2019-5-24 22:30 |
Ethereum [ETH] was priced at $238.381 and fell by 5.88% over the past 24 hours. With a market cap of $25.312 billion, ETH was ranked 2nd on the list of the world’s top cryptocurrencies. ETH had a 24-hour trade volume of $10.622 billion, at press time.
1-Day ETH
Source: TradingView
ETH saw an uptrend from $157.671 to $262.903, but started slowing down as ETH’s price closed at $235.712. Resistance stood at $266.142 and the support lines stood at $150.453 and $104.64.
Bollinger Bands indicated high price volatility in the ETH market
Awesome Oscillator presented a bullish buying opportunity as the short-term momentum was greater than the long-term momentum
Chaikin Money Flow depicted bullish trend as the money flowing into the market was more than the money flowing out of the market. However, the indicator was starting to fall by press time
1-Day TRX
TRX slipped to 12th on the list of top cryptocurrencies. TRX was priced at $0.026, with a market cap of $1.77 billion, at press time. TRX fell by 6.04% with a 24-hour trading volume of $697.061 million.
Source: TradingView
TRX saw its first uptrend from $0.030 to $0.031, and the second uptrend from $0.028 to $ 0.031. The graph showed a downtrend from $0.030 to $0.028. Resistance line stood at $0.030. and support was at $0.022.
Parabolic SAR suggested a bearish trend as the dotted markers were above the candlesticks
Moving Average Convergence/Divergence [MACD] indicator showed a bullish trend as the MACD line crossed over the signal line
Relative Strength Index indicator revealed that the buying pressure was high
Conclusion
After weeks of upward movement, both Ethereum and Tron were ravaged by the bears. Largely bearish projections were predicted for both coins in the near term. However, some bullish signs remained visible in the market.
The post Ethereum [ETH] and Tron [TRX] Price Analysis: Coins suffer as bears push bulls aside appeared first on AMBCrypto.
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