[ad_1]
Latest news Tron
Recent events confirm that Bitcoin is king and has a magnifying effect on altcoin prices. A mere 12% fall in BTC was enough to double the losses in TRX, causing prices to fall below significant levels of support.
Now, unless otherwise, Tron needs CoinBase more than ever. The exchange of cryptocurrencies in California is gradually shifting its position, increasing the number of coins after receiving $ 300 million in an E Series funding led by Tiger Global Management, with the participation of Y Combinator Continuity, Wellington Management, Andreessen Horowitz, Polychain and others evaluating the exchange at more than $ 8 billion.
We are pleased to announce our latest round of financing, led by Tiger Global Management. We plan to accelerate our global expansion and investment in the use of encryption, always working to create a more open financial system for the world. Further information: https://t.co/JzGlMGLjaC
– Coinbase (@coinbase) October 30, 2018
Although their chief operating officer, Asiff Hirji, said they "do not need the funds", their campaign to lead the mass adoption of cryptocurrencies requires funds for the development of the necessary technical infrastructure, facilitating transactions between fiat and crypto more when the support of the coins increases.
ZRX is now available at https://t.co/bCG11KveHS and in the Coinbase iOS and Android apps. Coinbase customers can now access to purchase, sell, send, receive or store ZRX. https://t.co/kzDisSZrFu
– Coinbase (@coinbase) October 16, 2018
Although they have listed BAT and ZRX among the five coins in exploration, investors around the world expect CoinBase to offer support for TRX and XRP. After all, Tron satisfies the exchange listing framework because it is liquid, decentralized and with a work platform. In fact, as reported by Ethereum World News, the platform has launched a DEX on TronScan.
everyone saw the DEX card on Tronscan !!!!! @WLFOFMYST @thacryptomaniac @curtiskitchen
– Matthew Fetzer (@thefetztizzle) November 8, 2018
Furthermore, there have been no reports of regulatory hitches that would have caused friction with regulators anywhere in the world.
TRX / USD price analysis
After a difficult week that saw the TRX / USD slip by 18 percent over a week on a weekly basis, prices are now stable and increase by three percent in the last day. However, the recovery is not a step for higher highs, as we expect further merges now that TRX / USD is trading below important levels of support.
Trend: bearish
Apart from the consolidation and highest highs recorded from August to September, TRX / USD is bearish. This has been the trend in the last 10 months solid and bears show no signs of slowing down.
Volumes: bearish and growing
In a bear market, several chandeliers are evident: the bear breakout bar of 24 June which recorded 9.6 million daily volumes, 5 September bar that rejected maximums higher than 3 cents with volumes of 29 million over 19 million , November 11 bars that rejected the breaks above 3 cents for the second time in two months with 44 million against 25 million on average and 14 nov bar below the bear flag and confirming sales to 43 million against an average of 9 million. Note that for each refusal of 3 cents the volume increases culminate in the break of November 14th below the three-month bear flag.
Candlestick training: Bear Breakout, Bear Flag
The highest highs since August with the 3-cent caps have completed a bear flag. All of this was printed inside a bear break-out model launched by 24 June and falling below 4 cents. From the previous TRX / USD commercial plans, we reiterated the importance of the bulls that close above the 3 cents or the highs of Sep.
It was the only way for the bulls to assert their influence. However, losses since November 4 have generated the much needed momentum for the November 14 break below the bear's flag.
Conclusion
Too much, the cryptography market is struggling with deep losses and TRX / USD is no exception. After the bears broke below 2 cents with high trading volumes, they canceled our previous bullish position by putting aggressive sellers on the move who were aiming for 1.5 cents. On the other hand, conservative traders should wait for clean breaks below the main support of 1.5 cents before selling to shoots with the first targets at the 25 January lows.
All graphics courtesy of Trading View
This is not an investment tip. Do your research
[ad_2]Source link
