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Breaking News: Tether Targets $500 Billion Valuation In New Equity Offering Amid US Expansion Plans
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Breaking News: Tether Targets $500 Billion Valuation In New Equity Offering Amid US Expansion Plans

Crypto Market Update: EOS, Bitcoin Cash, Tron (TRX), ADA Price Analysis 2019-02-11

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

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Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
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  • The total crypto market cap rallied and settled above the $115.0B resistance area.
  • EOS price broke the $2.50 and $2.65 resistance area to place itself in a positive zone.
  • Bitcoin cash price settled above the $120 resistance area, with a bullish angle.
  • Tron (TRX) price traded above the $0.0250 and $0.0255 resistance levels.
  • Cardano (ADA) price surged higher and broke the $0.0380 and $0.0400 resistance levels.

The crypto market recovered nicely and it is now correcting gains. Bitcoin (BTC), Ethereum (ETH). EOS, BCH, ripple, tron, ADA and other altcoins remain supported on dips.

Bitcoin Cash Price Analysis

Bitcoin cash price made a strong upward move and traded above the $120 and $122 resistance levels against the US Dollar. BCH/USD even broke the $125 resistance and it is currently consolidating gains. In the short term, there could be a downside correction, but dips remain supported above $120.

On the upside, a break above the $126 and $128 resistance levels could open the doors for an acceleration towards the $135 and $140 levels.

EOS, Tron (TRX) and ADA Price Analysis

EOS price finally broke the $2.50 and $2.55 resistance levels, resulting in a sharp upward move. The price rallied above the $2.60 and $2.70 resistance levels. The next key resistances are near the $2.82 and $2.90 levels.

Tron price climbed higher and broke the $0.0250 resistance level. TRX price is currently trading above the $0.0255 level, with a few signs of a downside correction in the near term.

Cardano price performed really well and traded above many resistances near the $0.0370 and $0.0400 levels. ADA price is currently trading above the $0.0410 level and it seems like the price might accelerate higher.

Crypto Market Cap, EOS, TRX, ADA, Bitcoin Cash

Looking at the total cryptocurrency market cap hourly chart, there was a strong upward move above the $112.0B and $115.0B resistance levels. The market cap moved close to the $122.0B level and later corrected lower. On the downside, there are many supports near the $116.0B and $115.0B levels. Therefore, if there is a downside correction, there are chances of buyers protecting losses in bitcoin, ETH, XRP, tron, litecoin, EOS, stellar, IOTA and other altcoins in the coming sessions.

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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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Reason to trust

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Created by industry experts and meticulously reviewed
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