Tron (TRX) Price Analysis: The Bears Are Taking Over, Might Drag The Price Below $0.02

2018-10-29 15:10

Distribution Territories: $0.024, $0.026, $0.028

Accumulation Territories: $0.022, $0.021, $0.020

TRX/USD Medium-term Trend: Bearish

TRX/USD is in bearish trend in the medium-term outlook. The bears held tight to the market as they broke the former strong accumulation territory of $0.024 pushing the price further south gradually. The bears’ pressure was obvious at $0.024 former accumulation territory on October 23 when bearish engulfing candle formed and the 21-day EMA crossed the 50-day EMA downside, which indicates downtrend movement.

The upward price move was rejected at the 50-day EMA that acted as a strong resistance on October 26 with the formation of gravestone Doji candle. More bearish candles are forming below the two EMAs, also the two EMAs are fanned apart. This implies more seller presence and strength in the context of the trend. In this scenario, the downtrend is valid as the downward trend line from the chart attests to this.

The stochastic oscillator is above 25 level with its signal lines point to the north. This means that TRX price may retest the 50-day EMA that acted as a resistance before continues its downward trend. $0.022 accumulation territory may likely be the bears’ target in the medium-term.

TRX/USD Short-term Trend: Bearish

Tronix is bearish in the short-term. The downward movement was smooth as the bears broke the former accumulation territory of $0.024, retested it and took the price on a free fall toward $0.022 accumulation territory.

TRX price was touching the trend line before continues its downward movement with the bulls pushing up the price. The bulls’ activities should be seen as pullbacks for the market correction for downtrend continuation. You will notice rejection to the upside at the trend line. Likewise, the bullish momentum may likely see rejection as it touches this trend line. Stochastic Oscillator is above 50 levels with trend lines point to the south which indicate a continuation of a downward trend.

The post Tron (TRX) Price Analysis: The Bears Are Taking Over, Might Drag The Price Below $0.02 appeared first on ZyCrypto.

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 $ 0.0230354 (-100%)

price bears trx 024 accumulation tron former

Источник: zycrypto.com

price bears → Результатов: 126


Analysis: BTC Price is Consolidating in Preparation for Higher Ground

Resistance levels: $6,439, $6,609, $6,744 Support levels: $6,286, $6,145, $6,028 BTC/USD Medium-term Trend: Ranging On October 18, the cryptocurrency made an attempt to rally to the north by the formation of a bullish engulfing bar but the bears rejected the bullish movement by the formation of bearish inside bar that returned the BTC price below […] The post Analysis: BTC Price is Consolidating in Preparation for Higher Ground appeared first on ZyCrypto.

2018-10-25 18:16


Tron (TRX) Price Analysis: Bullish Wave Activated But the Bears will soon be taking Over

Supply zones: $0. 026, $0. 028, $0. 030 Demand zones: $0. 025, $0. 023, $0. 020 TRX/USD Medium-term Trend: Bullish The cryptocurrency continues its bullish movement in its medium-term outlook. On the October 12, TRX returned to the uptrend movement as the bears lost pressure and were not able to push TRX beyond the lower demand zone of $0.

2018-10-15 15:28


Bitcoin Price Analysis: The Bears Are Struggling to Take BTC Below $6k, But That Might Not Happen

Resistance levels: $6,759, $7,363, $8,075, Support levels: $6,118, $5,858, $4,800 BTC/USD Medium-term Trend: Bearish The cryptocurrency is bearish in its medium-term. Before the bearish trend, which took place between yesterday and today the price of Bitcoin had been range bound between the resistance levels of $6,759 and support level of $6,118 in the last 30 […] The post Bitcoin Price Analysis: The Bears Are Struggling to Take BTC Below $6k, But That Might Not Happen appeared first on ZyCrypto.

2018-10-11 19:07


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

TRON Network Surpasses 95 Million Addresses: A Sign Of Growth

The TRON network has achieved a remarkable milestone, surpassing 95 million addresses. This figure is particularly noteworthy when compared to other layer 1 networks like Cardano and Avalanche, which have fewer than 10 million addresses each.

Poloniex hit by $100 million theft, hacker boosts Tron’s TRX

Crypto entrepreneur Justin Sun has offered the Poloniex hacker a 5% bounty to return the stolen funds within the next seven days. The hack Earlier today, Sun said Poloniex was investigating a hacking incident without providing additional information.