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TRON {TRX}, Cardano {ADA} price prediction 2019

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According to the candlestick chart connected to the TRX/USD pair on tradingview [based on data obtained from the Bitfinex Exchange], sellers are currently in control of TRON and may bring down the price towards $0.017 by the end of this week. For the past 5 days, the MACD line has ventured closer to the signal line, thereby causing the emerald histogram to shrink and appear faded, which can be construed as good news for sellers.

The daily RSI [for 14 periods] has been more-or-less stable and sits at 60.28 indicating that $TRX, albeit neutral, ain’t too far away from overbought territory. However, growth might be a pipe-dream, as the final 2 peaks tied to the Awesome Oscillator both bore the brown shade, which points towards the rise in terms of bearish impact.

In accordance with the candlestick chart linked to the ADA/USD pair on tradingview [based on data drawn from the Bittrex Exchange], the bears are trying desperately to take over, although the buyers are fighting back as well. The mark of resistance lies near $0.04461, and support can be found adjacent to $0.03983876. The daily RSI [for 14 periods] is at 53.68 which indicates that Cardano is marching through the neutral zone.

From 30th October onwards, the gap between the MACD line and the signal line has decreased. This ensured that the green histogram became gradually smaller. Since 31st October, the peaks associated with the Awesome Oscillator were brown, which signifies that bears may be back in action and initiate further losses.

TRON is positioned at #11 in the market. The trading volume recorded stands at approximately $812.068 million. The total market cap of TRON amounts to $1.317 billion as of this very moment. The price declined slightly, at a rate of 0.50% in the course of the past 24-hours; this, in turn, caused $TRX to sink all the way down to the $0.019763 mark where it presently rests.

Cardano is ranked at #12 in the market. The trading volume recorded stands at roughly $40.133 million. The total market cap of Cardano is $1.092 billion for now. The price depicted a slight drop that occurred in the course of the past 24-hours; after losing 0.12% of its original price, $ADA headed down to $0.042123.

Disclaimer - OBN is an informational website which aims to give the latest blockchain related news to the readers. Articles on OBN should not be considered as investment advice. Trading cryptocurrencies is a high-risk investment, every user is advised to consult an expert before making any decisions.