• Sat, 20 Jul 2019, 09:35 AM
  • All times are UTC
  • Edition:
    International
Copy link
Increase text size
Decrease text size
Link copied

Crypto Technicals: TRON breaks consolidation, extends gains above daily cloud

Wed, 15 May 2019, 11:17 am UTC

TRX/USD chart - Trading View

Exchange - Binance

Support: 0.0256 (50-DMA); Resistance: 0.0315 (trendline)

Technical Analysis: Bias Bullish

TRON has broken out of consolidation phase, could build upside momentum

TRX/USD trade had been capped between 200 and 50 day moving averages

Price action has now broken above 50-DMA and has edged above daily cloud

Volatility is rising as indicated by widening Bollinger Bands, Stochs and RSI are sharply higher

Scope for upside till 0.0315 (trendline resistance) and then 0.0327 (Apr 8th high)

Failure at daily cloud will see retrace till 50-DMA at 0.0256. Break below 200-DMA to see major downside

For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
More
  • Bitcoin (BTC) $10,601.60 (+1.74%)
  • Ethereum (ETH) $226.06 (+2.79%)
  • XRP (XRP) $0.327000 (+3.07%)
  • Litecoin (LTC) $99.16 (+1.22%)
  • Bitcoin Cash (BCH) $312.68 (+1.56%)
  • Bitcoin (BTC) $10,601.60 (+1.74%)
Jul 19, 2019 (Friday)
11:17
Crypto Technicals: XRP/USD grinds lower along 200H SMA, break below 5-DMA to see further weakness
11:12
Binance Jersey announces listing of GBP-backed stablecoin ‘BGBP’
10:32
Rape and sexual harassment case against bitcoin developer blows up
10:15
New Jersey accuses blockchain firm Pocketinns of selling $410K unregistered securities
09:59
Crypto Technicals: LTC/USD struggles at 110-EMA, bias bearish
09:58
Blockchain firm Algorand joins International Swaps and Derivatives Association
09:22
Neo, Ontology partner to develop blockchain interoperability protocol
07:35
Consumer advocates call on Libra partners to withdraw collectively from Facebook's crypto project
07:31
Apple's Steve Wozniak invests in blockchain-based energy efficiency firm 'Efforce' in Malta
07:28
Cryptocurrency exchange ErisX joins U.S. Chamber of Digital Commerce
07:26
LibertyX exceeds 1,000 bitcoin ATMs in the U.S. via new partnership
06:59
Blockchain interest dropping, DLT in trouble?
06:37
Waves founder launches Waves Enterprise to develop corporate blockchain solutions
06:03
IRS goes after cryptocurrency users misreporting transactions
05:05
Facebook's Libra, other cryptocurrencies pose risk of global economic destabilization: G7
04:42
Anchorage receives charter to open crypto custody shop in South Dakota
04:27
Bank of Thailand's DLT-focused Project Inthanon advances to Phase III
Jul 18, 2019 (Thursday)
11:52
MOBI launches first vehicle identity standard on blockchain
11:49
FATF approves Japan’s plan to establish global network for crypto payments: Report
11:13
Crypto Technicals: ETH/EUR downside pauses shy of 200-DMA, bullish divergence on intrday charts keeps scope for upside
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft