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