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The cryptocurrency market has undergone a tumultuous run with the proverbial ball in the bear court. Popular cryptocurrencies like Bitcoin [BTC], Ethereum [ETH] and Tron [TRX] everyone is taking a bullish peak right now in a general bearish atmosphere.
1 hour:
The Tron of a day [TRX] the chart shows an upward trend and a downward trend that has designed the price movement. The uptrend has seen prices rise from $ 0.0224 to $ 0.0248, while the downward trend has seen the price drop from $ 0.0248 to $ 0.0232. Support for cryptocurrency reached $ 0.0215.
The Parabolic SAR it was a mix of bearish and bullish signals with the current scenario that leans on the bear. The slide from the peak of Tron's prices was marked by bearish drops indicated by the markers above the price candles.
The Relative strength index it is oriented towards the oversold area, indicating that the sales pressure is higher than the purchase pressure.
1 day:
The one-day chart shows an acute downtrend with the price of BCH falling from $ 0.0499 to $ 0.0249. Long-term cryptocurrency support reached $ 0.018.
The MACD indicator shows a flattened histogram, a sign of the lack of volatility in the market. The signal line and the MACD line move like a joint pair indicating a lateral price movement.
The Chaikin cash flow The indicator shows the graph exactly on the axis, which is a sign of the balance between the money coming out of the market and the inflow.
Conclusion
The indicators mentioned above indicate a non-volatile price movement of Tron which may contain slight increases and decreases in price. CMF, RSI and MACD all point to a break in a market where the bear has become dominant again.
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