Tron [TRX] & IOTA Price Action – Worst Performer Tron Continues Its Downtrend, IOTA Consolidates

2019-3-11 17:49

Tron Daily Chart – Source: Tradingview.com

It was not so long ago that Tron was outperforming all other top cryptocurrencies during its price increases from mid-December to mid-January.

The tables have now turned for Tron, and it stands as the worst performer over the past 30 days.

Data from Messari shows Tron recording a loss of 17.06% over the past 30 days while all other cryptos in the top ten have recorded increases over the same period.

Tron has been in a downward trend since reaching its January high.

Tron struggled to maintain prices above resistance at $0.029, and any rises above quickly found seller liquidity.

Tron Hourly Chart – Source: Tradingview.com

Tron seems to be meeting some support around $0.0224 currently, but it looks likely to break below amid the strong seller momentum.

In the event of a drop below, the next area of support will likely be around $0.0215.

IOTA Weekly Chart – Source: Tradingview.com

IOTA is the only other top 15 cryptocurrency recording a loss over the past 30 days with data from Messari showing price is down 0.8% over the period.

The price prospects for IOTA highly uncertain.

The last four weekly candles closed as Doji candles and the two prior to this also had small bodies.

A Doji candle is a candle where the open and the close are around the same point and typically reflects uncertainty from traders.

The same occurrence took place around mid-October where four consecutive Doji candles formed on the weekly chart.

This preceded a significant drop to 2018 lows. We could be seeing a similar pattern here where a price consolidation is preceding a drop.

We alternatively could be seeing that price is after bottoming out in 2018, but traders are not yet willing to push prices to higher levels.

IOTA Daily Chart – Source: Tradingview.com

The nearest resistance level to monitor in IOTA is $0.30.

Price has met resistance at this level numerous times in past trading and has also met support at this point when it has managed to rise above.

One pattern to monitor on the daily chart is a potential ascending triangle forming.

An ascending triangle pattern forms when price trades between a resistance level and an upward trend line.

It is questionable in IOTA as prise has only met support a small number of times at the upward trendline making it more questionable.

However, this pattern is a powerful bullish trend continuation pattern and should be monitored on the chart.

The pattern played out in Stellar Lumens, XLM, last week and resulted in XLM outperforming.

Key Takeaways: Tron and IOTA are the only cryptocurrencies in the top 15 that are recording losses. Tron has been trading in a downtrend since January highs. Tron seems to be currently meeting support around $0.0224 but looks likely to break below. The next likely area of support to monitor is $0.0215. IOTA has been consolidating for the past 6 weeks. A consolidation for four weeks in October preceded a significant drop. There is a potential ascending triangle pattern to monitor on the daily chart for IOTA. This pattern could result in a break above $0.3 for IOTA and an outperformance in comparison to other major cryptocurrencies. Latest Tron News:

What is TRON? What is TRX? A Must-Read 2019 Guide Packed Full of Info

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] & IOTA Price Action – Worst Performer Tron Continues Its Downtrend, IOTA Consolidates was originally found on Cryptocurrency News | Blockchain News | Bitcoin News | blokt.com.

Similar to Notcoin - Blum - 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 $ 0.0219375 (-100%)

tron iota performer price worst continues action

tron iota → Результатов: 121


Tron(TRX) Slides after Postponement of Super Representative Elections: IOTA, EOS, Tron, Stellar Lumens and Litecoin Technical Analysis

Yesterday we were supposed to see the final push and declaration of Tron Independence. But as with all mainnet launches in this space, it’s but a disappointment. Coin migration from Ethereum is still in progress and this mean Tron election of their 27 Super Representatives of super nodes as dPoS demands will be put off.

2018-6-27 03:02


Криптовалюта TRON превзошла IOTA по рыночной капитализации

Криптовалюта TRON (TRX) известна за громкие анонсы, удивительную активность и постоянную шумиху в СМИ. Сооснователь проекта, Джастин Сан, и его команда сделали ставку на проведение как можно большего числа рекламных кампаний, что, судя по всему, начало приносить свои плоды.

2018-6-21 10:43


To TRX Coin Holders: “Mainnet Launches Often Clip Price”: Tron, IOTA, Stellar Lumens, Litecoin and EOS Technical Analysis (June 20, 2018)

Over all, yesterday was a pretty good day for alt coins. Fact is we saw higher highs in most coins under our radar and spearheading this recovery was Tron. At some point, Tron was up 20 percent and this comes some five days before Tron’s mainnet launch which like others often come with dip in.

2018-6-20 03:02


If Bitcoin isn’t a Security According to SEC, Which Coins are? : IOTA, EOS, Stellar Lumens, Litecoin and Tron Technical Analysis (June 16, 2018)

Overly, sellers did spring back to action and completely reversing June 14 gains in some coins as IOTA. However, in the midst of all sells, Stellar Lumens is resilient losing three percent. On the other hand, IOTA reversed 100 percent of their 24 hours gains with lows testing minor support at $1.

2018-6-16 03:02