HomeTodays NewsEthereum [ETH] vs. Tron [TRX] Price Analysis: ETH rides bull wave while TRX tags along
Ethereum [ETH] vs. Tron [TRX] Price Analysis: ETH rides bull wave while TRX tags along
May 17, 2019
With the price rise of Bitcoin, the crypto-market has done well. Ethereum is holding a strong position at number two. The price of ETH stood at a price of $254.04, with a market cap of $26 Million. TRX stood at the eleventh position and was priced at $0.9105, with a market cap of $1.755 Million.
Resistance line for the crypto stood at $251.05 and the support line was at $100.11. The downtrend line started from $823.87 and goes all the way down to $252.99. The uptrend line started from $85.98 to 105.23 and the second uptrend line started at 105.23 to 153.66.
The Bollinger Bands indicator showed expanding bands, implying a surge in volatility.
The Awesome Oscillator indicated bullish buying opportunity and showed that the short-term momentum was rising faster than the long-term momentum.
The Relative Strength Index crossed the 70 line mark, indicating high buying pressure in the market.