Tron, Ethereum Classic, Dash Price Analysis: 13 September

Tron, Ethereum Classic, Dash Price Analysis: 13 September. Akashnath. Published. 13 mins ago. on. September 13, 2020.

Bitcoin surged above its $10,400 resistance recently, in a move that could have a positive impact on the rest of the market. However, evidence of BTC being moved into exchanges might mean that there is another wave of selling pressure to be seen. Tron stagnated beneath a retracement level after a huge move upwards at the beginning of September. Further, Ethereum Classic appeared to have hit a local bottom and has been recovering since. On the contrary, Dash showed bullish momentum in the near-term.

Tron [TRX]

Tron, Ethereum Classic, Dash Price Analysis: 13 SeptemberTron, Ethereum Classic, Dash Price Analysis: 13 September

Source: TRX/USDT on TradingView

TRX was valued at $0.032, at the time of writing. It was trading just beneath $0.033, a zone that represents the 50% retracement level of its surge from August’s lows of $0.0175 to highs of $0.0499.

The Fibonacci Retracement tool highlights some levels of support and resistance for TRX in the near-term. The support lay at $0.0299, while resistance was found to be at $0.0375.

The Parabolic SAR was giving a sell signal, with the indicator’s dotted markers well above $0.033. This showed that TRX was bearish, at press time, and might exhibit bullishness only if it reclaimed the resistance level or recovered strongly from the support at the $0.029 level.

The news that TRON had entered into a strategic partnership with 1inch, a decentralized exchange (DEX) aggregator, did not seem to have had a positive impact on TRX’s price.

Ethereum Classic [ETC]

Tron, Ethereum Classic, Dash Price Analysis: 13 SeptemberTron, Ethereum Classic, Dash Price Analysis: 13 September

Source: ETC/USD on TradingView

Ethereum Classic exhibited bullish signs as the MACD indicator suggested that the $5.52 level was the possible bottom for ETC during its recent drop.

The indicator formed a bullish crossover as ETC defended the support level of $5.52. The indicator in question continued to show bullishness, at the time of writing.

The next important level of resistance for the crypto-asset lay at $6.7.

A few days ago, Dexaran presented a solution to the Ethereum Classic community to prevent further 51% attacks after the blockchain suffered three such separate attacks in the month of August alone.

Dash [DASH]

Tron, Ethereum Classic, Dash Price Analysis: 13 SeptemberTron, Ethereum Classic, Dash Price Analysis: 13 September

Source: DASH/USD on TradingView

DASH had moved above its resistance level at $78, at the time of writing. It was also trading above its 20 SMA (white). The 20 SMA had also crossed above its 50 SMA (yellow) to highlight recent bullishness in the market.

The Awesome Oscillator also suggested that momentum remained in the hands of the bulls over the past few days.

The moving averages can be expected to act as support. DASH can use the positive momentum to climb to the next level of resistance at $85.

XRP, Cardano, Ethereum Classic Price Analysis: 11 September

Altcoins tend to mirror the price action of Bitcoin and such was the case in the past week. Most coins across the crypto market did note substantial …

Altcoins tend to mirror the price action of Bitcoin and such was the case in the past week. Most coins across the crypto market did note substantial losses as the price of Bitcoin dipped below $10k momentarily. However, in the past few days, altcoins such as XRP, Cardano, and Ethereum Classic seem to be in a period of consolidation with a lot of sideways movement.

XRP

Source: XRP/USD, TradingView

XRP’s price fell at the start of the month and is currently being traded at $0.240 and has noted a market cap of $10.8 billion. Since the price drop, the coin has been stuck between its $0.248 and $0.230 price range. At press time the coin is testing the support at $0.239.

The EMA ribbons for the coin have now settled just above the current trading price and are likely to offer resistance to the coin’s upward movement. The Stochastic indicator shows bearishness as it now finds itself in the oversold zone.

Cardano [ADA]

Source: ADA/USD, TradingView

Cardano did show signs of a recovery run but has had to endure a fate similar to that of XRP. At press time the coin is being traded at $0.0937 with a 24-hour trading volume of over $1 billion. For Cardano, there is considerable resistance at the $0.100 price point and if the price were to see another drop, the support at $0.088 may come in handy.

The Bollinger Bands show a drop in volatility as the bands have contracted significantly. The MACD indicator underwent a bullish crossover but may see a reversal soon. In terms of developments based news for the coin, it was recently reported that during a recent AMA, Charles Hoskinson, the CEO of IOHK, discussed the firm’s plans to move into the decentralized finance [DeFi] space.

Ethereum Classic [ETC]

Source: ETC/USD, TradingView

Ethereum Classic currently occupies the 31st spot on CoinMarketCap’s list and is currently being traded at $5.6. At press time the coin is close to testing its immediate resistance at $5.7 and has a strong support at $5.3. In order for ETC to register a full recovery after this month’s losses, it will have to overcome the resistance at $6.9.

The EMA ribbons after having settled above the coin’s current trading price is now offering significant resistance. The RSI indicator shows bullish sentiment as it now heads towards the overbought zone.

Ethereum Classic Price Changed by 0.89 percent. Scam Ethereum Classic or not?

As at 2020-09-12 average Ethereum Classic price is $5.22, 0.000504 BTC, 0.014052 ETH. Ethereum Classic ETC/USDT on Binance exchange is 5.17 …

As at 2020-09-12 average Ethereum Classic price is $5.22, 0.000504 BTC, 0.014052 ETH.

Ethereum Classic ETC/USDT on Binance exchange is 5.17 USD. The trading volume on Binance is 4538484.00 USD.

At the same time Ethereum Classic ETC/USD on Coinbase Pro exchange is 5.82 USD. The trading volume on Coinbase Pro is 972053.00 USD.

Ethereum Classic ETC/USDT on Gate.io exchange is 5.18 USD. The trading volume on Gate.io is 159437.00 USD.

Ethereum Classic ETC/USDT on Binance US exchange is 5.17 USD. The trading volume on Binance US is 3147.67 USD.

Ethereum Classic ETC/USDT on OKEx exchange is 5.18 USD. The trading volume on OKEx is 5470695.00 USD.

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24 hour trading volume is $431 844 990.64 or 41 714.41 BTC. At the same time Ethereum Classic market capitalization is $607 420 301.00 or $58 674.00 BTC.

Ethereum Classic average change within 24 hour is 0.89 percent against USDT, 0.29 against BTC, -0.47 against ETH. Weekly report: -0.42 percent against USD, -1.12 against BTC, -4.75 against ETH. Monthly report: -22.43 percent against USD, -13.36 against BTC, -17.71 against ETH.

Bitcoin, Ethereum and Altcoins Correcting Gains

Bitcoin cash, chainlink and XRP price. Bitcoin cash price is stable above the USD 280 support, but it is struggling to gain pace above USD 285 and USD …

Bitcoin price extended its upward move above the USD 11,800 resistance. BTC even climbed above USD 12,000 before starting a downside correction. It is currently (08:30 UTC) trading above USD 11,650, but the main support is near the USD 11,550 level.

Similarly, most major altcoins are correcting lower after a strong increase, including ethereum, XRP, litecoin, bitcoin cash, EOS, TRX, XLM, LINK, and ADA. ETH/USD surged close to the USD 490 level before retreating lower below USD 280. Likewise, XRP/USD spiked above USD 0.300 before diving below the USD 0.295 support.

Total market capitalization

Bitcoin, Ethereum and Altcoins Correcting Gains 101
Source: www.tradingview.com

Bitcoin price

After an upside extension, bitcoin price failed to stay above the USD 12,000 resistance. BTC started a downside correction and traded below the USD 11,850 support. It is declining towards the USD 11,650 support level. The main support on the downside is near USD 11,550, below which the price might decline towards the USD 11,200 support.

Conversely, the price might start a fresh upward move as long as it is above USD 11,650 and USD 11,550. The main hurdle for the bulls is still near the USD 12,000 level.

Ethereum price

Ethereum price extended its rally above the USD 460 and USD 480 levels. ETH price traded close to the USD 490 level before starting a sharp decline. There was a correction below the USD 480 and USD 475 levels.

The first major support is near the USD 465 level, below which the bears might test the USD 450 support. On the upside, an initial resistance is near USD 480, above which the price could retest the USD 490 zone.

Bitcoin cash, chainlink and XRP price

Bitcoin cash price is stable above the USD 280 support, but it is struggling to gain pace above USD 285 and USD 288. The key hurdle for the bulls is still near the USD 300 level. If there is no upside break, BCH might start a fresh decline below the USD 275 support.

Chainlink (LINK) faced a strong selling interest near the USD 16.50 level. The price is currently declining and trading below USD 16.00. If there are more losses below USD 15.50, there is a risk of a larger decline below the USD 15.00 support. On the other hand, the price must settle above USD 16.00 and gain pace above USD 16.50 to start a sustained upward move.

XRP price followed a bullish path above the USD 0.295 resistance. The price even surged above the USD 0.300 level before facing resistance near USD 0.304. Recently, there was a sharp decline below USD 0.298 and USD 0.295. It seems like the price might soon retest the key uptrend support at USD 0.285.

Other altcoins market today

In the past three sessions, a few smaller altcoins gained over 5%, including YFII, KSM, TRX, BNB, BAND, CELO, GNT, and QTUM. Conversely, BZRX, AMPL, UMA, YFI, ANT, SNX, SRM, NXM, COMP, and SXP are down more than 10%.

To sum up, bitcoin started a downside correction after testing the USD 12,000 resistance zone. BTC is likely to remain stable and bounce back above USD 11,850 as long as the USD 11,550 support is active.

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Bitcoin, Ethereum and Altcoins Correcting Gains 102