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The cryptocurrency market, after seeing a huge growth, has been seen bleeding. Tron [TRX], the ninth largest currency, has bled and has registered itself as the best loser among the major currencies.
At the time of the press, TRX was valued at $ 0.0234, with a market capitalization of $ 1.5 billion. The 24-hour trade volume of the currency was noted at $ 290 million, with a decline of 8.65% from the previous day. TRX has observed an overall growth of 4.61% compared to last week, which is much lower than that recorded a few days ago. The currency continues to lose 0.17% in the last hour.
1 hour
Source: trading view
According to the diagram of an hour, the currency observed an uptrend from $ 0.0239 to $ 0.0328 after which it started to fall. The currency marked a downtrend from $ 0.0328 to $ 0.0238. The coin sank as much as it grew. TRX scored resistance at $ 0.0264, while support was noted at $ 0.0235.
Awesome Oscillator provides a bullish market that is gaining momentum.
Chaikin cash flow indicates a bearish trend as the marker is below zero.
Bollinger bands seem to diverge, increasing market volatility. The moving average line is above the sticks, indicating a bearish market.
1 day
Source: trading view
The one-day currency chart observed a massive downtrend from $ 0.0338 to $ 0.0247, which continued up to $ 0.0132. The currency recorded a significant uptrend from $ 0.0216 to 0.0287. The currency broke the previous resistance at $ 0.0287 and scored support at $ 0.0119.
Parabolic SAR indicates a bullish market, with indicators aligned under the candles.
MACD the line is above the signal line, indicating a bullish market.
Relative strength index indicates that buying and selling pressures give each other night.
Conclusion
As with the Awesome Oscillator, MACD and Parabolic SAR indicators, the market is considered bullish. However, Bollinger Bands and Chaikin Money Flow predict an ongoing bear market.
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