Tron [TRX] Price Action: Lower Low Forms

2019-1-29 18:44

Tron Daily Chart – Source: Tradingview.com

The bearish drops which took place across the cryptocurrency market over the past few days resulted in a change in the market structure for Tron.

The drop has resulted in the price of Tron forming a lower low, a more bearish market structure.

Tron has been the best performer among top cryptocurrencies recently.

Data from Messari show price appreciating 4.69% over the past seven days and 38.23% over the past thirty with all other top ten cryptocurrencies recording losses over these time periods.

The outperformance of Tron may be due to it surpassing its 200 simple moving average (SMA) which is often used by analysts as a gauge for the direction of the long-term trend.

Tron 4-Hour Chart – Source: Tradingview.com

Tron has since started to recover from its bearish drop but has been meeting resistance at $0.028.

$0.028 was also a point of resistance last week, and it took several tests before price eventually overcame this point.

The key level below price to monitor is $0.0248 which is the point where price sharply declined during bearish market conditions in mid-November.

The daily 200 SMA is also a key level to monitor below price.

Key takeaways: Tron has been forming a more bearish market structure with a lower low formed. Tron has since started to recover but is meeting resistance at the $0.028 level which took several tests to overcome last week. Tron has been outperforming all other top cryptocurrencies recently which may be due to it surpassing its 200 SMA. The key levels to monitor below price are the $0.248 level and the daily 200 SMA. Latest Tron News:

Tron Price Action: TRX Moves Back Below Key Level Amid Bearish Market Movements

TRON Weekly Report: niTROn Summit, DApps, BitTorrent Token, and More

DISCLAIMER: Investing or trading in digital assets, such as those featured here, is extremely speculative and carries substantial risk. This analysis should not be considered investment advice, use it for informational purposes only. Historical performance of the assets discussed is not indicative of future performance. Statements, analysis, and information on blokt and associated or linked sites do not necessarily match the opinion of blokt. This analysis should not be interpreted as advice to buy, sell or hold and should not be taken as an endorsement or recommendation of a particular asset.

Tron [TRX] Price Action: Lower Low Forms was originally found on Cryptocurrency News | Blockchain News | Bitcoin News | blokt.com.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

TRON (TRX) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0.1171
Капитализация $0 Rank 99999
Цена в час новости $ 0.0276068 (-100%)

tron low market price lower forms resulted

Источник: blokt.com

tron low → Результатов: 30


Tron [TRX] Performance Last Week Was Low Despite so Many Activities On The Network, Why?

The past week had been full of activities for the Tron team, but unfortunately not a very good one for Tron native token TRX. This cryptocurrency was among the low performers out of the top 100, but there was a high expectation on TRX performance considering that the Tron team were engrossed in awareness and […] The post Tron [TRX] Performance Last Week Was Low Despite so Many Activities On The Network, Why? appeared first on ZyCrypto.

2019-1-22 00:34


Post-Christmas market recovery: Polymath (POLY) leading the way ahead of Tron (TRX) and ChainLink (LINK)

After reaching $146 billion on 24th, the whole market took a dive and trimmed $18 billion to drop to the weekly low of $127 billion on 25th before bouncing back up to the current $131 billion. The modest push to the north was led by Polymath, a platform that aims to be “Ethereum for security […] The post Post-Christmas market recovery: Polymath (POLY) leading the way ahead of Tron (TRX) and ChainLink (LINK) appeared first on CaptainAltcoin.

2018-12-26 07:52


Tron (TRX) : Expected To Skyrocket Soon In A Surprising Manner

Tron (TRX), has been in the crypto scene for some time now, but due to price actions, the digital coin has been on the low. Coming into the month, many experts believed Tron was going to do better than previous months but that very far off as it the early stages, the coin Recently saw […] The post Tron (TRX) : Expected To Skyrocket Soon In A Surprising Manner appeared first on ZyCrypto.

2018-9-26 19:12


Фото:

TRX Price Shoots As TRON Foundation Release Odyssey v2.0.3, Token Migration Begins

With so much going on behind the scenes of the TRON MainNet launch at the moment, it is pretty easy to forget exactly where the project stands and what is happening with the roll out. Over the past few weeks, TRON has been subject to a series of updates and testing procedures that are being carried out to ensure the full MainNet and token migration can be completed in the most stable manner.

2018-6-21 12:30


Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

SOL Price Breaks $150 – Why Solana Could Soon Test $180

Solana is gaining bullish momentum above $150. SOL price is showing positive signs, and it could even surpass the $162 resistance in the near term. SOL price started a fresh increase from the $138 support against the US Dollar.