Ethereum [ETH] and Tron [TRX] Price Analysis: Bulls prepare to charge as market corrects itself

2019-5-13 10:30

The cryptocurrency market saw a fall in prices as most cryptocurrencies fell owing to correction forces, despite Bitcoin [BTC] recording considerable gains. Ethereum [ETH] and Tron [TRX] corrected themselves after noting significant rises.

Ethereum [ETH]

At press time, ETH was valued at $190.02 with a market cap of $20.15 billion. The 24-hour trading volume of the coin was noted to be $9.86 billion as the coin dropped by 3.04% over the past day. Over the past week, the coin noted a growth of 17.29% and was up by 0.13% over the past hour.

Source: Trading view

Resistance- $191.77

Support 1- $154.63

Support 2- $134.79

Bollinger Bands appeared to have converged, indicating reduced volatility in the market. The moving average line was under the candlesticks, marking a bullish market.

Awesome Oscillator indicated a strengthening bullish market.

Chaikin Money Flow pointed towards a bullish trend as the marker line moved above zero.

Tron [TRX] 

At press time, TRX was valued at $0.0245 with a market cap of $1.63 billion. The 24-hour trading volume of TRX was noted to be $840 million as it grew by 5.55% over the past week. In the past day, the token plunged by 3.15%, but managed to report a growth of 0.14% in an hour.

Source: Trading view

Resistance- $0.0309

Support- $0.0229

Parabolic SAR indicated a bullish trend as the markers aligned under the candlesticks.

MACD line was above the signal line marking a bullish market.

Relative Strength Index indicated that the buying and the selling pressures had evened each other out.

Conclusion 

According to the long-term charts of ETH and TRX, a bullish market was forecast.

The post Ethereum [ETH] and Tron [TRX] Price Analysis: Bulls prepare to charge as market corrects itself appeared first on AMBCrypto.

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Ethereum (ETH) на Currencies.ru

$ 1903.01 (+0.02%)
Объем 24H $15.088b
Изменеия 24h: -0.27 %, 7d: -13.07 %
Cегодня L: $1842.67 - H: $1905.35
Капитализация $229.531b Rank 2
Цена в час новости $ 187.47 (915.1%)

eth market ethereum trx tron itself corrects

Источник: ambcrypto.com

eth market → Результатов: 126


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