RATE Group | Bear attack gets more intense as cryptocurrency continues its free fall -AMBCrypto
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Bear attack gets more intense as cryptocurrency continues its free fall -AMBCrypto

20 Nov Bear attack gets more intense as cryptocurrency continues its free fall -AMBCrypto

Posted at 12:50h in Cryptocurrency News by

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The bear market seems to have gone into overdrive with several popular cryptocurrency prices freefalling like there is no tomorrow. Bitcoin [BTC], the largest cryptocurrency in the market, has a fall below the $5,000-barrier, its lowest price point in over a year. Bitcoin’s fall has been reflected throughout the market, with coins like Tron [TRX] crumbling on the price charts.

1-hour

The one-hour chat shows the grave picture of the cryptocurrency undergoing a massive shift towards the bear zone. The downtrend has taken the price from $0.0189 to $.0165. The resistance has been holding at $0.0230 while TRX has fallen to a new support of $0.0147.

The Relative Strength Index [RSI] shows the graph crashing below the oversold zone, indicating the growing selling pressure compared to the minuscule buying pressure.

The Bollinger band indicates the start of a massive breakout tending towards the bear zone. The price drop has been so significant that the candles have…

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