$TRX ๐๐
๐ฅshort term analysis ๐ฅ๐ค
Support levels:
Major support at 0.197 and 0.1985.
Resistance levels:
Current resistance at 0.205 and higher at 0.207.
Technical indicators:
Moving averages:
The short-term moving average at 0.2063 is above the long-term average at 0.2032,
indicating positive momentum.
MACD indicator:
DIF (0.001563) and DEA (0.001305) are both positive, with no divergences, suggesting the uptrend may continue.
Recommendations:
Watch the resistance level of 0.207:
If it is broken, the market may record additional rise towards higher levels.
Maintaining a positive outlook:
The general trend is bullish, and investors can take advantage of opportunities provided they follow technical signals.
Follow trading activity and volume, as continued
High volume may indicate the strength of the bullish trend.
Conclusion:
The market currently looks positive, with strong momentum and technical support that enhance the possibility of continued upward movement.
However, it is preferable to follow the basic technical levels to ensure the continuation of the trend.
