Bitcoin SV [BSV], Tron [TRX] and Litecoin [LTC] surge as Bitcoin [BTC] approaches $9,000 mark

The cryptocurrency market was surging again as the fork coin, Bitcoin Satoshi Vision [BSV], led the rally after a quiet weekend. The collective market cap stood at $268.7 billion with Bitcoin’s [BTC] dominance at 57.4%.
The controversy-ridden BSV managed to outshine the king coin, BTC in the latest surge, even as the latter made another leap over $8,500 and was closing in on the $9,000-mark.
Bitcoin SV [BSV]
The digital asset’s price took a major hit following Craig Wright’s rants and legal notices to several prominent persons in the space. At press time, BSV held a market cap of $1.91 billion and was priced at $106.8 after rising by 17.29% over the last 24 hours. The coin recorded a 24-hour trading volume of $414 million, with Upbit contributing over 9% via the trading pair BSV/KRW.
Source: TradingView
Tron [TRX]
At a time when most crypto-assets cooled down and retired on a bearish note over the weekend, Tron rallied following Justin Sun’s tweet, leaving the community on a bull ride.
“Something huge and amazing going about #TRON and #BitTorrent. I will share with you after June 1. I think I have 70% to win and nail it. Fingers crossed! $TRX $BTT”
TRX rose by 13.70% over the last 24 hours and was valued at $0.031. At press time, the eleventh largest digital coin held a market cap of $2.11 billion and recorded a trading volume of $1.23 billion over the past 24 hours, of which 8.9% was traded via TRX/USDT pair at BW.com.
Source: TradingView
Litecoin [LTC]
Litecoin was trading fairly well, despite few setbacks this year. LTC’s price soared mostly due to the much-anticipated halving event and several institutional adoptions. The fifth largest coin surged by 11.28% over the last 24 hours, catapulting its price to $113.6. At press time, LTC held a market cap of $7.04 billion and registered a 24-hour trading volume of $5.82 billion. Additionally, Coineal contributed a significant 11.3% trading volume via LTC/BTC.
Source: TradingView
Bitcoin [BTC]
The king coin achieved yet another milestone and surpassed $150 million market cap, as BTC approached the $9,000-mark with the latest upswing. It rallied by 8.36% over the past 24 hours and was valued at $8,698. At press time, BTC held a market cap of $154.1 billion and a 24-hour trading volume of $28.7 billion. Besides, 13.07% of the total trading volume was contributed to by Bitmex via XBT/USD.
Source: TradingView
The post Bitcoin SV [BSV], Tron [TRX] and Litecoin [LTC] surge as Bitcoin [BTC] approaches $9,000 mark appeared first on AMBCrypto.
Source: AMB Crypto

Ethereum [ETH] and Tron [TRX] Price Analysis: Bulls march in as coins post significant rallies

Ethereum [ETH] and Tron [TRX] managed to surpass the bear and smashed resistances at different points following the latest Bitcoin sprint.
1-day ETH chart
The second largest cryptocurrency by market cap, Ethereum [ETH], exhibited a massive rally of 10.38% over the last 24 hours and was priced at $196.67. The coin registered a 24-hour trading volume of $13.06 billion and held a market cap of $20.85 billion.
Source: TradingView
The one-day ETH chart registered a significant uptrend from $85.62 to $135.3 and another uptrend from $135.3 to $154.8, following market correction. No significant downtrend was noticed on the chart above.
The latest market pump resulted in ETH breaking major resistance points as the coin continued to trade higher. The digital coin found support at $105.9 and $137.9.
Parabolic SAR: The dotted markers were below the candlesticks, indicating a bullish phase for the crypto-asset.
MACD: The MACD line was also above the signal line, indicating that the coin was following a bullish course.
Klinger Oscillator: The reading line was also above the signal line, pointing towards a bullish price pattern for Ethereum.
1-day TRX chart
The eleventh largest crypto-asset on CoinMarketCap, Tron [TRX] held a market cap of $1.69 billion. The digital coin was priced at $0.025 after surging 7.91% over the past 24 hours. At press time, the coin registered a 24-hour trading volume of $960 million.
Source: TradingView
The one-day Tron [TRX] chart registered an uptrend from $0.029 to $0.023 and another uptrend from $0.023 to $0.029, catapulted by subsequent upswings. A downtrend from $0.03 to $0.025 was also observed on the chart above. The resistance point for the coin was at $0.035, while the support stood firm at $0.013.
Bollinger Bands: The mouth of the bands depicted a period of low volatility.
Awesome Oscillator: The closing bar of the indicator was green, suggesting some bullish activity for the coin.
Chaikin Money Flow: The CMF was also below the zero-line, indicating money outflow from the market and a bearish period for TRX.
Conclusion
Ethereum [ETH] projected strong bullish signals in the near term, while Tron [TRX] was mildly bullish with no potential price break out signs.
The post Ethereum [ETH] and Tron [TRX] Price Analysis: Bulls march in as coins post significant rallies appeared first on AMBCrypto.
Source: AMB Crypto

Ethereum [ETH] and Tron [TRX] Price Analysis: Bulls break out as crypto market heads for recovery

The cryptocurrency market was flashing green, driving the collective market cap to $188.10 billion. The latest recovery managed to push crypto-assets to post significant gains.
1-day ETH chart
The second largest cryptocurrency on CoinMarketCap, Ethereum [ETH] held a market cap of $18.75 billion and was priced at $176.90 after rallying by 7.89% over the last 24 hours. At press time, the crypto-asset recorded a 24-hour trading volume of $8.85 billion.
Source: TradingView
The one-day ETH chart registered three uptrends. The first was observed from $105.60 to $135.80, followed by a market correction. Another uptrend was noted from $135.80 to $154.30, while the third uptrend from $154.30 to $170.90 was prompted by the latest bull run. A downtrend was noted from $213.10 to $146.20. The resistance for the above chart was found at $213.12, while the supports stood firm at $128.50 and $106.20.
Bollinger Bands: The parallel bands indicated a stagnant market phase for the Ethereum [ETH].
Awesome Oscillator: The closing bars of the indicator were green, suggesting a period of bullish activity for the coin.
Chaikin Money Flow: The CMF was also above the zero-line, indicating that money was flowing into the coin market. Hence, a bullish price trend for the crypto-asset was recorded.
1-day TRX chart
The eleventh largest cryptocurrency, Tron [TRX] held a market cap of $1.60 billion and was valued at $0.024, at press time. The digital asset recorded a 24-hour trading volume of $711.7 million. TRX surged by 2.01% over the past 24-hours.
Source: TradingView
The one-day Tron [TRX] chart registered a downtrend from $0.024 to $0.013, along with an uptrend from $0.012 to $0.023. The resistance was marked at $0.035. The digital asset found support at $0.018 and $0.014.
Parabolic SAR: The dotted markers were below the candlesticks, indicating a bullish phase for TRX.
MACD: The MACD line was above the signal line, indicating a bullish trend for the digital coin.
Klinger Oscillator: The reading line was also above the signal line after a bullish crossover.
Conclusion
Bullish activity was predicted for both ETH and TRX in the near term.
The post Ethereum [ETH] and Tron [TRX] Price Analysis: Bulls break out as crypto market heads for recovery appeared first on AMBCrypto.
Source: AMB Crypto

Ethereum [ETH] and Tron [TRX] Price Analysis: Bear consolidates after market dip as recovery stalls

As crypto-traders departed from Bitfinex following the alleged cover-up of $850 million using the stablecoin Tether, the cryptocurrency market posted significant losses.
The second largest crypto-asset, Ethereum [ETH], was at press time, holding a market cap of $16.40 billion and was valued at $155. The digital coin recorded a 24-hour trading volume of $8 billion and depreciated by 5.45% over the past 24 hours.
The eleventh largest coin, Tron [TRX], held a market cap of $1.53 billion and registered a 24-hour trading volume of $756.6 million. The coin was priced at $0.023, after a decline of 2.34% over the past 24 hours.
1-day ETH chart
Source: TradingView
The candlestick arrangement on ETH’s one-day chart exhibited three uptrends from $85 to $105.30, $105.30 to $135.28 and from $135.40 to $154.40. A downtrend from $212.9 to $146.3 was also observed.
The resistance points for the chart were marked at $213.12 and $230.30.  The supports for the crypto-asset stood firm at $128.40 and $106.12.
Bollinger Bands: The parallel bands depicted low volatility for ETH’s price.
Awesome Oscillator: The closing bars of the indicator were red and predicted a bearish pattern for the coin.
Chaikin Money Flow: The CMF spiked above the zero-line, indicating that money was flowing into the coin market. Hence, a bullish price trend for Ethereum was predicted.
1-day TRX chart
Source: TradingView
The one-day TRX chart projected an uptrend from $0.012 to $0.028 and a downtrend from $0.024 to $0.013. The coin was anticipated to retrace the previously traded $0.040 resistance mark. The support for the coin stood firm at $0.018 and $0.014.
Parabolic SAR: The dotted markers were above the candles, indicating a bearish pattern for the crypto-asset.
MACD: The MACD line was also below the signal line, exhibiting a bearish pattern for Tron’s valuation.
Klinger Oscillator: The reading line was below the signal line and exhibited a bearish trend for the coin’s price.
Conclusion
A period of low volatility was predicted for Ethereum [ETH], while Tron [TRX] was being ravaged by the bear.
The post Ethereum [ETH] and Tron [TRX] Price Analysis: Bear consolidates after market dip as recovery stalls appeared first on AMBCrypto.
Source: AMB Crypto

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