IOTA Tron (TRX) Price Analysis: A Subtle Shift in Tone? - Global Coin Report
Connect with us


IOTA Tron (TRX) Price Analysis: A Subtle Shift in Tone?




While some of the major large market cap coins have managed to weather the recent storm with their primary 2018 support levels left still intact, a quick glance at the charts for IOTA and Tron (TRX) will make clear that these two are not among them.

However, if we see an inflection in this space over the following week, both of these coins may be capable of putting in relatively important bottoms. And our job as technicians at this point is to remain objective and listen to the signals being broadcast from the patterns and indicators that we see.


Price Analysis

  • High: $0.54879
  • Low: $0.5341
  • 24-Hour Volume: $32.38M
  • 7-day Percent Change: -41.04%

As we noted last week, IOTA has been breaking down out of a very clearly demarcated bearish descending triangle on the daily chart.

The most recent leg – the one that triggered this pattern and sent this coin spiraling lower – came off of a glancing blow ricocheting off of contact with a declining 50-day simple moving average.

The move that has resulted in is a brutal one, knocking IOTA off the edge of the table for losses surpassing 40% just over the past seven days.

This move has resulted in some striking oversold readings for oscillators on both the daily chart and the hourly chart, with a minor bullish divergence now appearing in the hourly MACD.

However, if downside were to resume from here in IOTA, the most obvious major zone below for clear support would be all the way down at the $0.32 level.

Tron (TRX)

Price Analysis

  • High: $0.022782
  • Low: $0.021918
  • 24-Hour Volume: $104.61M
  • 7-day Percent Change: -24.53%

Tron (TRX) presents us with another example of a chart implosion over the past seven days, with the coin undercutting its 2018 lows in recent action on a sharp rise in volume that suggests a major run of last-ditch stop orders.

That means there aren’t any other support levels below that one can hang a hat on. However, the fact that volume surged on the break of the March lows suggests the possibility of a capitulatory low now within reach.

In addition, the breakdown that we have seen in TRX off of the pivot high logged on July 30 has taken the form of a possibly completed Elliott wave impulse move.

In other words, Tron (TRX) is badly oversold, and triggering some positive readings under the surface from major oscillators, but still within the confines of a highly directional downward trend that no longer has any clear support levels below as a technical safety net.

That means we have to watch the tape for a shift in tone.

Happy Trading~

To trade cryptocurrencies, sign up with Binance!

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of Pexels

Charts courtesy of


How Can Foreigners Get Loans in Singapore



loans for foreigners in Singapore

Foreigners who are residing in Singapore and looking for financing could do so in the form of a payday loan. It is good to find out that you can borrow the money from a reputable lender and that the interest rates are low enough for it to be a viable option. Online lenders that specialize in doing business in the country can certainly help one. These online companies are not only reliable, but their service is fast.

At the same time, many cannot afford a high standard of living. Many individuals cannot afford essentials, such as a car or a house. It can be difficult for the majority of the working class to scrape through on their basic salary. 

What defines a foreigner in Singapore? 

A foreigner in Singapore means that you are not a permanent or natural citizen there. As a foreigner, you will not be holding a Singaporean passport. The rules can differ a little for foreigners and residents. Singapore, being a multinational hub, houses many foreigners within the city. Foreigners come to Singapore for the many attractions it offers. Many people come to Singapore for Work-related purposes. A lot many also come for vacations or to visit a friend or a relative. Some foreigners come with a plan to move to Singapore permanently, attracted by their lavish lifestyle. Singapore also…

Continue Reading


Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors




When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace.  The real benefit to trading in these offices is to participate in the free flow of trading ideas and information.  Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed.  Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?

While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors.  The goal of the platform is to help newcomers shorten their learning curve,…

Continue Reading


CoinFlip Scores Big with BRD Wallet Partnership




As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

Continue Reading

Press Release