Tron (TRX) Rallies 10% Despite Bearish Moves in ETH and BTC

2019-1-22 07:42

Tron price regained strength and traded above the $0.0250 resistance. TRX performed really well despite recent bearish moves in Ethereum, bitcoin and ripple.

Key Talking Points

Tron price made a fresh upward move and traded above the $0.0250 resistance (Data feed of Binance) against the US Dollar. There was a break above a monster bearish trend line with resistance at $0.0260 on the 4-hours chart. TRX price is trading nicely with a bullish angle and it could soon break the $0.0270 resistance. Tron Price Analysis

Recently, we saw bearish moves in litecoin, Ethereum, bitcoin, ripple and other altcoins, but tron price remained supported against the US dollar. The TRX/USD pair formed a solid support above the $0.0240 level and later started a fresh bullish wave.

Looking at the chart, TRX price broke the $0.0250 and $0.0255 resistance levels, and it is currently trading well above the 100 simple moving average (4-hours). Moreover, there was a break above the last swing high at $0.0261.

Buyers were successful in pushing the price above a monster bearish trend line with resistance at $0.0260 on the 4-hours chart. The price even spiked above the $0.0264 level and tested the 1.236 Fib extension level of the last decline from the $0.0261 high to $0.0231 low.

At the moment, the price is consolidating gains above the $0.0260 level and it may continue to move higher. Once there is a break above the $0.0268 and $0.0270 resistance levels, there could be a sharp drift towards the $0.0300 level.

More importantly, the next stop could be the 1.618 Fib extension level of the last decline from the $0.0261 high to $0.0231 low. On the other hand, if there is a downside correction, the previous resistances near $0.0260 and $0.0255 are likely to act as strong supports.

Overall, TRX remains well bid above the $0.0250 pivot level and there are high possibilities of more gains above the $0.0265 and $0.0270 levels in tron in the coming sessions.

The market data is provided by TradingView.

The post Tron (TRX) Rallies 10% Despite Bearish Moves in ETH and BTC appeared first on Ethereum World News.

Similar to Notcoin - Blum - Airdrops In 2024

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 $ 0.026012 (-100%)

tron bearish above despite trx moves ethereum

Источник: ethereumworldnews.com

tron bearish → Результатов: 81


Tron (TRX) Bullishly Exploding, Soaring Higher Than Other Cryptos

The crypto market has been experiencing drag in the movement of price under a bearish condition. While some cryptos are weighed down by the present condition, some have been able to break out. Some cryptos are still struggling to break out, but Tron TRX seems to have gathered enough strength to break off the bearish […] The post Tron (TRX) Bullishly Exploding, Soaring Higher Than Other Cryptos appeared first on ZyCrypto.

2019-1-14 20:26


Tron (TRX)’s Price at Its 200-Day MA as niTROn Event Approaches

Recently Tron’s price crossed and spiked nearly 50% above its 200-day moving average in a strong bullish move. TRX was the only major cryptocurrency to be trading above this long term trend indicator, but with the market taking a bearish turn over the last few days, TRX’s price has now retraced and is resting just above […] Tron (TRX)’s Price at Its 200-Day MA as niTROn Event Approaches was originally found on Cryptocurrency News | Blockchain News | Bitcoin News | blokt.com.

2019-1-12 23:23


This Week in Crypto: Amazon to lead next bull run, BTC undervalued, XRP on Coinbase, Best time to buy Bitcoin, ETH and EOS Better than Tron? And More

The week 9 to 15 December was another bloody week for cryptocurrencies. The market has been bearish with the top cryptocurrencies bleeding until today when it has sustained the green zone. A number of other interesting stories also unfolded, the best of which we have picked and summarized for you in this weekly summary just […] The post This Week in Crypto: Amazon to lead next bull run, BTC undervalued, XRP on Coinbase, Best time to buy Bitcoin, ETH and EOS Better than Tron? And More appeared first on ZyCrypto.

2018-12-17 00:41


Tron [TRX]’s Newly launched Decentralized Exchange is Bullishly Exploding

Tron has found a way of making the bearish market impenetrable to other important market successes other than its trading price. It has been a week-long of win galore for Tron’s Justin Sun as he seems unable to contain his excitement whilst sharing the success of his token and every other Tron-related project, one of […] The post Tron [TRX]’s Newly launched Decentralized Exchange is Bullishly Exploding appeared first on ZyCrypto.

2018-11-17 20:43


дальше еще 32 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Here’s why Justin Sun’s Tron could soar to $1

Tron price continued its strong momentum this week and reached an all-time high, pushing its market cap to over $17 billion. Tron (TRX) surged to a record high of $0.2068, bringing its year-to-date gains to over 80%, making it one…