Ethereum [ETH] and Tron [TRX] Price Analysis: Bulls break out as crypto market heads for recovery

2019-5-8 02:30

The cryptocurrency market was flashing green, driving the collective market cap to $188.10 billion. The latest recovery managed to push crypto-assets to post significant gains.

1-day ETH chart

The second largest cryptocurrency on CoinMarketCap, Ethereum [ETH] held a market cap of $18.75 billion and was priced at $176.90 after rallying by 7.89% over the last 24 hours. At press time, the crypto-asset recorded a 24-hour trading volume of $8.85 billion.

Source: TradingView

The one-day ETH chart registered three uptrends. The first was observed from $105.60 to $135.80, followed by a market correction. Another uptrend was noted from $135.80 to $154.30, while the third uptrend from $154.30 to $170.90 was prompted by the latest bull run. A downtrend was noted from $213.10 to $146.20. The resistance for the above chart was found at $213.12, while the supports stood firm at $128.50 and $106.20.

Bollinger Bands: The parallel bands indicated a stagnant market phase for the Ethereum [ETH].

Awesome Oscillator: The closing bars of the indicator were green, suggesting a period of bullish activity for the coin.

Chaikin Money Flow: The CMF was also above the zero-line, indicating that money was flowing into the coin market. Hence, a bullish price trend for the crypto-asset was recorded.

1-day TRX chart

The eleventh largest cryptocurrency, Tron [TRX] held a market cap of $1.60 billion and was valued at $0.024, at press time. The digital asset recorded a 24-hour trading volume of $711.7 million. TRX surged by 2.01% over the past 24-hours.

Source: TradingView

The one-day Tron [TRX] chart registered a downtrend from $0.024 to $0.013, along with an uptrend from $0.012 to $0.023. The resistance was marked at $0.035. The digital asset found support at $0.018 and $0.014.

Parabolic SAR: The dotted markers were below the candlesticks, indicating a bullish phase for TRX.

MACD: The MACD line was above the signal line, indicating a bullish trend for the digital coin.

Klinger Oscillator: The reading line was also above the signal line after a bullish crossover.

Conclusion

Bullish activity was predicted for both ETH and TRX in the near term.

The post Ethereum [ETH] and Tron [TRX] Price Analysis: Bulls break out as crypto market heads for recovery appeared first on AMBCrypto.

origin »

Market.space (MASP) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Доступно / Всего 0 MASP

market eth ethereum recovery analysis cryptocurrency trx

Источник: ambcrypto.com

market eth → Результатов: 126


Фото:

ICOs ‘In a Lot of Trouble’ if Bitcoin Stays Under $10K, Says BitPay Exec

Controversial cryptocurrency payment provider BitPay appeared to back Bitcoin over altcoins this week as its CCO told mainstream media the ICO token market was “in a lot of trouble. ” Singh: Market Bottom ‘Hard’ To Call Speaking to Bloomberg in an interview that also featured regular commentator Joe Weisenthal, Sonny Singh focused heavily on Bitcoin as the cryptoasset, which had a chance of upside while remaining silent on major altcoins such as Ether (ETH) .

2018-9-14 22:00


Фото:

US Regulatory Authority Approves BitGo For Custodian – BTC, ETH & XRP For Recovery

US regulatory authority approves BitGo for the status of a custodian for crypto and the market is booming during positive news. The digital currency security startup BitGo has been granted approval of a custodian for crypto and other virtual assets after the company put in a request for permission to act as a digital asset custodian.

2018-9-14 21:30


Фото:

Ethereum Finds Potential Use Case in Hurricane Florence’s Arrival: Automated Insurance Payouts

Ethereum (ETH), the largest altcoin concerning market cap seems to be on a long ride down, as the price of the smart contracts-focused crypto token has slumped considerably in the past few weeks. However, this has not deterred enthusiasts from exploring new horizons, as according to a report on Forbes, dated September 11, 2018, Ethereum’s blockchain could play a pivotal...The post %%POSTLINK%% appeared first on %%BLOGLINK%%.

2018-9-14 20:00


дальше еще 77 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Tron (TRX) Bounces by 45% After June 15 Lows

Tron (TRX) has regained its footing after a decrease as a result of its USDD de-peg, but concerns about its viability still remain. The post Tron (TRX) Bounces by 45% After June 15 Lows appeared first on BeInCrypto.

Will TRX Increase After Inclusion in PancakeSwap Pool?

Tron (TRX) has broken out from a long-term resistance area that had previously been in place for more than two years. It is currently consolidating in anticipation of another upward movement. The post Will TRX Increase After Inclusion in PancakeSwap Pool? appeared first on BeInCrypto.

TRON (TRX) Moves Above Major Weekly Resistance

TRON is expected to be successful in closing above this resistance and gradually move towards the target levels outlined below.   TRON Long-Term Breakout TRX has been on an upward movement since reaching a three-year low in March 2020.

Will TRON (TRX) Finally Break Out Above $0.04?

TRX is expected to eventually be successful in breaking out from this area and begin moving towards higher resistance levels.   TRX Long-Term Resistance The TRX price has been trading below the $0.