Tron (TRX) Price Analysis – February 15

  • The bears are in control of both the medium and short-term outlook.
  • Traders may consider selling after bearish candlestick formation at key area as entry confirmation.

Tron, TRXUSDTron chart by tradingview

TRX/USD Medium-term Trend: Bearish                                 

Supply zones: $0.04000, $0.05000, $0.06000

Demand zones: $0.01000, $0.00900, $0.00800

TRON is in a bearish trend in its medium-term outlook. $0.02450 in the supply area was the lower high while $0.02360 in the demand area was the lower low of yesterday's session. The formation of the lower high and lower low is down trending market features.

The gravestone formation at today’s opening is an indication of the bulls' presence. TRXUSD was up at $0.02438 in the supply area as the bulls lost momentum and the candle closes with a wick.

The bulls area briefly in charge to give the lower high. This may be at the 23.6 fib area which is at $0.02456. This fib area is a trend continuation zone. The bears' return is expected to push the price further down below yesterday low.  The bears' target is $0.02100 in the demand area.

TRX/USD Short-term Trend: Bearish

  Tron, TRXUSDTron chart by tradingview

The cryptocurrency is in a bearish trend in its short-term outlook. The bears sustained the downward momentum as yesterday's session ended on a bearish note. $0.02360 was the low of the day.

The bulls staged a brief return after today's opening at $0.02383. TRXUSD rose to $0.02438 in the supply area.

TRXUSD is in a descending channel in the short-term. The bears are currently in control of the market. The price is around the two EMAs and the stochastic oscillator at 68%, with signal pointing down. These suggest a downward momentum in price.

The bears' next target is at the lower line of the channel with the bears' strong pressure and more candles formed below the EMAs crossover.

 

The views and opinions expressed here do not reflect that of CryptoGlobe.com and do not constitute financial advice. Always do your own research.

Chainalysis Launches Real-Time Suspicious Transaction Alerts for 15 Cryptocurrencies

Blockchain intelligence firm Chainalysis has introduced "suspicious cryptocurrency transaction alerts" in "Chainalysis Know Your Transaction (KYT)", its "real-time anti-money laundering (AML) compliance solution".

Chainalysis, which was founded in 2014 by Dr. Michael Gronager (the current Chief Executive Officer), Jan Moller (the current Chief Technology Officer), Jonathan Levin (the current Chief Operating Officer), is a company with two main products:

  • Chainalysis Reactor -- its investigation software suite
  • Chainalysis Kknow Your Transaction (KYT) -- its compliance software suite

Chainalysis KYT supports "real-time transaction screening"; "case management capabilities"; "enhanced due diligence"; and "KYT for token issuers".

In a press release published on its blog on Thursday (August 22), Chainalysis says that Chainalysis KYT's alerts are "designed to help cryptocurrency businesses and financial institutions mitigate exposure to regulatory and reputational risk by helping compliance teams focus on the most urgent activity and enforce compliance policies while better allocating resources."

John Dempsey, VP Product, Chainalysis, had this to say:

As lawmakers and regulators focus their attention on the industry, it is more critical than ever that cryptocurrency businesses demonstrate compliance best practices.

According to Chainalysis, this new feature results in alerts being generated "whenever a transfer involves a risky counterparty and crosses a value threshold." Alert levels (Severe, High, Medium, and Low) are "based on factors such as category, service, direct versus indirect exposure, direction of funds, and amount," and are available for all 15 cryptocurrencies that Chainalysis supports (including BTC, ETH, BCH, LTC, USDT, and DAI).

Michael Breu, Gemini's Chief Compliance Officer, also chose to comment on this announcement:

As a New York Trust company we are required to monitor transactions on and off our platform. Tools like KYT alerts, which provide real time and ongoing blockchain analysis, coupled with Gemini's own compliance policies, help us meet our regulatory obligations.

 

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