These Two Altcoins Have Moved Above Important Resistance Levels

These Two Altcoins Have Moved Above Important Resistance Levels
фото показано с : beincrypto.com

2020-6-4 19:31

Both Reserve Rights (RSR) and TRON (TRX) have broken out from long-term descending resistance lines — possibly indicating that they have begun bullish trends.

Reserve Rights (RSR)

The descending resistance line and break out for RSR were outlined by cryptocurrency trader @PostyXBT, who stated that :

Finally we get a clean breakout[.] A daily close above green would be ideal, but a lot to ask for [in my opinion.]

Source: Twitter

Indeed, RSR has broken out from a long-term descending resistance line and has flipped the 36 satoshi level as support.

Additionally, a bullish cross has transpired between the 50- and 200-period moving averages (MAs), supporting the possibility that a bullish trend has already begun.

If the price continues to move upwards, which is looking likely, the closest resistance level is found at 46 satoshis.

RSR Chart By Tradingview TRON (TRX)

One coin that has not yet broken out but is in the process of doing so is TRON (TRX). The price has been following a descending resistance line since February 14. At the time of writing, the price was attempting to break out from this resistance line for the fourth time. Furthermore, the price was facing resistance from the 172-satoshis horizontal area.

However, the RSI shows a growing bullish divergence, which indicates that the price will break out. Also, yesterday’s daily close was the highest since May 4, slightly above this descending resistance line.

If the price breaks out, the next resistance level is found at 195 satoshis.

TRX Chart By Tradingview

The short-term chart supports this possible increase. TRX has successfully flipped the 168 satoshi level as support and has created numerous long lower wicks.

In addition, there is an impending bullish cross between the 50- and 200-hour moving averages (MAs), a sign that a bullish trend has begun and the price is likely to continue moving upwards.

TRX Chart By Tradingview

The post These Two Altcoins Have Moved Above Important Resistance Levels appeared first on BeInCrypto.

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Reserve Rights (RSR) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0.0020188
Капитализация $0 Rank 99999
Цена в час новости $ 0.0036736 (-100%)

resistance rsr rights descending out reserve clean

resistance rsr → Результатов: 2


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2 Altcoins That Could Soon Break Out

ALGO has reclaimed a long-term support level and created a bullish reversal pattern. RSR is attempting to break out above a very important resistance level but has yet to do so. Algorand (ALGO) The possibility of the ALGO price moving upwards was shown by @damskotrades, and it shows that the price has just reclaimed the […] The post 2 Altcoins That Could Soon Break Out appeared first on BeInCrypto.

2020-5-27 17:50