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Tron, Waves, Dogecoin Price Analysis: 23 January

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Tron showed that it was likely to rise to $0.03 within the next 24 hours to test it as resistance and possibly flip it to support. Waves was quite volatile in the market, but it looked keen to head towards the $7-level. Finally, Dogecoin witnessed some slight bearish pressure over the past couple of days.

Tron [TRX]

Tron, Waves, Dogecoin Price Analysis: 23 January

Source: TRX/USDT on TradingView

TRX found support at the $0.027-support level on its recent drop and rose above the 4:1 Gann fan line as well over the past couple of days.

In the next 24 hours, the confluence between the 3:1 fan line and the horizontal resistance at $0.03 will be the target for the bulls. TRX can be expected to climb and test this level, and will either be rejected strongly or consolidate just under the resistance for a few hours before flipping the $0.03-level to support.

The RSI was moving under 50 to denote bearishness, but it might be set to rise past the same value to show the start of northbound momentum.

Waves [WAVES]

Tron, Waves, Dogecoin Price Analysis: 23 January

Source: WAVES/USDT on TradingView

One constant with WAVES over the past month has been its volatility. It has traded between the $5 and $8.1-levels of support and resistance, respectively. For the most part, WAVES traded between $6.6 and $5.7.

The past 24 hours saw WAVES dip to $5.5, but it recovered quickly and climbed to $6.82, at the time of writing. The wide-open Bollinger Bands highlighted the volatility of the digital asset.

Climbing past $6.6 is a bullish indicator for WAVES, and the price could retest this level as support and continue to rise once more. A retest and a move back above $7 would show that WAVES was heading to test the $7.6-resistance, but the trading volume needs to pick up.

Dogecoin [DOGE]

Tron, Waves, Dogecoin Price Analysis: 23 January

Source: DOGE/USDT on TradingView

DOGE continued to stay above the $0.008-level but, while the past couple of weeks had seen a dormant DOGE, it appeared that the past couple of days gave the bears some control in the market.

The 20 and 50-period moving averages (white and yellow respectively) formed a bearish crossover as DOGE dipped below the $0.0088-level. If DOGE slides beneath $0.0079, bearish momentum can be considered to be strengthening. The Awesome Oscillator was weakly bearish too.

Source: https://ambcrypto.com/tron-waves-dogecoin-price-analysis-23-january/

Amb Crypto

Miami Mayor dismisses Treasury Secretary Yellen’s criticism of Bitcoin

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Over the past few weeks and months, Miami and Mayor Francis Suarez have been working towards positioning the city as the country’s premier crypto-hub. “We want to be one of the most crypto-forward and technological cities in the country,” Suarez had said in a recent interview, with the comments coming on the back of reports […] Source: https://ambcrypto.com/miami-mayor-dismisses-treasury-secretary-yellens-criticism-of-bitcoin/

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FD7 Ventures launches $250M Micro-Fund in India for Cardano, Polkadot-based projects

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A few days after FD7 Ventures, a Dubai-based crypto-investment fund, made news after it announced its decision to sell its Bitcoin holdings worth $750M to buy more Cardano and Polkadot, the fund is in the headlines again. According to a press release, FD7 Ventures has now launched a $250M Micro-Fund in India to invest in […] Source: https://ambcrypto.com/fd7-ventures-launches-250m-micro-fund-in-india-for-cardano-polkadot-based-projects/

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Why Mark Cuban is looking forward to Ethereum’s use cases

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Entrepreneur Mark Cuban is in awe of Ethereum network and thinks that blockchain technology could be a game-changer for various industries. In a recent interview, Cuban said that it is the “simplification of smart contracts” on Ethereum that gets him “excited.” He said: Because now, all these SaaS companies, all these different companies, I could […] Source: https://ambcrypto.com/why-mark-cuban-is-looking-forward-to-ethereums-use-cases/

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Litecoin, EOS, Enjin Coin Price Analysis: 01 March

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Litecoin seemed positioned for additional losses after the long-term moving average closed in on the short-term line. EOS moved within a descending channel after finding support at $3.5. Lastly, ENJ went past a key resistance and saw its price rise on the charts. Litecoin [LTC] Losses in the last seven days amounted to over 25% […] Source: https://ambcrypto.com/litecoin-eos-ftx-token-price-analysis-01-march/

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