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Breaking News: Crypto Bulls Rejoice: Congresswoman Confirms Powell’s Imminent Firing
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Breaking News: Crypto Bulls Rejoice: Congresswoman Confirms Powell’s Imminent Firing

Crypto Market Update: EOS, Bitcoin Cash, Tron (TRX), ADA Price Analysis 2019-01-10

Aayush Jindal
Aayush Jindal
1 year ago
2 mins read
technical analysis altcoins

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Created by industry experts and meticulously reviewed
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  • The total crypto market cap is likely preparing for an upside break above the $135.00B level.
  • EOS price is gaining momentum and it could soon break the $3.00 resistance.
  • Bitcoin cash price is trading above the $160 support area, with an immediate resistance at $165.
  • Tron (TRX) price rallied close to 20% and broke the $0.0300 resistance.
  • Cardano (ADA) price gained 8% and broke the $0.0500 resistance.

Tron (TRX) surged more than 20% recently and cleared the $0.0300 barrier. Bitcoin, BCH, Ethereum, and altcoins like EOS and Cardano (ADA) could gain further.

Bitcoin Cash Price Analysis

Bitcoin cash price is back above the $160 support area after a short term downside correction against the US Dollar. However, BCH/USD is facing a lot of hurdles on the upside, starting with $164 and $165. The main resistance on the upside is near the $170 level.

On the other hand, if there is a downside correction below $160, the price may decline towards the $155 level. The key support below $155 is near the $150 level.

EOS, Tron (TRX) and ADA Price Analysis

EOS price gained traction recently above the $2.80 resistance area. Buyers were successful in pushing the price above the $2.90 resistance as well. Going forward, the price may accelerate above the $3.00 barrier if buyers remain in action.

Tron was one of the best performers lately as it rallied more than 20% and broke the $0.0250 and $0.0280 resistance. More importantly, TRX price cleared the $0.0300 barrier and it may continue to move higher.

Cardano price gained more than 8% recently and broke the $0.0520 and $0.0540 resistance levels. ADA is now trading nicely above $0.0520 and it may even clear the $0.0550 resistance in the near term.

Crypto Market Cap Total EOS, Bitcoin Cash, Tron (TRX), ADA Price Analysis

Looking at the total cryptocurrency market cap hourly chart, there is a strong support formed near the $132.00B level. More importantly, it seems like there is a breakout pattern formed with resistance at $135.00B and support near $131.00B. A break above $135.00B could clear the path for more gains in BTC, ETH, tron, litecoin, ripple, EOS, ADA, NEO, ICX and other altcoins in the near term.

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Aayush Jindal
Aayush Jindal

Aayush Jindal

Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis.

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From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become one of the foremost authorities in the fields of Forex and crypto trading. With a meticulous eye for detail and an unwavering commitment to excellence, Aayush honed his craft over the years, mastering the art of technical analysis and chart interpretation.
As a software engineer, Aayush harnesses the power of technology to optimize trading strategies and develop innovative solutions for navigating the volatile waters of financial markets. His background in software engineering has equipped him with a unique skill set, enabling him to leverage cutting-edge tools and algorithms to gain a competitive edge in an ever-evolving landscape.

In addition to his roles in finance and technology, Aayush serves as the director of a prestigious IT company, where he spearheads initiatives aimed at driving digital innovation and transformation. Under his visionary leadership, the company has flourished, cementing its position as a leader in the tech industry and paving the way for groundbreaking advancements in software development and IT solutions.

Despite his demanding professional commitments, Aayush is a firm believer in the importance of work-life balance. An avid traveler and adventurer, he finds solace in exploring new destinations, immersing himself in different cultures, and forging lasting memories along the way. Whether he's trekking through the Himalayas, diving in the azure waters of the Maldives, or experiencing the vibrant energy of bustling metropolises, Aayush embraces every opportunity to broaden his horizons and create unforgettable experiences.

Aayush's journey to success is marked by a relentless pursuit of excellence and a steadfast commitment to continuous learning and growth. His academic achievements are a testament to his dedication and passion for excellence, having completed his software engineering with honors and excelling in every department.

At his core, Aayush is driven by a profound passion for analyzing markets and uncovering profitable opportunities amidst volatility. Whether he's poring over price charts, identifying key support and resistance levels, or providing insightful analysis to his clients and followers, Aayush's unwavering dedication to his craft sets him apart as a true industry leader and a beacon of inspiration to aspiring traders around the globe.

In a world where uncertainty reigns supreme, Aayush Jindal stands as a guiding light, illuminating the path to financial success with his unparalleled expertise, unwavering integrity, and boundless enthusiasm for the markets.

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