Tron [TRX/USD] Price Analysis: Bearish future predicted as coin price holds steady

Bitcoin’s [BTC] breach of the elusive $4,000 mark was expected to give a boost to the rest of the cryptocurrency market. However, it only resulted in a few, sporadic bullish rises within the spectrum. Coins like XRP and Tron [TRX] suffered under the weight of the bear, as the prolonged downturn refused to reverse itself.
1-hour
Source: TradingView
The one-hour chart for Tron [TRX] displayed a slight uptrend, causing the price to increase from $0.0223 to $0.0229. The support held strong at $0.0223, while the resistance was at $0.0239.
The Parabolic SAR was above the price candles, suggesting that Tron was going through a bearish phase.
The Bollinger Bands were moving parallelly, due to the price candles fluctuating consistently between fixed points. This suggested a lack of volatility in the coin market.
The Chaikin Money Flow indicator crashed towards the bottom of the graph, a sign of the capital leaving the market being more than the capital coming into the market.
1-day
Source: TradingView
Tron’s one-day chart painted a similar picture to that of the one-hour chart, with an uptrend lifting the price from $0.013 to $0.023. The long-term support was set at $0.0116.
The Relative Strength Index flattened in the middle of the graph, signifying the equilibrium between the buying and selling pressure.
The Awesome Oscillator was in a lull due to the reduced market momentum in the Tron ecosystem.
The MACD indicator showed the signal line and the MACD line moving in a conjoined manner, while the histogram was largely painted red.
Conclusion
All the above-mentioned indicators suggested that despite Tron’s uptrends, chances of the price shooting up were low, owing to the lack of market momentum.
The post Tron [TRX/USD] Price Analysis: Bearish future predicted as coin price holds steady appeared first on AMBCrypto.
Source: AMB Crypto

Tron [TRX/USD] Price Analysis: Coin shows lack of bullish signals despite BTC staying above $4000

The cryptocurrency market and its sporadic behavior did not stop this week, as prices fluctuated between the territories of the bear and the bull. Bitcoin [BTC], the largest cryptocurrency in the market, which at the time of writing was above the $4000 mark, did not stop other cryptocurrencies like Ethereum [ETH], XRP and Tron [TRX] from settling into a sideways price movement.
1 hour
Source: TradingView
The one-hour chart for Tron showed an uptrend that was a result of a consistent sideways movement, coupled with sporadic bullish rises. The price hike lifted Tron from $0.0223 to $0.0233, while the support was at $0.0221 and the resistance held at $0.0239.
The Awesome Oscillator displayed reduced amplitude due to the lack of market momentum in the Tron market.
The Relative Strength Index was closer to the oversold zone, than the overbought zone, an indication of the selling pressure being more than the buying pressure.
The MACD indicator was close to the axis after the MACD line and the signal line moved as a conjoined pair. The MACD histogram also pointed to a lull in the market, with a mix of bullish and bearish signals.
1 day
Source: TradingView
Tron’s one-day graph was similar to that of the one-hour chart, as the uptrend took the price from $0.0133 to 40.0225, while the long term support held at $0.0117.
The Parabolic SAR was below the price candles at press time, which meant that the market was bullish. Prior to this particular time period, the markers were predominantly above the candles.
The Bollinger bands had converged, indicating reduced market volatility. The lack of price breakouts was also evidenced by the smaller size of the Bollinger clouds.
The Chaikin Money Flow indicator spiked above the zero line, which meant that the capital coming into the market was more than the capital leaving the market.
Conclusion
The above-mentioned indicators suggested that Tron’s bullish rise was not permanent, as the price consolidation took place within a fixed range.
The post Tron [TRX/USD] Price Analysis: Coin shows lack of bullish signals despite BTC staying above $4000 appeared first on AMBCrypto.
Source: AMB Crypto

Tron [TRX] Price Analysis: Bulls prove their mettle as bears fail to breach vanguard

The market saw the bulls take charge as the bears bid a temporary goodbye to the cryptocurrency market. Tron [TRX], the tenth largest coin in the cryptocurrency market in terms of market cap, successfully managed to progress with the help of the bulls.
At press time, TRX was valued at $0.0235 with a market cap of $1.57 billion. The token noted a 24-hour trading volume of $174 million, and observed a growth of 4.01% over the day. Over the past week, the coin surged by 4.33%, and at press time, was noting a growth of 0.16%.
1-hour
Source: TradingView
The one-hour chart for the token noted a downtrend from $0.0228 to $0.0221, followed by a gradual uptrend from $0.0233 to $0.0239. The token marked resistance at $0.0239, and support at $0.0223.
Bollinger Bands pointed towards a bullish market as the moving average line was under the candlesticks. However, the bands were wide apart from each other, indicating a highly volatile market.
Awesome Oscillator indicated strong bullish momentum.
Chaikin Money Flow shot above the zero-mark and supported a bullish market.
1-day
Source: TradingView
The one-day chart for TRX marked a downtrend from $0.0182 to $0.0119, followed by an uptrend from $0.0132 to $0.0226. The token drew resistance at $0.0294, and support at $0.0215.
Parabolic SAR marked a bullish trend for the coin as the markers were aligned under the candlesticks.
MACD line was over the signal line and supported a bullish reign.
Relative Strength Index indicated that the buying and selling pressures had evened each other out.
Conclusion
According to the indicators on the one-day and one-hour chat, a bullish market was projected. However, looking at previous trends, the bears’s re-entry into the market was not unlikely.
The post Tron [TRX] Price Analysis: Bulls prove their mettle as bears fail to breach vanguard appeared first on AMBCrypto.
Source: AMB Crypto

Tron [TRX/USD] Price Analysis: TRX faces bullish onslaught in shorter timeframe

Developments in the Tron community are progressing well, when compared to its counterparts. The price of Tron at press time was $0.0226, while the market cap was at $1.49 billion.
The 24-hour trading volume for Tron was $107 million and most of the trading volume for TRX came from BitForex exchange, which provides a total of $12 million in trading volume via trading pair TRX/USDT.
IDCM exchange follows BitForex by contributing a total of $9.4 million via the trading pair TRX/BTC.
1 Hour
Source: TradingView
The one-hour chart showed a downtrend that extended from $0.02777 to $0.0229, with no uptrend in sight. The support was seen at $0.0215, while resistance lines were set up at $0.0242, $0.0254, and $0.0283.
The Parabolic SAR markers spawned below the price candles, indicating bullish pressure for TRX in the short-term time frame.
The MACD indicator showed a bullish crossover that was extending over the zero-line.
The Relative Strength Index showed the RSI line touching the overbought zone and retracting from there.
1 Day
Source: TradingView
The one-hour chart for Tron showed a small uptrend that extended from $0.0129 to $0.0220, while the downtrend extended from $0.0498 to $0.0268. The price struck immediate resistance at $0.02689, and was headed towards the support at $0.0119.
The MACD indicator showed a continuation of the bearish crossover beyond the zero-line. The MACD histogram indicated the same with red bars forming below the zero-line.
The Chaikin Money Flow showed the CMF line just below the zero-line, indicating that the money flowing out of the market dominated the influx of money for TRX.
Conclusion
The one-hour timeframe showed a bullish presence for TRX, as indicated by the SAR, MACD and the Relative Strength Index. The one-day chart for TRX prices showed bearish pressure, confirmed by the MACD and the CMF indicators.
The post Tron [TRX/USD] Price Analysis: TRX faces bullish onslaught in shorter timeframe appeared first on AMBCrypto.
Source: AMB Crypto

Tron [TRX] Price Analysis: Bears prepare to attack as coin registers minimal growth

Major coins on the CoinMarketCap were on a roller coaster ride as the bear and bull kept up the tussle for control of the coin market. Tron [TRX], which was once the only coin to sail smoothly during the bear’s attack, also succumbed to the market trend.
At press time, the tenth largest coin was valued at $0.0226, with a market cap of $1.5 billion. The coin registered a 24-hour trading volume of $159 million while noting a rise in prices by 1.72% over the past day. The coin noted a minimal rise of 3.41% over the past week.
1-hour
Source: TradingView
The one-hour chart for the token noted a downtrend from $0.0230 to $0.0215, following a gradual rise in its price from $0.0215 to $0.0225. The coin noted resistance at $0.0233 and since it showcased an upward trend, immediate support was not found. However, strong support was marked at $0.0215.
Bollinger Bands appeared to be diverging, indicating increased market volatility. The moving average line was over the candlesticks, marking a bearish market.
Awesome Oscillator marked a strong bearish trend.
Chaikin Money Flow also marked a bearish trend for the token as the marker was just under the zero line.
1-day
Source: TradingView
TRX’s one-day chart showcased a similar fall of prices, followed by a gradual price shift. The token marked a downtrend from $0.0182 to $0.0119, after which the price of the coin soared from $0.0129 to $0.0227. The token drew resistance at $0.0294 and support at $0.0215.
Parabolic SAR indicated a bearish trend for TRX as the markers were aligned above the candlesticks.
MACD line was under the signal line, marking a bearish reign in the market.
Relative Strength Index indicated that the buying and the selling pressures evened each other out.
Conclusion 
All the indicators of the one-hour and one-day charts, including the Bollinger Bands, Awesome Oscillator, Chaikin Money Flow, Parabolic SAR, and MACD, marked a bearish run for Tron [TRX].
The post Tron [TRX] Price Analysis: Bears prepare to attack as coin registers minimal growth appeared first on AMBCrypto.
Source: AMB Crypto

Tron [TRX/USD] Price Analysis: Bears still in control of altcoin’s future

Tron, after witnessing a brutal bear attack, dropped to the tenth spot in terms of market cap recently. The price of TRX, at press time, was $0.0228, while the market cap was hovering at $1.52 billion.
The 24-hour change in price was painted green as the token’s value rose by 6.51%. The trading volume was at $222 million in the 24-hour time frame.
1-hour
Source: TradingView
The one-hour chart of Tron showed the prices rising steadily after a steep fall. The downtrend extended from $0.0277 to $0.0231, with no significant uptrend in sight. The prices found support at $0.02154 and bounced back. The resistance was marked at $0.0242. Subsequent resistance points were seen at $0.02544 and $0.0283.
The Parabolic SAR markers indicated a bearish market for the token.
The MACD indicator showed the signal and the MACD lines in a bullish crossover. However, they are headed towards a possible bearish crossover.
The Relative Strength Index hit the overbought zone and was headed downwards. The RSI line was at the 60-line at press time.
1-day
Source: TradingView
The one-day TRX chart showed an uptrend that extended from $0.0129 to $0.0224, while the downtrend was noted from $0.0498 to $0.0282. The prices were above the support at $0.0119, but later bounced off the resistance line at $0.0267. A resistance point was also present at $0.0498.
The MACD indicator, in the longer time frame, showed a bearish crossover that extended below the zero-line, indicating a massive bearish pressure for TRX.
The Chaikin Money Flow collapsed below the zero-line, indicating the exhaustion of buyers and an increase in the strength of sellers.
Conclusion
The one-hour chart indicated a looming bearish pressure for TRX, which was confirmed by the indicators MACD, SAR, and RSI. The MACD and the Chaikin Money flow indicated a stronger bearish pressure building up for Tron in the one-day time frame.
The post Tron [TRX/USD] Price Analysis: Bears still in control of altcoin’s future appeared first on AMBCrypto.
Source: AMB Crypto

Tron [TRX/USD] Price Analysis: Justin Sun’s cryptocurrency falls to a three-month low

The bear’s presence in the cryptocurrency market was made evident again as a solid price crash shook the entire coin market, including Tron [TRX]. Popular cryptocurrencies like Bitcoin [BTC], Ethereum [ETH] and XRP all saw their prices falling after a fairly quiet week prior.
1-hour
Source: TradingView
The one-hour graph for Tron showed a significant downtrend which pushed the price from $0.0277 to $0.0235. The support was lowered to $0.0218 while the resistance stood at $0.02779.
The Bollinger bands had begun diverging as the price candles fell out of the Bollinger cloud. The size of the Bollinger cloud was slightly bigger than the previous one, suggesting a possible bearish breakout.
The Relative Strength Index crashed below the oversold zone, indicating that the selling pressure was much more than the buying pressure.
The MACD indicator displayed both the signal line and the MACD line crashing towards the bottom of the graph after a bearish crossover. The MACD histogram was a mix of bearish and bullish signals.
1-day
Source: TradingView
Tron’s one-day graph painted a better picture for the cryptocurrency as the uptrend lifted the price from $0.01295 to $0.0222. The long-term support was at $0.0116 and has remained so for a couple of months.
The dotted markers of the Parabolic SAR were above the price candles, projecting a bearish future for the coin.
The Chaikin Money Flow indicator was way below the zero-line, meaning that capital leaving the market was much higher than the capital coming into the market.
The Awesome Oscillator showed that when compared to February, there was a gradual decrease in market momentum.
Conclusion
All the above-mentioned indicators point to the bear holing fort over the coin market as Tron prices fell to a three-month low.
The post Tron [TRX/USD] Price Analysis: Justin Sun’s cryptocurrency falls to a three-month low appeared first on AMBCrypto.
Source: AMB Crypto

Tron [TRX/USD] Price Analysis: Bear attack continues as immediate support falls

The bear market caused a lot of cryptocurrencies to lose capital and investors, which was reflected in the price crashes and reduction in market volume. Tron was also subject to scrutiny by critics who believed that the Foundation was a scam.
1 hour
Source: TradingView
Tron’s one-hour chart showed a distinctive picture of sideways price movement. The downtrend caused the price to fall from $0.0277 to $0.0242 while the immediate support was lowered to $0.0232. The resistance for Tron was at $0.0277.
The Bollinger bands were diverging after a constricted pipe-like shape was formed due to the sideways movement. At the time of writing, the divergence was due to a drop in prices.
The Relative Strength Index  crashed below the oversold zone, indicating that the selling pressure was significantly higher than the buying pressure.
The MACD indicator underwent a bearish downturn as shown by the signal line and MACD line. The MACD histogram was a mix of bearish and bullish signals.
1 day
Source: TradingView
The one-day chart for Tron showed a different picture when compared to the one-hour chart. In this case, it was an uptrend that lifted the price from $0.0129 to $0.0228.
The Parabolic SAR had the dotted markers placed well above the candlesticks, a clear indicator of bearish behaviour.
The Awesome Oscillator fell in amplitude after a relatively higher January. The lull in the graph is an indication of the lowered market momentum.
The Chaikin Money Flow indicator was well below the zero line, a sign of the capital leaving the market being significantly higher than the capital coming into the market.
Conclusion
The above-mentioned indicators showed that Tron’s tussle with the bear had not ended, especially with the recent bear attack lowering the immediate support for the coin.
The post Tron [TRX/USD] Price Analysis: Bear attack continues as immediate support falls appeared first on AMBCrypto.
Source: AMB Crypto

Tron [TRX/USD] Technical Analysis: The price consolidates as it furthers sideways movement

Tron has been moving sideways after a massive drop in the prices, which indicates a consolidation run for coin. Tron currently sits as the ninth largest cryptocurrency in the world, with a 24-hour price drop of 1.41%.
The price and the market cap of TRX, at press time, was $0.024 and $1.6 billion respectively. Trading volume of $148 million was seen during the 24-hour time frame. Off the $148 million in trading volume, $16 million is contributed by exchange, BitForex via the trading pair TRX/USDT.
1 Hour
Source: TradingView
The downtrend for Tron extends from $0.0277 to $0.0246; uptrend formation is not present yet due to the sideways movement of the prices. The prices are between the support at $0.0242 and resistance at $0.02544.
The Parabolic SAR markers have spawned below the price candles, which indicate a bullish trend for the coin.
The MACD indicator shows a bearish crossover progressing below the zero-line. The histogram represents the same as the red bars have developed below the zero-line.
The Relative Strength Index shows a neutral trend as the RSI line is in between the 60-line and the 40-line.
1 Day
Source: TradingView
The one day chart showed a downtrend that has extended from $0.04982 to $0.02695, while the uptrend extended from $0.01292 to $0.02353. The price was bouncing between the support at $0.01190 and resistance at $0.02670, just like the one-hour chart. Another resistance point for TRX can be found at $0.03961.
The MACD indicator indicates a progression of the bearish crossover. The histogram represents the same, with the development of red bars below the zero-line.
The Chaikin Money Flow shows a collapsed CMF line, which indicates that the sellers are dominating the TRX market.
Conclusion
The one-hour chart shows a neutral trend for Tron prices as indicated by the RSI, SAR, and MACD indicators. The one-day chart indicates a bearish trend for Tron as the MACD and the Chaikin Money Flow indicates a bearish trend for the coin.
The post Tron [TRX/USD] Technical Analysis: The price consolidates as it furthers sideways movement appeared first on AMBCrypto.
Source: AMB Crypto

Tron [TRX] Price Analysis: Token primed for a possible bullish breakout in the near future

Justin Sun’s Tron is currently the ninth-largest cryptocurrency in the world, just below Stellar Lumens [XLM]. The price of TRX at press time was $0.0242 with a market cap of $1.6 billion.
TRX registered $147 million in terms of trading volume and most of it came from OKEx exchange, which contributed $13 million via the trading pair TRX/USDT. BitForex contributed $11 million via the same trade pair.
1-hour

Ascending Triangle Pattern
Source: TradingView
TRX, on the hourly chart, showed the formation of an ascending triangle pattern, which is a bullish pattern. The pattern formed obeyed all the characteristics of an ascending triangle pattern i.e., decreasing volume, horizontal and ascending trend line with a minimum of two reaction points.
The prices are currently consolidating after a sharp decline on February 24, 2019. The consolidation of the prices will end in a breakout, possibly to the upside.
According to the basic definition of an ascending triangle, the length of the breakout is usually up till the widest point of the triangle. The resistance point for Tron in the hourly time frame is the horizontal trend line i.e, $0.0248 and the support is at $0.0242.
The Parabolic SAR indicator and the MACD indicator point to a bullish reversal sign for TRX in the above-mentioned time frame.
The Volume indicator shows a continuously decreasing trend, which denotes that consolidation is underway.
1-day
Source: TradingView
The one day chart showed a downtrend that extended from $0.04982 to $0.02695, while the uptrend extended from $0.01292 to $0.02353. The price was bouncing between the support at $0.01190 and resistance at $0.02670. The subsequent resistance can be found at $0.03961.
The MACD indicator indicates a progression of the bearish crossover. The histogram represents the same with the development of red bars below the zero-line.
The Chaikin Money Flow shows a collapsed CMF line which indicates that the sellers are dominating the TRX market.
Conclusion
Although the ascending triangle pattern formed in the one-hour time frame indicates a bullish breakout, possibly to $0.0258, it is recommended to take the same with a grain of salt. The SAR, MACD, and the Volume indicators show a bullish scenario currently underway. The one-day chart shows a rather bearish outlook for TRX as confirmed by the CMF and the MACD indicators.
The post Tron [TRX] Price Analysis: Token primed for a possible bullish breakout in the near future appeared first on AMBCrypto.
Source: AMB Crypto

Tron Price Analysis: Bears overtake Tron market despite its efforts

Tron has been performing phenomenally in comparison with other cryptocurrencies and a part its performance can be attributed to BitTorrent’s highly anticipated launch and adoption.
Currently, Tron holds the eighth rank in terms of market cap and is just below the stable coin Tether [USDT]. The 24-hour trade volume of Tron is at $127 million and 13.34% of the trading volume comes from HitBTC exchange through the trade pair TRX/USDT.
1-hour
Source: TradingView
There is no uptrend being formed yet as the trend is heading down, so the downtrend for Tron extends from $0.0287 to $0.0245, with prices breaching the support at $0.02544. The resistance point is at $0.0283 since the first week of February but the prices have since moved away from it.
The Parabolic SAR markers are seen forming above the price candles, indicating a bearish trend for the prices on Tron.
The MACD indicator also indicates a bearish trend as there is the formation of bearish crossover, which is below the zero-line and is headed straight downwards.
The Awesome Oscillator shows a decreasing momentum for prices as the bars formed are in red and are below the zero-line.
1-day
Source: TradingView
The uptrend for Tron in the one-day extends from $0.0129 to $0.02539 while the downtrend ranges from $0.0498 to $0.00284. The support at $0.0119 has been holding the Tron prices pretty solid since late November 2018. The resistance line at $0.0267 was breached briefly for a few weeks, but the prices have dipped below it again. The subsequent resistance point at $0.0396 is holding alright.
The MACD line, in the larger time-frame, is also undergoing a bearish crossover towards the downside. The histogram accurately represents the same with red bars that have developed over the zero-line.
The Stochastic indicator has dipped below the oversold range, indicating a bearish downtrend here as well.
The Chaikin Money Flow indicates that money ]flowing into Tron is very less, indicating that the sellers are dominating the market.
Conclusion
The one-hour chart for Tron shows a bearish downtrend as indicated by SAR, MACD, and Awesome Oscillator. The one-day chart shows a bearish overall trend as indicated by MACD, Stochastic and CMF indicators.
The post Tron Price Analysis: Bears overtake Tron market despite its efforts appeared first on AMBCrypto.
Source: AMB Crypto

Tron [TRX/USD] Technical Analysis: Bears snatch the short-term rally from bulls

Tron, like all the other cryptocurrencies, has settled down after a short-term rally and is now the eighth-largest cryptocurrency in the world. The price of Tron, at press time, was $0.0256, with a market cap of $1.7 billion.
The 24-hour trade volume for TRX was $195 million and most of the trade volume came from OEX exchange as it contributed a total of $49 million via trade pair TRX/ETH and held 24.73% of the total trade volume.
1-hour

The downtrend for the one-hour chart is seen ranging from $0.0310 to $0.0262, with no uptrend in sight. The support at $0.0254 has been tested multiple times and is still holding strong. The prices for TRX are bouncing from the aforementioned support and the resistance point at $0.0283.
The Parabolic SAR markers are seen spawning above the price candles, indicating a bearish pressure for TRX.
The MACD indicator shows MACD and the signal lines creeping closer to each other, signaling a cross over to the bottom – bearish crossover.
The Awesome Oscillator shows the same sign as the above indicators, which is bearish since the lines are formed below the zero-line, indicating a reduction in the momentum of the prices.
1-day

The one-day chart for TRX shows an uptrend that ranges from $0.0129 to $0.0253, while a downtrend that extends from $0.0498 to $0.0294. The support at $0.0119 is holding the prices above it. The resistance at $0.0267 was breached recently by the bulls, however, the bulls couldn’t hold it there and prices have now fallen below it again.
The MACD indicator shows a bearish crossover that is about to fall below the zero-line indicating a strong bullish pressure for TRX in the longer time frames as well.
The Stochastic indicator shows the same as the MACD i.e, a bearish cross over.
The Chaikin Money Flow indicates that money is flowing out of the market since the CMF line is collapsing below the zero-line.
Conclusion
The one-hour chart for TRX shows trend reversals as spotted by indicators SAR, MACD, and AO. The one-day chart shows the same as the one-hour – bearish pressure. The indicators in MACD, Stochastic and CMF, all indicate a bearish pressure for TRX.
The post Tron [TRX/USD] Technical Analysis: Bears snatch the short-term rally from bulls appeared first on AMBCrypto.
Source: AMB Crypto

Tron [TRX/USD] Technical Analysis: Bulls help the price to breach through the immediate resistance

Tron [TRX] is pushing Ethereum out of the stage as it is better at scaling and is performing splendidly in terms of Dapps. The ninth-largest cryptocurrency in the world [by market] seems to be doing better than other cryptocurrencies.
The market cap of TRX is shy of $200 million to reach the $2 billion mark and the price at the time of writing was at $0.0270. The 24-hour trading volume of TRX was at $221 million.
1-hour
Source: TradingView
TRX prices show no sign of stopping now since they’ve broken the support at $0.0267, whereas the support line at $0.0212 has held the prices steady so far. The uptrend for TRX extends from $0.0215 to $0.0237, while the downtrend ranges from $0.0328 to $0.0273.
The MACD indicator shows a bullish crossover over the zero-line and is heading towards the upside. The histogram is slowly representing the same.
The Awesome Oscillator shows a failed attempt at a bearish crossover as the green bars are extending in height, indicating an increase in momentum and hence, an increase in the price.
The Parabolic SAR markers are seen forming below the price candles, supporting and pushing the prices to go higher.
1-day
Source: TradingView
The MACD indicator shows a possibility of a similar scenario as seen in the one-hour chart, a bullish crossover as the MACD and the signal lines are eerily close to each other.
The Stochastic indicator shows a perfect bullish divergence as the prices are rising continuously but the Stochastic shows a decreasing trend. The trend for Stochastic was changing at the time of writing as it was undergoing a bullish crossover as well.
The Chaikin Money Flow shows a negative indication as the money moving into the TRX markets is low and not coinciding with the bullish trend.
Conclusion
The one-hour chart is lit with bullish signals as indicated by the SAR, MACD, and AO indicators. The one-day is also showing promising signs for Tron in the future as indicated by the MACD, CMF, and Stochastic indicators.
The post Tron [TRX/USD] Technical Analysis: Bulls help the price to breach through the immediate resistance appeared first on AMBCrypto.
Source: AMB Crypto

Tron [TRX/USD] Technical Analysis: Bears pressure the bulls out of the scene

Tron has been known to defy the market trend on multiple occasions and it was doing the same at the time of writing. The prices of Tron are up by 4.15% with a market cap of $1.74 billion while the 24-trade volume is at $248 million.
Most of the trade volume for TRX comes from the exchange Upbit, a Korean exchange via the trading pair TRX/KRW.
1-hour
Source: TradingView
The one-hour chart for Tron shows an uptrend that extends from $0.0215 to $0.0237, while the downtrend extends from $0.0328 to $0.0264. TRX prices have moved away from the support at $0.0212 and towards its imminent resistance point at $0.02678. The subsequent resistance point can be seen at $0.0328.
The Parabolic SAR indicator indicates a bearish move as the markers have spawned above the price candles.
The MACD indicator has finished a quick bearish crossover and seems like it might undergo another crossover, but a bullish one, unlike the recent crossover.
The Awesome Oscillator shows a decreasing momentum as the bars are reducing in size and the bars are transitioning from red to green bars.
1-day
Source: TradingView
The one-day chart shows a small uptrend that extends from $0.0132 to $0.0215 while the uptrend extends from $0.0287 to $0.0725. The support at $0.0120 is holding good even in the longer one-day time frame. The resistance line at $0.0268 was breached briefly as the price moved above it and has now come back down again.
The Aroon indicator shows a crashing uptrend that has reached the zero-line, while the downtrend line has failed trying to come back up.
The Chaikin Money Flow shows a crashed CMF line to an oversold zone. The money for TRX is flowing out of the market.
The Relative Strength Index shows a slightly higher buying momentum as the RSI line has crossed above the 50-line.
Conclusion
The SAR, MACD, and AO indicators all indicate a bearish aura hanging over Tron in the one-hour chart. The one-day chart for TRX shows a sideways trend as indicated by Aroon, CMF, and RSI markets.
The post Tron [TRX/USD] Technical Analysis: Bears pressure the bulls out of the scene appeared first on AMBCrypto.
Source: AMB Crypto

Tron [TRX/USD] Technical Analysis: Booming asset takes a break fighting the bears

Tron, the ninth-largest cryptocurrency has been performing better than every other cryptocurrency even in the brutal bear market. The price of TRX, at the time of writing, was at $0.0252 with a market cap of $1.68 billion.
The 24-hour trade volume for Tron is $313 million and most of it is contributed by Korean exchange, Upbit via trade pair TRX/KRW. Upbit contributes a total of 13.17%. Following it is Binance which contributes a total of ~24% via trade pairs TRX/USDT and TRX/BTC.
1-hour
Source: TradingView
The one-hour chart shows an uptrend that extends from $0.0215 to $0.0254 while the downtrend extends from $0.0328 to $0.02566. TRX bounced off the support at $0.0212 that was created by the dip in prices on January 13, 2019. The resistance points for TRX in the shorter time frame can be seen at $0.0267 and $0.0328.
The Parabolic SAR markers have spawned above the price candles, indicating a bearish pressure for the prices.
The MACD indicator is also indicating the same trend, i.e, a bearish crossover to the bottom. The histogram has shifted to red bars below the zero-line.
The Awesome Oscillator shows decreasing red bars that are getting closer to the zero-line indicating that the prices are decreasing steadily.
1-day
Source: TradingView
The uptrend in the one-day time frame shows that it extends from $0.0132 to $0.0215 while the downtrend ranges from $0.0725 to $0.0287. The prices are supported at $$0.0120 but the resistance points are seen hanging at $0.0268 and $0.0496. The former resistance point was breached January 8, 2019.
The Aroon indicator shows a prevailing uptrend as indicated by the Aroon green line. The Aroon red line has hit the zero-line indicating that the downtrend has exhausted.
The Chaikin Money Flow shows that money is flowing out of the market and that the sellers are dominating the market for Tron.
The Relative Strength Index shows the same as CMF as the RSI seems to be stuck in the middle indicating that the buying momentum and the selling momentum for Tron markets are balanced.
Conclusion
The one-hour chart for TRX is nothing but bearish indicated by SAR, MACD, and AO indicators. The one-day time frame shows a bearish trend as well, with Aroon, RSI and CMF indicators.
The post Tron [TRX/USD] Technical Analysis: Booming asset takes a break fighting the bears appeared first on AMBCrypto.
Source: AMB Crypto