News

Tron, Dash and Bitcoin Cash Price Analysis and Prediction for September 18th: TRX, DASH, and, BCH

Another slow day for cryptocurrency markets except for XRP and Stellar that are blowing up the last few hours. Let’s take a look at some of our favorite cryptocurrencies and see what the charts have in store for us.

Tron Price Analysis (TRX/USD)

The crypto market of TRX/USD pair is today giving a bullish performance, having recorded an upsurge of about 10% over the intraday.  The pair’s price found strong support near $0.0158 that lead to an intense buying pressure that impressively pushed the price momentum North ways.  TRX/USD pair, therefore, escalated from the opening price of $0.0159 to the current rate that was stood at $0.0177. Afterward, there seemed to be a struggle to breach the critical resistance level that was defined at $0.0178.

In terms of the technical indicators, both moving averages are ascending with the short-term SMA being above the long-term SMA.  Besides, the RSI indicator was seen hovering close to the overbought territory that suggested an intense buying pressure. Therefore further upside correction is likely in the near term.

Tron Price Prediction (TRX/USD)

A break above $0.01800 may trigger more bullish rally near $0.01880.  However, failure to break past $0.01800 may result in a period of consolidation that may be followed by a downside correction below $0.0165 level.

Dash Price Analysis (DASH/USD)

DASH/USD was also on a bullish mode, having recorded some gain by 5.2% over the last 24hrs.  The price exhibited unbeatable moves that reflected a strong bullish pressure. For instance, the support level was upended from $90.6819 to $94.000 that is a positive sign.  Nevertheless, at around 16:00, a falls bullish accumulation pattern was seen that moved the price up to rally at a high of $99.6030. The emergence of a bearish engulfing pattern later followed that showed a strong denial of higher price levels.  That dropped the price to a low of $94.2643 before embarking to a steady flow, which defined the current price at $96.0727.

Additionally, further upside climbing should be anticipated, since most indicators are foreshadowing incoming favorable scenario.  Moving averages are heading north while the RSI is hovering above level 50 that confirmed the assurance of bullish reaction.

Related Post

Dash Price Prediction (DASH/USD)

Investors should take a long position if the bulls succeed to push the price past $98.0000 level and place targets near $104.0000 and 105.0000 levels.  On the downside correction, if sellers overcome buyers, then a breach below 92.0000 may trigger a decline near $85.0000.

 

Bitcoin Cash Price Analysis (BCH/USD)

BCH/USD pair has also increased investors sentiments over the intraday with its unbeatable performance.  The 4th-ranked cryptocurrency has thereby given an upside gain of 5.7%, having shifted from a low price of $306.4 to a high price of $324.8 which is the current price rate.  The long-term moving average has formed an ascending trend line that signified an uptrend.

However, the price started the day with an upside correction the moved the price to a high of $328.1 that was followed by a medium-term period of consolidation below $318.4 support level.  In addition, the RSI has been gravitating above level 50 that showed that buyers were in control, which is a positive sign for the investors.

Bitcoin Cash Price Prediction (BCH/USD)

Higher price level should be expected as reflected by the moving averages that are now trading below the candle with the short-term SMA being above the long term SMA.  New targets should be stood at $350 that is if the price manages to break past $327.2 resistance level.

Cryptocurrency Charts By Tradingview

Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency or digital currency.

Dennis Wafula

Share
Published by
Dennis Wafula

Recent Posts

A trader who called the 2010 crypto crash revealed BTC’s next price target and eyeing Tradecurve for massive growth potential

Bitcoin is heading in a downward direction, as its value can decrease by the end…

11 hours ago

Investors pour into TMS Network (TMSN) Even as booming GameFi industry grows Decentraland (MANA) and Shiba Inu (SHIB)

2023 is poised to be the year of GameFi's remarkable rise, bringing exciting opportunities for…

18 hours ago

TMS Network (TMSN) Crypto Shatters Records, Defeating Avalanche (AVAX) and Aave (AAVE)

In the world of cryptocurrencies, a new player has emerged, shaking the foundations of the…

18 hours ago

Web 3.0 HedgeUp (HDUP) Goes Viral Due to Outshine Gate.io and LBank

In the era of Web 3.0, the cyberspace landscape has been transformed by blockchain and…

19 hours ago

Hotbit shuts down; traders are looking at Tradecurve

Exchanges for cryptocurrencies have grown to be essential parts of the ecosystem since they give…

1 day ago

Crypto Price Today: HedgeUp Presale Trades at $0.020 After Raising $1.8M, Will Solana Reach $300?

The financial news of late has been ripe with stories on crypto, with many investors…

2 days ago