Tron’s (TRX/USD) Price: Buyers Are Preventing Further Price Decrease at $0.069

Azeez Mustapha

Updated:

Unlock Daily Forex Signals

Select a Plan

£39

1 - month
Subscription

Select

£89

3 - month
Subscription

Select

£129

6 - month
Subscription

Select

£399

Lifetime
Subscription

Select

£50

Separate Swing Trading Group

Select

Or

Get VIP forex signals, VIP crypto signals, swing signals, and forex course free for lifetime.

Just open an account with one our affiliate broker and make a minimum deposit: 250 USD.

Email [email protected] with a screenshot of funds on account to get access!

Sponsored by

Sponsored Sponsored
Checkmark

Service for copy trading. Our Algo automatically opens and closes trades.

Checkmark

The L2T Algo provides highly profitable signals with minimal risk.

Checkmark

24/7 cryptocurrency trading. While you sleep, we trade.

Checkmark

10 minute setup with substantial advantages. The manual is provided with the purchase.

Checkmark

79% Success rate. Our outcomes will excite you.

Checkmark

Up to 70 trades per month. There are more than 5 pairs available.

Checkmark

Monthly subscriptions begin at £58.


Buyers may dominate the Tron market

TRON Price Analysis – 01 March

Tron may incline to the $0.072 resistance level after it breaks the $0.070 level when buyers exert more pressure and the daily candle crosses over and closes above the $0.070 threshold. In case the sellers’ momentum pushes through the $0.069 support level, the price of Tron could fall to $0.066 and $0.064 levels

Key Levels:

Resistance levels: $0.070, $0.072, $0.074

Support levels: $0.069, $0.066, $0.064

TRX/USD Long-term Trend: Bullish

Tron is in the bullish movement on the daily chart. The price tested the previous August high at the $0.072 resistance level due to pressure from buyers. When buyers predominated in the market, the previous resistance levels of $0.064, $0.066 and $0.069 changed to support levels.

Today, the appearance of a bullish engulfing candle give the bulls the confidence to challenge the bears at $0.069. The market for Tron is currently dominated by buyers, and the price is increasing toward the previous high at $0.070 resistance level. Tron is now trading above the two EMAs. The price may incline to the $0.072 resistance level after it breaks the $0.070 level when buyers exert more pressure and the daily candle crosses over and closes above the $0.070 threshold. In case the sellers’ momentum pushes through the $0.069 support level, the price of Tron could fall to $0.066 and $0.064 levels.

TRX/USD Medium-term Trend: Bullish

On the 4-hour chart, Tron is moving higher. The market was controlled by buyers last two weeks, and the price rose to the $0.072 resistance level. Bullish momentum weakened, preventing the price from rising over the previous level. Further pressure from sellers causes the price to fall near the $0.066 level, which acts as support. The price is rejected at $0.066 and currently increasing toward the previous high of $0.072.

Tron is currently trading above both the 9-period and 21-period exponential moving averages. Relative Strength Index period 14 signal line is at 61 levels and pointing up, giving buying signal.

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

Share with other traders!

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

Leave a Reply

Your email address will not be published. Required fields are marked *