Connect with us

Hi, what are you looking for?

ELEVENEWS

Ethereum

Ethereum [ETH] and Tron [TRX] Price Analysis: ETH rides bull wave while TRX follows suit

Ethereum [ETH] fell by 9.36% over the last 24 hours. The partnership with Bosch might bring some relief to ETH in the future. The second largest coin was priced at $230.09, with a market cap of $24.4 billion. The 24-hour trade volume came up to be $16.7 billion out of which, EXX contributed 3.23% via ETH/USDT pair.

Tron, which recently launched new privacy features called zk-SNARKs, was priced at $0.0256 with a market cap of $1.7 billion. The ‘Ethereum Killer’s’ 24-hour trading volume was $910 million out of which, OKEx contributed 8.35% via TRX/USDT pair.

1-Day ETH

The one-day chart for ETH showed an uptrend from $178.23 to $263.09. The support points stood at $83.89, $127.34, $146.53 and $180.38.

The Chaikin Money flow indicator showed a bullish trend as the flow of capital into the market was more than the outflow.

The MACD indicator showed a bullish crossover.

The Relative Strength Index also showed a bullish trend since buying pressure was overpowering selling pressure.

1-Day TRX

The one-day chart for TRX showed an uptrend from $0.012 to $0.023.

The Parabolic SAR showed a bullish trend as the dotted markers were formed under the candlesticks.

The Chaikin Money Flow indicator showed a bullish trend as the CMF indicator stood over the zero line, indicating the flow of capital into the market being more than the outflow. However, since the CMF was falling, a reversal in trends may be expected.

The Awesome Oscillator indicator suggested short term momentum being greater than the long term momentum, indicating a bullish trend.

 

Source/ambcrypto

Advertisement

You May Also Like

Libra

Ripple CEO Brad Garlinghouse is adamant that Facebook’s unveiling of its Libra cryptocurrency will lead to big business for his banking software and cryptocurrency...

Ripple

When thinking about investing in Ripple (XRP), the digital coin that runs on the Ripple’s payment blockchain system, traders ought to consider what function Ripple might play...

Criptodivisas

(PRLEAP.COM) Superior Coin, a global Cryptocurrency company (www.superior-coin.com), announced today the unique use of it’s blockchain technology in regards to privacy, and security. With...

Ripple

Many of the investors are looking for cryptocurrencies which can actually rise significantly in 2018. Most of the investors are looking at the lesser...

Copyright © 2020 Elevenews