{"id":227511,"date":"2019-05-23T18:31:28","date_gmt":"2019-05-23T22:31:28","guid":{"rendered":"http:\/\/insidebitcoins.com\/?p=227511"},"modified":"2020-06-11T10:51:05","modified_gmt":"2020-06-11T14:51:05","slug":"tron-trading-trx-bears-dominate-pulling-price-towards-next-support","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/tron-trading-trx-bears-dominate-pulling-price-towards-next-support","title":{"rendered":"Tron Trading: TRX Bears Dominate Momentum, Pulling Price Towards Next Support"},"content":{"rendered":"

Tron (TRX) Price Analysis \u2013 May 23<\/h3>\n

The TRX market has been trending in the opposite direction since the Dollar market rise-up which has now resumed bearish after a break-out. As a result of this, the sellers are gaining control of the market, aiming at near-by support. Currently, the token is trading<\/a> at around $0.026 level.<\/p>\n

TRX\/USD Market<\/h2>\n

Key Levels:<\/strong>
\nResistance levels: $0.028, $0.03
\nSupport levels: $0.024, $0.022<\/p>\n

From the medium-term chart, we can see the bullish cross above the important 50-day moving average (yellow band) as the buyers walk the market up to the $0.33 which later closed price at the $0.032.<\/p>\n

Having touched the above price level, TRX\/USD pair fell massively back to the base of the white ascending trend line, which has been supporting the market against a bear-run.<\/p>\n

\"\"<\/a><\/p>\n

After a week crawl, Tron market eventually plummeted below both the 50MA and the white line yesterday. A retest is actually playing out towards the break level of $0.028 resistance. A further rise might hit the $0.03 resistance.<\/p>\n

The next key support is $0.024 and $0.022. The RSI is already bearish below the 50 level. Similarly, the MACD is about to cross over to the negative zone.<\/p>\n

TRX\/BTC Market<\/h2>\n

Following the bearish sentiment, the TRX\/USD pair is yet to make a significant move above the important 50-day moving average (yellow line) as the market continues to maintain a downward position.<\/p>\n

This suggests that the bears are dominating the market. Meanwhile, the MACD is revealed in a decline. In fact, the signal is synonymous on the medium-term RSI which has made head towards the oversold condition.<\/p>\n

\"\"<\/a>
TRXBTC-4H-Chart-May-23<\/figcaption><\/figure>\n

Selling pressure may provide support at around the 315SAT level. Breaking this level may lead to a bearish continuation, finding next support around the 300 SAT. If the market reverses, however, we can expect a potential buying pressure at the 380 SAT resistance and above.<\/p>\n

However, there\u2019s a need for a surge to get the market out of the bear zone. The cryptocurrency follows a bearish scenario for now.<\/p>\n

Please note:<\/em><\/strong> insidebitcoins.com is not a financial advisor. Do your own research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Tron (TRX) Price Analysis \u2013 May 23 The TRX market has been trending in the opposite direction since the Dollar market rise-up which has now […]<\/a><\/div>","protected":false},"author":1742,"featured_media":227524,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[8009,7992,8007,8290],"acf":[],"yoast_head":"\nTron Trading: TRX Bears Dominate Momentum, Pulling Price Towards Next Support<\/title>\n<meta name=\"description\" content=\"The TRX market has been trending in the opposite direction since the Dollar market rise-up which has now resumed bearish after a break-out.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/227511\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tron Trading: TRX Bears Dominate Momentum, Pulling Price Towards Next Support\" \/>\n<meta property=\"og:description\" content=\"The TRX market has been trending in the opposite direction since the Dollar market rise-up which has now resumed bearish after a break-out.\" \/>\n<meta property=\"og:site_name\" content=\"InsideBitcoins.com\" \/>\n<meta property=\"article:published_time\" content=\"2019-05-23T22:31:28+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-06-11T14:51:05+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2019\/05\/TRXUSD-4H-Chart-May-23.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1365\" \/>\n\t<meta property=\"og:image:height\" content=\"728\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Azeez Mustapha\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@ItuGlobal\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Azeez Mustapha\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/227511#article\",\"isPartOf\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/227511\"},\"author\":{\"name\":\"Azeez Mustapha\",\"@id\":\"https:\/\/insidebitcoins.com\/#\/schema\/person\/0e3e45af228d02da2a4f4ff4b82454b8\"},\"headline\":\"Tron Trading: TRX Bears Dominate Momentum, Pulling Price Towards Next Support\",\"datePublished\":\"2019-05-23T22:31:28+00:00\",\"dateModified\":\"2020-06-11T14:51:05+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/227511\"},\"wordCount\":379,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/insidebitcoins.com\/#organization\"},\"keywords\":[\"Price Prediction\",\"Technical Analysis\",\"TRXBTC\",\"TRXUSD\"],\"articleSection\":[\"More Crypto News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/227511#respond\"]}],\"copyrightYear\":\"2019\",\"copyrightHolder\":{\"@id\":\"https:\/\/insidebitcoins.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/227511#primaryimage\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/227511\",\"url\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/227511\",\"name\":\"Tron Trading: TRX Bears Dominate Momentum, Pulling Price Towards Next Support\",\"isPartOf\":{\"@id\":\"https:\/\/insidebitcoins.com\/#website\"},\"datePublished\":\"2019-05-23T22:31:28+00:00\",\"dateModified\":\"2020-06-11T14:51:05+00:00\",\"description\":\"The TRX market has been trending in the opposite direction since the Dollar market rise-up which has now resumed bearish after a break-out.\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/227511\"]}],\"primaryImageOfPage\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/227511#primaryimage\"},\"image\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/227511#primaryimage\"}},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/insidebitcoins.com\/#website\",\"url\":\"https:\/\/insidebitcoins.com\/\",\"name\":\"InsideBitcoins.com\",\"description\":\"Search & Compare Brokers within Crypto, Forex & Stocks\",\"publisher\":{\"@id\":\"https:\/\/insidebitcoins.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/insidebitcoins.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/insidebitcoins.com\/#organization\",\"name\":\"InsideBitcoins\",\"url\":\"https:\/\/insidebitcoins.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/insidebitcoins.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/07\/insidebitcoins.svg\",\"contentUrl\":\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/07\/insidebitcoins.svg\",\"width\":195,\"height\":32,\"caption\":\"InsideBitcoins\"},\"image\":{\"@id\":\"https:\/\/insidebitcoins.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/insidebitcoins.com\/#\/schema\/person\/0e3e45af228d02da2a4f4ff4b82454b8\",\"name\":\"Azeez Mustapha\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/insidebitcoins.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/368a1c3ea65da09a1128621f280ad865?s=96&d=mm&r=pg\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/368a1c3ea65da09a1128621f280ad865?s=96&d=mm&r=pg\",\"caption\":\"Azeez Mustapha\"},\"description\":\"Azeez Mustapha is a technical analyst with many years trading experience in the stock exchange and crypto markets. He has broad experience in forex trading, coaching, and funds management. Azeez provides daily articles covering the price movements of major cryptocurrencies, and has contributed to a range of respected publications and trading magazines. Find his other published work on Learn2.trade, and CryptoSignals.org.\",\"sameAs\":[\"https:\/\/www.linkedin.com\/in\/azeez-mustapha-0825565b\/\",\"https:\/\/twitter.com\/ItuGlobal\"],\"gender\":\"male\",\"knowsAbout\":[\"Stock Exchange\",\"Cryptocurrency Trading\",\"Forex\"],\"jobTitle\":\"Author\",\"url\":\"https:\/\/insidebitcoins.com\/author\/azeezmustaph\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Tron Trading: TRX Bears Dominate Momentum, Pulling Price Towards Next Support","description":"The TRX market has been trending in the opposite direction since the Dollar market rise-up which has now resumed bearish after a break-out.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/227511","og_locale":"en_US","og_type":"article","og_title":"Tron Trading: TRX Bears Dominate Momentum, Pulling Price Towards Next Support","og_description":"The TRX market has been trending in the opposite direction since the Dollar market rise-up which has now resumed bearish after a break-out.","og_site_name":"InsideBitcoins.com","article_published_time":"2019-05-23T22:31:28+00:00","article_modified_time":"2020-06-11T14:51:05+00:00","og_image":[{"width":1365,"height":728,"url":"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2019\/05\/TRXUSD-4H-Chart-May-23.jpg","type":"image\/jpeg"}],"author":"Azeez Mustapha","twitter_card":"summary_large_image","twitter_creator":"@ItuGlobal","twitter_misc":{"Written by":"Azeez Mustapha","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/227511#article","isPartOf":{"@id":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/227511"},"author":{"name":"Azeez Mustapha","@id":"https:\/\/insidebitcoins.com\/#\/schema\/person\/0e3e45af228d02da2a4f4ff4b82454b8"},"headline":"Tron Trading: TRX Bears Dominate Momentum, Pulling Price Towards Next Support","datePublished":"2019-05-23T22:31:28+00:00","dateModified":"2020-06-11T14:51:05+00:00","mainEntityOfPage":{"@id":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/227511"},"wordCount":379,"commentCount":0,"publisher":{"@id":"https:\/\/insidebitcoins.com\/#organization"},"keywords":["Price Prediction","Technical Analysis","TRXBTC","TRXUSD"],"articleSection":["More Crypto News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/227511#respond"]}],"copyrightYear":"2019","copyrightHolder":{"@id":"https:\/\/insidebitcoins.com\/#organization"},"image":{"@id":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/227511#primaryimage"}},{"@type":"WebPage","@id":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/227511","url":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/227511","name":"Tron Trading: TRX Bears Dominate Momentum, Pulling Price Towards Next Support","isPartOf":{"@id":"https:\/\/insidebitcoins.com\/#website"},"datePublished":"2019-05-23T22:31:28+00:00","dateModified":"2020-06-11T14:51:05+00:00","description":"The TRX market has been trending in the opposite direction since the Dollar market rise-up which has now resumed bearish after a break-out.","inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/227511"]}],"primaryImageOfPage":{"@id":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/227511#primaryimage"},"image":{"@id":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/227511#primaryimage"}},{"@type":"WebSite","@id":"https:\/\/insidebitcoins.com\/#website","url":"https:\/\/insidebitcoins.com\/","name":"InsideBitcoins.com","description":"Search & Compare Brokers within Crypto, Forex & Stocks","publisher":{"@id":"https:\/\/insidebitcoins.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/insidebitcoins.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/insidebitcoins.com\/#organization","name":"InsideBitcoins","url":"https:\/\/insidebitcoins.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/insidebitcoins.com\/#\/schema\/logo\/image\/","url":"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/07\/insidebitcoins.svg","contentUrl":"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/07\/insidebitcoins.svg","width":195,"height":32,"caption":"InsideBitcoins"},"image":{"@id":"https:\/\/insidebitcoins.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/insidebitcoins.com\/#\/schema\/person\/0e3e45af228d02da2a4f4ff4b82454b8","name":"Azeez Mustapha","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/insidebitcoins.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/368a1c3ea65da09a1128621f280ad865?s=96&d=mm&r=pg","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/368a1c3ea65da09a1128621f280ad865?s=96&d=mm&r=pg","caption":"Azeez Mustapha"},"description":"Azeez Mustapha is a technical analyst with many years trading experience in the stock exchange and crypto markets. He has broad experience in forex trading, coaching, and funds management. Azeez provides daily articles covering the price movements of major cryptocurrencies, and has contributed to a range of respected publications and trading magazines. Find his other published work on Learn2.trade, and CryptoSignals.org.","sameAs":["https:\/\/www.linkedin.com\/in\/azeez-mustapha-0825565b\/","https:\/\/twitter.com\/ItuGlobal"],"gender":"male","knowsAbout":["Stock Exchange","Cryptocurrency Trading","Forex"],"jobTitle":"Author","url":"https:\/\/insidebitcoins.com\/author\/azeezmustaph"}]}},"_links":{"self":[{"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/227511"}],"collection":[{"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/users\/1742"}],"replies":[{"embeddable":true,"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/comments?post=227511"}],"version-history":[{"count":0,"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/227511\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/media\/227524"}],"wp:attachment":[{"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/media?parent=227511"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/categories?post=227511"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/tags?post=227511"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}