Tron (TRX) supply and demand zones:
Supply zones: $0.026, $0.028, $0.30
Demand zones: $0.025, $0.022, $0.020
Tron (TRX) Medium-term Price Analysis: Bearish
TRX is bearish in its medium-term outlook. The coin made a sporadic uptrend movement in which the price was pushed to the higher level of supply zone of $0.30 two days ago. The market returned to the demand zone of $0.025 by the bears, which might change the trend downward in-case the bears increase pressure.
Yesterday, the bears were in control of the market as the coin moved gradually below the demand zone of $0.025. In case the bears increase their momentum, the coin may move to the south and break the demand zone of $0.025. The coin would be exposed to the lower demand zone of $0.022. Increasing pressure from the bulls would make the coin rally further to the north.
The price is above the 4-day EMA and 50-day EMA, bending toward the south with the stochastic oscillator of 14. The signal lines point to the south, hinting a downtrend movement.
Tron (TRX) Short-term Price Analysis: Ranging
On the one-hour chart, the cryptocurrency pair is ranging. TRX/USD made a bullish movement to the high level of supply zone, which shortly received a counter from the bears which in-turn brought the price back to the lower level of the demand zone. Since that time, the market has been moving sideways.
The coin is on the demand zone of $0.025 with the probability of moving lower as it is below the 4-day EMA and 50-day EMA below the price.
In case the bears increase their momentum, the coin may be pushed down to the demand zone of $0.022. The Stochastic Oscillator 14 is below the 50 regions and signal lines point toward the south, which indicates a sell signal.