TRON {TRX}, Litecoin {LTC} price scan and likely prospects

Litecoin is ranked at #5 below Bitcoin Cash and XRP in the market. The asset itself is yet to exit the red zone and a drop rate of 0.46% was noted in the …

Litecoin is ranked at #5 below Bitcoin Cash and XRP in the market. The asset itself is yet to exit the red zone and a drop rate of 0.46% was noted in the course of the past 24-hours. This brought the price of LTC drop all the way down to $68.74 where it holds. The trading volume recorded is $2.268 billion, whereas the supply has 63,251,817 LTC coins in play. As of this instant, the total market cap of Litecoin is $4.347 billion.

Data from the LTC/USD chart on tradingview points to the rise of bearish momentum. A new level of resistance was erected on the 10th of September when the price climbed to reach $73.09. Support can be found near the $62.29 mark. For 11 days, the MACD line has stayed above the signal line. The daily RSI rests at 42.31, and the Awesome Oscillator peaks are about to venture north of the zero line [the final few have been green].

In spite of all these signs, the Ichimoku Cloud is still crimson. In my opinion, the price falling to breach $65 isn’t completely out of the picture. But LTC bulls are garnering tractions and targeting the $79 mark.

TRON is positioned at #14 in the market ahead of Huobi Token. The price grew at a rate of 4.35% in a span of a few hours. The trading volume recorded is $531.954 million, and the supply has 66,682,072,191 TRX coins involved in circulation. The total market cap of TRON is $1.030 billion, whereas TRX is priced at $0.015449.

The chart connected to the TRX/USD pair on tradingview points to the recovery of the altcoin. Bullish divergence was noted during this month [in the table tied to the Relative Strength Index]. The daily RSI is at 41.79, and the MACD has been rising steadily atop the signal line since the 11th. Resistance may affect the surge of this crypto-asset if the price bounces back to $0.0176.

About Post Author

Aditya Chatterjee

A specialist in comics and cryptocurrencies with an inclination towards DASH and Cardano. I have an innate desire to be a seasoned trader in the near future. Analyzing candlestick charts is a personal hobby.

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Stellar {XLM}, Huobi Token {HT} price readings and approaching fate

Stellar {XLM}, Huobi Token {HT} price readings and approaching fate … Stellar was launched by Jed McCaleb [who founded Ripple] and Joyce Kim. … that this exchange-based currency can move forward to breach the $4.2 point.

Stellar is ranked at #11 on coinmarketcap. As of this moment, XLM is priced at $0.057649. The trading volume recorded is $142.773 million, while the supply has 20,083,652,410 XLM tokens involved in circulation. The total market cap of Stellar is $1.157 billion. A growth rate of 0.11% impacted the altcoin in the course of the past 24-hours.

According to the data present on the candlestick chart connected to the XLM/USD pair on tradingview, the asset is declining steadily due to sellers stepping up their game. Support can be found near $0.0570666 which may be broken by tomorrow. Since yesterday, the Awesome Oscillator peaks have adorned the brown shade.

The MACD line lingers to the north of the signal line, but the space between the two is quite small. The daily RSI [for 14 periods] is at 30.17 which means that Stellar is about to creep into the oversold zone. A climb to reach $0.064 now seems to be a hefty task for this altcoin.

Stellar was launched by Jed McCaleb [who founded Ripple] and Joyce Kim. It is the closest competitor of XRP in terms of technology implemented [and solutions offered] by both the networks.

Huobi Token is ranked at #15 above Dash and Ethereum Classic in the market. The price dipped at a rate of 1.37% in a matter of hours. This brought HT down all the way to $4.04 where it holds. The trading volume recorded is $58.366 million, and the supply has 245,696,127 HT tokens included. At present, the total market cap of Huobi Token is $991.503 million.

After glancing at the chart related to the HT/USDT pair on tradingview, the initial assumption one may have is that Huobi Token is fluctuating and its goal is unpredictable. Resistance may play a role at $4.3692 if the price soars, and support can be felt near $3.6771. The daily RSI is at 40, and the final 4 peaks tied to the Awesome Oscillator have all been green. Taking into account the MACD line rising over the signal line, I can state that this exchange-based currency can move forward to breach the $4.2 point.

About Post Author

Aditya Chatterjee

A specialist in comics and cryptocurrencies with an inclination towards DASH and Cardano. I have an innate desire to be a seasoned trader in the near future. Analyzing candlestick charts is a personal hobby.

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Bitcoin market update: BTC/USD slow weekend trading stuck in a narrow range

Bitcoin volatility levels become extremely erratic coupled with unstable trading volumes. The weekend session will see Bitcoin dance within a range …
  • Bitcoin volatility levels become extremely erratic coupled with unstable trading volumes.
  • The weekend session will see Bitcoin dance within a range ($10,400 – $10,200) as long as the technical levels remain the same.

Bitcoin price appears to be sliding into a narrow range between $10,400 (immediate resistance) and $10,200 (buyer congestion zone). Since the drop from September highs at $10,949, BTC has not been able to gain considerable ground. However, the slide to $9,800 support earlier this week, was met by an immediate reversal which tested the resistance at $10,600.

Meanwhile, Bitcoin exchange trading volume has been erratic in the last seven days. The data by CoinMarketCap Shows the trading volume on September 7 at $15 billion. There was an upward correction to $17 billion on September 9 followed by a slump to $14 billion on September 13. At the time of press, Bitcoin volume in the last 24-hours stands at $13 billion. In the same period, the market capitalization dropped from $188 billion to $185 billion.

The unstable trading volume shows the rising volatility levels in the past week. At the time of press, Bitcoin is holding ground just below the 50 Simple Moving Average (SMA) in the four-hour timeframe. Providing immediate support is the Bollinger Band four-hour middle curve. In the event of a drop below $10,200, the 100 SMA is in line to offer support.

In the near-term Bitcoin is expected to trade sideways between the above-mentioned range. The Moving Average Divergence Convergence (MACD) shows a higher affinity to sideways trading as it holds tightly onto the mean line (0.000).

BTC/USD 4-hour chart

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Here’s Why Tilray, Inc. (TLRY) Stock Rose 2.52% Today

The most recent news story about the stock that appeared in Yahoo Finance’s news section was titled “Weak Earnings Might Cause Aurora Cannabis …

The biggest gainers of the session on the Wall Street include Tilray, Inc. (NASDAQ:TLRY), which rose 0.77 points or 2.52% to trade at $31.34 as last check. The stock closed last session at $30.57 and sets an active trading volume day with a reported 895072 contracts so far this session. TLRY shares had a relatively better volume day versus average trading capacity of 1.78 million shares, but with a 5.52 million float and a -4.71% run over a week, it’s definitely worth keeping an eye on. The one year price forecast for TLRY stock indicates that the average analyst price target is $54.2 per share. This means the stock has a potential increase of 72.94% from where the TLRY share price has been trading recently which is between $29.904 and $31.39. There are some brokerage firms that offer lower targets than the average, with one of them, even setting their price target at $26.

The most recent news story about the stock that appeared in Yahoo Finance‘s news section was titled “Weak Earnings Might Cause Aurora Cannabis Stock to Keep Falling” and dated September 13, 2019.

During the recent trading session for Tilray, Inc. (NASDAQ:TLRY), the company witnessed their stock drop by $-0.66 over a week and tumble down $-3.72 from the price 20 days ago. When compared to their established 52-week high of $300, the high they recorded in their recent session happens to be lower. Their established 52-week high was attained by the company on 09/19/18. The recent low of $25.15 stood for a -89.55% since 03/09/19, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of 0 is also allocated to the stock. Since the beta is less than one, it implies that the stock is more volatile than the market, a data that traders are keeping close attention to.

Looking at the current readings for Tilray, Inc., the two-week RSI stands at 45.41. This figure suggests that TLRY stock, for now, is neutral, meaning that the shares are stable in terms of price movement. The stochastic readings, on the other hand, based on the current TLRY readings is similarly very revealing as it has a stochastic reading of 67.49% at this stage. This figure means that TLRY share price today is being neutral.

Technical chart claims that Tilray, Inc. (TLRY) would settle between $31.34/share to $32.11/share level. However, if the stock price goes below the $29.85 mark, then the market for Tilray, Inc. becomes much weaker. If that happens, the stock price might even plunge as low as $29.14 for its downside target. The stock is currently in the red zone of MACD, with the indicator reading -0.02. Traders are always alerted for the move of a stock above or below the zero line due to the fact that the reading is an indicator of the position of the short-term average relative to the long-term average. If the MACD is above the zero line, then the short-term average relative is above that of the long-term average, thus implying an upward momentum. Vice versa is the case if the MACD is below the zero line.

Analysts at The Benchmark Company lifted target price for shares of TLRY but were stick to Buy recommendation for the stock in their opinion released on August 14. The price target has been raised from $200 to $80. Ladenburg Thalmann, analysts launched coverage of Tilray, Inc. (NASDAQ:TLRY) stock with a Neutral recommendation, according to their flash note issued to investors on July 17. Analysts at Consumer Edge Research, made their first call for the equity with a Overweight recommendation, according to a research note that dated back to June 28.

TLRY equity has an average rating of 2.71, with the figure leaning towards a bullish end. 14 analysts who tracked the company were contacted by Reuters. Amongst them, 10 rated the stock as a hold while the remaining 4 were split even though not equally. Some analysts rate the stock as a buy or a strong buy while others rated it as a sell. 3 analysts rated Tilray, Inc. (NASDAQ:TLRY) as a buy or a strong buy while 1 advised that investors should desist from purchasing the stock or sell them if they already own the company’s stock.

Moving on, TLRY stock price is currently trading at 0X forward 12-month Consensus EPS estimates, and its P/E ratio is NA while for the average stock in the same group, the multiple is 3.38. Tilray, Inc. current P/B ratio of 8.26 means it is trading at a premium against its industry’s 2.94.

Tilray, Inc. (TLRY)’s current-quarter revenues are projected to climb by nearly 405.37% to hit $50.79 million, based on current Zacks Consensus Estimate. The firm’s full-year revenues are expected to expand by over 312.39% from $43.13 million to a noteworthy $177860. At the other end of the current quarter income statement, Tilray, Inc. is expected to see its adjusted earnings surge by roughly -45% to hit $-0.29 per share. For the fiscal year, TLRY’s earnings are projected to climb by roughly -43.09% to hit $-1.17 per share.

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Awesome Oscillator Touches 1.40791 For Canopy Growth Corporation (ASX:CGC)

Taking a look at the Donchian Channels indicator on shares of Canopy Growth Corporation (ASX:CGC), we note that the 20 day lower band is 23.2.

Occasionally, investors will find themselves looking at an underperforming portfolio. Sometimes, this may be a case of the portfolio not being properly diversified. Investing too heavily in one stock or sector can cause the balance to tip the wrong way, especially if the overall market takes a downturn. Although there is no one way to protect against tough economic conditions, setting up the portfolio to withstand a prolonged sluggish period can help ease the mind of the investor when markets are in turmoil. Maintaining a large mix of different types of stocks may help the portfolio survive through rough patches down the line.

Taking a look at the Donchian Channels indicator on shares of Canopy Growth Corporation (ASX:CGC), we note that the 20 day lower band is 23.2. The 20 day upper band is 28.41. This indicator was created by Richard Donchian, and traders follow these channels to help identify potential trading signals.

There are a number of different pivot points that traders can use when conducting stock analysis. Pivot points can be useful for traders looking to establish trading entry and exit points. Focusing on some popular one month pivots, we see that the Woodie pivot is currently at 26.96375. The Woodie support 1 pivot is 25.7725, and the Woodie resistance 1 pivot is 30.7275. The Camarilla one month pivot is presently 26.33833333. The one month Classic pivot is 26.33833333 and the Classic resistance 1 is 29.47666667 while the Classic support 1 pivot is measured at 24.52166667.

Traders will take note of the 20 day Chaikin Money Flow indicator that is now at 0.155794 for Canopy Growth Corporation (ASX:CGC). The value of this indicator will fluctuate between 1 and -1. Traders may be watching when the CMF crosses zero. This cross might point to a bullish or bearish price reversal depending on which way it is moving crossing the zero line.

Technical traders have many tools at their disposal when conducting stock research. One of those tools is the Exponential Moving Average or EMA. The EMA is similar to the simple moving average, but more weight is put on the newest data. Let’s look at some different EMA levels:

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10 day Exponential Moving Average: 26.91754349

20 day Exponential Moving Average: 26.58237997

30 day Exponential Moving Average: 26.70411486

50 day Exponential Moving Average: 27.67896853

100 day Exponential Moving Average: 30.72799177

200 day Exponential Moving Average: 34.69389345

Tracking some stock ratings, we can see that the stock’s Moving Average Rating is currently pointing to a “Buy”. Traders may be monitoring many different indicators in order to get a grasp of where the stock may be moving in the near future. Taking a look at the Oscillators rating, we note that the reading is pointing to a “Buy”.

Following trading action on shares of Canopy Growth Corporation (ASX:CGC), we see that the stock has moved 0.4884 since the opening price of 26.75. So far, the stock has reached a high of 27.44 and dipped to a low of 26.54. The consensus rating on the stock is currently Buy, and today’s volume has been measured around 1477290.

The Awesome Oscillator reading is currently 1.40791. Technical traders will watch the AO especially when it crosses above or below the zero line. A move above the line may signal a bullish scenario. A move below the zero line may indicate a bearish selling opportunity. The AO may prove to be a valuable tool for many momentum traders.

Investors are constantly looking for ways to find success in the stock market. Figuring out what stocks to buy can be tough. With so many different names to choose from, the task can seem quite overwhelming at times. Many investors will opt to go with a mix of growth and value stocks. Investors looking to capitalize on shorter-term price movements may have a completely different game plan than those who are looking to fin stocks to hold onto for the longer-term. Finding quality stocks that match the individual’s criteria may take a lot of effort and dedication, but it may be well worth it for the long-term success of the portfolio.

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