Top 5 Crypto Performers Overview: Tron, Neo, Cardano, Binance Coin, Litecoin

After a strong start in 2019, the crypto markets have witnessed sharp selling that dragged the prices down by about 10 percent on Jan. 10.

What should the traders do? Let's study the charts of the top 5 performers among the top coins to gauge the current sentiment.

The TRX/USD pair has mostly been trading inside the range of $0.0183-$0.02815521 since mid-August of last year.

After trading close to $0.011 for about five weeks, the bulls staged a smart recovery that pushed the price above the resistance of the range at $0.02815521.

We anticipate a new uptrend if the price breaks out and closes above $0.02815521.

Our view will be invalidated if the bears sink the price back below $0.0183.Short-term traders can buy closer to the bottom of the range and sell near the top of the range.

As the price action inside the range can be volatile, traders should keep their positions small.

The NEO/USD pair has a tendency to consolidate before breaking out or breaking down.

We expect the price to remain stuck in the range for a few more weeks, before it breaks out or breaks down.

If the price remains stuck inside the channel, buying can be done close to the support line of the channel and profits can be booked closer to the resistance line of the channel.