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IOTA Tron (TRX) Price Analysis  — Key Levels Come Under Fire

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IOTA

We noted in some of our recent analysis that a pullback across the cryptocurrency complex was more than likely. Now, we are seeing just that.

Today, as we take a close look at the charts for IOTA and Tron (TRX), we see a bit more vulnerability than we have seen in some of our other markets. In fact, we noted just yesterday that both of these coins represented some immediate technical vulnerability.

However, the important part will be how they respond to this dip – which is still very much an open question.

IOTA

Price Analysis

  • High: $0.94717
  • Low: $0.91027
  • Major Resistance Level: $1.20
  • Hourly MACD: Bounce Underway

Chart courtesy of tradingview.com

IOTA is one we recently picked out as a chart with a particularly bearish near-term pattern, but a pattern that could also flip and become a bullish signal if the market was able to respond in the right manner to new levels brought into focus on the downside as initial support levels gave way.

Whether or not we will begin to see this type of rescue bid in IOTA is still very much an open question as it takes time to paint a picture that can be trusted on a chart.

At this point, as we have noted a number of times, the region between $0.85 and $0.90 is really where the rubber meets the road.

What we really don’t want to see here – from the perspective of current IOTA HODLers – is a break that closes a 24-hour period below $0.80.

Tron (TRX)

Price Analysis

  • High: $0.033901
  • Low: $0.032399
  • Major Resistance Level: $0.04
  • Hourly MACD: Downward Trending

Chart courtesy of tradingview.com

As we take a look at Tron (TRX) right now, some technical damage has definitely been done. First off, the potential for an ascending triangle breakout above the $0.04 level has been eradicated at this point.

We noted in our recent coverage that this was possible. Our concern was that it might take out the sloped trendline support brought into place over the last couple of weeks before it was able to break above recent range resistance.

Given the turn in the complex, we have in fact broken that trendline in Tron (TRX) and are now setting up to seriously challenge key support levels.

For this chart, in particular, that presents the possibility of a shakeout of weak-handed participants, which could bring into play support levels last seen in March in TRX at around $0.025.

Happy Trading~

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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 tradingview.com

Altcoins

META 1 Coin Trust Announces Commission to Study Global Persecution of Cryptocurrency Projects

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Boca Raton, Florida, 27th October, 2020, // ChainWire //

Collaborating with Other Cryptocurrencies, META 1 Tackles Injustice and Human Rights 

META 1 Coin Trust has announced plans to identify, research and document instances of governmental overreach in cryptocurrency cases globally, as part of its ongoing efforts to advance human rights and individual freedom. 

According to Robert P. Dunlap, Executive Trustee of META 1 Coin Trust, “The malicious attacks on crypto projects globally by overzealous government agencies must be documented and publicized to protect the individual liberties of META 1 Coin holders, as well as issuers and holders of other cryptocurrencies.” He added, “The decentralized, non-jurisdictional reality of crypto has left government agencies often unable to fully litigate cases and the general public should not have to continue suffering due to excessive overreach as agencies clamor to save face.”

META 1 Coin Trust is led by Robert P. Dunlap and Nicole Bowdler, who are both committed to pushing back against unimpeded global persecution of cryptocurrencies. By calling attention to years of organized efforts by government agencies to specifically target cryptocurrency projects, their hope is that the public will see and demand an end to these unjust violations of individual liberty. 

Specific grievances which motivated this initiative include grave concerns over government agencies’ obstruction of individuals’ livelihoods, defamation of character, and libelous false accusations which could tarnish the names of individuals for years to come, long after legal actions…

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Altcoins

Chainwire Launches Blockchain-Focused Automated Press Release Distribution Service

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TEL AVIV, Israel, 13th October, 2020, // ChainWire //

MarketAcross, a world leader in blockchain public relations and marketing services, is pleased to announce the launch of Chainwire, an automated press release distribution service which provides guaranteed coverage and in-depth reports. Chainwire will be a one-stop-shop for the distribution of press releases in the cryptocurrency and blockchain sector. The launch marks the first time that advertisers can reach leading publications in the crypto media with the click of a button. 

While most industries have some kind of PR newswire service, the cryptocurrency sector has become a victim of its own rapid pace of growth over recent years. Since the ICO boom of 2017, there has been a proliferation of blockchain and crypto-focused projects, exchanges, investment firms, and marketing agencies, along with niche news and informational content sites. 

However, the infrastructure to connect this complex ecosystem has been slow to come up to speed, meaning that existing newswire services don’t reach their target audience. It’s estimated that one in five people own cryptocurrencies, so there is currently a significant missed opportunity to reach a massive global readership. 

As a newswire service dedicated to the crypto and blockchain space, Chainwire aims to address this gap. Press releases are distributed to leading publications, offering guaranteed coverage to reach audiences worldwide. The system is integrated with publishers and blogs, enabling accurate reporting via a user-friendly dashboard. It also…

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Blogs

How Can Foreigners Get Loans in Singapore

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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 houses many International students attending many esteemed Singaporean Universities.  

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Press Release