Bitcoin [BTC/USD] Price Analysis: Prices side with bulls in short-term, long-term still in turmoil

Bitcoin [BTC] briefly broke the $4,000 sentiment level yesterday. However, it dipped back and was trading at $3,966 at press time. The market cap of Bitcoin was hovering around $70 billion, with a 24-hour trading volume of $9.19 billion.
Most of the trading volume of Bitcoin usually comes from BitMEX exchange via the trade of Bitcoin perpetual contracts against the US Dollar. However, the trading volume of BTC contributed by BitMEX has reduced in recent weeks as it contributed only $469 million, which is 4% of the total Bitcoin trade volume.
FCoin exchange is the top contributor as it contributed $644 million in terms of trading volume via the trading pair ETH/BTC, which is 5.50% of the total trading volume.
1-hour
Source: TradingView
Bitcoin, on the one-hour chart, showed an uptrend that extended from $3,689 to $3,957, while the downtrend extended from $4,163 to $4,039. The prices were testing the immediate support at $3,953. Subsequent supports were seen at $3,848 and $3,696.
The Parabolic SAR markers spawned below the price candles and indicated that the price trend reversed and was headed upwards, whixh was a bullish signal.
The MACD indicator showed a bullish crossover below the zero-line. The MACD histogram on the one-hour chart showed green bars developing in tandem with the crossover.
The Relative Strength Index hit the 60-line and started its descent and was at the 50-line at press time, indicating an equal momentum between the sellers and the buyers.
1-day
Source: TradingView
The one-day chart of Bitcoin showed no signs of an uptrend, however, the downtrend extended from $9,800 to $4,056. The price of BTC bounced off the support at $3,189 on December 15, 2018. The immediate resistance was at $4,056, and subsequent resistance points were at $7,641, and $9,800.
The Aroon indicator showed the Aroon up line and Aroon down line collapsing. This indicated a consolidation movement that BTC was undergoing at press time.
The Stochastic RSI hit the oversold zone and showed a collapsing trend, which passed below the 50-line. This presented a bearish movement for Bitcoin in the longer timeframe.
The Chaikin Money Flow showed a rising trend, which meant that the money flowing into the Bitcoin market was high.
Conclusion
The one-hour chart showed a bullish trend for Bitcoin, which was confirmed by the Parabolic SAR, MACD, and RSI indicators. Unlike the one-hour chart, the one-day chart showed a consolidation phase for Bitcoin as indicated by Aroon, Stochastic RS, and CMF indicators.
The post Bitcoin [BTC/USD] Price Analysis: Prices side with bulls in short-term, long-term still in turmoil appeared first on AMBCrypto.
Source: AMB Crypto

Ethereum [ETH/USD] Price Analysis: Cryptocurrency finds greener pastures

Ethereum [ETH], the second largest cryptocurrency by market cap, was indecisive about whether it wanted to ride with the bulls, or whether it wanted to go down the path of the beat market.
According to CoinMarketCap, Ethereum was trading at $137.28 with a market cap of $14.46 billion, at press time. The trading volume of the cryptocurrency was recorded to be $4.12 billion, while its price witnessed a fall of around 2% over the past seven days.
1-hour
Ethereum one-hour price chart | Source: Trading View
The one-hour chart for the cryptocurrency recorded three significant downtrends, from $142.52 to $138.83, from $138.76 to $137.49, and from $137.43 to $135.61. The uptrend for the coin was drawn from $132.77 to $134.68.
The immediate resistance for the cryptocurrency was at $137.51 and the strong resistance was at $140.21. The coin’s immediate support was placed at $134.67 and strong support was at $132.75.
Parabolic SAR pictured a bull market for the coin as the dotted lines were perfectly aligned below the candlesticks.
Klinger Oscillator sided with the Parabolic SAR as the reading line moved above the signal line after a crossover.
RSI showed that the buying pressure for the cryptocurrency was the same as the selling pressure.
1-day
Ethereum one-day price chart | Source: Trading View
On the one-day chart, the coin had two prominent downtrends, from $218.66 to $157.55 and further from $157.55 to $138.72. The uptrends for the cryptocurrency were from $82.92 to $103.22 and from $103.22 to $134.47.
The immediate resistance for the cryptocurrency was at $140.53 and strong resistance was at $157.75. The immediate support for the coin was at $125.17, while strong support was found at $82.78.
MACD was seen drawing the coin towards the bear’s side as the moving average line shifted below the signal line after a crossover.
Chaikin Money Flow showed that money was flowing into the market, a bullish sign for the coin market.
Bollinger Bands forecast a non-volatile market as the bands were closing in on each other.
Conclusion
At press time, major indicators such as the CMF from the one-day chart and Parabolic SAR and Klinger Oscillator from the one-hour chart, projected a bull market for the coin.
The post Ethereum [ETH/USD] Price Analysis: Cryptocurrency finds greener pastures appeared first on AMBCrypto.
Source: AMB Crypto

XRP Price Analysis: XRP/USD is Getting Ready for the Breakout

Coinspeaker
XRP Price Analysis: XRP/USD is Getting Ready for the Breakout
XRP price will rally to the north and make the supply level of $0.33 if the bullish candle breaks the $0.32 level close above it. Should the Bears prevail over the Bulls; the XRP price will decline towards $0.30 level and face the $0.28 demand level.
XRP Price Analysis: XRP/USD is Getting Ready for the Breakout

Continue reading at Coinspeaker
Source: CoinSpeaker

Ethereum [ETH/USD] Price Analysis: Coin cheers for bear as bulls accept defeat

Days after a price rush, a portion of the cryptocurrency market seems to have calmed down. This includes Ethereum [ETH], the second largest cryptocurrency by market cap.
According to CoinMarketCap, at press time, the coin was trading at $139.35 with a market cap of $14.67 billion. The trading volume of the cryptocurrency was $4.37 billion and the coin recorded a significant rise of over 4% over the past week.
1-hour
Ethereum one-hour price chart | Source: Trading View
The downtrends for the cryptocurrency on the one-hour chart were outlined from $142.52 to $140.19, and from $140.19 to $138.15. The uptrends for the cryptocurrency was recorded from $131.23 to $136.54.
The coin’s immediate resistances were at $138.15 and $140.20. A strong resistance found its stronghold at $142.54. The immediate support for the cryptocurrency was at $136.10 and the strong support was at $135.08.
MACD showed the moving average line below the signal line after a crossover and indicated a blood-red market for the cryptocurrency.
Bollinger Band predicted a less volatile market as the bands were closing on each other, giving little space for price movement.
Chaikin Money Flow indicated a win for the bear as the line was below the zero-line, indicating that money was flowing out of the market.
1-day
Ethereum one-day price chart | Source: Trading View
On the one-day chart, the downtrends for the cryptocurrency were traced from $218.66 to $157.56 and from $157.55 to $140.49. The uptrends for the coin were spotted from $82.82 to $103.22 and from $103.22 to $131.40.
The immediate resistance of the cryptocurrency was pictured at $140.52 and the strong resistance was at $157.62. The immediate support was found at $125.05 and the strong support was at $82.70
Klinger Oscillator forecasted that the bear would win the war for market dominance as the reading line moved below the signal line after a crossover.
Parabolic SAR, on the contrary, showed a bullish market as the dotted lines were below the candlesticks.
RSI showed an even buying pressure and selling pressure for the cryptocurrency.
Conclusion
The coin showed that Klinger Oscillator from the one-day chart, and MACD, and CMF from the one-hour chart, were cheering for the bear’s win. However, Parabolic SAR from the one-day chart stood by the bull.
The post Ethereum [ETH/USD] Price Analysis: Coin cheers for bear as bulls accept defeat appeared first on AMBCrypto.
Source: AMB Crypto

Stellar Lumens [XLM] Price Analysis: Bulls come out of the woodwork

Stellar Lumens, in partnership with IBM, successfully launched World Wire which will be a direct competition to Ripple’s solutions for cross-border payments. Stellar Lumens saw a spike after this announcement and has since subdued.
The price of XLM at press time was $0.02303, while the market cap was $2.2 billion.
1-hour
Source: TradingView
The one-hour chart of Tron showed a downtrend that extended from $0.0277 to $0.0236, while the uptrend extended from $0.0220 to $0.0229. The price found support at $0.0221 and bounced in an upward direction. The price even struck the immediate resistance at $0.0242 on March 16, 2019.
The Parabolic SAR markers developed above the price candles, which indicated that the short uptrend rally had stopped and was reversing.
The MACD indicator showed a recovering uptrend for the signal and the MACD lines after a bullish crossover.
The Relative Strength Index showed that the RSI topped at 55 and was reversing as well. The momentum of the sellers ran out as the RSI collapsed.
1-day
Source: TradinView
The longer time frame showed an uptrend that extended from $0.0129 to $0.02245, while the downtrend ranged from $0.04982 to $0.02593. The prices tried to cross the resistance at $0.0267, not once, but twice. Eventually, the prices failed to breach the resistance and headed downwards.
The Bollinger Band showed a squeeze, indicating the reduction of volatility for XLM in the longer time frame. The prices were above the SMA, which indicated a bullish presence for XLM.
The Chaikin Money Flow showed the CMF line above the zero-line, which indicated that money was flowing into the market. The sellers were dominated by the buyers.
The Stochastic RSI showed the topping of XLM markets as it was in the oversold zone. The Stochastic RSI also showed a bearish crossover that had begun.
Conclusion
The one-hour chart showed a bearish cycle in progress as indicated by the Parabolic SAR, MACD, and the Relative Strength Index. The one-day chart indicated a bullish view for Stellar Lumens as confirmed by Bollinger Bands, CMF, and Stochastic RSI.
The post Stellar Lumens [XLM] Price Analysis: Bulls come out of the woodwork appeared first on AMBCrypto.
Source: AMB Crypto

Ethereum [ETH/USD] Price Analysis: Coin chooses bull as short-term companion

Ethereum [ETH], the second largest cryptocurrency by market cap, continued to show healthy movement in the coin market. According to CoinMarketCap, at press time, Ethereum was trading $139.34, with a market cap of $14.67 billion. The trading volume of the cryptocurrency was $4.12 billion, with a rise of over 4% in the past seven days.
1-hour
Ethereum one-hour price chart | Source: TradingView
The one-hour chart of the cryptocurrency recorded downtrends from $142.52 to $140.19, and from $140.19 to $138.07. The uptrends for the coin were from $129.29 to $130.18, and from $131.40 to $136.75.
The coin’s immediate resistance was set at $138.07, and $140.20. Strong resistance for the cryptocurrency was seen at $142.53. The immediate support layers were placed at $136.09, and $130.69. Strong support for the cryptocurrency was at $129.27.
Parabolic SAR had its dotted markers below the candlesticks, indicating a bullish run for the coin.
Klinger Oscillator, on the contrary, showed that the reading line had crossed below the signal line, indicating the bear’s victory.
RSI showed that the buying and selling pressures for the coin were equally met in the market.
1-day
Ethereum one-day price chart | Source: TradingView
The one-day chart outlined downtrends from $218.66 to $157.56, and from $157.55 to $140.49 for the cryptocurrency. The uptrends were from $82.92 to $103.22, and from $103.22 to $131.40.
The immediate resistance for the coin was at $140.53 and the strong resistance was at $157.73. On the contrary, the immediate support was at $125.14, and the strong support was at $82.77.
Bollinger Bands forecast a reduced volatility as the bands were reuniting in the market after an explosion.
MACD showed that the moving average line placed itself below the signal line right after a crossover.
Chaikin Money Flow also supported the bear’s cause in the market as money was flowing out of the market in the long term.
Conclusion
Even though the coin was showing signs of a healthy market, long-term indicators forecast a market painted in red for the cryptocurrency.
The post Ethereum [ETH/USD] Price Analysis: Coin chooses bull as short-term companion appeared first on AMBCrypto.
Source: AMB Crypto

Bitcoin [BTC/USD] Price Analysis: Price on a roller coaster ride after briefly crossing $4,000-mark

Bitcoin reclaimed the $4,000 level in a show of great market sentiment as it was a resistance level the coin hadn’t crossed in over two months.
Bitcoin’s price, at press time, was $4,004, with a market cap of $71 billion. The coin’s 24-hour trading volume also surged due to the recent pump, hitting $10 billion. Most of the trading volume for Bitcoin came from BitMEX exchange, which contributed to a whopping $1.47 billion in trading volume.
1-hour
Source: TradingView
The one-hour chart indicated bullish momentum for Bitcoin as the downtrend inclination suddenly changed due to the rally. The downtrend extended from $4,163 to $4.013, while the resistance at $3,953 was tested during the rally.
The Parabolic SAR markers formed below the price candles and indicated a bullish presence in Bitcoin’s one-hour chart.
The MACD indicator underwent a bullish crossover, reaching the 30-line.
The RSI struck the oversold zone, and was heading down towards the 70-line. This indicated a shift in momentum for Bitcoin.
1-day

Source: TradingView
The one-day chart showed a downtrend that extended from $9,800 to $4,000. The support line at $3,122 was holding well, but the resistance at $4,111 was about to be tested. The subsequent resistance was seen at $7,641.
The Aroon indicator showed a strong uptrend for Bitcoin, while the downtrend line was headed to the bottom. This indicated a change in trend in the longer timeframe.
The Stochastic indicator also showed a strong bullish crossover heading towards the oversold zone.
The Chaikin Money Flow tool was above the zero-line and indicated a massive money influx into the Bitcoin markets.
Conclusion
The one-hour chart showed heavy bullish momentum for Bitcoin, as indicated by the SAR and the MACD indicator. However, the RSI indicated a slight decrease in bullish momentum. The one-day chart for Bitcoin showed unanimous massive bullish momentum, unlike the one-hour chart.
The post Bitcoin [BTC/USD] Price Analysis: Price on a roller coaster ride after briefly crossing $4,000-mark appeared first on AMBCrypto.
Source: AMB Crypto

Ethereum [ETH/USD] Price Analysis: Bulls and bears grapple for dominance

The entire cryptocurrency market was rejuvenated by the ongoing battle of the bulls and the bears. A majority of the coins were painted green, with some even surging by double digits.
According to CoinMarketCap, at press time, Ethereum was trading at $143.35 with a market cap of $15.08 billion. The coin had a trading volume of $5.22 billion, and witnessed a significant rise of over 6% over the day, and over 4% over the past seven days.
1-hour
Ethereum one-hour price chart |Source: TradingView
The one-hour chart displayed an uptrend from $138.94 to $142.52 for the cryptocurrency. The coin’s immediate resistance found its ground at $142.55, and strong resistance was at $164.24. The immediate support for the cryptocurrency was at $129.27, and  strong support was placed at $123.98.
Parabolic SAR showed that the bull was ahead of the bear as the dots were aligned below the candlesticks.
Bollinger Bands forecast a volatile market for the cryptocurrency as the bands were diverging from each other.
Chaikin Money Flow pictured the line dip below the zero-mark, and showed the bear entering the coin market.
1-day
Ethereum one-day price chart | Source: TradingView
The one-day chart showed that the downtrends for the cryptocurrency were outlined from $247.76 to $157.56, and from $157.55 to $135.99. The uptrends for the coin were from $83.74 to $103.22, and further from $103.22 to $131.40.
The coin had to breach its immediate resistance at $157.50, in order to get to the strong resistance, set at $218.76. The immediate support for the coin was at $125.18, and strong support was found at $82.82.
Klinger Oscillator showed that the bull had the potential to win over the coin, as the reading line was above the signal line after a crossover.
MACD had the moving average line below the signal line, post a bearish crossover.
RSI forecast balanced buying pressure and selling pressure for the coin in the market.
Conclusion
The charts showed the bull and the bear fighting for the coin. The bull tagged along with the Klinger Oscillator from the one-day chart and Parabolic SAR from the one-hour chart. The bear grouped with MACD from the one-day chart and CMF from the one-hour chart to tackle the bulls.
The post Ethereum [ETH/USD] Price Analysis: Bulls and bears grapple for dominance appeared first on AMBCrypto.
Source: AMB Crypto

Bitcoin [BTC/USD] Price Analysis: Coin awaits imminent breakout in near future

Bitcoin’s investor sentiment is positive considering the developments in the ecosystem. However, the price of Bitcoin doesn’t seem to be going anywhere as it is consolidating and moving in a sideways trend.
The price of Bitcoin, at press time, was $3,846 and the market cap was at $68 billion. The trading volume was hovering at $8.9 billion in the 24-hour time frame.
The largest contribution to the trading volume was from the exchange, BitMEX, via trade pair BTC/USD.
1-hour
Source: Trading View
The one-hour chart showed a downtrend that extended from $4,163 to $3,859, while the uptrend extended from $3,732 to $3,800. The price was bouncing off the support at $3,848. The subsequent resistance for Bitcoin was at $3,953.
The Parabolic SAR markers indicated a bearish pressure as they had formed above the price candles.
The MACD indicator was nearing the zero-line and indicated a consolidation. The lines, however, indicated a bearish crossover.
The Relative Strength Index showed an equal momentum from both the sellers and the buyers.
1-day
Source: TradingView
The one-day chart of Bitcoin showed a downtrend that extended from $9,800 to $3,875. The support at $3,122 bounced the price towards the immediate resistance at $4,111. The subsequent resistance was seen at $7,641.
The Aroon indicator showed a dominant uptrend that reversed as the downtrend was gaining strength.
The Stochastic RSI came short to hitting the oversold zone and was undergoing a bearish crossover to the bottom.
The Chaikin Money Flow showed the CMF line just above the zero-line and indicated a slight dominance by the buyers.
Conclusion
The one-hour chart showed consolidation and a slight pressure by the bears, which was confirmed by the Parabolic SAR, MACD and the Relative Strength Index indicators. The one-day chart showed a consolidation phase for Bitcoin as well. The Aroon indicator and the CMF showed a bullish trend for Bitcoin, while the Stochastic showed the beginning of a bearish trend.
The post Bitcoin [BTC/USD] Price Analysis: Coin awaits imminent breakout in near future appeared first on AMBCrypto.
Source: AMB Crypto

Ethereum [ETH/USD] Price Analysis: Bears hold fort as bulls attempt to boost coin

Earlier today, the collective cryptocurrency market showed a mixture of both green and red. Ethereum [ETH], the second largest cryptocurrency, was among the coins painted in red.
According to CoinMarketCap, the coin was trading at $133.20 with a market cap of $14.01 billion, at press time. The coin had a trading volume of $4.08 billion, and witnessed a significant drop of over 4% in the last seven days.
1-hour
Ethereum one-hour price chart | Source: TradingView
The one-hour chart for the coin recorded multiple downtrends. The first one was from $138.94 to $137.23, while the second one pulled the coin’s price down from $133.64 to $131.64. The coin outlined a minor uptrend from $129.29 to $130.73.
The immediate resistance level for the cryptocurrency was at $133.67, while the strong resistance level was at $135.59. Immediate support for the cryptocurrency was found at $130.69, with strong support at $129.27.
Chaikin Money Flow indicated that money was flowing back into the market, suggesting that the bull had returned.
MACD showed the moving average line placed above the signal line after a crossover, an indication of the bull running the coin market.
Bollinger Bands forecast a less volatile market for the coin as the mouth of the bands converged.
1-day
Ethereum one-day price chart | Source: TradingView
The one-day chart demonstrated two prominent downtrends for the cryptocurrency, from $218.66 to $157.56, and from $157.55 to $132.81. The coin’s uptrend was painted from $85.51 to $103.21, and further from $125.24 to $131.16.
The coin’s immediate resistance was seen at $137.75, while the strong resistance ground was at $157.71. The immediate support for the cryptocurrency was at $125.09, with strong support at $82.65.
Aroon indicator showed the bull’s rescue attempt going in vain as the Aaroon down indicator was much closer to the 100 line.
Klinger Oscillator also projected bearish control over the coin as the reading line moved below the signal line after a crossover.
Parabolic SAR had its dotted markers above the candlesticks, indicating that the bearish pressure on the coin was stronger than the bullish pressure.
Conclusion
Indicators such as the MACD and CMF suggested that the bull planned to push the coin out of the bear market. However, the one-day chart and its indicators were unanimous in projecting that the coin was doomed to be with the bear.
The post Ethereum [ETH/USD] Price Analysis: Bears hold fort as bulls attempt to boost coin 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

Ethereum [ETH/USD] Price Analysis: Bull bids adieu to market

After what seemed like the downfall of all cryptocurrencies, the market managed to recover by inviting the bull to visit the coins. Earlier this week, a majority of the cryptocurrencies were adorned in green to greet the bull, including top coins such as Litecoin [LTC], Ethereum [ETH], and Tron [TRX].
According to CoinMarketCap, at press time, Ethereum was trading at $136.92 with a market cap of $14.39 billion. The cryptocurrency had a trading volume of $5.08 billion and recorded a surge of over 6 percent in the past 24 hours.
1-hour
Ethereum one-hour price chart | Source: Trading View
In the one-hour time frame, the second largest cryptocurrency showed a downtrend from $139.14 to $136.39. The uptrend for the coin was seen from $128.22 to $134.91.
The immediate resistance for the cryptocurrency was spotted at $136.443 and the strong resistance at $139.20. On the contrary, to protect the coin from a surprise bear attack, the support ground was placed at $124.
Bollinger Band showed that the volatility for the cryptocurrency was high in the market as there was a massive gap between the bands.
Klinger Oscillator showed that the bull’s visit to the market had come to an end as the reading line made a crossover below the signal line.
RSI was forecasting an evened out buying and selling pressure for the cryptocurrency. The chart also showed that the indicator had recently recovered from the overbought zone.
1-hour
Ethereum one-day price chart | Source: Trading View
The one-day chart demonstrated downtrends from $218.66 to $157.56 and from $157.55 to $136.30. The uptrends for the cryptocurrency were outlined from $83.74 to $103.22 and from $103.22 to $125.24.
The coin’s immediate resistance was at $157.75 and the strong resistance was at $218.64. Over the course of time, the coin had placed multiple support layers at $215.04, $103.10, and $82.87.
MACD showed that the bear’s grip around the coin was strong as the moving average line was forced to stay below the signal line.
Parabolic SAR ensured that all the gates were shut, preventing the bull from returning to the market. As an added security measure, the indicator had placed itself on top of the candlesticks.
Chaikin Money Flow, however, showed hope for the coin as money had started to flow into the market.
Conclusion
The bull’s visit to the market has come to an end and the bear’s grip seems to be inevitable with the support of MACD, and Parabolic SAR from the one-day chart and Klinger Oscillator from the one-hour chart.
The post Ethereum [ETH/USD] Price Analysis: Bull bids adieu to market 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

Ethereum [ETH/USD] Price Analysis: Coin catches glimpse of the bull

The bear took control of the coin market last week and at press time, continued to have a firm grip on the coin. According to CoinMarketCap, at press time, Ethereum was trading at $128.16 with a market cap of $3.7 billion. The coin recorded a trading volume of $3.7 billion and saw a significant drop of over 7 percent in the past seven days.
1-hour
Ethereum one-hour price chart | Source: TradingView
On the one-hour chart, the cryptocurrency recorded downtrends from $139.14 to $136.71 and from $133.03 to $125.86. The uptrend for the coin was outlined from $124.02 to $124.87.
The coin’s first test point was placed at $133.79. If the coin successfully breached this mark, the next testing point would be $136.72. On the other hand, if the coin decided to descend, the coin had a strong support ground at $123.99 to prevent it from losing significant value.
RSI showed that the buying pressure was evenly met by the selling pressure.
Bollinger Bands indicated a less volatile market for the cryptocurrency as the bands were closing in on each other after a long time.
MACD was forecasting a bullish momentum as the moving average line surpassed the signal line after a brief encounter.
1-day
Ethereum one-day price chart | Source: TradingView
The one-day chart demonstrated a steep downtrend from $218.66 to $157.55 for the second largest cryptocurrency. The coin recorded two crucial uptrends; from $83.74 to $103.32 and from $103.33 to $125.24.
The immediate resistance for the coin was outlined at $157.65 and there was a strong resistance at $218.75. On the other hand, the immediate support for the cryptocurrency was at $103.11 and the strong support was at $82.78.
Despite the bull’s reappearance in the market, Chaikin Money Flow showed that the bear was in charge as money was flowing out of the market. Nevertheless, the indicator showed some optimism as it was seen making a leap upwards.
Parabolic SAR showed that the bull’s efforts were futile as the dotted lines were placed above the candlesticks.
Klinger Oscillator was also spotted agreeing with the other two as the reading line remained below the signal line after a crossover.
Conclusion
The one-hour chart projected bullish signs, with MACD forecasting its unwavering support for the bull and the RSI pulling itself out of the bear’s clutches. On the other hand, the one-day chart showed a bearish market for the coin.
The post Ethereum [ETH/USD] Price Analysis: Coin catches glimpse of the bull appeared first on AMBCrypto.
Source: AMB Crypto

Ethereum [ETH/USD] Price Analysis: Coin ventures deep into bear’s territory

Ethereum [ETH], the second largest cryptocurrency and a leading smart contract platform, ventured deep into the bear’s realm, with the cryptocurrency breaking through its strong support ground. According to CoinMarketCap, at press time, the cryptocurrency was trading at $128.80 with a trading volume of $3.73 billion. The coin had a market cap of $13.53 billion and witnessed a significant decrease of over 7% in the past seven days.
1-hour
Ethereum one-hour price analysis | Source: TradingView
The downtrends for the cryptocurrency on the one-hour chart were recorded from $140.53 to $139.15; from $139.14 to $136.71, and from $135.09 to $129.97. The coin’s immediate resistance was at $133.81 and strong resistance was found at $139.16. The coin formed a new support ground at $126.87 after breaking its previous support earlier today.
RSI finally decided to choose the bear. At press time, the selling pressure for the coin was pictured to be more than the buying pressure.
Klinger Oscillator pushed the coin closer towards the bear as the reading line continued to stay below the signal line after its recent crossover.
Bollinger Bands showed that the market was still volatile, with the bands diverging.
1-day
Ethereum one-day price analysis | Source: TradingView
On the one-day chart, the cryptocurrency recorded a sharp downtrend from $295.06 to $157.55. The uptrends for the coin were pictured from $83.74 to $103.21 and from $103.22 to $129.78. The immediate resistance of the cryptocurrency was at $157.72 and there was strong resistance at $252.66. If the coin was to go south, it would first have to break its immediate support at $103.13, followed by its strong support at $82.77.
MACD indicator showed the moving average line to be below the signal line, painting the histogram red by crossing below the signal line.
Chaikin Money Flow refused to help the coin, indicating that money was moving out of the market.
Parabolic SAR also gave no respite for the coin as the dotted lines were pushing the coin down south by placing themselves above the candlesticks.
Conclusion
The coin was far from recovery as all the indicators refused to take it back to the bull’s realm. With indicators on the one-day chart standing by the bear, the coin was likely have a tough time ahead.
The post Ethereum [ETH/USD] Price Analysis: Coin ventures deep into bear’s territory appeared first on AMBCrypto.
Source: AMB Crypto