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The cryptocurrency market was opened today, on 9 November, in almost all the cryptocurrencies that have seen red. Popular cryptocurrencies like Bitcoin [BTC], Ethereum [ETH] and Tron [TRX] everyone saw a fall in prices after a few days of price increases. At the time of writing, there was a systematic fall in the cryptocurrency spectrum.
1 hour:
The Tron graph of an hour shows the cryptocurrency that forms a triangle with the upward trend and the downtrend that act as slopes. The price hike saw the price rise from $ 0.0232 to $ 0.0247, while the downtrend saw Tron fall from $ 0.0248 to $ 0.023. Immediate resistance was $ 0.0248, while support remained at $ 0.0215.
The Parabolic SAR indicates the fall in prices which is evidenced by the fact that the markers are above the candles. This trend has been persistent for over 24 hours.
The Chaikin cash flow indicator shows the graph right on the axis, which still puts the cryptocurrency in the bullish zone. The fall from the top of the chart also indicates the money that comes out of the market due to the change in investor sentiments.
1 day:
The one-day Tron chart shows the currency undergoing a sharp downtrend that bought the price from $ 0.0571 to $ 0.0231. Support for cryptocurrency reached $ 0.0182.
The Bollinger band shows the dominant lateral movement as indicated by the rigid tube as the formation of the upper band and the lower band. Compared to the previous breakouts, Bollinger's clouds have a significantly reduced size.
The Awesome Oscillator showed a drastic reduction in market momentum with the almost negligible graph now. The immediate green markers indicate an excursion into momentum.
Conclusion
The indicators mentioned above underline the persistent tendency to the lateral movement of prices. Chaikin's Money Flow indicators, on the other hand, show a positive change in investor sentiments.
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