TRON (TRX/USD) Price: Unable to Overcome Barrier at 0.169 Resistance Level
Login

TRON (TRX/USD) Price: Unable to Overcome Barrier at 0.169 Resistance Level

Estimated Reading Time: 2 minutes
Article Rating:
Based on 1 vote
Login to rate this article.

Azeez Mustapha

Updated:

Bears are gaining more momentum

TRON Price Analysis – 06 November

If the buying trend persists over $0.162, the price of TRON may be able to break through the $0.169 and $0.180 obstacles. If the price stays below $0.155, it can get close to the $0.150 and $0.142 levels.

Key Levels:

Resistance levels: $0.162, $0.169, $0.180

Support levels: $0.155, $0.150, $0.142

TRX/USD Long-term Trend: Bearish

As previously disclosed, TRON was unable to overcome the obstacle, and the cost began to fall. The selling pressure has increased significantly and steadily over the last week towards the $0.155 level, and this week’s total spending may be close to $0.155. The TRON daily chart shows weak. The coin’s value decreased little to $0.155 on November 05. A price of $0.155 was agreed upon by the sellers. The line is always kept at the first level provided by sellers.

TRON (TRX/USD) Price: Unable to Overcome Barrier at 0.169 Resistance Level

The bulls gave up at the resistance level of $0.169. When the price of TRON crosses over the Hull Suite forex signals indicator, the bears take over. Since the QQE MOD Crypto signaling indicator is lower than zero, it displays a negative trend. If the buying trend persists over $0.162, the price of TRON may be able to break through the $0.169 and $0.180 obstacles. If the price stays below $0.155, it can get close to the $0.150 and $0.142 levels.

TRX/USD Medium-term Trend: Bearish

The TRON image gets lower throughout the first four hours. The fact that TRON is currently trading below $0.162 is reassuringly bearish trend. Sellers may be able to hold the $0.162 resistance level if the price breaks through the prior barrier and begins to decrease from there. It decreased steadily for about a week before breaking over the previous support levels. As soon as the currency closes below $0.155, bears might push it lower.

TRON (TRX/USD) Price: Unable to Overcome Barrier at 0.169 Resistance Level The Hull Suite is currently more costly than TRON. Furthermore, a sell is indicated by the color red when the QQE MOD falls below the zero limit.

Start using a world-class auto trading solution

You can purchase crypto coins here: Buy LBLOCK

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Learn to Trade

Never Miss A Trade Again

step 1
Signal Notification

Real-time signal notifications whenever a signal is opened, closes or Updated

step 2
Get Alerts

Immediate alerts to your email and mobile phone.

step 3
Entry Price Levels

Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.

Share with other traders!

telegram
Telegram
forex
Forex
crypto
Crypto
algo
Algo
news
News