Copy link
Increase text size
Decrease text size
Link copied

Crypto Technicals: TRX/USD breaks above 55-EMA, eyes 23.6% Fib at 0.018610

Wed, 09 Oct 2019, 10:21 am UTC

TRX/USD chart - Trading View

Exchange - Bitfinex

Support: 0.0167 (55-EMA); Resistance: 0.0186 (23.6% Fib)

Technical Analysis: Bias slightly bullish

TRON (TRX) is extending recovery from 2019 lows at 0.011744, bias has turned slightly bullish.

TRX/USD has broken above 55-EMA, was trading 0.06% higher on the day at 0.017010 at 10:10 GMT.

Momentum studies on the intraday charts are bullish. RSI is above 50 and biased higher.

Price action has pierced into daily cloud, bullish 5-DMA crossover on 20-DMA supports gains.

Major and minor trend have turned bullish on the 4H charts, price has broken above 4H 200 SMA.

Bullish divergence keeps scope for upside, next major bull target lies at 23.6% Fib at 0.018610.

TokenPost | [email protected]

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
More
  • Bitcoin (BTC) $9,647.96 (-2.80%)
  • Ethereum (ETH) $248.99 (-6.52%)
  • XRP (XRP) $0.224600 (+0.84%)
  • Bitcoin Cash (BCH) $381.55 (-12.47%)
  • Bitcoin SV (BSV) $268.83 (-12.69%)
  • Bitcoin (BTC) $9,647.96 (-2.80%)
Feb 17, 2020 (Monday)
13:02
Crypto asset custodian Copper raises $8M in Series A round
12:06
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
12:05
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
11:58
CFTC sues Colorado resident with fraud in crypto-related Ponzi scheme
11:22
Crypto Technicals: ETH/USD slips below 5-DMA, 'Golden Cross' to limit downside
11:15
Central Bank of The Bahamas to roll out CBDC in H2 2020
10:45
Stellar Development Foundation joins Blockchain Association
10:21
Dubai Multi Commodities Centre to launch blockchain-based sugar trading platform
10:20
Crypto Technicals: BTC/USD holds 21-EMA support, break below could see further weakness
09:22
Binance applied for an operating license in Singapore, CEO confirms
07:23
IOHK establishes new research lab at University of Wyoming
06:53
Chinese forex regulator SAFE’s blockchain cross-border financing pilot continues expansion
05:14
Blockchain social media platform Steemit to migrate to TRON network
Feb 14, 2020 (Friday)
13:11
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
13:11
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
12:24
Israel’s stock exchange partners with Edinburgh-based startup for its Blockchain Securities Lending platform
11:48
Blockchain insurance startup B3i completes 30 reinsurance contracts on its platform
11:47
Crypto Technicals: TRON (TRX) confirms 'Golden Cross' on the daily charts, eyes 61.8% Fib at 0.0297
11:04
Crypto investment firm Galaxy Digital lays off 15% of its workforce
10:18
Circle now seeks to sell off crowdfunding unit SeedInvest: Report
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft