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Potinsjeel for a Bullish Breakout in the Tron market
TRON Priis Analysis - 28 Desimber
Price may rise to the $0.058 resistance level, which may extend to $0.061, in the event that buyers apply further pressure and the daily candle breaks through the $0.055 level. The price of tron may drop to $0.045 and $0.040 levels if the bears’ momentum breaks through the $0.052 level support level.
TRX/USD Merk
Key Levels:
Fersetsnivo's: $ 0.055, $ 0.058, $ 0.061
Stypjenivo's: $ 0.052, $ 0.045, $ 0.040
TRX / USD Trend op lange termyn: Rangearjend
Op it deistige diagram, tron is moving in a range. On November 14, the bulls were able to gather sufficient power and the price rose from the support level of $0.045. Indicating a price rejection by the bull’s opposition against the bears, a long-tailed pin bar candle formed. Price has risen and has tested the $0.058 resistance level. Equal numbers of buyers and sellers are involved, and the price starts to fluctuate between $0.55 and $0.52.
The momentum of the bulls and bears appears to be similar, and the price is currently fluctuating between $0.055 and $0.052. At close contact, the fast-moving average is higher than the slow-moving average, indicating continued range movement. The 9-period EMA and the 21-period EMA are being traded over by Tron. Price may rise to the $0.058 resistance level, which may extend to $0.061, in the event that buyers apply further pressure and the daily candle breaks through the $0.055 level. The price of Tron may drop to $0.045 and $0.040 levels if the bears’ momentum breaks through the $0.052 level support level.
TRX / USD Medium-term Trend: Ranging
On the 4-hour chart, Tron is in the range-bound movement. The support level of $0.052 is still in place, defying the sellers’ upward impulse. Bullish attempts to breach the $0.055 resistance level were unsuccessful. The price of Tron is now fluctuating between $0.052 and $0.055.
As a sign of low bullish and bearish momentum, Tron is currently hovering over the 9-period EMA and 21-period EMA. The signal line on the Relative Strength Index for period 14 is pointing downward and is at 36 levels.
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