Crypto Chart 11/2021 Review 1 BTC/TRX


Peace


Greetings to you dear readers. The price of the token presented below on the weekly chart is going to be reviewed in a short description of trends. It is important to never invest more than you can afford to lose. The opinions given in this article are only for educational purposes. Please I recommend you to conduct thorough research on the cryptocurrencies you have as targets before any action in this volatile market.

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The price on the weekly chart describes the evolution of Tron token against BTC on candles representing the distribution of the prices. The TRX prices are moving down and are located as I am writing this article around 166 Satoshi. The red lines between that range of prices represent resistance lines which indicate the token ceiling and floor value with a time period on the market. It appears that the TRX value is going to keep its downtrend as the successive red candles follow one another. However, the community has great confidence in a potential token value increase since the red curve is closer to the green curve. The moving average showed the sideway trending of the value of TRX. The two factors have confirmed this trend for the past weeks. I expect the market traders will react and validate this analysis otherwise, hold your bag of Tron as the prices skyrocket.


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Please share with us in the comment section whatever suggestions or questions you would like me to consider for the improvement of this series of crypto prices analyses.


Warm regards


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Comments 1


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08.11.2021 05:18
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