Today we will make a global forecast for the cryptocurrency TRX.
From March 2020 to April 2021, the Tron market experienced strong and confident price growth, which can be marked by the first wave of growth.
From April 2021 to the present, the second wave of correction continues, which in our opinion may have 3 options for completion, which will be discussed below:
Cryptocurrency TRX forecast – options for completing the correction
TRXUSDT 1D When the Tron price correction ends ? by P_S_trade on TradingView.com
- Correction at the final stage. The aggressive buyout on April 21 by buyers shows that they are set to start a wave of growth. Even despite the correction in the price of BTC.
In this case, $0.06 for TRX is a critical point, below which prices can not fall.
- As part of the correction, another wave of fall is possible. This option is to fix the price of trhusd below 0.06 and start the final wave down. The fall can attract the upper limit of the liquidity zone – the level of $0.035
3. Corrective collapse of the cryptocurrency TRX. This is the most pessimistic option, which will become real with a sharp fall in the entire crypto market. In this case, you can focus on the lower limit of the liquidity zone – the level of $0.024.
We are trading probabilities and probably do not know which option will work exactly. However, the painted and painted action plan is already half the work, now the main thing is to orientate in time and make the right decision in the future.