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Tron [TRX/USD] Technical Analysis: Justin Sun’s cryptocurrency fails to jump out of the bear pit


Tron [TRX] has been a consistent member of the updates and developments club with the Justin Sun-led company being at the forefront of multiple announcements. As the cryptocurrency market continues to remain bearish, a majority of the popular cryptocurrencies like Bitcoin [BTC], XRP and Ethereum have also taken a tumble in terms of prices and investor sentiments.

1-hour:

The one-hour chart for Tron shows the sideways movement taking a toll on the price as the market dwindles. The recent downtrend resulted in the price dropping from $0.031 to $0.0267. The support has been holding at $0.024 while the resistance is at $0.031.

The Relative Strength Index is currently in the middle of the graph with tiny fluctuations during regular intervals. The hold in the middle signifies an almost equilibrium phase of the buying pressure and the selling pressure.

The Awesome Oscillator displays a sporadic rise and fall of the charts. This varying degree of movement is reflective of the volatile…



Read Full Story : AMBCrypto

2019-02-02 23:30:32

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