Copy link
Increase text size
Decrease text size
Link copied

Crypto Technicals: TRON (TRX) halts upside with 'Doji', 'Death Cross' to trigger downside

Tue, 13 Aug 2019, 06:22 am UTC

TRX/USD chart - Trading View

Exchange - Bitfinex

Support: 0.0199 (Lower BB); Resistance: 0.0217 (20-DMA)

Technical Analysis: Bias Bearish

TRX/USD has paused upside with a 'Doji' formation on the previous day's chart.

The pair was trading 2.18% lower on the day at 0.0203 at 06:10 GMT, bias is bearish.

A 'Death Cross' (bearish 50-DMA crossover on 200-DMA) confirmed on the daily charts to plummet prices.

Further the pair has broken strong trendline support at 0.0213, adding to the downside bias.

GMMA shows major trend in the pair is bearish. The parabolic SAR also shows downside for the pair.

Immediate support is seen at lower BB (weekly at 0.0175) ahead of 0.0160 (Aug 2018 low).

20-DMA is immediate resistance at 0.0217. Bearish invalidation only above 200-DMA (0.0269)

TokenPost | [email protected]

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
More
  • Bitcoin (BTC) $7,269.55 (+0.25%)
  • Ethereum (ETH) $144.54 (-0.35%)
  • XRP (XRP) $0.224600 (+0.84%)
  • Bitcoin Cash (BCH) $211.67 (+1.69%)
  • Litecoin (LTC) $44.46 (+0.90%)
  • Bitcoin (BTC) $7,269.55 (+0.25%)
Dec 13, 2019 (Friday)
12:50
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
12:49
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
11:25
Crypto Technicals: BCH/USD edges above 5-DMA, near-term upside likely on break above 20-DMA (211.74)
11:24
Terra launches stablecoin-powered payments service in Mongolia
10:37
Crypto Technicals: Ripple (XRP) edges higher from session lows at 0.2154, 'Hammer' at lows raises scope for minor gains
10:22
Korean cybersecurity firm partners with R3 for digital asset management and MPC technology
08:55
SEC charges Shopin’ founder with orchestrating ICO fraud; Accused deactivates social media, Telegram account
08:55
Crypto exchange Kraken looking for operations director to helm ‘special-purpose depository institution’
07:49
Twitter looks to blockchain to decentralize social media
07:03
Crypto Technicals: LTC/USD flashes signs of recovery, 'Dragonfly Doji' and 'Bullish Divergence' could support minor upside
06:22
ING bank developing custody project for digital assets: Report
06:18
Basel Committee on Banking Supervision mulls designing global prudential standard for crypto-assets
05:28
Franklin Templeton leads blockchain-based social impact platform’s funding round
04:58
Crypto Technicals: BTC/USD breaks above 50H MA, 'Bullish Divergence' could support further gains
04:44
TokenSoft submits transfer agent filing to the SEC; Decision to arrive in 30 days
04:33
Crypto Technicals: ETH/USD recovery lacks traction, upside capped at 5-DMA
04:33
Glencore joins Responsible Sourcing Blockchain Network for tracing cobalt
03:24
Grant Thornton releases second report on Cryptopia liquidation; Pulls back nearly $5M from various sources
03:23
Chainalysis launches compliance solution for Bitfinex amidst class-action lawsuit
Dec 12, 2019 (Thursday)
15:04
Binance launches Latin American fiat gateway; adds new fiat payment options
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft