BTC, EOS, TRX Price Prediction: Signals of Bullish Continuation on the Market

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    Have the bulls capitulated against the bears in a short-term projection?

BTC, EOS, TRX Price Prediction: Signals of Bullish Continuation on the Market
Cover image via www.tradingview.com

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

The cryptocurrency market is finishing the week with uncertainty. While the local bullish trend is coming down, the bears have not seized on the initiative.

Top 10 coins by Coinstats

Below is key information for Bitcoin (BTC), TRON (TRX), and EOS (EOS).

Name

Ticker

Market Cap

Price 

Volume (24H)

Change (24H)

Bitcoin

BTC

$130,321,075,014

$7,199.61

$16,429,165,274

-1.10%

EOS

EOS

$2,457,267,694

$2.60

$1,194,351,177

-1.03%

TRON

TRX

$941,714,405

$0.014122

$958,682,797

-0.84%

BTC/USD 

The 1H time frame shows a breakdown of the ascending channel's lower boundary, after which the price is likely to visit a three-week low of $7,072 and then the psychological level of $7,000. 

BTC/USD chart by TradingView

The likelihood of such a scenario will increase if the relative strength index (RSI) supports line crashes. 

 

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The overall picture will remain bearish until the $ 7,870 mark (reached on November 29th) is passed.

At press time, BTC is trading at $7,146.

EOS/USD 

The bulls could not hold the rate of EOS at its resistance level, pushing the price down to $2.59.

EOS/USD chart by TradingView

Looking at the 4H chart, the short-term bullish mood is coming down as the bears are soon about to seize on the initiative. This is confirmed by the lines of the Moving Average Convergence/Divergence (MACD), which will switch to a bearish trend soon. In this case, the nearest support mark will be the at $2.55. 

At press time, EOS is trading at $2.5987.

TRX/USD 

Our recent TRON price forecast came true as the rate rolled back and touched the expected $0.135.

TRX/USD chart by TradingView

According to the chart, the RSI indicator bounced off the oversold area and is currently moving upward. What is more, there is a high trading volume index located around the $0.015 resistance mark. If the volume remains at its previous levels or potentially increases, then that mark might be achieved through the end of the current year.

At press time, TRX is trading at $0.01420.

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About the author

With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and make predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing & ICO Advisory, ATB Coin, and others.

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