• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news
Crypto.com Logo
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Play GamesTry
  • Bet & WinTry
  • Spin & WinTry
No Result
View All Result
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Play GamesTry
  • Bet & WinTry
  • Spin & WinTry
No Result
View All Result
NewsBTC
No Result
View All Result
Tron TRX
Nexo Logo

Tron Price Analysis: Trading TRX and IOT Break-Outs, EOS Adds 6%

Dalmas Ngetich by Dalmas Ngetich
4 years ago
in Uncategorized
Reading Time: 4 mins read
Advertisement

Odds are altcoins are likely to fly off from their main support. With most registering gains in the last day, prices are now inching above key resistance trend line with Tron for example trending above Sep 2018 highs. As a result, bulls are likely to dominate and the same might pan out in IOTA thanks to the last three days of consistent higher highs.

Let’s have a look at these charts:

EOS Price Analysis

The pluses of EOS mutability and block producers prevented a $12 million EOS heist according to a report. While the topic of mutability is controversial, it works both ways because in essence BPs upon consensus do create new transactions and not reverse transactions on-chain.

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

EOS Price Analysis

Price wise and EOS is the top performer bouncing off our main support trend line and edging closer towards $7. Overly, we retain a bullish outlook mainly because of the last two bull candlesticks rejecting lower lows.

Secondly, it’s because of the deep correction of price from 2017 highs that makes it kind of “illogical” to liquidate at spot rates.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
Get 110 USDT Futures Bonus for FREE!

Needless to say, yesterday’s revival means our last EOS price analysis is valid. As such, gains above $7 will automatically trigger buyers eyeing $9 and later $15.

Litecoin Price Analysis

In a direct endorsement of Lightning Network, Charlie Lee the founder of Litecoin said “LN is Satoshi’s vision.” Lightning Network or (LN) is an off-chain scalability solution that enable fast settlement and complete decentralization.

6/6 Bitcoin with Lightning Network more closely fits the Bitcoin whitepaper's title: "A Peer-to-Peer Electronic Cash System." This is Satoshi's Vision.

— Charlie Lee [LTC⚡] (@SatoshiLite) October 6, 2018

The solution is also possible in Litecoin and through submarine and atomic swaps there is better network utility and efficiency.

Litecoin Price Analysis

Back to price action and LTC is stable, up three percent in the last day. This rejection of lower lows is positive for investors and could build the necessary impetus for rallies above $70. In line with our previous highlights, conservative risk-averse traders should only enter “longs” once there are gains above $70.

But, considering yesterday’s higher highs, we suggest risk-off traders to load at spot rates with stops at $55. That’s around Sep 14 lows and minor support line in our Litecoin price analysis. All things constant, our last trade plan holds because moves below $55 invalidate this projection.

Stellar Lumens Price Analysis

Stellar Lumens Price Analysis

Considering the consolidation of the last few weeks, Stellar Lumens prices are still held within a wedge. But, that’s not all. Thanks to the ranging market, Sep23 high low is acting as a perfect confinement for price action.

Moving on, our previous XLM price forecast is true and for now, yesterday’s two percent gain mean risk off traders can enter at spot rates with stops at 22 cents once there are decisive moves above the bull flag.

From the last two bars, this could print today triggering short term buys with targets at 30 cents. Thereafter, conservative traders can begin realigning entries depending on the strength of break outs and consequent retest of the 28 cents—30 cents resistance zone.

Tron Price Analysis

Thanks to a 13 percent surge, TRX traders can begin loading at spot rate or in pull backs in lower time frames. This is so because of Justin Sun announcement of TVM Odyssey update. After Odyssey 3.1, Justin said “TRON Committee function & TVM will go live, marking the start of the Smart Contract Era” boosting prices and expectations as a result.

Based on community consensus, #TRON will be upgrading to Odyssey 3.1 at 8pm SGT. The TRON Committee function & TVM will go live, marking the start of the Smart Contract Era. TRON will be 200x faster vs. ETH, 100x cheaper vs. EOS. dApp developers & users, this one is for you! $TRX

— Justin Sun (@justinsuntron) October 8, 2018

We expect Sunday’s momentum to pad buyers aiming at 3 cents in days to come. What will keep this going is the shill from Sun saying the update will make Tron 100 time cheaper than EOS and 200 times faster than Ethereum.

Tron Price Analysis

From the chart, it’s a straight buy for traders. Backing this outlook is Oct 7 thrust and close above Sep highs marking the beginning of a bulls. Because of this rally, we suggest risk-off traders to load at spot prices with stops at around 2.5 cents with targets at 3 cents. In the meantime, risk-on traders can buy after conclusive, high volume closes above 3 cents in line with our last TRX trade plan.

IOTA Price Analysis

IOTA Price Analysis

After a six percent addition in the last day, IOTA is only $300 million away from reclaiming its number 10 spot. Gauging from price momentum, that is likely to print out this week. More so if there is a strong and a relieving break out above the bull flag.

Considering the higher highs of the last few days, odds are, we might see that happening today. As such, we suggest risk off traders to buy at spot as they take advantage of a break out trade with targets at 90 cents. In the meantime, risk-on traders can begin taking trades once bulls garner enough momentum closing above70 cents triggering long trades as a result.

Disclaimer: Views and opinions expressed are those of the author and aren’t investment advice. Trading of any form involves risk and so do your due diligence before making a trading decision.

Tags: EOS price analysisiota price analysisLitecoin price analysisstellar lumens price analysisTron Odyssey 3.1Tron Price Analysis
Tweet123Share196ShareSend
Win up to $1,000,000 in One Spin at CryptoSlots
Dalmas Ngetich

Dalmas Ngetich

Interested in new Tech

Related Posts

bitcoin

Perp Traders Remain Quiet As Bitcoin Struggles To Hold $30,000

52 mins ago
CoinEx Charity Book Donation Worldwide: Over 10,000 Books for Children’s Dreams

CoinEx Charity Book Donation Worldwide: Over 10,000 Books for Children’s Dreams

1 hour ago
Six Years of Relentless Efforts: ViaBTC is Always on the Way

Six Years of Relentless Efforts: ViaBTC is Always on the Way

1 hour ago
Top 3 Web3 Coins to Watch in 2022

Top 3 Web3 Coins to Watch in 2022

1 hour ago
The DAOificaiton of Games: How and Why

The DAOificaiton of Games: How and Why

1 hour ago
ViaBTC: Enhance Basic Tech Capacity & Provide All-encompassing Products & Services

ViaBTC: Enhance Basic Tech Capacity & Provide All-encompassing Products & Services

12 hours ago

Premium Partners

Top Brokers

PrimeXBT

PrimeXBT

Review · Visit

Top Casinos

BitStarz

BitStarz

Review · Visit
7BitCasino

7BitCasino

Review · Visit
Punt Casino

Punt Casino

Review · Visit
Wildcoins Casino

Wildcoins Casino

Review · Visit
CryptoSlots

CryptoSlots

Review · Visit
mBit

mBit

Review · Visit
CryptoGames

CryptoGames

Review · Visit
Bspin

Bspin

Review · Visit

Sportsbooks

1xBit

1xBit

Review · Visit

Interest-free Loan, New way of Assets Increase

May 26, 2022

Hoskinsea Partners with Pavia land to Setup A Virtual Headquater On The Metaverse

May 26, 2022

The first free and equal digital country – HyperNation global theme conference was held

May 26, 2022

HyperNation’s event launch sales on HITCHHIKER OF STAR (H.O.S) went out like wildfire

May 26, 2022

Metaverse Real Estate Sells For A Record $5,000,000 inside TCG World

May 26, 2022

ABOUT US

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

COMPANY

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

LINKS

Crypto Prices from Nomics

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

© 2021 NewsBTC. All Rights Reserved.

  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Play Games
  • Bet & Win
  • Spin & Win

© 2021 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.