TRON has turned bearish over the short-term, after slipping below its 200-period moving average on the four-hour time frame
The four-hour time frame also shows a large symmetrical triangle pattern
The TRX / USD pair’s medium-term outlook remains bullish, with the cryptocurrency still holding above its 200-day moving average
TRON / USD Short-term price analysis
In the short-term, TRON has turned bearish, with the cryptocurrency now trading below its 200-period moving average on the four-hour time frame. Price-action has also turned bearish, with the TRX / USD pair making bearish lower highs and lower lows.
A large symmetrical triangle pattern has formed across the four-hour time frame, with the TRX / USD pair trading dangerously close to key trendline support. Technical indicators are starting to turn higher on the four-hour time frame, as bulls attempt to stage a recovery from trendline support.
TRX / USD H4 Chart (Source: TradingView)
Pattern Watch
Traders should note that a short-term directional breakout is looming, with the triangle pattern becoming increasingly narrow on the four-hour time frame.
MACD Indicator
The MACD indicator is currently generating a bullish trading signal on the four-hour time frame, with the signal line and the MACD histogram turning higher.
Relative Strength Index
The Relative Strength Index is attempting to recover higher on the four-hour time frame, with the indicator moving above neutral.
TRON / USD Medium-term price analysis
TRON retains its bullish outlook over the medium-term, with the TRX / USD pair holding above its trend defining 200-day period moving average since early January 2019.
The daily time frame shows that bulls have so far failed to ignite a large inverted head and shoulders pattern, despite numerous technical attempts to break above neckline resistance. The mentioned time frame also shows that bullish MACD price divergence is present on the daily time frame from last year, with a move towards the June 5th trading high needed to reverse the bullish divergence.
Technical indicators on the daily time frame are drifting lower and highlight that the TRX / USD pair remains under slight downside pressure, following the recent rejection from the neckline of the inverted head and shoulders pattern.
TRX / USD Daily Chart (Source: TradingView)
Pattern Watch
The bullish inverted head and shoulders pattern remains the dominant theme across the daily time frame.
MACD Indicator
The MACD indicator is also bearish on the daily time frame with both the signal line and MACD histogram moving lower.
Relative Strength Indicator
The RSI indicator remains bearish and is showing that the cryptocurrency remains under downside pressure.
Conclusion
TRON is growing increasingly bearish over the short-term, with the cryptocurrency at risk of breaking under a triangle pattern on the four-hour time frame.
The presence of bullish MACD divergence on the daily time frame and the inverted head and shoulders pattern suggests that the TRX / USD pair has the potential to stage a strong rally, although bulls soon need to ignite the bullish pattern on the daily time frame, or the cryptocurrency could start to drift lower.
For an introduction of the TRON project head over to our coin guide here.
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TRON (TRX)
Price $0.022
Market Cap
$1,467,172,169.65
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The post Tron / USD Technical Analysis: Caught Adrift appeared first on Crypto Briefing.
After a significant weekly climb on the Bitcoin fear and greed index, Tron crossed above the 38.2% Fibonacci level while marking an overbought position on its technicals.
Furthermore, DecentralThe post Tron, Decentraland, Axie Infinity Price Analysis: 24 March appeared first on AMBCrypto.
As market leaders Bitcoin and Ethereum moved deeper into the bearish zone, other altcoins registered losses and scrambled to find support at various levels. Tron hovered just above the $0.058-support,The post Tron, Synthetix, STEEM, FTX Token Price Analysis: 23 March appeared first on AMBCrypto.
With a market capitalization of $4.62 billion, Tron has been listed on the 21st spot on the CoinMarketCap list. The digital asset has been returning 151% to the investors year to date. TRX was tradingThe post Tron Price Analysis: 22 March appeared first on AMBCrypto.
TRON has an increasingly bullish short-term outlook, with the cryptocurrency testing towards the current 2019 trading high The four-hour time frame continues to show a valid inverted head and shoulders pattern The daily time frame shows sizeable amounts of bullish MACD price divergence Fundamental Analysis TRON has gained momentum after the project announced a $20 […]
The post TRON Price Analysis TRX / USD: $20M Buyback Bull Move appeared first on Crypto Briefing.
After going through a protracted nose dive, most cryptos are up today with most analysis charts painted green. The Bullish trend has pushed prices of the various cryptos upwards with Tron, EOS, and ETH registering more than 10% turn over in the last 24 hours.
Tron price on an upward trajectory, bulls aim at 4 cents The Tron Accelerator Program criticized Transaction volumes low, TRX/USD trade range narrow With a market cap of $1. 617 billion, TRX is liquid, and the company behind it is expected to reflect its valuation.
The total crypto market cap found support near $112. 00B and recovered above $120. 00B. EOS price is up more than 8% and it may extend gains above the $2. 50 resistance. Bitcoin cash price is back above the $130 level and it could test the $135 and $138 resistances.
Distribution Territories: $0. 025, $0. 027, $0. 029 Accumulation Territories: $0. 023, $0. 021, $0. 018 TRX/USD Medium-term Trend: Bullish The bears were losing control over the TRX/USD market on the Medium-term outlook.
Tron Price retest 2. 5 cents Participants at the Tron Accelerator Program say there was no transparency TRX is today’s top performer, up 4. 2 percent in 24 hours BTC and other coins may be struggling, but TRX is up 4.
Long-Term Outlook A look at the Weekly chart for TRX shows that price is following a descending support line and currently trading at $0. 023. Price rallied until $0. 04 where it found resistance corresponding with the 21 period moving average and promptly reversed.
The total crypto market cap declined heavily and broke the $115. 00B support level. Bitcoin cash extended losses and traded below the $130 support level. Tron (TRX) started a downside move and traded below the $0.
TRX/USD Long-term Trend: Ranging Supply zone: $0. 04000, $0. 05000, $0. 06000 Demand zone: $0. 01000, $0. 00800, $0. 00600 Tron long-term outlook is a range-bound market. The bulls had a massive movement to the upside in the week as TRXUSD rose to $0.
The total crypto market cap tumbled and declined more than $20. 00B in the past 2 hours. Stellar (XLM) price is down more than 15% and tested the $0. 1000 support. Bitcoin cash price tumbled 20% and broke the $150 and $140 support levels.
Litecoin price declined heavily from well above $40. 00. The recent decline in bitcoin, Ethereum, EOS and tron impacted LTC’s market sentiment towards $30. 00. Key Talking Points Litecoin price declined more than 20% from well above the $40.
The honeymoon appears to be over for cryptocurrencies as the Mini Bull Run came to an abrupt end today. The markets have been painted red, with very few coins showing green on daily cryptocurrency analysis charts.
Tron price fall 5. 1 percent but is still bullish David Labhart joins the Tron Foundation as Head of Compliance Bear volumes high and above average–61 million versus 23 million In light of today’s candlestick arrangement and level of participation, TRX is likely to drop to 2.
Tron Price add to their gains, surge 44 percent from last Wednesday Questions linger on whether proof of work alternatives truly embody blockchain principles Transaction volumes on the rise, daily printouts exceed recent averages TRX is back to the top 10 and is a top performer adding 44 percent in the last week.
Tron price is up 39. 5 percent from last Tuesday Platform is attracting gamers thanks to Tron Arcade Transaction volumes are fair and trading within a bullish breakout pattern. No doubt, Tron (TRX) is one of the best performers in the last week.
Bitcoin [BTC] Price Analysis: A look at the Daily chart for Bitcoin shows that price is currently trading at the $4100 level. Price is trying to make a reverse head and shoulders pattern with a neckline at $4440, coinciding with the 0.
Tron Price is up 18. 5 percent in the last week. EtherGoo migrates to Tron weeks after Tron Arcade launch Main resistance level and buy trigger is at 2. 5 cents At spot prices, Tron (TRX) is up 18.
Believers still maintain that one day Bitcoin will be used for everyday transactions and will be a digital counterpart of gold. Let's consult the charts
Latest Tron News Stellar and Tron Twitter armies may be feuding, but the truth is that these two platforms have different objectives. Like we have mentioned before, Tron is working overtime, drafting engineering and opening virtual offices across the world as they strive to create a blockchain based free content entertainment system.
Latest Tron News Stellar and Tron Twitter armies may be feuding, but the truth is that these two platforms have different objectives. Like we have mentioned before, Tron is working overtime, drafting engineering and opening virtual offices across the world as they strive to create a blockchain based free content entertainment system.
Latest Tron News By destroying an additional 182 million TRX ERC-201 tokens, Justin Sun is confirming his distaste of ERC-20 tokens. Back in November 2018 when he announced on Twitter that the platform has burnt $800 million worth of ERC-20 tokens, he let the whole know of his sentiment although Ethereum was where Tron steadied.
Latest Tron News Some individuals like Roubini have no kind words for Bitcoin. There are others like Jed McCaleb who think most ICO projects lack the technical merit to come through from their flowery white papers.
Even in the wake of a crushing bear market, crypto traders are looking to invest in virtual currencies. Are there any tradeable setups at current levels? Let’s find out
Latest Tron News Justin and Vitalik often throw shade at each other. It is normal, and as long as the two platforms are competing for developers, jabs will continue. The center of contention between these two maverick founders seems to be throughput and cost of transaction.
The crypto recovery will be a slow and gradual process, while some still predict a further fall for Bitcoin below $3,000. What do the charts project? Let’s find out
Distribution Territories: $0. 023, $0. 025, $0. 027 Accumulation Territories: $0. 021, $0. 019, $0. 017 TRX/USD Medium-term Trend: Bullish The cryptocurrency remains bullish on the 4-Hour chart. The coin has been making higher highs on the medium-term outlook since December 17 when the coin broke out from the consolidation which lasted for more than six trading days.
Latest Tron News Months of bear pressure took a toll on several development arms as well as Consensys. Consensys–chaired by Joseph Lubin, plans to slash staff thanks to the deep losses in ETH.
Key Points The total crypto market cap is showing positive signs and it recently moved towards $135. 00B. Bitcoin cash surged higher by more than 50% and broke the $200 resistance. Tron (TRX) cleared the $0.
Latest Tron News Without a doubt, Tron is one of the largest blockchain based platform in the space with one mission: Decentralize the web. So far, they have been making good progress, and aside from acquiring BitTorrent and announcing Project Atlas, Tron has been making inroads in other sectors as well.
Mark Dow, a former IMF economist, recently tweeted that he covered his sort positions. How has recent news affected crypto markets? Let’s consult the charts
Distribution Territories: $0. 017, $0. 018, $0. 019 Accumulation Territories: $0. 015, $0. 013, $0. 012 TRX/USD Medium-term Trend: Bullish TRX/USD experienced breakout from the ranging zone on the medium-term outlook; TRX was range-bound for several days within the $0.
Key Points The total crypto market cap climbed higher and broke the $120. 00B resistance. Litecoin (LTC) price rallied recently and broke the $30 resistance level. Bitcoin cash price surged more than 25% and cleared the $110 resistance.
Latest Tron News Most intriguing about Tron as a project is their multi-faced, multilateral approach. While they strive to make the world a better place via blockchain, they are also caught up in a race for supremacy.
Latest Tron News The crypto market has been damaging and with some folding up in the face of dropping asset prices, some as Tron are trudging towards accomplishing their initial vision–mission statements.
A look at the weekly chart for TRX shows us that after the highs of January 2019 at $0. 35, TRX has lost 97% of its value, and is now trading at around $0. 01. While this is the lowest price has been after the fall, it is not clear if we have made a bottom.
The world’s financial research and analysis giant Weiss Ratings has responded to Justin Sun’s promise to help rebuild Ethereum and EOS’ “collapsed platforms” should their developers migrate their projects to the Tron network.
Key Points The total crypto market cap broke the key resistance level near $105. 00B. EOS price is up around 3%, but it is still trading below the $2. 00 resistance. Bitcoin cash price is currently consolidating just below the $100 resistance area.
Key Points The total crypto market cap extended declines and tested the $102. 00B level. Litecoin (LTC) price is struggling below the $30 resistance, with a bearish angle. Bitcoin cash price is currently consolidating near the $100 level.
IBIT options went live Tuesday in a first, a move that market participants widely expect to draw more institutional interest in bitcoin (BTC). Here’s how they could impact the market.
A savvy trader has capitalized on the recent volatility of $SPX, locking in substantial gains despite a significant price decline of around 29% over the past two days. This trader sold 1. 9 million $SPX tokens for $1.
Options trading for BlackRock’s exchange-traded fund (ETF), iShares Bitcoin Trust ETF (IBIT), started on Nov. 19 at Nasdaq and has already moved over $446 million in its first trading hours.
