Tron [TRX] Holds Strong Above Key Level

2019-1-3 19:13

Tron Daily Chart – Source: Tradingview.com

Tron has had a bullish start to 2019 as it has held above the point where price crashed in mid-November of 2018.

The end of 2018 was extremely bearish for almost every cryptocurrency, and Tron particularly crashed hard when it broke below support at $0.018 in mid-November.

It has since recovered above this level, and any drops close to this level have quickly met support.

The market overall has been bullish with many major cryptocurrencies forming ascending triangle patterns which are bullish trend continuation patterns.

Tron is currently recording its third consecutive daily increase and trades around $0.021.

If price can continue to increase from here, the next significant area of resistance to monitor is $0.028.

For the price to rise to this point, there will likely need to be continued bullish conditions across the cryptocurrency market.

Tron 4hr Chart – Source: Tradingview.com

The four-hour chart for Tron is showing that the short-term outlook is setting up bullish. Both the MACD and RSI are increasing indicating of increasing buyer momentum.

There is also an upward trend line forming, and the most recent candles price action has managed to overtake the losses of the three previous price action candles.

While overall market conditions remain bullish, the technical analysis for Tron is setting up for a likely outperformance.

Key Takeaways: Tron price holds above a key support level at $0.018. This is the point where price crashed in mid-November. Shorter-term outlook is setting up bullish with an upward trend line forming and the most recent 4-hour candle overtaking the losses of the three previous candles. Both the RSI and MACD are also increasing on the 4-hour indicative of increasing buyer momentum. Latest Tron News:

Tron’s TRX Will Now Be Available on Ellipal Cold Wallet

TRON Taps Former Developer of Ethereum Classic Development Team – Weekly Report

DISCLAIMER: Investing or trading in digital assets, such as those featured here, is extremely speculative and carries substantial risk. This analysis should not be considered investment advice, use it for informational purposes only. Historical performance of the assets discussed is not indicative of future performance. Statements, analysis, and information on blokt and associated or linked sites do not necessarily match the opinion of blokt. This analysis should not be interpreted as advice to buy, sell or hold and should not be taken as an endorsement or recommendation of a particular asset.

Tron [TRX] Holds Strong Above Key Level was originally found on Cryptocurrency News | Blockchain News | Bitcoin News | blokt.com.

origin »

TRON (TRX) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0.1171
Капитализация $0 Rank 99999
Цена в час новости $ 0.0228088 (-100%)

above tron level crashed mid-november 2018 cryptocurrency

Источник: blokt.com

above tron → Результатов: 57


Tron [TRX] up 8.26%, Among Today’s Top Large Cap Cryptocurrency Performers – Inverse Head & Shoulders Pattern in Play?

Tron is one of today top large-cap cryptocurrency performers with only Bitcoin Private and Noah Coin above it on CoinMarketCap’s top 100 Market Capitalization. Tron is currently up 8. 26% for the day according to TradingView and looks to be building an inverse head and shoulders pattern.

2018-10-7 20:09


EOS, Litecoin, Stellar Lumens, Tron, IOTA Technical Analysis: Altcoins Shaking Off Sellers with IOTA, Tron, XLM Recording Gains

Though gains are around three percent week over week, altcoins are clearly rejecting lower lows and recovering. Thus far, there are reasonable gains in Litecoin, EOS and Stellar Lumens. If Stellar Lumens shake off sellers and bulls drive prices above 26 cents, chances are another flip may happen with EOS dropping down to position six.

2018-8-25 03:13


дальше еще 8 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Crypto Whale Offloads 10,070 Ethereum – Is ETH Losing Its Appeal?

2025 has not started on a strong note for Ethereum (ETH), as the second-largest digital asset by market cap continues to trade below its yearly open. Recent on-chain movements also suggest that crypto whales might be losing confidence in ETH’s potential to deliver outsized returns.

Weekly price analysis: prices decline on risk-off sentiments

The crypto market trended lower last week, driven largely by risk-off sentiments on newly released Fed meeting notes and economic data The Fed expressed caution around inflation, especially as President-elect Donald Trump’s policies will kick in after his inauguration on January 20 Meanwhile, spot crypto exchange-traded funds (ETFs) logged outflows from Wednesday, January 8 Bitcoin […] The post Weekly price analysis: prices decline on risk-off sentiments appeared first on CoinJournal.

Weekly Price Analysis: Prices Decline on Risk-Off Sentiments

Cryptos trended lower last week, driven largely by risk-off sentiments on newly released Fed meeting notes and economic data. The Fed expressed caution around inflation, especially as Trump’s policies will kick in after his inauguration on Jan.

Will Ethereum Bounce Back? Crypto Analysts Discuss Potential Price Recovery

In the past week, Ethereum (ETH) has dropped 9. 3%, falling from $3,630 on January 3 to $3,235 at the time of writing. While ETH is striving to defend the psychologically significant support level at $3,000, some crypto analysts remain confident that the digital asset’s long-term price trajectory is bullish.

Bitcoin price analysis: economic headwinds push price lower

Bitcoin tested the $92,000 level yesterday after falling from a weekly high of $102,000 as sell pressures mounted Macroeconomic factors cause doubts about the market strength as sticky inflation becomes a concern Spot crypto ETFs logged large outflows on Wednesday following the release of the Fed meeting notes Bitcoin’s price has fallen from a high […] The post Bitcoin price analysis: economic headwinds push price lower appeared first on CoinJournal.