• Sat, 24 Aug 2019, 08:08 PM
  • 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) $10,110.30 (-2.83%)
  • Ethereum (ETH) $189.93 (-2.21%)
  • XRP (XRP) $0.273200 (-1.14%)
  • Bitcoin Cash (BCH) $307.15 (-1.90%)
  • Litecoin (LTC) $73.40 (-2.46%)
  • Bitcoin (BTC) $10,110.30 (-2.83%)
Aug 23, 2019 (Friday)
11:35
Stablecoin project Terra receives funding from HashKey Capital
10:49
Three of the founding members of Libra Association consider backing out: Report
08:55
Overstock's Patrick Byrne steps down as CEO
08:52
Pundi X brings XPOS crypto payments to Venezuela's Traki retail stores
07:22
Blockchain startup Blockstack scores strategic investment from Japan's Recruit Holdings
07:19
BitGo announces support for multi-signature EOS wallet and custody services
06:39
US Treasury blacklists crypto addresses of suspected Chinese fentanyl traffickers
06:14
Chainalysis launches ‘Chainalysis KYT Alerts’ to detect suspicious cryptocurrency activity in real-time
05:13
Cryptocurrencies used to buy fentanyl, other illicit drugs: White House
05:04
Blockchain energy startup Power Ledger extends energy trading trial in Fremantle
03:53
Blockchain accelerator initiatives launched at the University of California campuses
Aug 22, 2019 (Thursday)
13:05
Crypto exchange Coincheck mulls launching IEO Platform
12:46
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
11:53
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
11:42
Sierra Leone launches blockchain-based National Digital Identity Platform
10:43
Blockchain startup Blocko secures $7.4M in Series B+ round from major South Korean financial institutions
09:52
Crypto Technicals: Ethereum Classic ignores crypto space weakness, extends gains to break above 200-DMA
09:16
Former Zaif exchange owner Tech Bureau to discontinue crypto business after completing customer refunds
08:32
Crypto Technicals: XLM/USD bearish trend intact, hits multi-month lows at 0.06542
07:33
Russian firm ICORating settles $270K fine with SEC for concealing ICO touting payments
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft