• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • About us
  • Write for us
  • Terms and Conditions
  • Privacy Policy
  • Disclaimer
  • Contact
  • All Posts
  • Advertise

TronWeekly

Crypto World News

  • Home
  • Education
    • Best TRON Wallets
    • Beginner’s guide to TRON
  • Opinion
    • Tron Tokens
    • Market Analysis
  • Industry
    • Tron Exchange
    • Project Review
  • Press Release
  • Advertise
  • About us
    • The Team
    • Editorial Policy
    • Write for us
    • Privacy Policy
    • Disclaimer
    • Terms and Conditions
    • Contact
You are here: Home / News / Altcoin News / Binance Coin, Tron, Bitcoin Cash Technical Analysis On 1st November 2020
Bitcoin Cash [BCH]

Binance Coin, Tron, Bitcoin Cash Technical Analysis On 1st November 2020

November 1, 2020 by Reena Shaw

The global crypto market cap has jumped back to $400 billion, according to CoinMarketCap, despite inaction in the price of several altcoins including Binance Coin [BNB], Tron [TRX], and Bitcoin Cash [BCH]. Bitcoin’s stint above $14,000 was cut short as overhead resistance strengthened. The coin was consolidating below this region while altcoins, on the other hand, registered a notable decline over the past day.

Binance Coin [BNB] 

BNB e1604231236629

Over the past 24-hours, Binance Coin [BNB] was down by1.29% and was priced at $28.25 as it held a market cap of $4.08 billion and a 24-hour trading volume of $329 million.

BNB was turned down from the recently established local top of $31.57 which acted as a crucial resistance area. This was depicted by the red closing bars of Awesome Oscillator which flipped into bearish momentum in the coin’s price. Further validating the bearish pressure was the fall of Chaikin Money Flow below the zero-line depicting an outflow of capital from the coin market.

If the bears succeed in its attempt to price the sink lower than the current level, BNB could find itself retest its immediate support level of $22.96.

Tron [TRX]

TRX e1604231408911

Tron [TRX] also depreciated by 1.55% over the past day which drove its price to $0.0256. At the time of writing, TRX registered a market cap of $1.83 billion and a 24-hour trading volume of $872 million.

TRX was trading a little above its support level of $0.0254 for nearly two months without much progress. The inaction in terms of its price has triggered a bearish crossover for Klinger Oscillator. The MACD has been pointing towards a sell signal over the past week. Furthermore, a few days ago, it also moved beneath the zero-line, thus indicating stronger bearishness.

The $0.247 level can offer some support if TRX dropped further while its overhead resistance remained unbreached at $0.030

Bitcoin Cash [BCH]

bch e1604231789689

Bitcoin Cash [BCH] was valued at $261 after a decline of 1.01% over the last 24-hours. It recorded a market cap of $4.85 billion and a 24-hour trading volume of $1.67 billion, at the time of writing.

Despite the latest price dip, the bears have continued to defend the current range. This was demonstrated by the dotted markers of Parabolic SAR which supported the BCH price candles from an extended loss, thus exhibiting a bullish trend for the coin. A further upward breach, might not play out despite the bullish patterns was due to the formation of a bearish divergence between the price and the RSI. These essentially meant that the sellers were not done yet.

In the case of depreciation, BCH could retrace to the $241 support level as it found significant resistance from $291.

Filed Under: Altcoin News, News, Tron News Tagged With: Binance Coin (BNB), Bitcoin Cash (BCH), TRON (TRX)

Primary Sidebar

Recent Posts

  • Binance Coin [BNB] Mustering For A New All-Time High; $47 Next Stop For BNB? January 18, 2021
  • Ecuador’s Presidential Candidate Wants To Issue National Crypto Backed By Gold January 18, 2021
  • Bitcoin Continues To Garner Endorsements From Former Govt Officials Across Canada And USA January 18, 2021
  • Bitcoin Futures Open Interest Skyrockets To $13B; CME Tops Chart January 17, 2021
  • Litecoin’s [LTC] Buying Volumes Intact Despite Dull Price Action January 16, 2021


Footer

News

  • Altcoin News
  • Bitcoin News
  • Blockchain
  • Tron News
  • World

Digest

  • Meet the Founder
  • Price Winning Article
  • DeFi
  • Cyber Security
  • Crypto Scam

Industry

  • Project Review
  • Technology
  • Fintech
  • Tron Exchange
  • New in Town

Tron Universe

  • Event and Tron Parties
  • New in Town
  • Tron Tokens

Follow Us

Subscribe US

Copyright © 2021 · Tron Weekly. All Rights Reserved. NOTE: Tron Weekly is an independent crypto news site that adheres to the strict journalism policy anchored on transparency, trust, and objectivity, we have no affiliation with the TRON Foundation, its founder Justin Sun or any other cryptocurrency firm.