Technical analysis XRP (XRP), Ethereum (ETH) and Tron (TRX) – September 23 – Crypto Recorder



XRP (XRP) is still the most upward cryptos at the moment, although it has risen slightly due to profit taking. Looking at XRP (XRP) in the next 24 hours, there is a good chance that it will outperform the market. This is because, in the daily chart, it is still trading above a key resistance level, the 200-day moving average at $ 0.54, even after loosing the huge gains obtained in 20 th and in 21 st in September.

Basically, if you hold yourself above this level for the next for the next 4-6 hours, it would be a sign that the bulls have control of the market. For a low-risk purchase item, it would be best to wait until XRP (XRP) does not exceed the last intra-day maximum of $ 0.627. A push above this would be confirmation of going long, with a goal of $ 0.789. This is the last high point in the last 24 hours, one that could offer some resistance during the day. However, if during the day, XRP breaks below $ 0.540 and falls below $ 0.530, it would be more prudent to go short, with a target of $ 0.485. This is the next level of key support, along the 55-day moving average.

Ethereum (ETH)

After making huge gains yesterday, Ethereum (ETH) rose slightly, from a maximum of $ 254.97 at its current price, to around $ 239- $ 240. But at a glance to the charts of the day, it is clear that Ethereum (ETH) is still bullish. This is because it traded above the 21-day moving average, a level that served as a key resistance point at $ 222.50. The fact that it remained above this price level during the day, despite the retracement of today's prices, is an indicator that could increase. For those looking to buy in Ethereum (ETH), it would be best to wait until it pushes above the maximum of $ 255.13.

This would be confirmation that the bulls have control, and it would be a signal to go long with a target of $ 289. This is the next highest resistance level in the one day chart, 55 day moving average. However, if in the next 6-12 hours Ethereum (ETH) fails to exceed the 21-hour 24-hour moving average at $ 241.15, and falls below the day low of $ 232.93, it would be a clear signal to go short, with a target of $ 227. This is the 55-day moving average support level in the 1-hour chart. A break below this level could see Ethereum (ETH) fall to $ 216.48, on the 200-day moving average, which is a key support level, from which it could bounce. But if the overall market volumes decreased during the day, Ethereum could exchange a range of around $ 241.39 and $ 235 for the next 24 hours.

Tron (TRX)

Tron (TRX) was one of the biggest gainers during yesterday's market pump. During the day, it hit a maximum of $ 0.0262, but has since been traced, and is now trading at around $ 0.02267. For an intra-day trade, Tron (TRX) appears to be slightly bearish. This is because during the day it fell below the 21-day moving average at $ 0.024 and looks set to hit the 55-day moving average at $ 0.0222. A break below this level could see $ 0.0209 testing on the 100-day moving average on the 1-hour chart. For a trader looking to go short on Tron (TRX), it would be better to wait until he fell below $ 0.0222, then make an exchange with a target of $ 0.0209.

However, if Tron (TRX) hits $ 0.0222 and reverses, it would be more prudent to wait until it exceeds $ 0.023, then go long with a goal of $ 0.026. This is the last maximum of the day, one that could offer significant resistance throughout the day.

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