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TRX/USD Long-term Trend: Bullish
Supply zone: $0.03500, $0.04000, $0.04500
Demand zone: $0.01000, $0.00800, $0.00600
Tron long-term outlook is a bullish trend. The bulls returned after a drop in price to $0.01920 in the demand area on 1st January. Progressive upward price movement led a pushed of TRXUSD to $0.02425 in the supply on 5th January. This was the high of the week and also a retest of the $0.02400 key supply area.
The new trading week opened bullish at $0.02262 which was high than last week opening price at $0.02045. An indication of strong bullish pressure.
With the stochastic oscillator signal pointing up at 63% and price above the two EMAs crossover. These imply upward momentum in price of the cryptocurrency.
A breakout is most probable at $0.02400, the key supply area as price journey up north in the long-term.
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