Tron, Waves, Coin Price Analysis: 03 October – AMBCrypto English

BitMEX recently noted 32,200 Bitcoins withdrawn, nearly 19% of the exchange’s Bitcoin vault. However, BTC did not cede ground at $10,500, a development that was a sign of resilience and a maturing market. Tron‘s bulls have their work cut out for them as the longer-term bearish momentum stifled their attempts at recovery. Waves could also note another wave of selling pressure in the few hours. Further, Coin was bearish in the near-term and could be set to lose a level of support.

Tron [TRX]

Tron, Waves, Coin Price Analysis: 3 October

Source: TRX/USDT on TradingView

The CMF showed that capital was flowing into the market, indicating that buying pressure outweighed the selling pressure. And yet, the OBV failed to register a higher high.

This could happen in the next few trading sessions as the price reclaimed the $0.026-level as support. A rise in OBV above the white line might suggest a breakout. However, it should be remembered that on the longer timeframe, TRX has been bearish.

Further local lows can’t yet be discounted, especially since the $0.03-level has not been tested