Ripple and Tron: Tron fell below 0.130000 on Tuesday
The price of Ripple continues today, the previous recovery to the 0.6300 level.
The price of Tron fell to 0.129212 on Tuesday, forming a new weekly low.
Ripple chart analysis
The price of Ripple continues today, the previous recovery to the 0.6300 level. We saw a strong bearish consolidation and pullback to the 0.5455 level on Tuesday evening. We get support at that level and start a recovery and growth above the 0.6000 level. There, we come across the EMA200, which provides us with additional support to continue on the bullish side. Potential higher targets are 0.6400 and 0.6500 levels.
For a bearish option, we need a pullback below 0.6100 and the EMA200 moving average. We are back under bearish pressure again. The price will be forced to form a new low, thus confirming the bearish scenario. Potential lower targets are the 0.5900 and 0.5800 levels.
Tron chart analysis
The price of Tron fell to 0.129212 on Tuesday, forming a new weekly low. We stayed below for a short time, and a return above the 0.135000 level followed. Since then, we have reached the 0.138254 level, and this is where we encounter resistance. Today’s picture is bearish, with pressure on the price at the 0.138000 level. We have support at the 1.137200 level, the breaking point below which we continue to the bearish side.
Potential lower targets are the 0.136000 and 0.135000 levels. For a bullish option, we need a positive consolidation and a price move above the 1.138000 level. If we succeed in that, we will have the opportunity to start further growth on the bullish side from there. Potential higher targets are the 0.139000 and 0.140000 levels. The EMA200 moving average is in the zone around 0.139000 levels, and there, we can expect greater resistance to the bullish continuation.
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