Successful Retest: TRX price successfully retests the broken $0.085 zone, indicating bullish strength.
50-day EMA Reversal: The price finds an early reversal from the 50-day EMA, showing high demand at lower levels.
Targeting $0.10: With the ongoing post-retest reversal, TRX aims for the $0.10 mark this year.
Intraday Growth: Currently trading at $0.08757, TRX shows an intraday growth of 0.71%.
Bullish Engulfing: A 2.44% growth last night led to the formation of a bullish engulfing candle.
RSI Bounce: The RSI line takes a short dip from the oversold zone and bounces back, hinting at a positive rally.
Golden Crossover: The 50-day and 200-day EMAs confirm a golden crossover, supporting the uptrend.
High Demand: The quick reversal over the weekend shows high demand for TRX at lower levels.
Higher Highs: TRX sustains higher high formations, keeping the uptrend intact.
$0.091 Resistance: The uptrend must exceed the $0.091 mark to reach the bullish target of $0.10.
Bulls in Control: The golden crossover and bullish candles indicate that bulls are in control.
Bearish Reversal Risk: A reversal could occur if bears take control, challenging the bullish dominance at $0.083.
50-day EMA Reversal: The price finds an early reversal from the 50-day EMA, showing high demand at lower levels.
Targeting $0.10: With the ongoing post-retest reversal, TRX aims for the $0.10 mark this year.
Intraday Growth: Currently trading at $0.08757, TRX shows an intraday growth of 0.71%.
Bullish Engulfing: A 2.44% growth last night led to the formation of a bullish engulfing candle.
RSI Bounce: The RSI line takes a short dip from the oversold zone and bounces back, hinting at a positive rally.
Golden Crossover: The 50-day and 200-day EMAs confirm a golden crossover, supporting the uptrend.
High Demand: The quick reversal over the weekend shows high demand for TRX at lower levels.
Higher Highs: TRX sustains higher high formations, keeping the uptrend intact.
$0.091 Resistance: The uptrend must exceed the $0.091 mark to reach the bullish target of $0.10.
Bulls in Control: The golden crossover and bullish candles indicate that bulls are in control.
Bearish Reversal Risk: A reversal could occur if bears take control, challenging the bullish dominance at $0.083.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.