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After the great fall of all cryptocurrencies at the start of this month, the market seems to be doing well in the bear market. Cryptocurrencies like Ethereum [ETH], Moreno [XMR], Litecoin [LTC] and Tron [TRX] they have begun to show signs of recovery and a better immunity to bear attacks.
According to CoinMarketCap, at the time of the press, Tron was trading at $ 0.0131 with a market capitalization of $ 869.94. The cryptocurrency shows a trading volume of $ 60.54 million and over the last seven days has seen an increase of over 1%.
1 hour
Tron hourly price chart | Source: trading view
In the one-hour chart, cryptocurrency shows a downtrend from $ 0.0152 to $ 0.0137. Imagine also an uptrend from $ 0.0122 to $ 0.0131. The chart shows that the currency will first have to overcome the immediate resistance, which is at $ 0.0133, to reach the strong resistance at 0.0147. Immediate support is set at $ 0.0131 and strong support is $ 0.0122.
The Parabolic SAR indicates a & # 39; bearish wave when the points are aligned above the candlesticks, with the intention of pushing it downwards.
Chaikin cash flow is currently showing an uptrend as the line is above the zero point. However, the indicator is depicted as it heads towards the side of the bear.
Bollinger bands they are depicted by separating one from the other, foreseeing a more volatile market.
1 day
Tron day price chart | Source: trading view
In the one-day chart, the coin shows a downtrend from $ 0.0498 to $ 0.0247. Register another fall from $ 0.0226 to $ 0.0135. The upward trend for cryptocurrency ranges from $ 0.0120 to $ 0.0132.
The graph also shows that immediate resistance has its base at $ 0.0137 and the strong resistance at $ 0.0247. Support for cryptocurrency is $ 0.0118
MACD It is showing an uptrend as the moving average line is only crossover to go up.
Klinger Oscillator, however, he chose to take the opposite direction as the reading line made a bearish crossover.
RSI is showing that the buying pressure and the selling pressure for the currency are currently leveled.
Conclusion
The bull and the bear engaged a fight, with both of them having equal points. The bull won the MACD from the one-day chart and the CMF from the graph game an hour. The bear, on the other hand, won the Klinger Oscillator and the satellite dish SAR.
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