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Bitcoin (BTC), XRP, Tron (TRX) Price Prediction for 2019/2020: Aroon Indicator Says The Bear Is At The Bottom


Bitcoin (BTC), XRP, Tron (TRX) Price Prediction for 2019/2020: Aroon Indicator Says The Bear Is At The Bottom

Bitcoin (BTC), XRP, Tron (TRX) – A tumultuous start to the week generated by the fresh discrepancies among the protagonists of the November 2018 hash war seems to take up another chapter in the history of the ecosystem.

After the threatening statements of Craig Wright against one of the proponents of LN, the reactions against him and his assets, BSV; was quite rapid. The result is open to everyone: $ 6 Billion was lost in the ecosystem, as investor fear that a re-issue of the “war of hashes” be established since SBI has decided to go against BCH.

At the time of writing, the market picture is discouraging for the entire ecosystem: red numbers in the main cryptos show the following general table of CoinMarketCap.

Bitcoin (BTC), XRP, Tron (TRX) Price Prediction for 2019/2020

To make matters worse in the middle of the storm, despite losing value in its price, BTC continues to dominate the staging with increasing dominance of about 52.05%. The market remains in a ‘dormant’ state at the level of $ 172 billion dollars.

The movement of the market in general has developed around BTC, as we can see in the comparative chart between BTC, XRP and TRX to have an idea of what the leading cryptocurrency represents and its fluctuating price movements.

Bitcoin (BTC), XRP, Tron (TRX) Price Prediction for 2019/2020

As we can see in the previous graph, TRX and XRP, have developed in a very similar way to BTC last year, rising when the main market reference is rising and falling proportionally when this asset falls.

The Aroon indicator, as we can see, is still bullish, although it is projecting to the bottom of the chart, while its counterpart, the Aroon Downtrend, remains in the background, with a slight sign of being able to generate a change of pattern at any time.

Also Read: Ethereum (ETH) Ripple (XRP) Litecoin (LTC) Price Prediction: What To Expect in Short -Term (9 Days)

Let’s analyze in detail with other indicators, the behavior of these three cryptocurrencies, to verify if their current trend will be reversible.

BITCOIN (BTC) Price Prediction for 2019/2020

At the time of writing, BTC presents a spot price of $ 5085.08 per unit and a contraction of -1.67% in the last 24 hours. Its market of capitalization has descended to the level of $ 90 billions, although its dominion within the ecosystem is growing.

BITCOIN (BTC) Price Prediction for 2019/2020

In the medium-long-term chart, BTC presents a trajectory with an ascending channel, after the latency period that began in December last year and continued until the beginning of the current month. Its price so far this month, has hit the barrier of $ 5400 and it is currently struggling not to descend to lower levels of the psychological barrier of the five thousand mark that will make it descend to levels of firm support of S1 ($ 4200).

BITCOIN (BTC) Price Prediction for 2019/2020

The Aroon Uptrend indicator (green line) has begun to fall, but its counterpart still remains at the bottom, which is a good sign that the bear has bottomed enough and a possible bull run is about to occur after a sensitive period of bad news in the ecosystem.

The Bollinger Bands begin to converge to indicate less volatility, after BTC has demonstrated stability at the level of $ 5000 in the middle of the storm, generating new support in this band that will allow resizing positions to investors. Even though its moving average moves below the average price within the cloud formed by the bands, it is trying to break the superior: synonymous to entry for investors.

On the other hand, Chaikin Money Flow (CMF) shows maturity in the ecosystem and confidence in BTC even though it has dropped in price. This means that there are many hopes and security in a new milestone of bullish prices for the year and investors have not decided to withdraw completely from the BTC ecosystem. We can see this in the high levels of Google trend on the general sentiment of BTC buyers even at levels of five thousand dollars a unit.

Also, the CMF is slightly down, but remains at a good level. If the bad news with respect to BCH and BSV ceases, we will surely see a recovery by the end of the month that will lead to the previously proposed scenario of $ 5800 for BTC.

Also Read: Ripple XRP Will Become No 1 if China Bans Bitcoin Mining

BTC has formed an ascending parabola that leaves very little room for a linear regression in its prices to lower levels, which is evidenced in the following tweet by Lisa Edwards.

Ripple (XRP) Price Prediction for 2019/2020

It is still positioned as the third most important cryptocurrency in the system, although it no longer has the little advantage it had over Ethereum when it was briefly positioned as the most important altcoin. Its spot price at the time of writing is $ 0.3219 per unit with a contraction of -1.53% in the last 24 hours.

Ripple (XRP) Price Prediction for 2019/2020

The one-day long-term chart of XRP showed a long-term resistance of $ 0.387, which did not break during the increase. Prices continued to move between resistance at $ 0.362 and support at $ 0.314. The uptrend extended the valuation from $ 0.323 to $ 0.365.

Ripple (XRP) Price Prediction for 2019/2020

The Bollinger Bands or BB indicators showed a convergence in the graph, indicating a less volatile period for the token.

The Relative Strength Index or RSI remained neutral since the buying and selling pressures were canceled mutually.

The Awesome Oscillator or AO indicated a bearish momentum, and it has begun losing dominance, at the time of publication, a signal that the bear has bottomed.

TRON (TRX) Price Prediction for 2019/2020

The eleventh cryptocurrency, Tron (TRX), at the time of writing, is quoted at a spot price of $ 0.026599 per unit with a decrease of -2.27% in the last 24 hours and a stock market capitalization of just over $ 1.7 billion.

TRON (TRX) Price Prediction for 2019/2020

Its scenario is similar to BTC and XRP. However, unlike these two previous coins, it has fallen more strongly in its prices. Its price oscillates between the bands of R1 ($ 0.0278) and S1 ($ 0.0251) from a week ago and in the last hours it is giving indications of wanting again to arrive at prices of R1.

TRON (TRX) Price Prediction for 2019/2020

The Parabolic SAR is bullish, drawing its trajectory below the TRX candlestick chart.

Aroon has its bullish indicator on the top heading to the bottom, but its counterpart does not end up taking off, which is a good sign of investment due to the prolongation of the upward trend in the long term.

Also Read: Bitcoin (BTC): New Lows Coming, Target of $1,000 Unchanged –Financial Advisor with 40 Years’ Experience

To make matters worse, Chaikin Money Flow (CMF) is in negative levels, telling us that the withdrawal of earnings is in progress for investors with orders open at this price level. But its flimsy strength along the south allows us to hope for a change of pattern for TRX in the short term.

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