September 20, 2020

Analysis of TRX / USD and BNB / USD on 10/29/2019

Analysis of TRX / USD and BNB / USD on 10/29/2019

Altcoins like TRX and BNB continue to rise in price, and technical indicators indicate dominance of buyers

TRX / USD

Analysis of TRX / USD and BNB / USD on 10/29/2019

The price of TRX managed to break through the resistance levels of $ 0.0186 and $ 0.0200, while the technical indicator RSI is close to the overbought zone. Nevertheless, it seems that buyers are unable to push the price above these levels, and at the moment it is consolidating around $ 0.0210. In case the price falls below the support level of $ 0.0186, the price of TRX will continue to decline.

BNB / USD

Analysis of TRX / USD and BNB / USD on 10/29/2019

The price of Binance Coin continues to rise, breaking throughthis morning support levels of $ 20.50 and $ 21.00. However, buyers could not resist above $ 21.00 and the price fell slightly. We assume that today buyers will be able to gain a foothold above this mark and test the nearest resistance levels. Otherwise, the price may fall below $ 20.00.

According to the materials cointelegraph.com