Ethereum [ETH] v Tron [TRX] Price Analysis: Coins eye bullish move as market correction subdues

2019-6-2 19:30

The overall coin market was performing well throughout the week, will almost all coins treading a bullish market momentum. Ethereum and Tron also enjoyed a positive market, at press time.

1-Day ETH chart

Source: TradingView

The 24-hour trading volume of Ethereum was $10 billion and the market cap was $28 billion.

An uptrend was seen from $179.40 to $271.63, while the resistance was at $272.57 and support at $82.11. There was also a support at $124.85, at press time.

Parabolic SAR indicated a bullish market as the markers were below the candlesticks.

Bollinger Band were converging, squeezing volatility in the market.

Relative Strength Index indicated that the coin was close to the overbought zone.

1-Day TRX chart

Source: TradingView

The 24-hour trading volume of Tron was $1 billion and the market cap was $2 billion.

The uptrend extended from $0.0130 to $0.0233, while the downtrend extended from $0.0364 to $0.0270. Resistance was noted at $0.0398 and the first support was at $0.0118. The second support was at $0.0223.

Awesome Oscillator indicated a bullish buying opportunity or a long-term momentum in the market.

MACD indicated a bullish crossover in the market.

Klinger Oscillator pointed towards a bearish market trend.

Conclusion

The one-day chart for ETH showed an overall bullish trend, while TRX was treading a bearish territory.  

The post Ethereum [ETH] v Tron [TRX] Price Analysis: Coins eye bullish move as market correction subdues appeared first on AMBCrypto.

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