Ethereum [ETH] vs Tron [TRX] Price Analysis: Bulls moving with sluggish steps

2019-5-18 20:00

Ethereum prices were hiking even after the Bitcoin crash as the bulls raced past the $244.57 mark and was trading at $239.81. Ethereum fell by 0.42% over the past 24 hours. The market cap of Ethereum was $25.44 billion, with $13.58 billion in 24-hour trading volume.

Tron endeavours towards building a user-centric system wherein the users have authority over centralized organisations. Tron gained momentum in the market with the launch of it’s latest security feature – zk-Snarks- to up its privacy settings. Tron was priced at $0.0271 with a market cap of $1.8125 billion, at press time. Tron stood at the eleventh position on the top cryptocurrencies list around the globe, with $812 million in trading volume.

1-Day ETH

ETH saw an uptrend from $136.39 to $255.60. There were two resistance lines at $247.74 and $195.83. Support lines were drawn at $99.44 and $86.37.

Source: TradingView

Bollinger Bands indicated a high rate of volatility in the ETH market.

Awesome Oscillator indicated a bullish buying opportunity as the long-term momentum was inferior to short-term momentum.

Chaikin Money Flow indicator pictured the indicator line above the zero-line. The money flowing into the market was exceeding the money flowing out of the market.

1-Day TRX

Source: TradingView

TRX saw two uptrends, first from $0.0153 to $0.0287 and second from $0.0262 to $0.0307. Resistance lines stood at $0.0307 and $0.0267, and the support line was positioned at $0.0126.

Bollinger Bands depicted an increased rate of volatility in the TRX market.

Awesome Oscillator showed a bullish buying opportunity as it was evident from the graph that the short-term momentum was greater than the long-term momentum.

Chaikin Money Oscillator showcased the indicator line falling, but above  zero. This indicated that money flowing into the market was higher the money flowing out of the market.

Conclusion

ETH and TRX were showing signs of a bullish trend as the market.

The post Ethereum [ETH] vs Tron [TRX] Price Analysis: Bulls moving with sluggish steps appeared first on AMBCrypto.

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Ethereum (ETH) на Currencies.ru

$ 3439.32 (+9.27%)
Объем 24H $16.68b
Изменеия 24h: 11.75 %, 7d: 16.35 %
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ethereum bulls tron past trading billion eth

Источник: ambcrypto.com

ethereum bulls → Результатов: 126


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