TRXUSD Long-term Trend – Ranging
- Distribution territories: $0.04, $0.045, $0.05
- Accumulation territories: $0.02, $0.015, $0.01
On April 2, as was the case with most cryptocurrencies, TRX’s price went up, and got close to the $0.03 mark. The cryptocurrency made a notable similar attempt to pass through the $0.03 mark later on, yet didn’t manage to do so.
TRX’s both SMAs are close to the $0.025 mark, with the 14-day SMA being located over the 50-day SMA. The Stochastic Oscillators crossed within ranges 60 and 40, and are pointing north. The cryptocurrency appears to be entering ranged movements between $0.035 and $0.03.
If it manages to get to that range, TRX may be trading within it for a while. A breakout or a breakdown shouldn’t be overlooked, as these may occur at any time.
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