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TRX/USD Short-term Trend: Bullish

TRXUSD continues in an uptrend market in its short-term outlook. Just like usual the crypto’s price is going up as we can see from the 4-hourly chart.

Today’s 4-hour opening candle at $0.016 in the resistance area is bullish as the bulls remain dominant in the market.
TRXUSD is initially up at $0.017 above the two EMAs in the resistance area, an indication of more buyers present in the market.

Thus, the stochastic signal pointing down at level 79% in the overbought region suggests the momentum in price of the coin might encounter a trend reversal in the days ahead, in this case, a downtrend in the short-term.