PLUS1
| Name | Symbol | Market | Market Cap ($) | Algorithm |
|---|---|---|---|---|
| TRON | TRXUSD | Crypto | 6,393,630,223 | Not Mineable |
| Price Change | Price Change % | Current Price | Bid Price | Offer | |
|---|---|---|---|---|---|
| -0.001289 | -1.83% | 0.069191 | 0.069099 | 0.069129 |
| High Price | Low Price | Open Price | Prev. Close | 52 Week Range |
|---|---|---|---|---|
| 0.071174 | 0.06828 | 0.07064 | 0.07048 | 0.046815 - 0.129271 |
| Exchange | Last Trade | Size | Trade Price | Currency |
|---|---|---|---|---|
| KRKN | 22:28:50 | 7,566.21 | 0.069191 | USD |
TA: Bitcoin Price Remains In Range, Why The Bulls Need To Take Control
26/05/2022 4:08am
NEWSBTC
Bitcoin retested the key $28,500 support zone against the US Dollar. BTC is rising and the bulls might aim a clear move above the $30,600 resistance. Bitcoin is trading in a major range below the $30,600 resistance zone. The price is now trading near the $29,800 level and the 100 hourly simple moving average. There is a crucial bearish trend line forming with resistance near $29,950 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain pace if there is a clear move above the key $30,600 resistance zone. Bitcoin Price Remains Supported Bitcoin price remained well bid above the $28,500 support zone. There was a fresh increase initiated from the $28,635 swing low and the price climbed above $29,000. There was a break above the $29,500 resistance zone and the 100 hourly simple moving average. The price even climbed above the $30,000 level, but there was no upside continuation. A high was formed near $30,188 and the price is now consolidating gains. Bitcoin is trading near the $29,800 level and the 100 hourly simple moving average. There was already a test of the 50% Fib retracement level of the upward move from the $28,635 swing low to $30,188 high. An immediate resistance on the upside is near the $29,950 level. There is also a crucial bearish trend line forming with resistance near $29,950 on the hourly chart of the BTC/USD pair. The next major resistance is near the $30,180 level. Source: BTCUSD on TradingView.com The main resistance is still near the $30,600 zone. A clear move above the $30,600 resistance level might start a strong increase. In the stated case, the price may perhaps clear the $31,200 resistance zone. Fresh Decline in BTC? If bitcoin fails to clear the $30,180 resistance zone, it could start another decline. An immediate support on the downside is near the $29,400 level. The first major support is near the $29,250 level. It is near the 61.8% Fib retracement level of the upward move from the $28,635 swing low to $30,188 high. A downside break below the $29,250 support might send the price further lower. The main support is still near the $28,500 level. Technical indicators: Hourly MACD – The MACD is slowly gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $29,400, followed by $29,250. Major Resistance Levels – $29,950, $30,180 and $30,600.
1 Year TRON Chart |
1 Month TRON Chart |
