Ethereum [ETH] and Tron [TRX] Price analysis: bears gradually take control of ETH and TRX

With Bitcoin surpbading the $ 5,000 mark, many badysts and cryptography enthusiasts believe that crypto-winter is finally over. However, following the pump of the collective market earlier this month, the prices of all major crypto-currencies have been sharply corrected, driving the market in bearish waters.

XRP, the second largest altcoin in the market, dropped to $ 0.29 before recovering and was around $ 0.32. At the time of the press, the XRP was valued at 0.328 USD, with a market capitalization of 13 billion USD. The coin had a trade volume of $ 1.04 billion over 24 hours and increased 0.85% against the US dollar.

The XLM, the ninth largest coin in the world, was valued at $ 0.115 at the time of publication, with a market capitalization of $ 2.22 billion. The 24-hour coin volume was $ 255 million and was up 0.85%. As a result of the Stellar-IBM partnership, the coin has increased significantly, but has since been stagnant in price.

XRP 1 day

Source: Negotiation View

The one-day chart for XRP showed a marked downtrend, rising from $ 0.555 in November 2018 to $ 0.366 in April 2019. Although strong upward trends have not been observed, slight movements prices were observed between 0.249 and 0.314 USD. Resistances were $ 0.366 and $ 0.389, while support was $ 0.305 and $ 0.293.

Bollinger Groups had an open mouth and meant a volatile XRP market. However, the moving average line was above the candlesticks and indicated a bear market.

Awesome Oscillator market slowdown as prices move downward.

Klinger Oscillator indicated a bear market, with the blue line below the green line after a bearish cross.

XLM 1 day

Source: Negotiation View

The daily chart for XLM shows a strong downward trend, rising from USD 0.277 to USD 0.130, and a slight upward trend from USD 0.087 to USD 0.100. Resistances stood at $ 0.134 and $ 0.166, while supports were at $ 0.100 and $ 0.083 and the lowest record at $ 0.075.

Chaikin Money Flows indicated that money was coming into the XLM market as the line was above zero at 0.07.

MACD The indicator indicated a bearish market for the token because the MACD line was below the signal line.

relative strength index presented a balance in the pressures of buying and selling at the 49 bar.

Conclusion

XRP could move towards a bear market environment, while XLM appeared to be in a slightly bullish territory.