Ethereum [ETH] v Tron [TRX] Price Analysis: Coins continue to enjoy bull market

2019-5-31 01:30

The overall coin market was seen performing well. However, despite posting significant gains, TRX slipped to the 12th position on CoinMarketCap. Ethereum [ETH] remained the world’s largest altcoin in the cryptocurrency market.

1 Day ETH chart

Source: TradingView

The 24-hour trading volume for ETH was $11 billion, with the market cap recorded to be over $30 billion.

The uptrend extended from $102.27 to $132.17, while resistance was noted at $296.65, with support found at $80.33.

Parabolic SAR pointed towards a bullish market as the dotted markers were found under the candlesticks.

Relative Strength Index indicated an overbought market trend as the graph was seen crossing the seventy mark on the chart.

Chaikin Money Flow indicated a growing influx of money into the market.

1 Day TRX chart

Source: TradingView

The 24-hour trading volume was $964 million and the market cap stood at $2.34 billion.

An uptrend was seen from $0.0130 to $0.0235 and a downtrend from $0.0309 to $0.0274. Resistance was sighted at $0.0399 and support at $0.0118.

Bollinger Bands indicated expanding volatility in the market, at press time.

MACD suggesting a bullish crossover.

Awesome Oscillator signified short-term momentum in the market or bullish buying opportunity for investors.

Conclusion

Both coins continued to consolidate their gains in the bullish market.

The post Ethereum [ETH] v Tron [TRX] Price Analysis: Coins continue to enjoy bull market appeared first on AMBCrypto.

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