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TRON (TRX) Technical Analysis for April 11, 2018




Since the beginning of the year, the entire cryptocurrency market has tempered in comparison to the wild price run-ups that took place in the last couple of months of 2017. Irrational exuberance that carried many of the popular cryptocurrencies to outlandish over-valued all-time highs seems to have dissipated, and now the market as a whole seems to be displaying price action in which “cooler heads are prevailing.”

Now that the price movements for cryptocurrencies have somewhat settled down, traders can now more effectively apply technical analysis techniques to make rational trading decisions, as opposed to the “hop on the crazy rollercoaster” type of trading that was taking place last November 2017 through January 2018. There is still more than enough price volatility in the Cryptocurrency markets to provide ample trading opportunities without the unreasonable risk.

TRON traded to an all-time high of $.2548 on January 4, 2018, and has since declined and settled into a price channel with a slightly downward slope, as can be seen on the daily chart below. Tron has been trading in this channel since the beginning of February 2018.

CHART #1: TRON Daily

A side-ways price-channel is the ideal situation to apply a price oscillator for finding trading setups. Chart #1 above clearly displays the price oscillation between the resistance and support levels. When those same levels are applied to a 120-minute chart, a stochastic indicator can then be applied to identify trading opportunities when price approaches one boundary levels of the channel.  Chart #2 below show several examples of this phenomenon taking place.

CHART  #2: TRON 120 minute

We can see on the chart above, when price action approaches and/or surpasses either of the channel boundaries, it is usually preceded by both the %K and %D lingering either above the overbought line, as in the case of price approaching the resistance level (marked with the blue lines and pointers), or the oversold line, as in the case of price approaching the support level (marked with the red lines and pointers).

Once price begins to reverse back into the channel, both stochastic indicators usually make a strong move to the opposite side of the stochastic range. A long signal is indicated when the stochastic indicators go back above the oversold line while the price is returning to the channel range from below the support level. A short signal is indicated when the stochastic indicators go back below the overbought line while the price is returning to the channel range from above the resistance level.

If a price breakout from the channel occurs, the stochastic indicators will persist in the overbought or oversold ranges depending on which side the breakout takes place. Once a new trading range is established, the oscillator will reset.

Currently, TRON is trading near the middle of the channel range. The savvy trader will pay close attention to the stochastic indicator as price makes its next move to one of the boundaries of the channel. There may still be a few more trading opportunities before TRON breaks out of the channel. We’ll keep a close eye on TRON.

We will be updating our subscribers as soon as we know more. For the latest on TRX, sign up below!

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.

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My Crypto Heroes Announces Issuance of MCH Governance Token



Tokyo, Japan, 24th November, 2020, // ChainWire //

My Crypto Heroes is happy to announce the issuance of MCH Coin as an incentive to players in the My Crypto Heroes ecosystem, aiming to allow them to craft a “User-oriented world”. The MCH coin is available on Uniswap with a newly created pool with ETH. 

My Crypto Heroes is a blockchain-based game for PC and Mobile. It allows users to collect historic heroes and raise them for battle in a Crypto World. Officially released on November 30th, 2018, MCH has recorded the most transactions and daily active users than any other blockchain game in the world.

What is MCH Coin?

MCH Coin is being issued as an ERC-20 Standard Governance Token. The issuance began on November 9th, 2020, with 50 million tokens issued.

Of the funds issued, 40% are allocated to a pay for on-going development and as rewards for advisors and early investors. 10% are allocated to marketing and the growth of the ecosystem, and 50% are allocated to the community. The Distribution Ratio of the MCH Coin is subject to change via a governance decision.

The MCH coin will be used as a voting right as part of the ecosystem’s governance, with 1 coin being 1 vote. It will also be used for in-game utilities and payments. Additional information can be found here:

During December 2020 the first governance…

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Rewards Platform StormX Offers 50% Crypto Cashback Bonus for Thanksgiving



Singapore, Singapore, 23rd November, 2020, // ChainWire //

Blockchain-based rewards platform StormX has released a seasonal promotion for its award-winning Crypto Cash Back App. The promotion will allow app users to earn a 50% bonus on top of their cashback between Thanksgiving Day and Cyber Monday (November 26-30).

StormX has also introduced a brand-new staking service, allowing users to earn an additional 50% per year when they stake STMX tokens. The native ERC20 token of the StormX ecosystem, STMX has a total supply of 10 billion and is available to trade at many of the world’s top exchanges, including Binance and Bittrex.

“With Bitcoin’s price approaching its all-time high, interest in cryptocurrencies has renewed, though some people believe it’s now too expensive to buy in,” said StormX CEO and Co-Founder Simon Yu. “What we have done is create an easy way for such individuals to accumulate bitcoin, ethereum and other cryptocurrencies via everyday shopping.

“We’re also excited to provide users with the ability to earn greater rewards simply by staking their tokens.”

Since the StormX mobile app launched its Shop feature with over 700 stores in February 2020, some 400,000 unique users have been added to the rewards platform. StormX has also witnessed over 50% month-on-month growth for sales. The app is available for download on the App and Google Play Stores, and can be downloaded as a browser add-on from the Chrome Web…

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Valduz, Liechtenstein, 17th November, 2020, // ChainWire //

International cryptocurrency exchange promotes free trading and no gas fees for leading DeFi tokens

17th November 2020 — Bittrex Global GmbH. announced today 8 new DeFi tokens will be listed this week including:

  • UMA (UMA)
  • Aave (AAVE)
  • Balancer (BAL)
  • REN (REN & renBTC)
  • Kyber Network (KNC)
  • Band Protocol (BAND)
  • YF Link – (YFL)

Bittrex Global’s users can trade all of their DeFi  tokens with no trading or gas fees until 2021. The decision to enable free trading on Bittrex Global for DeFi tokens  follows on from the 1,000% growth of the DeFi asset class over the course of 2020.

The decision to enable free transactions will see more investors enter the Blockchain Act’s digital asset regulatory system, supervised by the Financial Market Authority in Liechtenstein (FMA) under the Due Diligence Act which requires traders to comply with the KYC/AML/CFT standards.

“The last year has seen huge growth in DeFi as an asset class and a number of significant milestones completed,” said Bittrex Global’s CEO Tom Albright. “As the asset class matures and more institutional and professional investors look at the fundamentals, we are likely to see increased demand and higher trading volumes for DeFi in 2021.

We’re really excited about what we’re seeing in the space and want to see these DeFi projects grow and help them build stronger platforms through increased adoption. Offering free trading fees…

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