Cryptocurrencies to Break Past Critical Resistance Levels And High Profile MeetingsJuly 21, 2019
Over the past 24 hours, the price of the Bitcoin has rallied pretty sharply. The prices were holding down below $11,080. In just 40 minutes, the price of Bitcoin went up from $9,200 to $10,400. The price further went up to 10,800, thus leaving the crucial resistance levels at $10,759 and $10,850.
Technical charts are currently indicating a break below $10,000.
The price of ETH has gone up by 5%, but we are left wondering if the Whales are manipulating the market price. The fundamental factors are bullish for both Bitcoin and ETH. This situation continues despite the negative news from the US politicians.
Buying ETH is considered to be one of the best decisions today to take position in the cryptocurrency market. The ETH market is suspected to be filled with prop bids, which are mostly focused to inflate the value of a coin. The sooner the price begins to fill these bids are pulled back. There is something known as the loading wall, which is mostly used to scare retail investors into a selloff.
Big Cheds tweeted: “Thats actually bearish, I know it’s counter-intuitive, but it is bearish. This is called a “prop bid,” and often will get pulled if it begins to fill. The opposite of this is a “loading wall,” where you see a large sell order, scaring others (retail) into selling.”
Bitcoin and Ripple are both having a Bullish Medium-term. Both these tokens will likely touch their resistance points very soon. Bitcoin is expected to move $15,000 USD by the end of the year, and Ripple is expected to reach 0.9 USD in a year.
TRON is integrating with Carbon. And carbon focuses exclusively on the payments system. Carbon has released “TRXD” price-stable crypto based on TRON.
Justin Sun stated yesterday, “We are always looking for simplicity and ease of use for the TRON community, and these types of collaborations are extremely important to bringing buyers and sellers together in our growing dApp ecosystem.”
Several TRON based products are underway, and TRON has already pushed a lot of its innovations in the industry like the TVM (Tron Virtual Machine) with custom constructed blockchain system with the launch of “Dapp house” which stores several decentralized applications. The company is trying a lot of such products to keep TRON advancing in the cryptocurrency market space.
The power of one lunch is coming up soon, and much news is awaited after that contributing to the growth of TRON.