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Breaking News: Major Win For Memecoins: SEC Affirms They Typically Do Not Qualify As Securities

Crypto Market Update: EOS, Bitcoin Cash, Tron (TRX), ADA Price Analysis 2018-12-24

Aayush Jindal
Aayush Jindal
6 years ago
2 mins read
technical analysis altcoins

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Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
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Key Points

  • The total crypto market cap climbed further higher and broke the $140.00B level.
  • EOS price rallied and tested the $3.00 resistance area.
  • Bitcoin cash price settled above the $200 barrier and it is currently consolidating gains.
  • Tron (TRX) broke the key $0.0180 and $0.0200 resistance levels.
  • Cardano (ADA) price gained 10% and traded close to the $0.0500 resistance level.

The total crypto market cap extended gains above $140.00B. Bitcoin, Ethereum and altcoins like EOS, Tron (TRX), bitcoin cash and Cardano (ADA) are trading with a positive bias.

Bitcoin Cash Price Analysis

Bitcoin cash price was one of the best performers this past week as it broke the $180 and $200 resistance levels. BCH/USD even spiked above the $220 resistance and later corrected lower. It is currently trading nicely above the $200 support, with a bullish angle.

If there is a downside correction below the $200 support, the price may test the $180 support. On the upside, there is a decent resistance formed near $220, above which the price could test $140.

EOS, Tron (TRX) and ADA Price Analysis

EOS price started a solid upward move and broke the $2.50 and $2.80 resistance levels. The price tested the $3.00 resistance and it looks set for more gains above the $3.05 and $3.10 levels.

Tron price started a solid upward move after forming a support base above $0.0150. It broke the key $0.0180 and $0.0200 resistance levels, with chances of more gains above the $0.0220 level.

Cardano price surged above the $0.0350 and $0.0400 resistance levels. ADA price even broke the $0.0470 resistance recently and it seems like there could be more upsides towards the $0.0500 level.

Crypto Market Cap Total BTC ETH EOS ADA TRX

Looking at the total cryptocurrency market cap hourly chart, there was a solid upward move above the $125.00B resistance level. The market can cleared the $135.00B and $140.00B resistance levels and it is currently consolidating near $140.00B. In the short term, there could be a downside correction, but BTC, ETH, litecoin, ripple, EOS, ADA, NEO, and other altcoins remain well supported for an upside ext

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Aayush Jindal
Aayush Jindal

Aayush Jindal

Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis.

Read more

From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become one of the foremost authorities in the fields of Forex and crypto trading. With a meticulous eye for detail and an unwavering commitment to excellence, Aayush honed his craft over the years, mastering the art of technical analysis and chart interpretation.
As a software engineer, Aayush harnesses the power of technology to optimize trading strategies and develop innovative solutions for navigating the volatile waters of financial markets. His background in software engineering has equipped him with a unique skill set, enabling him to leverage cutting-edge tools and algorithms to gain a competitive edge in an ever-evolving landscape.

In addition to his roles in finance and technology, Aayush serves as the director of a prestigious IT company, where he spearheads initiatives aimed at driving digital innovation and transformation. Under his visionary leadership, the company has flourished, cementing its position as a leader in the tech industry and paving the way for groundbreaking advancements in software development and IT solutions.

Despite his demanding professional commitments, Aayush is a firm believer in the importance of work-life balance. An avid traveler and adventurer, he finds solace in exploring new destinations, immersing himself in different cultures, and forging lasting memories along the way. Whether he's trekking through the Himalayas, diving in the azure waters of the Maldives, or experiencing the vibrant energy of bustling metropolises, Aayush embraces every opportunity to broaden his horizons and create unforgettable experiences.

Aayush's journey to success is marked by a relentless pursuit of excellence and a steadfast commitment to continuous learning and growth. His academic achievements are a testament to his dedication and passion for excellence, having completed his software engineering with honors and excelling in every department.

At his core, Aayush is driven by a profound passion for analyzing markets and uncovering profitable opportunities amidst volatility. Whether he's poring over price charts, identifying key support and resistance levels, or providing insightful analysis to his clients and followers, Aayush's unwavering dedication to his craft sets him apart as a true industry leader and a beacon of inspiration to aspiring traders around the globe.

In a world where uncertainty reigns supreme, Aayush Jindal stands as a guiding light, illuminating the path to financial success with his unparalleled expertise, unwavering integrity, and boundless enthusiasm for the markets.

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