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The entire cryptocurrency market witnessed yesterday's fury, with the result that several currencies were severely injured. However, the market is currently showing signs of recovery from the trauma as most of the coins are covered in green.
According to CoinMarketCap, at the time of printing, Tron [TRX] it was trading at $ 0.0266 with a market capitalization of $ 1.77 billion. The currency has a trading volume of $ 849.85 million and has increased by over 31% in the last seven days.
1 hour
Tron hourly price chart | Source: trading view
In the one-hour chart, the currency shows a downtrend from $ 0.0328 to $ 0.0282 and from $ 0.0282 to $ 0.0271. The uptrend for the currency is $ 0.0205 to $ 0.0251, and continues to move upward to stop at $ 0.0269. The immediate resistance to cryptocurrency is $ 0.0283 and the strong resistance is $ 0.0329. However, immediate support is set at $ 0.0251 and strong support is $ 0.0204.
Bollinger bands it is expecting a less volatile market for the currency, as the bands are shrinking on the market.
Chaikin cash flow he is showing a bullish wave as money has begun to flow into the money market.
Parabolic SAR it is also on the same terms as the points are seen lined up under the candelabras.
1 day
Tron day price chart | Source: trading view
The one-day chart shows a downtrend from $ 0.0807 to $ 0.0287 for cryptocurrency. The uptrend for the currency is recorded from $ 0.0120 to $ 0.0129 and $ 0.0132 to $ 0.0193. The immediate resistance for the currency is set at $ 0.0287 and the strong resistance is set at $ 0.0397. The cryptocurrency found its immediate support at $ 0.0186 and its strong support at $ 0.0118.
MACD is recording the moving average line above the signal line after a crossover, predicting the return of the bull.
Klinger Oscillator it is also foreseeing a strong bullish presence as the reading line and the signal line had a crossover, with the reading line that decided to go back to the north.
RSI is showing that the buying pressure and sales pressure for cryptocurrency are currently leveled on the market.
Conclusion
After hours from the presence of the bear, the cryptocurrency has finally started to return to the bull's side. The currency is pushed forward by Parabolic SAR, and CMF by an hourly chart and MACD, and Klinger Oscillator by the one-day chart.
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