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Buyers’ pressure increases in Tron market
Tron Price Analysis – October 05
Strong bullish candles broke up the resistance level of $0.061 in which the price is facing the resistance level of $0.063. In case buyers’ momentum increases, Tron will experience an uptrend movement beyond the resistance level of $0.063 and $0.064.
TRX/USD Market
Key Levels:
Fersetsnivo's: $ 0.063, $ 0.064, $ 0.066
Stypjenivo's: $ 0.061, $ 0.060, $ 0.59
TRX / USD Lange termyn Trend: Bullish
TRXUSD is bullish on the daily chart. The crypto decreased from the high of $0.070 resistance level to the low of $0.059 support level. Former support levels like $0.066, $0.063 have turned to resistance levels after penetrated by the bears’ pressure. The support level of $0.059 holds the price. The buyers gain more momentum and the price is increasing towards the resistance level of $0.064. Strong bullish candles broke up the resistance level of $0.061 in which the price is facing the resistance level of $0.063.
TRXUSD has penetrated the two EMAs upside and the price is trading above the 9-day EMA and 21-day EMA which indicate a bullish signal. The relative strength index Period 14 on the daily chart is at 55 with the signal lines pointing upside indicating buy signal.
TRX / USD Priis Medium-term Trend: Bullish
TRX/USD on the medium term is bullish. An attempt made by the sellers to push the coin below the support level of $0.060 was aborted by the buyers’ pressure. The Crypto is currently increasing, broke up the resistance level of $0.61.
At the moment, it is struggling to break up $0.063 level. In case buyers’ momentum increases, the price will experience an uptrend movement beyond the resistance level of $0.063 and $0.064. The Relative strength index Period 14 is at 61 levels with the signal lines directed towards the north.
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