $0.00900, $0.00800

TRON is in a bearish trend in its medium-term outlook. The strong bears' pressure was sustained over the weekend as the lower demand area of the range was broken on 2nd March. Increased bears pressure push price further down to $0.02273 in the demand area.

The 10-EMAserve as a strong resistance against upward price movement as rejection occurred at this point which returned the bears with a large marubozu candle at $0.02343 during yesterday market. TRXUSD dropped to $0.02277 before the end of yesterday session.

Today 4-hour opening candle is bearish at $0.02293 an indication of sustained bears pressure . TRXUSD was initially down to $0.02175 in the demand area. Increased bears pressure dropped the cryptocurrency to $0.02103. The bears may continue the journey down south as price lies below the two EMAs and the stochastic oscillator is at 9% in the oversold region.

TRX/USD Short-term Trend: Bearish

The cryptocurrency is in a bearish trend in its short-term outlook. The breakdown at $0.02380 in the lower demand area due to the bears' pressure occurred on 2nd March. The cryptocurrency has been on a downward journey thereafter.

The bearish railroad formed during yesterday session after a minor pullback confirmed the bears hold of the market. TRXUSD dropped to $0.02230 in the demand area before the end of yesterdays session.

Today’s opening candle at $0.02294 is a bearish candle, this sustained the bears' pressure. TRXUSD dropped initially to $0.02193 and later to $0.02103 in the demand area due to increased bearish momentum.

Price is below the two EMAs that are fanned apart an indication of strength in the context of the trend and in this case the downtrend. The stochastic oscillator signal is parallel an indication of a possible downtrend continuation after a brief consolidation.


Tron (TRX) Long-Term Price Forecast: March 3, 2019

  • The cryptocurrency is in a range-bound market.
  • The bears may remained in control of the market within the range

TRX/USD Long-term Trend: Ranging

Supply zone: $0.0400, $0.05000, $0.0600
Demand zone: $0.01000, $0.00800, $0.00600

Tron long-term outlook continues in a range-bound market. Last week started with a bearish spinning top with a high of $0.02390 in the supply area and a low at $0.02390 in the demand area on 24th February. The bulls failed to make a significant move within the range as price remained below the two EMAs.

The stochastic oscillator signal points down at 17% in the oversold region an indication the bears may continue downward momentum in price to be seen in the days.

TRXUSD is in consolidation and trading between $0.02800 in the upper supply area and at $0.02270 in the lower demand area of the range. A breakout at the upper supply area or breakdown at the lower area followed by a retest may occur hence patience is required to allow this to happen before a position is taken.


Tron (TRX) Daily Price Forecast: February 28, 2019

  • Both the medium and short-term outlook is in a range-bound market.
  • Traders should wait for a breakout or a breakdown before taking a positing.

TRX/USD Medium-term Trend: Ranging

• Supply zones: $0.04000, $0.05000, $0.06000
• Demand zones: $0.01000, $0.00900, $0.00800

TRON continues in a range-bound market in its medium-term outlook. The bulls managed to push TRXUSD to $0.02480 in the supply area. This was the high of the day before it lost momentum.

The strong bearish pressure ensured that the cryptocurrency made a low of the day at $0.02380 in the demand area before the end of yesterday session but showed sign of exhaustion as the candle closed as a bearish pin bar an indication of reversal and bulls return.

Although the today’s 4-hour opening candle was bullish with TRXUSD at $0.02460 in the supply area shortly after opening, the bears' pressure remained strong within the range as price drops to $0.02413 in the demand area.

TRXUSD is consolidation and trading between $0.02541 in the upper supply area and at $0.02362 in the lower demand area of the range. A breakout at the upper supply area may be considered for a long position after a retest while a breakdown at the lower demand area may be a short position with good bearish candlestick pattern as confirmation.

TRX/USD Short-term Trend: Ranging

The cryptocurrency is in consolidation in its short-term outlook. The bears' pressure was strong after a breakdown at two EMAs within the range. This saw TRXUSD dropped to $0.02380 in the demand area.

Rejection to continue the downward movement occurred with the formation of a bullish railroad before the end of yesterday session. TRXUSD went up to $0.02438 in the supply area.

Despite a bullish 1-hour opening candle at $0.02428 with the cryptocurrency up at $0.024600 in the supply area, the bears' pressure remains strong within the range as confirmed by the stochastic oscillator whose signal points down at 40% an indication downward momentum in the short-term.

$0.02525 in the supply area is the upper price range while $0.02380 in the demand area is the lower price range. A breakout from the upper supply area or a breakdown from the lower demand area may occur hence patience is required for this to play out before taking a position.


Tron (TRX) Daily Price Forecast: February 25, 2019

  • The medium-term outlook remains in consolidation while the short-term is in a bearish trend.
  • Responsible selling at key areas with bearish candlestick formation.

TRX/USD Medium-term Trend: Ranging

Supply zones: $0.04000, $0.05000, $0.06000
Demand zones: $0.01000, $0.00900, $0.00800

TRON continues in a range-bound market in its medium-term outlook. The strong bullish pressure pushed the cryptocurrency up north breaking the upper supply area on 23rd and 24th of February as TRXUSD initially rose to $0.02597 and later $0.02792 as the high of each day.

The bears returned and pushed price down to $0.02271 in the demand area before the end of yesterday session but closed within the range as a bullish candle.

Price is below the two EMAs crossover as the stochastic oscillator signal is parallel at 35% as the cryptocurrency continues in a range-bound market in the medium-term.

TRXUSD is consolidation and trading between $0.02541 in the upper supply area and at $0.02362 in the lower demand area of the range. A breakout at the upper supply area may be considered for a long position after a retest while a breakdown at the lower demand area may be a short position with good bearish candlestick pattern as confirmation.

TRX/USD Short-term Trend: Bearish

The cryptocurrency is in a bearish trend in its short-term outlook. After the strong bearish pressure dropped the cryptocurrency down at $0.02271 in the demand area, there was a momentary loss in momentum.

The bulls pullback was to the 38.2 fib area as TRXUSD rose to $0.02493 in the supply area. This was a correction to the bearish impulsive movement. This area is a trend continuation zone. It suggests that the bears may continue the movement to the south with confirmation by the stochastic oscillator signal pointing down at 37% coupled with price below the two EMAs.

$0.02271 in the demand area may be retested as the bears' pressure becomes stronger in the short-term.


Tron (TRX) Long-Term Price Forecast: February 23, 2019

  • TRXUSD remains in consolidation in the long-term outlook.
  • The bulls may maintain their dominance within the range in the days ahead.

TRX/USD Long-term Trend: Ranging

Supply zone: $0.0400, $0.05000, $0.0600
Demand zone: $0.01000, $0.00800, $0.00600

Tron long-term outlook remains in a range-bound market. The bears' pressure was lost at the beginning of the trading week at $0.02390 in the demand area. The bulls returned was indicated by the formation of a daily bullish inverted hammer in the context of a downtrend on 17th February.

TRXUSD rose to $0.02575 on 18th February after the breaking the two EMAs crossover. Increased bullish pressure within the range pushed TRXUSD $0.02650 in the supply area but closes as a bearish inverted doji an indication to the bears' presence.

Price is back up at $0.02448 in the supply area above the two EMAs crossover and the stochastic oscillator signal points up at 48%. These suggest an upward momentum in price within the range in the long-term.

TRXUSD is in consolidation and trading between $0.02800 in the upper supply area and at $0.02270 in the lower demand area of the range. A breakout at the upper supply area or breakdown at the lower area followed by a retest may occur hence patience is required to allow this to happen before a position is taken.


Tron (TRX) Daily Price Forecast: February 18, 2019

TRX/USD Medium-term Trend: Ranging

• Supply zones: $0.04000, $0.05000, $0.06000
• Demand zones: $0.01000, $0.00900, $0.00800

TRON is in consolidation in its medium-term outlook. $0.02454 in the supply area was the high while $0.02390 in the demand area was lower attained by the cryptocurrency over the weekend as it continues to range.

Today’s 4-hour opening candle at $0.02414 was bullish with price already up at $0.02575 in the supply area. Price is above the TWO EMAs crossover and the stochastic oscillator signal pointing up at 82%. These suggest the bulls may sustain the upward momentum in price within the range in the medium-term.

XLMUSD is consolidation and trading between $0.02541 in the upper supply area and at $0.02362 in the lower demand area of the range. A breakout at the upper supply area may be considered for a long position after a retest while a breakdown at the lower demand area may be a short position with good bearish candlestick pattern as confirmation.

TRX/USD Short-term Trend: Bullish

The cryptocurrency is in a bullish trend in its short-term outlook. The bulls sustained the momentum after today’s bullish opening candle at $0.02417. TRXUSD is currently up at $0.02407 in the supply area.

The cryptocurrency is forming higher highs and higher lows which are characteristics features of an up trending market.

The EMAs are fanned apart which indicates strength in the context of the trend and in this case the uptrend. Price is above the two EMAs crossover and the stochastic oscillator signal pointing up at 82%.

$0.02657 in the supply area is the bulls next target as the bullish pressure becomes strong and more candles formed above the EMAs crossover.


Tron (TRX) Long-Term Price Forecast: February 17, 2019

TRX/USD Long-term Trend: Ranging

Supply zone: $0.0400, $0.05000, $0.0600
Demand zone: $0.01000, $0.00800, $0.00600

Tron long-term outlook remains in a range-bond market. The bears return predicted in last week analysis remained strong within the range. The two EMAs were broken as the bears continue the downward journey.

TRXUSD dropped initially to $0.02448 and later to $0.02360 in the demand area. This was the low of the week on 14th February.

With price below the two EMAs crossover and the stochastic oscillator signal in the oversold region pointing up at 8%. It suggests a minor push to the upside before downtrend continuation within the range.

TRXUSD is in consolidation and trading between $0.02881 in the upper supply area and at $0.02142 in the lower demand area of the range. A breakout at the upper supply area or breakdown at the lower area followed by a retest may occur hence patience is required to allow this to happen before a position is taken.


Tron (TRX) Daily Price Forecast: January 14, 2019

TRX/USD Medium-term Trend: Bearish

Supply zones: $0.04000, $0.05000, $0.06000
Demand zones: $0.01000, $0.00900, $0.00800

TRON is in a bearish trend in its medium-term outlook. $0.02450 in the lower demand area of the range was broken yesterday 13th February due to the strong bearish pressure. TRXUSD dropped further down to $0.02368 with a bearish marubozu candle.

This implies bearish strong presence hence a continuation of the journey to the down south in the medium-term.

With price below the two EMAs a that are fanned apart which connote strength in the context of the trend and in this case the downtrend. The stochastic oscillator signal points down at in the oversold region, an indication of downward momentum in price.

The bears' target is $0.02100 in the demand area.

TRX/USD Short-term Trend: Bearish

The cryptocurrency is in a bearish trend in its short-term outlook. Despite a bullish 1-hour opening candle at $0.02443 and a brief push of price to $0.02474 in the supply area the bears pushed the cryptocurrency down to $0.02360.

The coin is in a descending channel in the short-term. The bears are currently in control of the market. Price is below the two EMAs and the stochastic oscillator in the oversold region at 15%. These imply downward momentum with the next target at the lower line of the channel.


Tron (TRX) Daily Price Forecast: February 11, 2019

TRX/USD Medium-term Trend: Ranging

Supply zones: $0.04000, $0.05000, $0.06000
Demand zones: $0.01000, $0.00900, $0.00800

TRON remain in a range-bound market in its medium-term outlook $0.02800 in the supply area was retested by the bulls on 9th February as they dominate the weekend trading activities. Exhaustion to the bullish momentum was noticed as the candle closed with a wick.

The bears returned was signaled by the bearish marubozu candle at $0.02767 and confirmation occurs after the breakdown at the two EMAs crossover. TRXUSD dropped to $0.02540 yesterday and later to $0.02448 in the demand area today as it continues in the range.

TRXUSD is ranging and trading between $0.02800 in the upper supply area and at $0.02450 in the lower demand area of the range. A breakout at the upper supply area or breakdown at the lower area may occur hence traders should be patience.

TRX/USD Short-term Trend: Bullish

The cryptocurrency is in a bullish trend in its short-term outlook. The double top formation at $0.02658 in the supply area led to the cryptocurrency down at $0.02448 in the demand area due to the bears' strong pressure.

Despite a large bearish marubozu candle, the bears' pressure was weak and downward continuation was short-lived as the bulls took over the market.

The stochastic oscillator signal points up an indication of an upward momentum at 37% with price around the 10-EMA.


Tron (TRX) Long-Term Price Forecast: February 10, 2019

TRX/USD Long-term Trend: Ranging

Supply zone: $0.0400, $0.05000, $0.0600
Demand zone: $0.01000, $0.00800, $0.00600

Tron long-term outlook continues a range-bond market. The bullish pressure was strong within the week as TRXUSD rose to $0.02969 in the supply area on 4th February. The momentum was lost as the candle closed back within the range.

The trading week ended as a bearish inverted hammer an indication that the bears' pressure may be sustained in the new trading week with TRXUSD already down to $0.02540 in the demand area after today’s opening session.

With price below the 10-EMA and the stochastic oscillator signal pointing up at 33%. It suggests a minor drawdown before upward movement within the range.

TRXUSD is in consolidation and trading between $0.02881 in the upper supply area and at $0.02142 in the lower demand area of the range. A breakout at the upper supply area or breakdown at the lower area followed by a retest may occur hence patience is required to allow this to happen before a position is taken.


Tron (TRX) Daily Price Forecast: February 7, 2019

TRX/USD Medium-term Trend: Ranging

Supply zones: $0.04000, $0.05000, $0.06000
Demand zones: $0.01000, $0.00900, $0.00800

TRON remains in consolidation in its medium-term outlook. The smooth ride down south by the bear came to an end at $0.02550 in the demand area as exhaustion sets denoted by the wick in the candle. This occurred shortly after yesterday opening session.

With the formation of a bullish railroad, TRXUSD was expected to travelled north. The otherwise was the case after the push to $0.0688 in the supply area. The bears ensured that the cryptocurrency dropped to $0.02585 in the demand area before the end of yesterday session.

Although the bullish 4-hour opening candle at $0.02587 returned the bulls pressure within the range as TRXUSD was up at $0.02684 in the supply area. The bears pressured and this paid off with TRXUSD down to $0.02606 in the demand area of the range.

TRXUSD is ranging and trading between $0.02800 in the upper supply area and at $0.02450 in the lower demand area of the range. A breakout at the upper supply area or breakdown at the lower area may occur hence traders should be patience.

TRX/USD Short-term Trend: Bearish

The cryptocurrency is in a bearish trend in its short-term outlook. Each touch at the key supply area around $0.02650 results in a bounce. After today opening price $0.02590, the bulls returned and pushed TRXUSD to $0.02685 in the supply area but closed below the key supply area.

The bears returned was signaled by the inverted hammer. Hence the journey to the south resume. The stochastic oscillator points down at 36% and price is below the two EMAs which suggest downward momentum in price in the short-term.

$0.02550 in the demand area may be retested as the bearish momentum increased and more candles opend and closed below the two EMAs.


Tron (TRX) Daily Price Forecast: February 4, 2019

TRX/USD Medium-term Trend: Ranging

Supply zones: $0.04000, $0.05000, $0.06000
Demand zones: $0.01000, $0.00900, $0.00800

TRON is in a range-bound market in its medium-term outlook. The bear dominated the market over the weekend making a low of $0.02540 in the demand area before the end of yesterday session.

Although the 4-hour opening candle was bearish at $0.02575 exhaustion gradually set in as the bulls stage a returned signaled by the doji an indication of a trend reversal.
A large bullish engulfing candle pushed the cryptocurrency up at $0.02699 in the supply area as it enters the range.

With price above the two EMAs the stochastic oscillator signal pointing up at 45%. It suggests that the bulls may dominate the range in the medium-term.

TRXUSD is ranging and trading between $0.02831 in the upper supply area and at $0.02450 in the lower demand area of the range. A breakout at the upper supply area or breakdown at the lower area may occur hence patience is required to allow this to happen before taking a position.

TRX/USD Short-term Trend: Bullish

The cryptocurrency is in a bullish trend in its short-term outlook. The lager engulfing candle at $0.02550 signaled the bulls return. TRXUSD rose to $0.02969 in the supply area. The formation of a large bearish candle signaled the bears' gradual return for a correction to the impulsive move.

TRXUSD dropped to $0.02694 in the demand area before the loss in bearish momentum.
Price is above the two EMAs and the stochastic oscillator signal pints up at in. These suggest upward momentum in price of the cryptocurrency in the short-term.


Tron (TRX) Long-Term Price Forecast: February 3, 2019

TRX/USD Long-term Trend: Ranging

Supply zone: $0.0400, $0.05000, $0.0600
Demand zone: $0.01000, $0.00800, $0.00600

Tron long-term outlook is a range-bond market. The formation of a daily inverted hammer on 27th January signaled bullish exhaustion at $0.03122 in the supply area. The bears' pressure returned the cryptocurrency back to the range after the large bearish candle of 28th January that dropped TRXUSD to $0.02544 in the demand area.

Retracement via the bullish pressure was weak could only manage a push up to $0.02850 in the supply before the bears returned again and continue the journey down to the lower line of the range.

With price below the two EMAs and the stochastic oscillator in the overbought region at 40% and its signal pointing down it suggests a downward momentum in price within the range in the coming days.

TRXUSD is in consolidation and trading between $0.02881 in the upper supply area and at $0.02142 in the lower demand area of the range. A breakout at the upper supply area or breakdown at the lower area followed by a retest may occur hence patience is required to allow this to happen before a position is taken.

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


Tron (TRX) Technical Analysis: February 1, 2019

Latest Tron News

At the end of the day, it’s going to be a tough race, a march of dominance. Even with Ethereum’s head start—organizational assets, high participation levels and time-tested platform, the emergence of new, well-marketed, cheap and scalable systems as Tron is proving a challenge.

Besides the advantages the platform offers, there are tones of programs and initiatives that are nearly irresistible. Recently, BitGuild shifted camps and more are planning to ditch Ethereum for Tron’s bait and for good reasons.

The result, therefore, is the dominance of Tron related dApps in the top 10 list as listed by dApp trackers. According to dApp Radar, the top 10 are commandeered by Tron and EOS smart contract applications with gambling apps as TronVegas taking the lion’s share. As a result, up to 95 percent dollar-to-dollar transactional values are via TRX as the latest Diar Report shows:

“Of the $5.5Bn already transacted on EOS, 70 percent go towards gambling DApps. This number is over 95% for Tron. Gambling DApps only account for a tiny 2 percent of total US Dollar transaction volume on Ethereum despite nearly half of the applications being betting spots. The overwhelming majority of trading went towards trading on DEX – and even that now faces a continuous adoption downfall.”

TRX/USD Price Analysis

Price wise and TRX is still one of the biggest performers in the top 10. Aside from usurping XLM, it is likely to replace LTC and become the seventh most valuable coin in the sphere. After all, the gap between these two megaliths is narrow at $200 million at the time of writing.

All the same, we shall retain our bullish outlook and like before, as long as TRX prices are oscillating above 2.5 cents, buyers have a stand. This preview has the backing of fundamental and technical reasons. On the macro point of view, TRX will likely expand because of BTT demand and the expected airdrop scheduled for Feb 11.

Technically, it is the resilience of bulls to reject lower lows. The main support line at 2.5 cents is well defined moving on, we expect risk-off, aggressive set of traders to buy on every dip with first targets at 4 cents—our immediate resistance line.

But this is largely dependent on how market participant reacts in the next couple of days. If assuming, prices trickle down below 2.5 cents, then our minor support level will be at 1.8 cents and 2.1 cents—lows of the double bar bull reversal pattern of Jan 13-14. If not and there are rallies above 3 cents—or the inverted hammer of Jan 27, the medium-term trajectory of TRX would have been laid bare. In that case, both sets of traders would be free to buy on every correction with first modest targets at 4 cents and later 6 cents.

All Charts Courtesy of Trading View–BitFinex

Author: Dalmas N


Tron (TRX) Daily Price Forecast: January 31, 2019

TRX/USD Medium-term Trend: Bearish

Supply zones: $0.04000, $0.05000, $0.06000
Demand zones: $0.01000, $0.00900, $0.00800

TRON returns to a bearish trend in its medium-term outlook. $0.02850 in the supply area and above the two EMAs was the high of the day as the bulls were shortlived due to exhaustion and because it is in the 50 fibs a trend reversal zone.

The bears returned gradually as TRXUSD dropped to $0.02740 in the demand area before the end of yesterday session.

With a bullish 4-hour opening candle at $0.02765 momentum to the upside is a pullback for the market correction before downtrend continuation.

The large bearish engulfing candle at $0.028550 confirmed the bears' full take over as TRXUSD dropped further down to $0.02578 in the demand area. This is within the 23.6 fibs.

With the stochastic oscillator at 40% and its signal pointing down which implies downward momentum $0.02539 in the demand area is probably as the bearish pressure becomes strong in the medium-term.

TRX/USD Short-term Trend: Ranging

The cryptocurrency is in consolidation in its short-term outlook. The bears' pressure is strong within the range after today’s opening candle at $0.02803. although minor pullback occurred within the range.

The bears returned the cryptocurrency down at $0.02803 in the demand area toward the lower demand area.

Price below the two EMAs and the stochastic oscillator signal points in the oversold region at 17%, a minor push to the upside may occur before downtrend continuation within the range.

TRXUSD is in consolidation and trading between $0.02830 in the upper supply area and at $0.02620 in the lower demand area of the range. Patience must be exercised for a breakout at the upper supply area or breakdown at the lower area with a retest flowing with trend.


Tron (TRX) Daily Price Forecast: January 28, 2019

TRX/USD Medium-term Trend: Bearish

Supply zones: $0.04000, $0.05000, $0.06000
Demand zones: $0.01000, $0.00900, $0.00800

TRON returns to a bearish trend in its medium-term outlook. After a progressive journey to the supply area ta $0.03122 in the supply area, the bulls lost momentum. The bears kept the pressure strong with the formation of a large bearish marubozu candle at today’s opening.

The cryptocurrency initially dropped to $0.02685. Strong bearish momentum increase led to a further drop in price to $0.02544 in the demand area.

TRXUSD structure in the medium term is the head and shoulder pattern. It suggests that the bears remained in full control and price may be down to the $0.02400 in the demand area in the medium-term.

TRX/USD Short-term Trend: Bearish

The cryptocurrency is in a bearish trend in its short-term outlook. The 1hour opening candle signaled the bears possible takeover and later confirmed by the bearish engulfing at $0.02910 that broke the EMAs crossover and closed below it.

TRXUSD was initially to $0.02682 before minor pullback which saw the coin back up at $0.02866 in the supply area. This was a correction to the downward move and after exhaustion, the bears returned $0.02544 in the demand area was the low attend as another correction resume before the bears stage a strong comeback in the short-term.


Tron (TRX) Long-Term Price Forecast: January 27, 2019

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 in a bullish trend. The journey upward within the range was actually continued as predicted in last week analysis. The bullish pressure broke the upper supply area of the range at $0.02881 as the week ended on 26th January.

TRXUSD rose to $0.02961 in the supply area and closed above the two EMAs.

The new week started on a bullish note with $0.02897 as the opening price. The cryptocurrency is already up at $0.03122 in the supply area due to the bullish momentum. With the stochastic oscillator in the overbought region at 87% and its signal pointing up it suggests an upward momentum in price within the coming days.

A retest of $0.03585 in the supply area may occur in this week as the bullish pressure becomes much stronger and more candle opened and closed above the two EMAs.


Tron (TRX) Daily Price Forecast: January 24, 2019

TRX/USD Medium-term Trend: Bullish

Supply zones: $0.04000, $0.05000, $0.06000
Demand zones: $0.01000, $0.00900, $0.00800

TRON is back in a bullish trend in its medium-term outlook. The cryptocurrency is in an ascending channel. After a successful ride to $0.02767 in the supply area which was around the upper line of the channel, the bulls lost momentum.

$0.02624 at the lower line of the channel was attained by the bears before exhaustion as the candles closed with wicks around the line which implies the bulls are back in control which was also confirmed by the bullish pinbar.

TRXUSD was up at $0.02760 in the supply area as the momentum builds up for the upper line of the channel at $0.02767 in the supply area as the bulls target in the medium-term
.TRX short-term outlook is a bullish trend. The cryptocurrency outlook is that of a higher high and higher lows that are features of an up trending market. $0.02638 in the demand area was the latest low as new high of the day is the next target with the bullish momentum increased in the short-term.

Price is above the two EMAs which serve as support for the bulls come back each time the drawdown occurs which is necessary for the market correction.


Tron (TRX) Daily Price Forecast: January 21, 2019

TRX/USD Medium-term Trend: Ranging

Supply zones: $0.04000, $0.05000, $0.06000
Demand zones: $0.01000, $0.00900, $0.00800

TRX remains in a range-bound market in its medium-term outlook. $0.02334 in the demand area was the low attained by the cryptocurrency over the weekend as the bears dominate the market.

The bulls are taking over the control of the range with the formation of an engulfing candle at $0.02387 pushing TRXUSD to $0.02652 in the supply area. Furthermore, the stochastic oscillator signal points up at 78%. It suggests continuation in upward price movement within the range in the medium-term.

TRXUSD is in consolidation and trading between $0.02652 in the upper supply area and at $0.02298 in the lower demand area of the range. Traders should wait for a breakout at the upper supply area or breakdown at the lower area with a retest before a position is taken.

TRX/USD Short-term Trend: Bullish

TRX short-term outlook is a bullish trend. The strong bearish pressure was dominant over the weekend as TRXUSD dropped to $0.02334 in the demand area. This was the lower line of the descending channel. The bullish railroad was a sign that the bulls are back.

Today’s opening though bearish but the bullish pressure returned much stronger with a breakout from the upper line of the channel. TRXUSD was up at $0.02580 as the journey north.

The stochastic oscillator signal points up at 84% in the overbought region and price above the two EMAs crossover. These suggest upward momentum in price as more candles formed and closed above the EMAs in the short-term.


Tron (TRX) Long-Term Price Forecast: January 19, 2019

TRX/USD Long-term Trend: Ranging

Supply zone: $0.03500, $0.04000, $0.04500
Demand zone: $0.01000, $0.00800, $0.00600

Tron long-term outlook continues in a range-bound market. The bears sustained the momentum down south as predicted with the cryptocurrency making a low at $0.02118 in the demand area on 13th January.

It was a retest of the demand area after price breakout on 4th January. The long bullish engulfing candle confirms the bulls' presence with a push of price up the supply area at $0.02700.

The journey upwards within the range may continue in the days ahead as price sits above the 10-EMA.

TRXUSD is in consolidation and trading between $0.02881 in the upper supply area and at $0.02142 in the lower demand area of the range. A breakout at the upper supply area or breakdown at the lower area followed by a retest may occur hence patience is required to allow this to happen before a position is taken.


Tron (TRX) Daily Price Forecast: January 17, 2019

TRX/USD Medium-term Trend: Ranging

Supply zones: $0.04000, $0.05000, $0.06000
Demand zones: $0.01000, $0.00900, $0.00800

TRX is in a range-bound market in its medium-term outlook. Despite a bearish opening yesterday at $0.02467 the bulls gathered enough momentum for a move to the upside.

TRXUSD was up at $0.02573 in the supply area, above the two EMAs. The momentum was lost before the end of the day as the bears dropped the cryptocurrency to $0.02490 in the demand area.

The bears sustained the momentum when the market opened today. The large bearish candle broke the two EMAs and pushed price down to $0.02430 in the demand area as TRXUSD consolidates in the medium-term.

$0.02610 in the supply area remains the upper price range while $0.02338 in the demand area is the lower price range. A breakout from the upper range may be considered a buy while a breakdown at the lower range may be considered for a sell after a retest.

TRX/USD Short-term Trend: Ranging

TRX is in a range-bound market in its short-term outlook. The bullish pressure from yesterday opening was sustained as TRXUSD was pushed up to $0.02573 in the supply area before it began to weaken due to exhaustion.

The bears returned before the end of yesterday session after the bearish spinning top formation. TRXUSD dropped to $0.02430 in the demand area shortly after today’s opening.
The bulls and the bears are still in contention for dominance as price hovers around the two EMAs and the stochastic oscillator signal is parallel at 28%.

TRXUSD is in consolidation and trading between $0.02600 in the upper supply area and at $0.02380 in the lower demand area of the range. Traders should wait for a breakout at the upper supply area or breakdown at the lower area with a retest before a position is taken.


Tron (TRX) Daily Price Forecast: January 14, 2019

TRX/USD Medium-term Trend: Bullish

Supply zones: $0.04000, $0.05000, $0.06000
Demand zones: $0.01000, $0.00900, $0.00800

TRX returns to a bullish trend in its medium-term outlook. An inverted head and shoulder pattern is the cryptocurrency structure in the medium-term. After a drop in price to $0.02118 in the demand area, the bears lost momentum setting up the bulls return signaled by the bullish spinning top that ended yesterday session.

The bullish engulfing candle of today’s opening at $0.02152 confirmed the bullish takeover. TRXUSD rose to $0.02571 in the supply area as the bears took over for a brief draw down to $0.02331 in the demand area for a market correction before uptrend continuation.

The right shoulder is developing as the bulls are back. a few hours after opening. $0.0300 in the supply area is the initial bulls target with the stochastic oscillator signal pointing up which suggest upward momentum in price in the medium-term.

TRX/USD Short-term Trend: Bullish

TRX is in a bullish trend in its short-term outlook. Rejection at the $0.02110 in the demand area was key to the bullish rally that is unfolding which was confirmed by the engulfing candle at $0.02151 breaking the two EMAs crossover.

TRXUSD was up at $0.02571 in the supply area before a drop to $0.02331 in the demand area as the cryptocurrency forms higher highs an higher lows which area up trending market features.

Price is above the two EMAs and the stochastic oscillator signal up at 65% an indication of upward momentum in price.


Tron (TRX) Long-Term Price Forecast: January 12, 2019

TRX/USD Long-term Trend: Ranging

Supply zone: $0.04000, $0.05000, $0.06000
Demand zone: $0.01000, $0.00800, $0.00600

Tron long-term outlook is a range-bound market. The bulls had a massive movement to the upside in the week as TRXUSD rose to $0.03584 in the supply area on 10th January. This surpasses the $0.02400 target predicted in last week analysis.

The formation of bearish long-tailed candle signaled exhaustion in the bullish momentum and bears gradual returned as the cryptocurrency consolidates.

Price is below the 10-EMA and the stochastic oscillator signal points down at 44% an indication of downward momentum in price within the range in the days ahead.

TRXUSD is in consolidation and trading between $0.02881 in the upper supply area and at $0.02142 in the lower demand area of the range. A breakout at the upper supply area or breakdown at the lower area followed by a retest may occur hence patience is required to allow this to happen before a position is taken.


Tron (TRX) Daily Price Forecast: January 10, 2019

TRX/USD Medium-term Trend: Bullish

Supply zones: $0.04000, $0.05000, $0.06000
Demand zones: $0.01000, $0.00900, $0.00800

TRX continues in a bullish trend in its medium-term outlook. The bulls had a nice ride to the north with pressure remained strong with a retest of the key supply area at $0.03000 and ended the day with a bullish marubozu candle as TRXUSD was up at $0.03143 in the supply area.

The bullish pressure was lost shortly after opening when TRXUSD rose to $0.03584 in the supply area that was due to the formation of a bearish spinning top as the bears gradually return.

TRXUSD was down to $0.02876 in the demand area at the 10-EMA. Two scenarios could happen for a bullish return. First, the bulls may return from the 10-EMA and resume the uptrend while the second option is that the bears' pressure may continue to push to the key demand area before a possible uptrend resumption.

TRX/USD Short-term Trend: Bullish

TRX continues in a bullish trend in its short-term outlook. The bullish pressure was strong as cryptocurrency made a new high at $0.03028 in the supply area before the momentum loss. The bears stage a return as TRXUSD went down to $0.02800 in the demand area before the end of yesterday session.

Today’s opening saw the bulls stage a comeback with a large bullish candle at $0.02870 as TRXUSD rose initially to $0.030430 and later at $0.03143 due to increased bullish momentum.

The bears are back as an inverted hammer was formed as TRXUSD drops to $0.02861 in the demand area. This bears activities are pullback necessary for the market correction before uptrend continuation.


Tron (TRX) Long-Term Price Forecast: January 6, 2019

TRX/USD Long-term Trend: Bullish

Supply zone: $0.03500, $0.04000, $0.04500
Demand zone: $0.01000, $0.00800, $0.00600

Tron long-term outlook is a bullish trend. The bulls returned after a drop in price to $0.01920 in the demand area on 1st January. Progressive upward price movement led a pushed of TRXUSD to $0.02425 in the supply on 5th January. This was the high of the week and also a retest of the $0.02400 key supply area.

The new trading week opened bullish at $0.02262 which was high than last week opening price at $0.02045. An indication of strong bullish pressure.

With the stochastic oscillator signal pointing up at 63% and price above the two EMAs crossover. These imply upward momentum in price of the cryptocurrency.

A breakout is most probable at $0.02400, the key supply area as price journey up north in the long-term.


Tron (TRX) Daily Price Forecast: January 3, 2019

TRX/USD Medium-term Trend: Ranging

Supply zones: $0.03000, $0.04000, $0.04500
Demand zones: $0.01000, $0.00900, $0.00800

TRX remains in a range-bound market in its medium-term outlook. The new year saw the bearish pressure within the range lost with the formation of bullish marubozu candle on 1st at $0.01939 and 2nd January at $0.01992 which signaled the bulls return.

The bullish pressure was strong within the range as TRXUSD was up at $0.02112 in the supply area before the end of yesterday session.

Price is above the two EMAs crossover and the stochastic oscillator signal is in parallel line 81% which implies a ranging market

TRXUSD is consolidation and trading between $0.02168 in the upper supply area and at $0.01901 in the lower demand area of the range. Traders should be patient for a breakout at the upper supply area for buy opportunities or breakdown at the lower demand area for sell opportunities in the medium-term outlook.

TRX/USD Short-term Trend: Bullish

TRX is in a bullish trend in its short-term outlook. The formation of higher highs and higher lows from the 1st January which are uptrend characteristic is seen in the TRXUSD short-term outlook.

Yesterday the bulls open the session at $0.01980 and sustained the pressure till the end of the session as TRXUSD rose to $0.02085 in the supply area.

A new high of $0.02085 was attained shortly after today’s opening before the loss in momentum which paves the way for the bears to form the higher low as the cryptocurrency continues its journey up north.

Price is above the two EMAs and the stochastic oscillator signal points up at 38% an indication of upward momentum in the cryptocurrency price in the short-term.


Tron (TRX) Daily Price Forecast: December 31, 2018

TRX/USD Medium-term Trend: Ranging

Supply zones: $0.03000, $0.04000, $0.04500
Demand zones: $0.01000, $0.00900, $0.00800

TRX continues in a range-bound market in its medium-term outlook. The bearish spinning top at $0.01809 in the demand area on 28th December was an indication of the bulls return after a bearish run from $0.01860 in the supply area that started on 26th December.

TXRUSD rose to $0.02959 in the supply area and lost momentum. The bearish doji at $0.02116 followed by a bearish candle at $0.02140 confirmed the bears take over of the market as TRXUSD initially dropped to $0.02001 and later to $0.01990.

Price is between the two EMAs a sign of consolidation and the stochastic oscillator is in the oversold region. These suggest downward momentum in price within the range.

TRXUSD is ranging and trading between $0.02168 in the upper supply area and at $0.01901 in the lower demand area of the range. Traders should be patient for a breakout at the upper supply area for buy opportunities or breakdown at the lower demand area for sell opportunities in the medium-term outlook.

TRX/USD Short-term Trend: Bearish

TRX continues in a bearish trend in its short-term outlook. The rejection of upward price movement at $0.02150 in the key supply area was an indication of strong bearish pressure in the short-term.

Despite a bullish 1-hour opening at $0.02037 that pushed the cryptocurrency up at $0.02066 in the supply area, the bears returned and pushed price down. $0.01994 in the demand area was the current low the bear dropped TRXUSD with a strong indication of further drop before the end of the session.

The stochastic oscillator signal points down at 6% in the oversold region and the price below the two EMAs. These indicate further downward movement in the cryptocurrency with $0.01827 in the demand area a possible target.


Tron (TRX) Long-Term Price Forecast: Dec 29, 2018

TRX/USD Long-term Trend: Bullish

Supply zone: $0.03500, $0.04000, $0.04500
Demand zone: $0.01000, $0.00800, $0.00600

Tron long-term outlook remains in a bullish trend. The strong bullish pressure was sustained as TRXUSD made an initial high of $0.02310 in the supply area on 21st December. The cryptocurrency further went up to $0.02430 on 24th December as the pressure weakens and the daily candle closed as an inverted bearish long-tailed candle, a trend reversal signal.

The brief bearish pressure dropped price initially at $0.01890 and later at $0.01831 on 28th December as a rejection to further downward movement occurred and the bulls stage a returned and pushed price back up to $0.02159 in the supply area.

Price is above the two EMAs crossover an indication that bulls remained in control and may continue the journey up north in the new trading weeks. $0.02600 in the supply are may be retested as more candles open and closed above the two EMAs in the long-term.


Tron (TRX) Daily Price Forecast: December 27, 2018

TRX/USD Medium-term Trend: Ranging

Supply zones: $0.03000, $0.04000, $0.04500
Demand zones: $0.01000, $0.00900, $0.00800

TRX returns to a range-bound market in its medium-term outlook. The bullish pressure pushed the cryptocurrency to $0.02150 in the supply area before the loss in momentum denoted by wicks in the candle as the bears returns. The bearish railroad formed at $0.02122 was a confirmation of the bears' return as TRXUSD dropped to $0.01976 in the demand area

The bulls returned again before the end of yesterday session as pushed TRXUSD back up to $0.02098 in the supply area. With a bearish inverted hammer formed at today's 4-hour opening candle, TRXUSD further dropped to $0.01988 as the cryptocurrency ranges.

TRXUSD is in consolidation and trading between $0.02168 in the upper supply area and at $0.01901 in the lower demand area of the range. Traders should be patient for a breakout at the upper supply area for buy opportunities or breakdown at the lower demand area for sell opportunities in the medium-term outlook.

TRX/USD Short-term Trend: Bearish

TRX is in a bearish trend in its short-term outlook. The cryptocurrency is in a descending channel pattern. The bears returned after the loss in bullish momentum at $0.02076 in the supply area.

The inverted bearish hammer was a good reversal signal as TRXUSD dropped to $0.01988 in the demand area.

The bulls are currently pushing price up the upper line of the channel. Each touch result in a bounce, hence a bounce to the downside is imminent as the bears target the lower line of the channel in the short-term.


Tron (TRX) Daily Price Forecast: December 24, 2018

TRX/USD Medium-term Trend: Bullish

Supply zones: $0.03000, $0.04000, $0.04500
Demand zones: $0.01000, $0.00900, $0.00800

TRX remains in bullish trend in its medium-term outlook. The strong bullish pressure kept creating unique highs in the supply area mostly especially after a pullback. 21st December saw TRXUSD made a high at $0.02310.

Todays’ 4-hour opening candle $0.02140 saw the momentum increased as TRXUSD initially up at $0.02300 and later at $0.02430 in the supply area.

Price remains above the two EMAs crossover that is fanned apart which implies strength in the context of the trend and in this case the uptrend. The stochastic oscillator is in the overbought region at 82%and its signal points up, it suggests further upward momentum in price in the medium-term.

A minor retracement to the downside may occur but the bullish pressure remains strong.

TRX/USD Short-term Trend: Bullish

The cryptocurrency continues in a bullish trend in its short-term outlook. The bulls enjoyed a nice ride to the north. TRXUSD had an uptrend structure of higher highs and higher lows formation.

After a low opening at $0.02131, the bulls pushed the cryptocurrency up to $0.02430 in the supply area.

The bears are currently in control to create another low before the bulls return for another new high in the short-term.


Tron (TRX) Long-Term Price Forecast: Dec 22, 2018

TRX/USD Long-term Trend: Bullish

Supply zone: $0.03500, $0.04000, $0.04500
Demand zone: $0.01000, $0.00800, $0.00600

Tron long-term outlook is a bullish trend. The bullish pressure within the range started on 17th December when a break at the 10-EMA occurred shooting TRXUSD up to $0.01521 in the supply area. The pressure became much stronger breaking the $0.01706 of the upper supply area of last week analysis on 20th December and closes above it with the cryptocurrency up at $0.01798 in the supply area.

TRXUSD was able to make a new higher high at $0.02310 in the supply area on 21 December after over a month of bears dominated market as the journey north might have begun as more bullish candles formed and closed above the two EMAs.

Price is above the two EMAs crossover an indication of bulls’ pressure. The stochastic oscillator is in the overbought region at 82% with its signal pointing up. This suggests sustained upward momentum in the long-term.


Tron (TRX) Daily Price Forecast: December 17, 2018

TRX/USD Medium-term Trend: Ranging

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.

TRX/USD Short-term Trend: Ranging

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.


Tron (TRX) Long-Term Price Forecast: Dec 16, 2018

TRX/USD Long-term Trend: Ranging

Supply zone: $0.03500, $0.04000, $0.04500
Demand zone: $0.01000, $0.00800, $0.00600

Tron long-term outlook remains in a range-bound market. $0.01439 in the supply area was the high attained by the bullish pressure on 9th December. TRXUSD dropped to $0.01260 on 14th December which was the low of the week. All within the range.

With the week ended as a bullish doji, the bulls may prevail within the range in the come days.

Price is around the 10-EMA which act as a resistance against the upward price movement. The stochastic oscillator is at 23% and its signal is in parallel line an indication of the ranging scenario.

TRXUSD is consolidation and trading between $0.01706 in the upper supply area and at $0.01113 in the lower demand area of the range. A breakout at the upper supply area may be considered for a long position while a breakdown at the lower demand area may be a short position with good candle pattern as confirmation for entries. Hence patience is needed to allow this occurred before taking any position.


Tron (TRX) Technical Analysis: December 14, 2018

Latest Tron News

Most intriguing about Tron as a project is their multi-faced, multilateral approach. While they strive to make the world a better place via blockchain, they are also caught up in a race for supremacy. On one hand, they are more dominant Ethereum which despite market downturns continues to draw developers who prefer the legacy proof of work systems save scalability concerns.

Read: PAX Surpasses $5 Billion In First Quarter Since Release As Stable coin Market Continues To Thrive

But at the pace of development, this might be changing and very soon Tron might be a dApp arena of choice for developers. After all, Tron is better, faster and as reiterated by the platform’s founder is “very” cheap.

That’s not all, various milestones as the launch of their Virtual Machine—which by the way is compatible with Ethereum has made it easier for Tron account holders to issue tokens just for 1024 TRXs. Token issuing is pretty straightforward and there are two categories—TRC-10 which is native to the platform and TRC-20 for smart contracts.

Also Read: TRON Announces 70 TRX Investors Will Be Awarded Exclusive Blockchain Cuties In-Game Items

Of course, this is the kind of development the community is desirous of. Add that to incentives and Tron inroads to the multi-billion gaming industry via Arcade and it’s a sparkling future. But, amid the dropping prices, a take away is the rate of adoption, the dedication of the platform towards development and the support Tron has on the community. In less than eight months, Tron has seen account numbers swell and transactions spike surpassing those of EOS and Ethereum. This is overly positive more so for TRX hodlers.

TRON (TRX) Price Analysis

TRX/USD Daily Chart

TRX/USD Price Analysis

Not surprising, TRX is the top performer in the last week adding close to three percent. Better still, it is very steady in lower time frames and though prices continue to slide to new lows, we expect a recovery as the year draws to a close.

Note that TRX is down >85 percent from 2017 peaks, trading within a bear breakout pattern after crashing several supports throughout the year. Now, it’s only natural for prices to snap back and correct higher. For that to happen—and as reiterated in previous TRX/USD trade plan, bulls must build up enough momentum and edge past 1.5 cents—previous support now resistance.

Assuming it prints, this surge must be accompanied by volume spikes showing support in lower time frames.

TRX/USD 4HR Chart

TRX/USD Price Analysis

Here, TRX/USD is consolidating and it’s a disarray to say the least. None of our last trade conditions have been met and until there are moves above 1.5 cents—1.7 cents resistance levels as laid out above, bears are in control.

But, with the optimism around the space and on-chain development and partnerships, odds are TRX/USD will expand drawing interest/demand.

If not and there it will be a slide back below 1 cent towards Jan 24 lows.

This is how our TRX/USD Trade plan will be assuming there are gains above 1.5 cents:

  • Buy: 1.5 cents
  • Stop: 1.4 cents
  • Target: 2 cents, 3 cents

*Charts Courtesy of Trading View

Author: Dalmas N


Tron (TRX) Daily Price Forecast: December 13, 2018

TRX/USD Medium-term Trend: Bearish

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

TRX is in a bearish trend its medium-term outlook. The retracement to the upside by the bull after the drop from the 61.8 fib level ($0.01439) got terminated around the 50 fib level (0.01396) in the supply area on 12th December.

The bears resumed the downward journey before the end of yesterday with a drop in price to $0.01355 as a bearish inverted hammer was formed.

The 4-hour opening candle was bearish at $0.01356 and this sustained the bearish pressure with the coin down at $0.01334. Price is around the two EMAs and the stochastic oscillator signal points down at 48%. This suggests further downward price movement in the medium-term.

As the bears' pressure becomes much stronger a retest at $0.01110 in the demand area is possible in the medium-term.

TRX/USD Short-term Trend: Bullish

The cryptocurrency is in a bullish trend in its short-term outlook. After it dropped the cryptocurrency at $0.01334 in the demand area the bears lost control to the bull.

Confirmation to the bulls takeover was seen after the bullish marubozu candle broke the two EMAs at $0.01347. TRXUSD is currently up at $0.01370 in the supply area.

The key supply area at $0.0140 is the bulls’ initial target. A break above and retest at this area will imply bullish continuation while a rejection suggests a possible return of the bears.

Price is above the two EMAs and the stochastic oscillator at with its signal pointing up. This means upward momentum in price as the bulls’ pressure becomes stronger in the short-term.


Tron (TRX) Daily Price Forecast: December 10, 2018

TRX/USD Medium-term Trend: Bearish

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

TRX continues in a bearish trend in its medium-term outlook. The cryptocurrency is in a downward channel. The formation of a bearish inverted hammer at $0.1412 toward the end of yesterday session around the upper line of the of the channel form a strong confluence for the bears returns.

$0.1330 in the demand area was the initial point the bears' pressure dropped the cryptocurrency as it momentum gradually increases.

Price lies below the EMA crossover and the stochastic oscillator signal is pointing down a strong indication of downward momentum in price in the medium-term. $0.01220 at the lower line of the channel remains the bears' target.

TRX/USD Short-term Trend: Bearish

The cryptocurrency is in a bearish trend in its short-term outlook. The bearish railroad formed after today’s opening at $0.01390 kept the bears in control as TRXUSD was down to $0.01334 in the demand area.

Increased momentum led to a further drop in price to $0.01330. This was a break after the fourth touch on the trendline.

Price is below the two EMAs crossover and the stochastic oscillator is in the oversold region at 19% and its signal points down. It implies downward momentum in price as the bears' pressure becomes much stronger in the short-term.


Tron (TRX) Long-Term Price Forecast: Dec 9, 2018

TRX/USD Long-term Trend: Ranging

Supply zone: $0.03500, $0.04000, $0.04500
Demand zone: $0.01000, $0.00800, $0.00600

Tron long-term outlook is in a range-bound market. The journey down south was continuous last week ended as the bulls lack the momentum to sustain the upward price movement. This failure returned the bears on 2nd December with a bearish spinning top at $0.01521.

The bears kept pressure up as the cryptocurrency made a retest at $0.01222 in the demand area on 7th December.

Price hovers around the 10-EMA with the stochastic oscillator at 37% and its signal parallel an indication of the ranging scenario.

TRXUSD is consolidation and trading between $0.01706 in the upper supply area and at $0.01113 in the lower demand area of the range. A breakout at the upper supply area may be considered for a long position while a breakdown at the lower demand area may be a short position with good candle pattern as confirmation for entries. Hence patience is needed to allow this occurred before taking any position.


Tron (TRX) Technical Analysis: December 7, 2018

Latest Tron News

No doubt, Tron is a force in the crypto and blockchain space. And as we all know, they are super active in marketing their platform. Justin Sun, the co-founder of the platform has been caught on several occasion hyping non-events to the detriment of the investors who sank their monies moments after a “major announcement” was made public. Nevertheless, their efforts are now paying off and after days of solicitations, some projects are heeding to their calls.

Read: Morgan Creek Digital Bets $1 Million That Crypto Will Outperform S&P 500 Over Next 10 Years

BitGuild, a blockchain based gaming platform is in the progress of migrating its dApp, Bitizen from Ethereum to Tron and urging gamers to be patient as they make the switch. Of course, there are many goodies in Tron aside from speed and high throughput.

Incentives as the Tron accelerator and just recently the announcement of Tron Arcade could be the impetus that will etch Tron’s position in the multi-billion gaming industry of which Justin Sun is keen on making it synonymous with the platform.

Also Read: Retired Richard J. Corcoran Brought Into Institutional Crypto Market By BitGo

Going forward, we expect Tron to find support mostly because its VM is compatible with that of Ethereum’s and with plans to integrate more privacy features, investors and platform users stand to benefit from their community-centric drive. This will surely push demand for TRX cementing its spot in the top 10.

Tron (TRX) Price Analysis

TRX/USD Weekly Chart

TRX/USD Price Analysis

11 months later and bears aren’t slowing down. As a matter of fact, sellers are firmly in charge and shows no signs of bulging, crashing market expectations.

From candlestick layout, it will be a tall order for bulls to make a come back unless of course there is a spike in market participation driving prices above last week’s highs of 1.7 cents. That may kick-start the overall process of reversing Nov 2018 losses and perhaps ignite the next wave of bulls lifting prices to at least 50 percent of TRX’s peak market cap.

At the moment though, prices are trending within a bear breakout pattern and as long as prices trend below 1.5 cents with light volumes, TRX/USD could disintegrate and test Jan 2018 lows in no time.

TRX/USD Daily Chart

TRX/USD Price Analysis

Encouragingly, TRX is bullish in this time frame. As TRX/USD price action is stuck within tight ranges, bulls could make a comeback as long as prices are trading within Nov 28 high low and above 1 cent.

Of course, that will be extremely bullish and could build the necessary building blocks for further gains towards 1.5 cents as the bear breakout pattern of the week ending Nov 25 is canceled.

However, steady rejection of higher highs and the resurgence of bears, driving prices below 1 cent or Nov lows could signal trend continuation as prices collapse towards Jan 24 lows.

All Charts Courtesy of Trading View

Author: Dalmas N


Tron (TRX) Daily Price Forecast: December 6, 2018

TRX/USD Medium-term Trend: Bullish

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

TRX returns to a bullish trend in its medium-term outlook. The cryptocurrency is in a nice bullish pennant with an expected breakout from the upper trendline after the upward movement that saw TRXUSD at $0.1484 in the supply area.

The bulls briefly lost momentum to the bears and the cryptocurrency was down to $0.1396 in the demand area before the end of yesterday session.

The formation of a bullish spinning to signaled the bulls return as price was up to $0.1460 in the supply area after an initial drop to $0.1364 in the demand area earlier today. As the bullish pressure becomes much stronger a breakout from the triangle may occur.

$0.1700 in the supply area may be the bulls initial target.

TRX/USD Short-term Trend: Bullish

The cryptocurrency is in a bullish trend in its short-term outlook. The cryptocurrency provides a double bottom pattern or a W. The bears' pressure was lost after TRXUSD dropped $0.01364 in the demand area earlier today.

The right wing of the W is been formed as the bulls stage a return from the demand area with an engulfing candle. TRXUSD was initially up at $0.01458.

Price is above the two EMAs crossover an indication of bulls presence coupled with the stochastic oscillator at77% and it signal points up. These suggest upward momentum in price in the short-term.


Tron (TRX) Daily Price Forecast: December 3, 2018

TRX/USD Medium-term Trend: Bearish

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

TRX remains in a bearish trend in its medium-term outlook. The bullish retracement that on 30th November was terminated on 2nd December after TRXUSD was up at $0.01573 in the supply area. This was because this area was the 61.8 fib level, a trend reversal zone combined with the closed of an inverted hammer.

The bears are gradually pushing price down south. $0.01420 in the demand area was the low of cryptocurrency after a bearish opening with a large engulfing candle.

Price is below the 10-EMA and Fibonacci diagonal line an indication of bear pressure coupled with the signal of the stochastic oscillator pointing down an indication of downward price movement in the medium-term.

TRX/USD Short-term Trend: Bearish

The cryptocurrency is in bearish trend in its short-term outlook. The bullish move to the critical supply area witnessed strong resistance as the bearish pressure that pushed the cryptocurrency to $0.01484 in the demand area on 2nd December. The session ended yesterday with another push into the critical supply area at $0.01538.

The bears' pressure once again pushed TRXUSD down to $0.01420 in the demand area earlier today. Price is below EMAs crossover an indication of bears presence. $0.01250 in the demand area may be the bears target in the short-term.


Tron (TRX) Long-Term Price Forecast: Dec 1, 2018

TRX/USD Long-term Trend: Bullish

Supply zone: $0.03500, $0.04000, $0.04500
Demand zone: $0.01000, $0.008000, $0.00500

Tron long-term outlook resumes as a bullish trend. The strong bearish pressure was gradually weakening on 25th November after the cryptocurrency dropped to $0.01110 in the demand area and the candle closed as a doji an indication of a trend reversal.

Although price was up at $0.01323 in the supply area due to bulls’ brief return, the bears did push price down to $0.01223 in the demand area on 27th November.

Confirmation to the bulls’ takeover occurred on 28th November with a large bullish engulfing candle that pushed TRXUSD to $0.01600 in the supply area. Increased bullish momentum raised price to $0.01710.

Price is below the10-EMA with the stochastic oscillator signal pointing up at 43% an indication of upward price movement as the bulls’ momentum is sustained in the long-term.


Tron (TRX) Daily Price Forecast: November 29, 2018

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.


Tron (TRX) Daily Price Forecast: November 26, 2018

TRX/USD Medium-term Trend: Bearish

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

TRX continues in a bearish trend in its medium-term outlook. The cryptocurrency is in a downward channel as the bears held the market under control.

After the bearish railroad made a touch at the upper line of the channel on 24th November, the bears stage a strong comeback that dropped the cryptocurrency to $0.01110 in the demand area on 25th November before losing momentum.

TRXUSD was up at $0.01323 on the upper line of the downward channel due to the bullish pressure. A bounce is most probable because this is the second touch. The bears show sign of arrival as price is gradually going down south.

The lower line of the channel may be the bears' initial target in the demand area as price lies below the two EMAs an indication of bears pressure in the medium-term.

TRX/USD Short-term Trend: Ranging

The cryptocurrency is in consolidation in its short-term outlook. The strong bearish pressure that dropped price at $0.01158 in the demand area from $0.01426 in the supply area was weakened as the candle closed as a bullish hammer.

The bulls full takeover was confirmed after the bullish candle closed above the 10-EMA. TRXUSD was up at $0.01323 in the supply area. Lack of momentum to sustain the uptrend led to rejection at the supply area and subsequently the gradual drop price of the cryptocurrency as it enters the range in the short-term.

Price is below the two EMAs an indication to bears’ pressure. The stochastic oscillator is in at 24% but its signal points down. This further confirms the bearish momentum within the range in the short-term.

TRXUSD is consolidation and trading between $0.01322 in the upper supply area and at $0.01155 in the lower demand area of the range. Patience is key during this period. A breakout at the upper supply area or breakdown at the lower demand area is imminent but traders should allow this to occur before taking a position.


Tron (TRX) Long-Term Price Forecast: Nov 25, 2018

TRX/USD Long-term Trend: Bearish

Supply zone: $0.03000, $0.03200, $0.03400
Demand zone: $0.01000, $0.00500, $0.0010

Tron long-term outlook continues is in a bearish trend. The strong bearish pressure  broke the predicted retest at $0.0160 effortless on 19th November as the cryptocurrency dropped to $0.01569 and went further down to close the week with a large bearish candle at $0.01208 in the demand area.

The new week opened at $0.01265 lower than last week opened at $0.01907. This implies that a bearish week may be witness again and the downward journey continued with the cryptocurrency bound to make another new low.

Furthermore, the second target at $0.01200 in last week analysis is already broken earlier this morning and the coin down to $0.01151 in the demand area.

Price remains below the two EMAs crossover and the EMAs are fanned apart which suggests strength in the context of the trend and in this case the downtrend. The stochastic oscillator is in the oversold region at 8% and its signal points down which suggest momentum to the downside as the bear pressure becomes much stronger.


Tron (TRX) Daily Price Forecast: November 22, 2018

TRX/USD Medium-term Trend: Bearish

Supply zones: $0.02500, $0.02600, $0.02700
Demand zones: $0.01100, $0.01000, $0.00900

TRX remains in a bearish trend in its medium-term outlook. The bullish pressure manages a push to $0.01527 in the supply area which was the high of the day. Rejection to further upward move occurred at the 10-EMA as the candle closes as an inverted bearish hammer.

This made the bears' stage a return and pushed the cryptocurrency to $0.01420 in the demand area which became the low of the day as the session ends with a bullish candle at $0.01427. This formed a bullish railroad.

The 4-hour opening candle at $0.01492 could not sustain the bullish momentum as it closes bearish with TRXUSD currently down to $0.01447 in the demand area.

TRX structure is a symmetrical triangle. Price is below the two EMAs an indication of strong bear pressure. The stochastic oscillator signal at 45% points down which suggest downward movement in price of the cryptocurrency and a possible break in the lower trendline.

TRX/USD Short-term Trend: Ranging

The cryptocurrency remains in a range bound-market in its short-term outlook. The bulls and bears are struggling for control within the range. $0.01527 in the supply area was the high of the bullish pressure took the cryptocurrency before it gradually weakens.

$0.01420 in the demand area was the low the bears' pressure dropped TRXUSD as the low of the day.as the session ended with some bullish momentum.

The 1-hour candle at $0.01459 was bullish as price rose to $0.01495 in the supply area briefly before the bears took over and pushed price down currently at $0.01447 in the demand area with a bearish marubozu candle.

TRXUSD is consolidation and trading between $0.01546 in the upper supply area and at $0.01331 in the lower demand area of the range. Traders should wait for a breakout at the upper supply area or breakdown at the lower demand area before taking a position in the short-term.


Tron (TRX) Daily Price Forecast – November 19, 2018

TRX/USD Medium-term Trend: Bearish

Supply zones: $0.02500, $0.02600, $0.02700
Demand zones: $0.01400, $0.01300, $0.01200

TRX is in a bearish trend in its medium-term outlook. The strong bearish pressure from the large bearish engulfing 4-hour opening candle at $0.01892 implies the bears are back to continue their downward journey after a brief momentum lost.

$0.01816 in the demand area was the initial low TRXUSD attained .Increased bearish momentum further dropped price to $0.01658.

Price is below the two EMAs and the EMAs are fanned apart which suggest strength in the context of the trend and in this case it is the downtrend. The stochastic oscillator is in the oversold region at 11% and its signal points down which imply downward momentum in price.

TRX/USD Short-term Trend: Bearish

The cryptocurrency continues in a bearish trend in its short-term outlook. The formation of double top in yesterday session was signal to the bears' gradual return. The marubozu candle at $0.01914 confirmed the bears' full takeover.

With the increased bearish momentum, $0.01635 in the demand area was the low TRXUSD attained before the rejection to continue the downward movement.

Price is below the two EMAs crossover and the 10-EMA is acting as a strong resistance to upward price movement. The stochastic oscillator in the oversold region at 16% but its signal points up. These suggest a brief upward price movement before the bears return and continue its journey down south in the short-term.


Tron (TRX) Long-Term Price Forecast: Nov 18, 2018

TRX/USD Long-term Trend: Bearish

Supply zone: $0.03500, $0.04000 $0.04500
Demand zone: $0.01500, $0.01000, $0.00500

Tron long-term outlook is in a bearish trend. The momentum downward was strong past week within the range due to the increased bears' pressure and the break of lower demand area at $0.02060.

This was with a large bearish engulfing candle on 14th November. TRXUSD went down to $0.01866 in the demand area. Increased bearish momentum further led to a drop in price to $0.01765 on 15th November.

Price is below the two EMAs crossover and the EMAs are fanned apart which suggests strength in the context of the trend and in this case the downtrend. The 10-EMA is seen acting as a strong resistance against upward price movement.

A minor pullback may occur in this new week which is necessary for the market correction before a resumption of downtrend continuation.

A retest of $0.01600 in the demand area may occur. The cryptocurrency was at this demand area on 14th August. As the bear pressure becomes much stronger a breakdown at the area will open $0.01200 in the demand area in the long-term.


Tron (TRX) Daily Price Forecast – November 15, 2018

TRX/USD Medium-term Trend: Bearish

Supply zones: $0.02500, $0.02600, $0.02700
Demand zones: $0.01600, $0.01500, $0.01400

TRX continues in a bearish trend in its medium-term outlook. The strong bearish pressure that started on 7th November with a bearish inverted hammer at $0.02470 and confirmed on 9th with a bearish Marubozu at $0.02350 sustained the momentum with a massive drop in the TRXUSD price to $0.01866 in the demand area.

This was the low of the Brief lost in momentum for continuation returned the bulls as TRXUSD went up to $0.01991 in the supply area and closes at $0.01989 as yesterday session ended.

Today’s 4-hour opening candle at $0.01995 engulfed yesterday closing candle and dropped the cryptocurrency to $0.01861 in the demand area earlier today.

Price is below the two EMAs which imply strong bear pressure confirmed by the stochastic oscillator in the oversold region 15%.

The target at $0.01819 in the demand area may be attained in the medium-term with more candle open and closed below the EMAs crossover due to the bears' pressure.

TRX/USD Short-term Trend: Bearish

The cryptocurrency continues in a bearish trend in its short-term outlook. After the massive drop in price from to $0.02240 in the supply area to $0.01866 in the demand area, flags were been created as the bulls stage brief return.

$0.02000 in the supply area was the high the cryptocurrency attained this morning before the bears pushed it down to $0.01861 in the demand area.

Currently, another flag is been formed and a strong bears pressure should be expected to push price further down in the demand area before the end of today to give a lowest low of the day in the short-term.


Tron (TRX) Daily Price Forecast: November 12, 2018

TRX/USD Medium-term Trend: Bearish

Supply zones: $0.02800, $0.02900, $0.03000
Demand zones: $0.01700, $0.01600, $0.01500
TRX continues in a bearish trend in its medium-term outlook. The journey south looks pretty good and is a continuum as the strong bears' pressure broke the 50-EMA on 8th November after a drop in TRXUSD price to $0.02337 in the demand area.

A retest of the 50-EMA occurred on 9th and 10th November with a low at $0.02287 and $0.02291 respectively.

The 4-hour opening candle at $0.02298 closed as an inverted bearish pinbar a signal to the bears. TRXUSD dropped $0.02233 in the demand area.

Price is below the two EMAs and heading towards with the stochastic oscillator at 27% and its signal point down which suggests downward price movement due to the bears' pressure in the medium-term.

TRX/USD Short-term Trend: Bearish

The cryptocurrency in a bearish trend in its short-term outlook. The bullish pressure was lost at the upper line of the downward channel after opening at $0.02316 in the supply area as the candle closes as a bearish pinbar.

TRXUSD went down to $0.02233 around the demand area. The bulls may pullback again  but the bears' comeback may push the cryptocurrency down to the lower line of the channel. This implies that the bears' next target low at $0.02200 may be attained shortly in the demand area.

Price is below the two EMAs an indication of strong bears pressure. This suggests a continuation of the downward journey as the bears increased their momentum.


Tron (TRX) Long-Term Price Forecast: Nov 11, 2018

TRX/USD Long-term Trend: Ranging

Supply zone: $0.03500, $0.04000, $0.04500
Demand zone: $0.01500, $0.01000, $0.00500

Tron long-term outlook is a range-bound market. The bullish run from 31st October successful took TRXUSD to $0.02508 in the supply area on 7th November and closes the day as a bearish railroad as the cryptocurrency went down to $0.023853.

The brake of the two EMAs with a large bearish engulfing candle further confirmed the strong bear pressure that took the TRXUSD to $0.02311 in the demand area on 8th November. The end of last week saw cryptocurrency at a lower low of $0.02285.

The new week opening price was at $0.02305 as price is below the two EMAs crossover and the stochastic oscillator at 43% with its signal pointing down. Which imply downward momentum within the range as the bears' pressure increases.

TRXUSD is ranging and trading between $0.02800 in the upper supply area and at $0.02060 in the lower demand area of the range. Traders should wait for a breakout at the upper supply area or breakdown at the lower demand area with good reversal candle formation before taking a position.


Tron (TRX) Daily Price Forecast: November 8, 2018

TRX/USD Medium-term Trend: Bearish

Supply zones: $0.02800, $0.02900, $0.03000
Demand zones: $0.01700, $0.01600, $0.01500

TRX is in a bearish trend in its medium-term outlook. The strong bullish pressure from $0.02341 in the demand area on 5th November was lost at $0.02508 in the supply area on 7th November after the formation of a bearish inverted long-tailed candle.

This signalled a trend reversal and the bears indeed returned and pushed price down initially to $0.02418 and later to $0.02385 in the demand area. This was the low TRXUSD attained before the end of yesterday session.

The 4-hour opening candle at $0.02414 was a long bearish engulfing candle. This dropped TRXUSD further down to $0.02349 in the demand area earlier today.

TRXUSD gives a head and shoulder pattern. This shows that the right shoulder is currently forming as the bulls pull price back up. $0.024000 in the supply area may be retested before the bears' stage another comeback that will further drop the cryptocurrency price.

The stochastic oscillator is in the oversold region at 17% and its signal point down which suggests downward price movement due to the bears' pressure in the medium-term.

TRX/USD Short-term Trend: Bearish

The cryptocurrency is in a bearish trend in its short-term outlook. The bullish pressure that pushed TRXUSD to $0.02508 in the supply area created the double top formation that resulted in downward price movement due to the bears' pressure.

$0.02385 in the demand area was the low the cryptocurrency attained before the end of yesterday session.

TRXUSD was down earlier this morning to $0.02349 in the demand area due to the sustained bearish pressure from the bearish 1-hour opening candle.

Price is below the two EMAs and the stochastic oscillator is in the oversold region at 12% a seller zone. With more candles opened and closed below the EMAs crossover, price of the cryptocurrency may head further south.


Tron (TRX) Daily Price Forecast: November 6, 2018

TRX/USD Medium-term Trend: Ranging

Supply zones: $0.02800, $0.02900, $0.03000
Demand zones: $0.01700, $0.01600, $0.01500

TRX is in a range-bound market in its medium-term outlook. $0.02409 in the supply area was the high the bulls could take the cryptocurrency yesterday after a drop to $0.02337 in the demand area earlier in the day by the bears.

The bulls had a brief impact on TRX earlier this morning as the 4-hour opening was up at $0.02416 in the supply area before closing as a bearish inverted hammer.

Price is above the two EMAs and the stochastic oscillator is in the overbought region at 83% and its signal points up which suggest that the bulls may still be in control the range.

TRXUSD is in consolidation and trading between $0.02439 in the upper supply area and at $0.02320 in the lower demand area of the range. Traders should wait for a breakout at the upper supply area or breakdown at the lower demand area with good reversal candle formation before taking a position.

TRX/USD Short-term Trend: Ranging

The cryptocurrency is in consolidation in its short-term outlook. After dropping TRXUSD to a lower low at $0.02337 in the demand area, the bears' lot momentum. The bulls were consistent till this morning after pushing price up to $0.02416 in the supply area and were rejected for a further upward movement.

Price is below the 10-EMA at $0.02380 in the demand area and the stochastic oscillator signal points down at 41% an indication of bears presence within the range.

TRX is in consolidation and trading between $0.02418 in the upper supply area and at $0.02323 in the lower demand area of the range. A breakout at the upper supply area may suggest going long while breakdown at the lower demand area may imply shorting the cryptocurrency. This should with good reversal candles as extra confirmation.


Tron (TRX) Long-Term Price Forecast: Nov 4, 2018

TRX/USD Long-term Trend: Ranging

Supply zone: $0.03500, $0.04000, $0.04500
Demand zone: $0.01500, $0.01000, $0.00500

Tron long-term outlook is a range-bound market. After the bearish railroad on 27th October, the bears made an aggressive movement to the downside with the cryptocurrency down to $0.02180 in the demand area on 29th October and $0.02140 on 31st October with the candle closing as a bullish pinbar.

The 10-EMA was broken on 2nd November when TRXUSD was up at $0.02323 in the supply area. With increased bearish pressure, the 50-EMA is been tested with price at $0.02368.

Price is above the 10-EMA but testing the 50-EMA an indication of strong bullish pressure. The stochastic oscillator is at 49% and its signal points up which suggests upward price movement within the range as the bullish momentum increases.

TRXUSD is ranging and trading between $0.02800 in the upper supply area and at $0.02060 in the lower demand area of the range. Traders should wait for a breakout at the upper supply area or breakdown at the lower demand area with good reversal candle formation before taking a position.


Tron (TRX) Daily Price Forecast: November 2, 2018

TRX/USD Medium-term Trend: Ranging

Supply zones: $0.02800, $0.02900, $0.03000
Demand zones: $0.01700, $0.01600, $0.01500

TRX is in a range-bound market in its medium-term outlook. The bearish pressure dropped TRXUSD to a low of $0.02209 in the demand area while the bullish pressure pushed the cryptocurrency to $0.02258 in the supply area, making it the high of the day yesterday.

The 4-hour opening candle was a bullish candle at $0.02251. This sustained the bullish momentum as TRXUSD was up at $0.02287 in the supply area but shows exhaustion as the candle with an upper wick that return the bears. Price was down $0.02240 sitting upon the 10-EMA as the cryptocurrency ranges.

TRXUSD is in consolidation and trading between $0.02326 in the upper supply area and at $0.02200 in the lower demand area of the range. Traders should wait for a breakout at the upper supply area or breakdown at the lower demand area with good reversal candle formation before taking a position.

TRX/USD Short-term Trend: Ranging

The cryptocurrency is in consolidation in its short-term outlook. The bear press was weak and could not push price down to a reasonable low but to $0.02209 in the demand area before the bulls.

The bullish pressure also was lost at $0.02287 in the supply area although we had a bullish 1-hour opening at $0.02244.

Price is below the two EMAs and the stochastic oscillator is at 25% and its signal points down which suggest that the bear may push price further down within the range in the short-term

TRX is in consolidation and trading between $0.02289 in the upper supply area and at $0.02202 in the lower demand area of the range. A breakout at the upper supply area may suggest going long while breakdown at the lower demand area may imply shorting the cryptocurrency. This should with good reversal candles as extra confirmation.


Tron (TRX) Daily Price Forecast: October 29, 2018

TRX/USD Medium-term Trend: Bearish

Supply zones: $0.02800, $0.02900, $0.03000
Demand zones: $0.01700, $0.01600, $0.01500

TRX is in a bearish trend in its medium-term outlook. The bulls had a minor retracement with the cryptocurrency up to $0.02380 in the demand area on 27th October but were rejected at the 50-EMAs. The bears' return was signalled by the inverted hammer but full confirmation occurred on 27th October when a large bearish marubozu candle formed as TRXUSD went down to $0.02339 in the demand area.

The bulls gradually return as reversal candles pattern was formed around the demand area. TRXUSD was up at $0.02365 in the supply area above the 10-EMA. These pullbacks are necessary for the market correction before downtrend continuation.

The bears made a strong comeback with a bearish marubuzo at $0.02352 with TRXUSD initially down to $0.02293. The next candle sustained the bearish momentum as the cryptocurrency went further down to2180 in the demand area.

With candles open and closed below the EMAs, $0.02101 in the demand area may be retested by the bears in the medium-term.

TRX/USD Short-term Trend: Bearish

The cryptocurrency is in a bearish trend in its short-term outlook. After TRXUSD retested $0.02397 in the supply on 27th October exhaustion sets in due to loss of the bullish momentum.

Moreover, rejection at the upper line of the downward channel occurred. The same touch on the upper line at $0.02364 in the supply area of the descending channel occurred today after opening.

The bears' return was much stronger as price dropped to $0.02180 in the demand area at the lower line of the channel.

A minor pullback to the upside may occur which is supported by the stochastic oscillator at 26% with its signal pointing up which imply an upward movement in price but this may be brief as the bear pressure remained strong for downtrend continuation.


Tron (TRX) Long-Term Price Forecast: October 28, 2018

TRX/USD Long-term Trend: Ranging

Supply zone: $0.03500, $0.04000, $0.04500
Demand zone: $0.01500, $0.01000, $0.00500

Tron long-term outlook is a range-bound market. The bullish pressure was lost and could not make the anticipated fourth touch on the horizontal line at $0.02788 in the supply area.$0.02504 was the high the cryptocurrency could attain before exhaustion and subsequent bears returned.

TRXUSD was down to $0.02330 in the demand area on 23rd October and 2322 on 26th October with a strong indication for more movement to the downside due to the bears' pressure.

Price is below the two EMAs an indication of bearish pressure while the stochastic oscillator is in the oversold region at 15% and its signal points down which implies downward price movement within the range due to bearish momentum increase.

TRXUSD is ranging and trading between $0.02800 in the upper supply area and at $0.01958 in the lower demand area of the range. Traders should wait for a breakout at the upper supply area or breakdown at the lower demand area with good reversal candle formation before placing a trade.


Tron (TRX) Daily Price Forecast: October 25, 2018

TRX/USD Medium-term Trend: Ranging

Supply zones: $0.02800, $0.02900, $0.03000
Demand zones: $0.01700, $0.01600, $0.01500

TRX continues in a range-bound market in its medium-term outlook. The strong bearish pressure of the gravestone the bearish railroad at $0.02412 dropped TRXUSD to $0.02364 in the demand area with the candle closing as n inverted bearish hammer before the close of market yesterday.

The 4-hour opening candle further confirmed the bears' full takeover as TRXUSD was done to 2339 in the demand area. Price is below the two EMAs and the stochastic oscillator is in the oversold region at 19% and its signal pints down which imply further downward movement due to bears pressure with the range.

TRX is in consolidation and trading between $0.02552 in the upper supply area and at $0.02330 in the lower demand area of the range. A breakout at the upper supply area or breakdown at the lower area may occur hence patience is required to allow this to happen before a position is taking with good reversal candle as confirmation.

TRX/USD Short-term Trend: Bearish

The cryptocurrency is in a bearish trend in its short-term outlook. The bearish pressure from the railroad at $0.02417 in the supply area kept pushing the cryptocurrency down south with a low of $0.02371in the demand area before the end of yesterday trading session.

The bearish momentum continued after today’s opening with the bearish 1-hour opening candle as TRXUSD dropped to $0.02339 in the demand area.

Price is below the two EMAs and they are fanned apart which connotes strength in the context of the trend and in this case the downtrend.

The stochastic oscillator is in the oversold region at 10% and its signal points down which indicates downward price movement due to the bears' pressure in the short-term.
$0.02272 in the demand area may be retested by the bears.


Tron (TRX) Daily Price Forecast: October 22, 2018

TRX/USD Medium-term Trend: Ranging

Supply zones: $0.02800, $0.02900, $0.03000
Demand zones: $0.01700, $0.01600, $0.01500

TRX is in a range-bound market in its medium-term outlook. The strong bearish pressure of the gravestone doji at $0.02479 on October 21st dropped TRXUSD to $0.02448 in the demand area before the end of the session yesterday.

The bearish momentum was sustained at the opening with the bearish candle formation and TRXUSD went down to $0.024211 in the demand area.

The stochastic oscillator is in the oversold region at 12% and its signal pints down which imply further downward movement due to bears pressure within the range.

TRX is in consolidation and trading between $0.02552 in the upper supply area and at $0.02330 in the lower demand area of the range. Patience will guarantee profit after flowing with the trend after either a breakout at the upper supply area or breakdown at the lower area

TRX/USD Short-term Trend: Ranging

The cryptocurrency is in a range-bound market in its short-term outlook. The cryptocurrency crossed the two EMAs at the close of yesterday market with an engulfing candle with TRXUSD down t $0.02448 in the demand area. Further bears pressure saw the cryptocurrency at $0.02412.

The stochastic oscillator is in the oversold region at 15% and its signal points down which indicates bear pressure and subsequent downward price movement in the medium term.

TRX is in consolidation and trading between $0.02543 in the upper supply area and at $0.02392 in the lower demand area of the range. A breakout at the upper supply area or breakdown at the lower area may occur hence patience is required to allow this to happen before a position is taking with good reversal candle as confirmation.


Tron (TRX) Long-Term Price Forecast: October 21, 2018

TRX/USD Long-term Trend: Bullish

Supply zone: $0.03500, $0.04000, $0.04500
Demand zone: $0.01500, $0.01000, $0.00500

Tron long-term outlook is a bullish trend. The bullish pressure from 12th October at 2099 after the bullish railroad remains strong. TRXUSD was initially pushed $0.02494 in the supply area on 15th October.

Increased bullish momentum led TRXUSD to $0.02798 in the supply area before the upward rejection due to the bears' returns.

The pullback dropped the cryptocurrency at $0.02420 in the demand area around the two EMAs on 19th October.

Price is above the two EMAs an indication of bullish pressure while the stochastic oscillator is at 52% and its signal points up which implies upward price movement due to bullish stronger pressure in the long-term.

A retest of $0.02788 in the supply area may occur as more candle opened and closed above the EMA crossover. This will be the 4th touch at this point. A breakout is probably as the journey to the moon commences.


Tron (TRX) Technical Analysis: October 19, 2018

Despite tepid price action of the last three days, TRX is technically bullish because prices are still trading inside Oct 15 high low. Nonetheless, traders should wait for a clear break and close above 3 cents or Sep highs before buying on dips in lower time frames.

Latest Tron News

The crypto community is dissatisfied with Justin Sun and his recent backfiring campaign of promoting Tron and TRX as this power platform that is better than the rest. While the team behind the platform deserve praise for creating a dPoS system that is fast, cheap and bodes well with the decentralization concept of blockchain, most commentators are of the opinion that Justin is over-hyping the project. In the meantime, investors who buy his tweets and “announcements” are bleeding.

Recently, Justin said Tron was planning to partner with a multi-billion-dollar company and though he didn’t mention names, the community-who are ever hawked eyed—were quick to speculate and pinpoint the company as Baidu. Days later the foundation affirmed the “partnership” but it was not what many expected.

Well, it involved Tron buying and making use of Baidu’s computing resources and nothing was mentioned on whether there was integration of these elements at the blockchain level. This revelation didn’t go well with many who took to Twitter to air their displeasure. Baidu have their own plans of setting up an independent blockchain platform and according to reports they have no intention of integrating with Tron.

What’s worse is that this is not the first time Justin is hyping and unnecessarily fronting Tron as he discredits other platforms. On several occasions he has been quoted urging developers to ditch Ethereum and migrate to Tron which he says is faster, cheaper and with incentives to support developers. This is despite it being less than 15 months old and not time tested like Ethereum for example.

Tron (TRX) Price Analysis

Weekly Chart

Tron Price Analysis

Back to price and it’s clear that bears are in charge. And this preview is well backed by candlestick formations as visible from the weekly chart. As we can note, prices are still trending inside Aug 2018 high low as bulls fail to rally above the main resistance line at 3 cents. Main support line is at 1.6 cents which also double up as 2018 lows and an important sell trigger line.

Considering the accumulation of the last six weeks or so, it’s obvious that bears have an upper hand even from an effort versus result point of view. Remember, price action activity of the last six weeks has so far failed to reverse the two weeks of strong losses printed on early August.

This gives bears an upper hand and could be the deflating for conservative, risk-averse bulls keen on reversing 2018 deep price and value erosion.

Further cementing this bearish assertion is the long upper wick signaling bears in lower time frame despite a 15 percent gain in the last week. So, unless otherwise, we recommend traders to take a neutral stand until after there are solid rallies above 3 cents.

Daily Chart

Tron Price Analysis

The ranging market and the significance of resistance around 2.8 cents and 3 cents is best exemplified in the daily chart. Even if TRX prices are still trending inside Oct 15 high low, we need to see bulls follow through and rally above this resistance level.

Otherwise, and as aforementioned, sellers would be in control more so if TRX sellers clear the 2 cents minor support barrier and Oct 15 lows. For now, we have a bullish inclination for risk-off traders but for assurance patience should prevail until we see moves above Sep-Oct highs.

Author: Dalmas N


Tron (TRX) Daily Price Forecast: October 18, 2018

TRX/USD Medium-term Trend: Bullish

Supply zones: $0.02800, $0.02900, $0.03000
Demand zones: $0.01700, $0.01600, $0.01500

TRX is in a bullish trend in its medium-term outlook. The bullish pressure from the hammer formed at the close of trading on 16 October remains intact despite the drawdown to $0.02430 in the demand area on 17th October after the trading session opened.

The bulls return was at the 50.0 fib level a trend reversal zone. TRXUSD was up at $0.02639 in the supply area. This was a move to the 23.6 fib level a trend continuation zone before a pullback to $0.02470 in the demand area as the session ended yesterday.

The bullish 4-hour opening candle $0.02495 sustained the bullish momentum with TRXUSD up at $0.02558 in the supply area after today's opening. Price is around the 10-EMA but the stochastic oscillator signal points up at 34%. The implication is an upward price movement due to the bullish pressure in the medium term.

TRX/USD Short-term Trend: Ranging

The cryptocurrency is in a range-bound market in its short-term outlook. After a drop in price to $0.02424 in the demand area which created the double bottom indicated by the arrows, the bulls made a returned.

TRXUSD was up at $0.02639 in the supply area as a result of the bullish pressure but lack the needed momentum to go up further hence the bears' takeover. The cryptocurrency was down to $0.02470 in the demand area as the session ended yesterday.

Price is above the 10-EMA and the stochastic oscillator is undefined at 35% which reflect the consolidation scenario.

TRX is in consolidation and trading between $0.02600 in the upper supply area and at $0.02400 in the lower demand area of the range. A breakout at the upper supply area or breakdown at the lower area may occur hence patience is required to allow this to happen before a position is taking with good reversal candle as confirmation.


Tron (TRX) Long-Term Price Forecast: October 13, 2018

TRX/USD Long-term Trend: Bearish

Supply zone: $0.03000, $0.03500, $0.04000
Demand zone: $0.01500, $0.01000, $0.00500

Tron long-term outlook is in a bearish trend. The bullish pressure from $0.02120 in the demand area got TRON up to $0.02823 in the supply area before losing momentum. The bearish pinbar formed on 8th October signals bears market take over.

The strong bearish pressure has consistently closed TRX each day at lower until 11th October that the cryptocurrency was down to $0.02066 in the demand area with a large engulfing candle.

The bulls are back in control of the market at the demand area with a push of price to $0.02409 in the supply area. The 10-EMA is seen acting as resistance to continue the upward journey

The current bullish pressure is a pullback which is needed for the market to be corrected before trend continuation.

The bulls may push price up to the 50.0 at $0.02449 or 68.1 at $0.02532 fib level in the supply area. These levels are trend reversal zone. The bears may stage a strong comeback at either of this level to continue the downward price movement in the long-term.


Tron (TRX) Daily Price Forecast: October 11, 2018

TRX/USD Medium-term Trend: Bearish

Supply zones: $0.03000, $0.04000, $0.05000
Demand zones: $0.01500, $0.01300, $0.01200

TRX is in a bearish trend in its medium-term outlook. The consequence of bears strong comeback after the bearish railroad of 8th October at $0.02780 is still continuous. $0.02453 in the demand area was the initial point the bears dropped the cryptocurrency before the momentum loss.

The bullish retracement was brief as TRX was up $0.02581 in the supply area on 10th October. Today’s 4-hour opening candle was at was a large bearish engulfing candle. TRX was initially down to $0.02250 and later to $0.02167 in the demand area.

The downward movement of the cryptocurrency may continue in the medium term due to increase bearish momentum. This is informed by the stochastic oscillator is in the oversold region at 9% and its signal points.

Moreover, price is below the two EMAs an indication of bears strong pressure. $0.02000 in the demand area may be bears target in the medium term.

TRX/USD Short-term Trend: Bearish

The cryptocurrency is in a bearish trend in its short-term outlook. The formation of a doji at $0.02566 in the supply area followed by a bearish candle as yesterday session closes signals trend reversal and bears return.

The bears' pressure was strong earlier today as TRX was initially down to$0.02250 and later to $0.02167 in the demand area.

The Stochastic Oscillator is in the oversold region at 17% and its signal points down which implies downward momentum in price. The journey south is much favoured in the short-term but minor pullback to the 23.6 may occur before downtrend continuation.


Tron (TRX) Daily Price Forecast: October 8, 2018

TRX/USD Medium-term Trend: Bullish

Supply zones: $0.03000, $0.03200, $0.03400
Demand zones: $0.01700, $0.01600, $0.01500

TRX is in a bullish trend in its medium-term outlook. The strong bullish pressure from $0.02291 in the demand area on 6th October was sustained and this led to the break of the critical supply area at $0.02499 as TRX made a high of $0.02639.

The retest of the broken supply area was achieved on 7th October as the bears dropped the cryptocurrency back at $0.02487 in the demand area which serves as a pullback necessary for the market correction before uptrend continuation.

The bulls return was remarkable as TRX was up to $0.02759 in the supply area before the end of yesterday session. The bullish 4-hour opening candle at $0.02699 sustained the bullish momentum with price up to $0.02823 in the supply area earlier today.

Price is above the two EMAs crossover with the 10 EMA acting as strong support for bullish continuation. Moreover, the EMAs are fanned apart an indication of strength in trend and in this context the uptrend. The stochastic oscillator is in the overbought region at 81% and its signal points up which implies upward price movement of the cryptocurrency in the medium-term.

TRX/USD Short-term Trend: Bullish

The cryptocurrency is in a bullish trend in its short-term outlook. The bulls journey north from the lower high at $0.02126 has been progressive with new higher highs and higher lows that are characteristic of up trending market.

Currently, the higher low at $0.02657 is seen at the 23.6 fib level a trend continuation zone This implies the bullish return is imminent and new higher highs may be attained in the short-term as more candles formed and closed above the two EMAs crossover that is fanned apart.


Tron (TRX) Long-Term Price Forecast: October 7, 2018

TRX/USD Long-term Trend: Bullish

Supply zone: $0.03500, $0.04000, $0.04500
Demand zone: $0.01500, $0.01000, $0.00500

Tron continues in the bullish trend in its long-term outlook. The strong bullish pressure from the 61.8 fib level was sustained as predicted in the previous analysis. TRX was initial up $0.2364 in the supply area above the 10EMAs on 4th October.

Increased bullish momentum led to upward price movement with TRX up $0.02639 in the supply area on 7th October. This was above the two EMAs and it was a 100% retracement.

The stochastic oscillator is at 72% and its signal points up. This implies upward movement in price of the cryptocurrency in the long-term.

A close and retest of $0.02600 will further confirm the bulls’ takeover of the market $0.03500 in the supply area may be the bulls’ initial target as more candles formed and closed above the EMAs.


Tron (TRX) Daily Price Forecast: October 4, 2018

TRX/USD Medium-term Trend: Ranging

Supply zones: $0.02800, $0.02900, $0.03000
Demand zones: $0.01700, $0.01600, $0.01500

TRX is in a ranging scenario in its medium-term outlook. The strong bullish pressure from $0.02123 in the demand area push TRX to $0.02178 in the supply area before the bearish pullback.

The cryptocurrency was down to $0.02126 in the demand area before the end of yesterday session.

The bullish 4-hour opening candle at $0.02164 sustained the bulls pressure and TRX was up $0.02217 in the supply area as the cryptocurrency ranges. Price is above the two EMAs and the stochastic oscillator is at 58% and its signal points up which implies upward price movement within the range may occur.

TRX is in consolidation and trading between $0.02290 in the upper supply area and at $0.02127 in the lower demand area of the range. A breakout at the upper supply area or breakdown at the lower demand area is imminent hence traders should be patient before taking a position.

TRX/USD Short-term Trend: Bullish

The cryptocurrency is in a bullish trend in its short-term outlook. The bears lost momentum at $0.02125 in the demand area due to the presence of a strong support. This also created the double bottom pattern making the bulls stage a comeback.

The bullish 1-hour candle at $0.02144 sustained the bullish momentum as TRX went up to $0.02219 in the supply area above the two EMAS crossover.

The structure of TRX on a short-term outlook is a W. This imply that the bulls will keep pushing price up north.$0.02250 in the supply area is the initial bullish target.


Tron (TRX) Daily Price Forecast: October 1, 2018

TRX/USD Medium-term Trend: Ranging

Supply zones: $0.02800, $0.02900, $0.03000
Demand zones: $0.01700, $0.01600, $0.01500

TRX is in a ranging scenario in its medium-term outlook. The bullish momentum at $0.02084 on 27th September after the bullish railroad formation could only push TRX to $0.02312 in the supply area before exhaustion sets in as the bears stage a gradual return.

The cryptocurrency was down to $0.02119 in the demand area below the two EMAs. A further downward movement was rejected as the bulls returned signaled by the morning star formation. Price was up $0.02270 in the supply area above the two EMAs as the coin ranges in the medium-term.

TRX is in consolidation and trading between $0.02349 in the upper supply area and at $0.02049 in the lower demand area of the range. A breakout at the upper supply area or breakdown at the lower demand area may occur hence traders should be patient before taking a position.

TRX/USD Short-term Trend: Ranging

The cryptocurrency is in consolidation in its short-term outlook. The bullish momentum from $0.02123 in the demand area was low at $0.02270 in the supply area denoted by wicks in the candles. The bears gradually took control of the market and price was down to $0.02174 in the demand area.

The bearish 1-hour opening candle at $0.02242 sustained the bears' pressure as TRX was down to $0.02211 in the demand area earlier today.

TRX is ranging and trading between $0.02290 in the upper supply area and at $0.02131 in the lower demand area of the range. Patience should be exercised during this period for a breakout at the upper supply area or breakdown at the lower area to happen before a position is taking.


Tron (TRX) Long-Term Price Forecast: Sept 29, 2018

TRX/USD Long-term Trend: Bullish

Supply zone: $0.03500, $0.04000, $0.04500
Demand zone: $0.01500, $0.01000, $0.00500

Tron is in a bullish trend in its long-term outlook. The strong bearish pressure pushed price down to $0.02005 in the demand area and lost momentum.

The formation of a bearish spinning top in this area which was 61.8 fib level, a trend reversal zone, forms a good confluence for a bullish reversal.

TRX was up at $0.02312 in the supply area within the week which was above the 10 EMA an indication of strong bullish pressure.

The stochastic oscillator is at 53% and its signal points up. This implies upward movement in price of the cryptocurrency may occur in the long-term.

A break and close of price above $0.02415 in the supply area are crucial for the sustained bullish trend as more candles formed and closed above the EMAs. This will set the next bulls' target at $0.03500 in the long-term.


Tron (TRX) Daily Price Forecast: September 27, 2018

TRX/USD Medium-term Trend: Bearish

Supply zones: $0.02800, $0.02900, $0.03000
Demand zones: $0.01700, $0.01600, $0.01500

TRX is in a bearish trend in its medium-term outlook. The bears maintained the downward movement from $0.02480 in the supply area as the cryptocurrency dropped to $0.02013 in the demand area.

The formation of doji coupled with a bullish railroad in this demand area brought the bulls back to the market. The bullish momentum resulted in TRX up to $0.02200 in the supply area. Further price upward movement was rejected as the bears stage a comeback.

The bearish railroad formation confirmed the bears' return. Price was down to $0.02060 in the demand area earlier today.

The Fibonacci tools show the bullish pullback was rejected at the 38.2 fib level a trend continuation zone hence the bears' strong comeback to continue the journey down south.

TRX/USD Short-term Trend: Ranging

The cryptocurrency is a consolidation in its short-term outlook. The Bullish momentum was weak at $0.0220 as an abandoned baby a bearish reversal candle was formed in the supply area. The bears pushed price down to $0.02060 in the demand area as the coin ranges.

TRX is ranging and trading between $0.02196 in the upper supply area and at $0.01979 in the lower demand area of the range. Patience should be exercised during this period and allow a breakout at the upper supply area or breakdown at the lower area to happen before a position.


Tron (TRX) Daily Price Forecast: September 24, 2018

TRX/USD Medium-term Trend: Bullish

Supply zones: $0.02800, $0.02900, $0.03000
Demand zones: $0.01700, $0.01600, $0.01500

TRX continues in the bullish trend in its medium-term outlook. The inverted head and shoulder pattern of 20th September analysis fully played out well breaking the initial target at $0.02200.

Price went further up to $0.02624 in the supply area due to increased bullish momentum. This was the area the bears' pressure dropped the cryptocurrency earlier in the month.

A pullback to 38.2 fib area occurred with price at $0.02245 in the demand area as the bears stage a comeback. This was short-lived when the bulls pushed price back up to $0.02394 in the supply area.

Price is above the 50 EMA and the within the 38.2 fib level. The pullback may continue to $0.02232 to form a double bottom before the bulls stage a strong comeback for uptrend continuation.

TRX/USD Short-term Trend: Ranging

The cryptocurrency is in consolidation in its short-term outlook. The bearish pressure from $0.02479 in the supply area kept price below the two EMAs with the stochastic oscillator at 29% and it signal points down. This implies downward movement in price of the cryptocurrency with the range in the short-term.

TRX is ranging and trading between $0.02500 in the upper supply area and at $0.02250 in the lower demand area of the range. Patience should be exercised during this period and allow a breakout at the upper supply area or breakdown at the lower area to happen before a position be taken.


Tron (TRX) Long-Term Price Forecast: Sept 22, 2018

TRX/USD Long-term Trend: Bullish

Supply zone: $0.03500, $0.04000, $0.04500
Demand zone: $0.01500, $0.01000, $0.00500

Tron is in a bullish trend in its long-term outlook. The bulls returned strongly on 19th September after the formation of a bullish railroad . The bullish momentum was sustained as price broke the $0.02208 in the upper supply area of last week range. Price was up at $0.02227 but closed below the upper supply area.

A large bullish engulfing candle on 21st September finally broke through the upper price range and TRX was up to $0.02624 in the supply area This was a weekly resistance area and above the two EMAs crossover.

Currently, the bears are back with price down to $0.02234 in the demand area. This pullback is necessary for the market correction before uptrend continuation. With the Fibonacci tool, it shows price is at 38.2 fib level, a trend continuation zone.

The stochastic oscillator is at 77% and its signal points up. This implies upward movement in price of the coin may be seen in the long-term. The bulls may stage a comeback at 38.2 or at 50.0 fib level and take the cryptocurrency back up to $0.03500 in the supply area.


Tron (TRX) Daily Price Forecast: September 20, 2018

TRX/USD Medium-term Trend: Bullish

Supply zones: $0.02800, $0.02900, $0.03000
Demand zones: $0.01700, $0.01600, $0.01500

TRX is in a bullish trend in its medium-term outlook. The strong bullish pressure from $0.01820 in the demand area was sustained after the bearish pullback from $0.02018 in the supply area to $0.01860 in the demand area.

Price is above the two EMAs and the stochastic oscillator is in the overbought region at 81% with its signal pointing up. This implies an upward price movement may occur due to the bull pressure in the medium-term.

TRX gives a nice head and shoulder pattern with the full completion of the right shoulder. The journey up may occur with the bulls initial target at $0.02200.

TRX/USD Short-term Trend: Ranging

The cryptocurrency is in consolidation.in its short-term outlook. The bearish pressure from the formation of the spinning top in the supply area at $0.02018 pushed price initially to $0.01894.

Further movement to $0.01860 in the demand area occurred as the bears stage a comeback after the bullish pullback.

The large bullish engulfing candle at $0.01870 pushed TRX back up to $0.01999 in the supply area above the two EMAs crossover as it ranges.

The cryptocurrency is in consolidation and trading between $0.02030 in the upper supply area and at $0.01916 in the lower demand area of the range. A breakout at the upper supply area or breakdown at the lower demand area may occur traders should be patient before taking a position.


Tron (TRX) Daily Price Forecast: September 17, 2018

TRX/USD Medium-term Trend: Ranging

Supply zones: $0.02800, $0.02900, $0.03000
Demand zones: $0.01700, $0.01600, $0.01500

TRX continues in the range in its medium-term outlook. The strong bearish pressure returned after the formation of a railroad at $0.02032 in the demand area on September 15th.
The cryptocurrency was pushed down to $0.01920 in the demand area with the signal to bulls returned as the candle closes as a hammer. TRX was up to $0.02013 in the supply area before the end of yesterday session

The bullish 4-hour opening candle at $0.02000 sustained the bullish momentum as the cryptocurrency made a high of $0.02029 in the supply area earlier today. The stochastic oscillator is at 69% and its signal points down which implies downward momentum in the cryptocurrency price as it ranges.

TRX is ranging and trading between $0.02173 in the upper supply area and $0.01792 in the lower demand area of the range. A breakout at the upper area or breakdown at the lower area is imminent therefore traders should be patient and wait before taking a trade.

TRX/USD Short-term Trend: Bearish

The cryptocurrency is in a bearish trend in its short-term outlook. The bullish pressure from $0.01920 in the demand area pushed the coin up to $0.02029 in the supply area and lost momentum. This created a triple top formation at the area.

The bears returned was further confirmed with the bearish railroad formation. TRX was down to $0.01975 in the demand area earlier today.

With the stochastic oscillator at and its signal points down, we may see TRX making a low at $0.01919 in the demand area as the bears' pressure becomes strong to complete the M formation in the short-term.


Tron (TRX) Long-Term Price Forecast: Sept 16, 2018

TRX/USD Long-term Trend: Ranging

Supply zone: $0.03000, $0.03500, $0.04000
Demand zone: $0.01500, $0.01000, $0.00500

TRX enters the range in its long-term outlook. The formation of a bearish hammer on 12th September signal trend reversal and bearish exhaustion when price was at $0.01711 in the demand area.

TRX rose to $0.02063 in the supply area on 14th September and ended the day session as a doji candle. The bears were gradually returning as price remains under the 10-day EMA.

The stochastic oscillator is in the oversold region at 22% and its signal points down a reflection of the bearish pressure as the cryptocurrency ranges.

The cryptocurrency is ranging and trading between $0.02208 in the upper supply area and at $0.01792 in the lower demand area of the range. A breakout at the upper supply area or breakdown at the lower demand area may occur, hence traders should be patient before taking a position.


Tron (TRX) Daily Price Forecast: September 13, 2018

TRX/USD Medium-term Trend: Ranging

Supply zones: $0.02800, $0.02900, $0.03000
Demand zones: $0.01700, $0.01600, $0.01500

TRX continues in a bearish trend its medium-term outlook. The strong bearish pressure was lost after a drop in the price of the cryptocurrency to $0.01711 in the demand areas.

The bulls returned was confirmed by a bullish gravestone doji and price was up $0.01838 in the supply area before the end of the trading session yesterday. The 4-hour opening candle at $0.018200 was bullish and TRX mad a high of $0.01933 in the supply area earlier today.

Price is above the 10-EMA with the stochastic oscillator at 50% and it signal points up, thus signaling an upward movement in the cryptocurrency price within the range.

TRX is ranging and trading between $0.0200 in the upper supply area and $0.01720 in the lower demand area of the range. A breakout at the upper area or breakdown at the lower area is imminent therefore traders should be patient and wait before taking a trade.

TRX/USD Short-term Trend: Ranging

The cryptocurrency enters consolidation in its short-term outlook. After a bearish run to $0.01711 in the demand area, rejection to the further downward movement was seen with the formation of a doji and a bullish candle as the bulls made a gradual return.

Price was up to $0.01933 in the supply area earlier today as the bull sustained the momentum within the range. Price is above the two EMAs crossover with stochastic above at the overbought region as the cryptocurrency consolidates.

TRX is ranging and trading between in $0.01936 the upper supply area and at $0.01748 in the lower demand area of the range. Patience is key at this period for a breakout at the upper area or breakdown at the lower area to occur before taking a position.


Tron (TRX) Daily Price Forecast: September 10, 2018

TRX/USD Medium-term Trend: Bearish

Supply zones: $0.02800, $0.02900, $0.03000
Demand zones: $0.01700, $0.01600, $0.01500

TRX continues in a bearish trend its medium-term outlook. The strong bearish pressure was sustained with the cryptocurrency down to $0.01871 in the demand area on 8th September.

The bulls stage a come back due to morning star candle formation and price was up $0.02017 in the supply area above the 10-EMA. This became the lower high of the demand area. As expected the bear returned with a lager engulfing candle and drop the coin initially to $0.01916.

Price is slightly above the 10-EMA and below the 50-EMA. It is forming lower highs and lower lows that are characteristics of a down trending market. The bears still remain in control and new lower highs and lows may be attained as the journey down south continues.

TRX/USD Short-term Trend: Ranging

The cryptocurrency enters consolidation in its short-term outlook. After a bearish run to $0.01871 in the demand area, rejection to the further downward movement was seen making the bulls to gradually gathers momentum.

A larger bullish engulfing candle signals the bulls takeover. Price was up to $0.02017 in the supply area as the cryptocurrency enters the range.

TRX is ranging and trading between $0.02072 in the upper supply area and at $0.01885 in the lower demand area of the range. Breakout at the upper area or breakdown at the lower area is imminent therefore traders should be patient.


Tron (TRX) Long-Term Price Forecast: Sept 8, 2018

TRX/USD Long-term Trend: Bearish

Supply zone: $0.03000, $0.03500, $0.04000
Demand zone: $0.01500, $0.01000, $0.00500

Tron is in a bearish trend in its long-term outlook. The bullish pressure was lost on 1st September when momentum was lost and the 50-EMA could not be broken.

The bears gradually set in and the cryptocurrency was initially down to $0.02444 in the demand area below the 10-EMA on 3rd September. With the increased bearish momentum, the lower line of the ascending channel was broken with a large bearish marubozu candle. This may signal the beginning of the journey south.

The coin as seen a low of $0.01980 in the demand area. The bears' target in the long–term is shown by two critical demand zones at $0.01931 and $0.01603.

The stochastic oscillator is in the oversold region at 13 % and its signal points down. This implies downward momentum in the price of the cryptocurrency just as the bearish pressure becomes strong.


Tron (TRX) Daily Price Forecast: September 6, 2018

TRX/USD Medium-term Trend: Bearish

Supply zones: $0.02800, $0.02900, $0.03000
Demand zones: $0.01900, $0.01800, $0.01700

TRX is in a bearish trend its medium-term outlook. The cryptocurrency was down to $0.02142 in the demand area before the close of yesterday trading session due to the strong bearish pressure from the double-top formation at $0.02727 in the supply area.

The 4-hour opening candle at $0.02146 was bearish with price further down to $0.02011 in the demand area.

Price is forming a big letter M with strong bearish pressure to continue down to $0.01901 in the demand area. The formation of a doji at the demand area may result in minor bullish pullback but this may be brief as the bearishmomentum increases.

TRX/USD Short-term Trend: Bearish

The cryptocurrency is in a bearish in its short-term outlook. $0.02157 was the lower low the coin made before trading session came to a close yesterday.

A new lower low of $0.02011 in the demand area was attained as the bearish momentum increases down south.

Tron overall outlook is bearish and new low may be attained as the bears increase their pressure on the cryptocurrency.


Tron (TRX) Daily Price Forecast: September 3, 2018

TRX/USD Medium-term Trend: Bullish

Supply zones: $0.02800, $0.02900, $0.03000
Demand zones: $0.01900, $0.01800, $0.01700

TRX is in a bullish trend in its medium-term outlook. The cryptocurrency is in an uptrend after a touch on the ascending trendline that returned the bulls. Price was up $0.02787 in the supply area until exhaustion sets in. The bears returned and pushed the coin to a critical demand area at $0.02354.

A return to $0.02721 in the supply area created the double-top formation a reversal pattern after the loss of bullish momentum. The bears consequently dropped  the coin to $0.02445 in the demand area.

This should be seen as a pullback for the market correction before uptrend continuation. Moreover, the 50-day EMA is seen acting as a strong support for the bullish comeback and this may be repeated as price is around it.

Hence a bullish comeback is most probable and the cryptocurrency journey north may resumes.

TRX/USD Short-term Trend: Ranging

The cryptocurrency is ranging in its short-term outlook. The bullish pressure pushed the cryptocurrency up $0.02721 in the supply above the two EMAs crossover. The formation of inverted hammer coupled with a bearish engulfing candle returned the bears.

Price was down to $0.02445 in the demand area below the two EMA crossover as the coin enters into consolidation
.
TRX is ranging and trading between $0.02707 in the upper supply area and at $0.02341 in the lower demand area. Traders should be patent for a breakout at the upper supply or breakdown at the lower demand area before taking a position.


Tron (TRX) Long-Term Price Forecast: Sept 2, 2018

TRX/USD Long-term Trend: Bullish

Supply zone: $0.03000, $0.03500, $0.04000
Demand zone: $0.01500, $0.01000, $0.00500

Tron is in a bullish trend in its long-term outlook. The strong bullish pressure was sustained with $0.02416 in the upper supply area of the range of last week forecast broken on 27th August.  The cryptocurrency made a high of $0.02469 in the supply area.

Increased bullish momentum pushed price further high to $0.02787 above the10-day EMA. A retest of the supply-turned-demand occurred on 30th August when price was down to $0.02320 in the demand area.

Rejection to further downward movement occurred when the daily candle closes as a pinbar signaling trend reversal. Price was pushed back up to $0.02720 in the supply area.

TRON is in an ascending channel which implies an upward price movement in the price of the cryptocurrency in the long-term. Pullback due to bears return may occur which is necessary for the market correction, but bullish comeback at critical points around the EMA or within the channel should be expected.

The stochastic oscillator is at 78 % and its signal points up. This implies we may continue to witness upward momentum in the price of the cryptocurrency just as bullish pressure increases. $0.03000 in the supply area maybe retested.


Tron (TRX) Long-Term Price Forecast: August 26, 2018

TRX/USD Long-term Trend: Ranging

Supply zone: $0.02500, $0.03000, $0.03500
Demand zone: $0.01500, $0.01000, $0.00500

TRON enters into consolidation in the long-term outlook. The strong bearish pressures from 18th August was sustained leading to further drop in the cryptocurrency from $0.02456 in the supply area.

TRON price was down to $0.1900 in the demand area on 22nd August. $0.02257 in the supply area above the 10-day EMA was the new high the cryptocurrency attained on 25th August as the bulls stage a comeback within the range.

The stochastic oscillator is at 65% and its signal points up. This implies we may witness an upward momentum in the price of the cryptocurrency due to bullish pressure as it consolidates.

TRON is in the ranging and trading between $0.02416 in the upper supply area and at $0.01839 in the lower demand area of the range. Patience should be exercised and ensure a breakout at the upper supply area or breakdown at the lower demand area occur before taking a position.


Tron (TRX) Long-Term Price Forecast: August 18, 2018

TRX/USD Long-term Trend: Bullish

Supply zone: $0.02500, $0.03000, $0.03500
Demand zone: $0.01500, $0.01000, $0.00500

Tron resumes in its bullish trend in the long-term outlook. The bears' pressure was strong in the past week with the break of the bears target candle $0.02078 of last week long-term forecast. The cryptocurrency went further down to $0.01600 in the demand area as a result of the high bears' momentum.

The bears lost momentum on 14th August with a wick in the candle which implies exhaustion and the bulls gradually made a return. The bullish pressure became strong and the previous bears target now a support was broken. The coin was up $0.02458 in the supply area.

The minor pullback by the bears drop the cryptocurrency down to $0.02019 in the demand area, this should be seen as a market correction. The upward trend continuation resumes with a hammer a reversal candlestick pattern formed at the demand area.

The bullish pressure maybe stepped up as more candles formed and closed above the two EMAs. The bulls may take the cryptocurrency back up to $0.02867 in the supply area in the long-term.


Tron (TRX) Long-Term Price Forecast: August 11, 2018

TRX/USD Long-term Trend: Bearish

Supply zone: $0.04000, $0.05000, $0.06000
Demand zone: $0.02000, $0.01000, $0.00500

Tron continues in a bearish trend in the long-term outlook. The bullish candle that opens the week had little impact as price was briefly up to $0.0309 in the supply area. The bullish momentum was lost due to the formation of a bearish railroad at the area.

The bearish pressure was strong and this led to the break of the first key demand area and the cryptocurrency was down to $0.2700 in the demand area on 7th August.

The bearish momentum was sustained and a break of the second demand area occurred on 10th August and the coin was further down to $0.02176 in the demand area.

The bears' pressure may continue in the long-term and by the measured move from the first demand zone to the second demand zone, $0.2078 in the demand area may be the bears' target as the momentum increase and more bearish candles opened and closed below the two EMAs.


Tron (TRX) Long-Term Price Forecast: August 5, 2018

TRX/USD Long-term Trend: Bearish

Supply zone: $0.04000, $0.05000, $0.06000
Demand zone: $0.02000, $0.01000, $0.00500

Tron is in a bearish trend in the long-term outlook. The strong bearish pressure was sustained as it breaks $0.03521 of the lower price range of last week forecast. The cryptocurrency went further down to $0.02814 in the demand area.

Price is below the two EMAs and forming lower highs and lower lows that are bear market characteristics. Moreover, the10-day EMA is seen acting as strong resistance against upward price movement.

The week open with a doji a strong reversal candle pattern and it implies that we may see some bullish momentum. The Fibonacci tool shows that price is on the rise and within the 23.6 fib level.

As the bullish pressure becomes strong price may likely get to 23.6 or 38.2 fib level which is trend continuation zones. This should be seen as pullback necessary for the market correction before downtrend continuation.

The stochastic oscillator is in the oversold region at 25 percent and its signal points up. This implies upward movement in price of the cryptocurrency which justifies the bullish retracement.


Tron (TRX) Long-Term Price Forecast: July 29, 2018

TRX/USD Long-term Trend: Ranging

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

Tron continues in a ranging scenario in the long-term outlook. The bears' pressure was strong as the cryptocurrency was pushed to a new low at $0.03290 in the demand area below the two EMAs crossover.

Momentum was lost and the bulls returned with three large bullish engulfing candles with wicks that close above the two EMAs crossover. The crypto was up $0.03940 in the supply area. This bullish momentum returned the cryptocurrency back within the range.

The stochastic oscillator is at 38 percent and its signal points up. This implies upward movement in price of the cryptocurrency may be seen in the days ahead.

The cryptocurrency continues in the range in this new week 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 look to take short trades within the range with good ranging strategy as the coin consolidates.


Tron (TRX) Long-Term Price Forecast: July 21, 2018

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.


Tron (TRX) Long-Term Price Forecast: July 15, 2018

TRX/USD Long-term Trend: Bullish

Supply zone: $0.05000, $0.06000, $0.07000
Demand zone: $0.03000, $0.02000, $0.01000

Tron is in a bullish trend in the long-term outlook. The bears' strong pressure took over from the bulls after last week bullish opened that took the coin to $0.03800 in the supply area.

Price was pushed down to $0.03100 in the demand area. The double bottom formation is seen at this area which is a reversal pattern. The bulls momentum is gradually building up as price was up $0.03450 in the supply area.

Price has made three touches at the trendline. Each touch led to price breakdown with the sellers taken the coin to a new low. The fourth touch is what price is currently making and a breakout may likely occur.

The cryptocurrency is above the 10-day EMA which is a reflection of the bullish pressure. As the bulls increase their momentum and more bullish candles are formed above the EMAs, Tron may retest $0.03600 in the long-term.


Tron (TRX) Long-Term Price Forecast: July 8, 2018

TRX/USD Long-term Trend: Bullish

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

Tron resumes in a bullish trend in the long-term outlook. The bears initially pushed price to $0.0377 in the demand area, this was the 61.8 fib level. The bulls did make a strong return at the 61.8fib level as predicted last week.

Price was pushed up to $0.04130 in the supply area. The bulls’ momentum was lost and the bears set in and price was pushed initially down to $0.03780 and later to $0.03600 in the demand area. This the second time price is at this demand area which is around the 61.6 fib level.

The bullish return may be seen once again at this reversal zone that will take price back up to the 100 fib level.

The stochastic oscillator is at 56 percent and its signal pointing up which implies upward momentum in price of the cryptocurrency as the bulls increase their presence and pressure.


Tron (TRX) Long-Term Price Forecast: July 1, 2018

TRX/USD Long-term Trend: Bullish

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

Tron resumes in bullish trend in the long-term outlook. The break of $0.04000 in the demand area and June 13th scenario predicted last week did happen. The bears retested $0.0380 and drove price further down.

$0.03430 in the demand area was the price the bears dropped the cryptoasset. The formation of a bullish long-legged doji, a reversal pattern brought the bulls back.

The bullish momentum was high as a large engulfing candle was formed. Price was pushed up to $0.03990 in the supply area. You can see that the downward channel was broken by the engulfing candle which may further confirm the bulls’ takeover.

The bears are back but this should be seen as a pullback for uptrend continuation. Price is currently at 50.0 Fibonacci level. 61.8 and 50.0 are good areas for the bulls comeback in the context of an uptrend.


Tron (TRX) Long-Term Price Forecast: June 24, 2018

TRX/USD Long-term Trend: Bearish

Supply zone: $0.0600, $0.0700, $0.0800
Demand zone: $0.0400, $0.0300, $0.0200

Tron continues its bearish trend in the long-term outlook. The pullback predicted in last week article did happen which serve as a market correction. The bulls came in with increased momentum and push price up to $0.0510 in the supply area due to the double bottom formed at $0.04267 as analyzed.

The bears' strong pressure at this supply area has kept price going down. Initially, at $0.041800 in the demand area, witness another pullback and currently down to $0.04094 in the demand area.

This week opening candle is bearish with price at $0.04405 which implies more bearish momentum will be seen as the week progresses. We may likely see a break of $0.04000 in the demand area, then a retest for a further downward movement of price for a repeat of June 13th scenario in which price was down to $0.0380 in the demand area.


Tron (TRX) Long-Term Price Forecast: June 17, 2018

TRX/USD Long-term Trend: Bearish

Supply zone: $0.07000, $0.08000, $0.09000
Demand zone: $0.04000, $0.03000, $0.02000

The bears are in still in control of Tron long-term outlook. The bears broke the $0.0500 critical demand zone and got to a fresh demand area at $0.04267. The bulls made a minor comeback and pushed price to $0.04594 in the supply area. The bears came in again and push price down.

This week opening price is $0.04289 compared to last week opening of $0.05334. This show that more sellers are more in the market to facilitate price downward movement.

Tron may experience a brief pullback to the upside due to the double bottom at the $0.04267 demand area. This is important for a market correction for trend continuation. As the bears' activities increased within the week the bears' target may be $0.03000 demand area.


Tron (TRX) Long-Term Price Forecast: June 10, 2018

TRXUSD Long-term Trend: Bearish

  • Supply zone: $0.7000, $0.8000, $0.9000
  • Demand zone: $0.0500, $0.0400, $0.0300

Tron long-term outlook is a bearish continuation. The bears have kept pushing the price of the cryptocurrency down. The double bottom formation that should have lifted the price up to the supply zone at $0.8000 barely pushed to $0.6500 at supply area.

The bears' strong comeback pushed price down and currently at $0.5300 in the demand area.

Price is forming lower highs and lower lows that are synonymous with down trending market.

The critical demand area at $0.5000 may be the bears' next target. This will be the second time price is touching this demand area. The first was on April 24th.

The bulls are expected back at this critical demand zone. They may likely push price to the $0.7000 in the long-term.


Tron (TRX) Long-Term Price Analysis: June 3, 2018

TRXUSD Long-term Trend: Bullish

  • Supply zone: $0.9000, $0.1000, $0.1100
  • Demand zone: $0.0500, $0.0400, $0.0300

Tronix long-term outlook is bullish. The frantic effort by the bears to keep pushing price down was resisted by the bulls at the demand area of $0.06000. You can see the bulls increase their presence and pressure at this demand area. Price kept the upward movement due to the bulls pressure. There is a high probability of an increase in the volume of the pair just as what we saw on April 16th.

Moreover, the double bottom formation at the $0.06000 demand area is very similar to what happened on May 14th before the price peaked at $0.0800 and later the bears set in. As a result, the upward price move is more favored.

More and more buyers are likely to come into the market as the week goes by. The bulls target may likely be the supply area at $0.07000.


TRON (TRX) Technical Analysis: May 3, 2018

One of the recent and most exciting stories among many crypto enthusiasts is the developments with Tron.

TRON (TRX) Technical Analysis

TRON, the cryptocurrency that was developed and subsequently tokenized in September 2017, has been making a landmark success in the cryptocurrency market toppling other cryptocurrency big guns. The unique approach of TRON in disrupting the entertainment industry has contributed immensely to its popularity among a large percentage of traders.

For the past two weeks, TRON was trading in a slightly downward trending range channel which started forming on about January 31, 2018. TRON’s price action completely traversed the range channel six times before decisively breaking out to the upside on April 18, 2018, at a price level of $.045+. Since then, TRON has been trading on a strong upward trajectory. The daily bar since April 13th, prior to the breakout from the channel, has traded above the 9-day moving average, with all four data points of the bar.

The above chart displays a detailed view of the strong upward movement. The upward price action has steadily followed the upward trend line. The downward price swings have consistently approached and tested the trend line before turning back up and resuming its upward track.

We now witness the fifth downswing to the upward trend line. Consequently, with each additional upward price swing, the probability of TRON breaking below the trend line increases significantly.

If the price breaks decisively below the trend line, a shorting opportunity will present itself. A short position with a stop-loss at the high of the prior price swing will be a prudent trade. If price turns upward and trades to a level near the middle of the range between the high of the prior price swing and the level at which price subsequently intersected the trend line, then a long position with a very tight stop-loss would be appropriate.

Once the trend line is broken and a retracement takes place, TRON is expected to set up for another bullish run. This is the first significant upward price move since bouncing off the local low coming from the prevailing Bear market.

Our view is that, although the TRX token has had a resistance in price that dangled around the $0.03 mark to the $0.04 since the beginning of the year, the ERC20 token that is set to break off from Ethereum’s Blockchain to its own Mainnet is on the verge of another rise.

Many fundamental activities are also supporting the claim. Recently, Justin Sun, the founder of TRON, has announced a few major updates in the coming months which are going to make a pivotal impact on this currency’s future and consequently its holders’ as well.

With the detailed roadmap set for Tron throughout the rest of the year, TRX holders wait with anxiety for a variety of developments including TRON’s super representative election that is set to be held on June 26th, token wallet launches and much more.

Within just seven months of this coin’s inception, TRON has managed to become one of the top ten cryptocurrencies in the market. With the aforementioned developments, its future is looking even brighter. We recommend loading some TRX in your bag since the number of TRX investors is likely to increase significantly by the end of this year. We expect the value of TRON to touch $1 USD by the end of the year.

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