Tron formed an ascending triangle in the 4-hour time frame and predicted an upward break. Aave exhausted after breaking above the $ 400 level, while WAVES faced a sell-off after failing to reverse the $ 13.2 resistance.
Tron [TRX] price analysis
A rising triangle was seen in Tron’s 4-hour time frame after the price broke above the $ 0.067 level. If taken as a continuation pattern, an upward break from the upper trend line may occur. This will also provide some buy signals for traders looking to take advantage of the situation.
As the MACD closed with a bullish trend, the RSI tried to revisit the upper zone. These factors supported a positive result in the upcoming sessions. On the downside, 24-hour trading volumes dropped nearly 30% at the time of writing. While unlikely, a drop could push the support levels to $ 0.07 and even $ 0.06.
Aave [AAVE] price analysis
As Aave climbed above the $ 400 mark over the past few sessions, its market has recorded saturated conditions. The RSI reversed the trajectory from the overbought zone and showed a retracement towards the $ 397.1 support. A break from this level was unlikely, especially as the Chaikin Money Flow broke above the half line and showed strong capital inflows into the cryptocurrency.
Going forward, the next target for the bulls was at $ 447.8, a region last seen a month ago. However, the market had to put strong buying pressure to move above the above mentioned level.
Waves [WAVES] price analysis
Following the bullish move yesterday, Waves received some rejection on the $ 13.2 high ceiling. A 120% increase in 24-hour trading volumes showed that traders were emptying the crypto asset and taking profits.
The MACD’s signal line caught the fast-moving line and the histogram recorded the weakening momentum. OBV, which is still trading at higher levels, also fell at the time of writing. The bulls are expected to return at the current price level, but a southward move will see the price drop towards the $ 11.5 mark.