TRON TRX ON MAJOR BULL RUN - TEST NET - COIN BURN - MAIN NET - L
Updated
Tron TRX is on a major Bull Run potential. I would recommend for everyone to forget about there short term targets and just stay in for long term. If you've been in the game for a long time, then do profit sells and refills along the way as you see MACD crossovers on 4H charts which is one of the best ways to track short term price corrections and retractions. With that said I guess you already figured that we personally will be staying in TRON TRX for a long time because potential for it is huge and with successful Test Net launch, current price valuation will be massively undervalued. Let me highlight 'successful' Test Net launch. That means that if something does go wrong with that release we may see price retraction in short term.
MACD still indicates ways to go, RSI indicates short term re-tracement at least to our RSI support area indicated on chart.
Members will receive more updated on this trade and when to buy or sell.
Invest only what you can afford to lose or you're going right back to poverty on drop. We are not your financial advisors.
MACD still indicates ways to go, RSI indicates short term re-tracement at least to our RSI support area indicated on chart.
Members will receive more updated on this trade and when to buy or sell.
Invest only what you can afford to lose or you're going right back to poverty on drop. We are not your financial advisors.
Trade active
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Here's my original chart from few weeks ago
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Can I get some likes on this idea for support? Thank you!!Note
Lets reach #1 first spot on TRXBTC on tradingviewNote
We will probably get a lot of FOMO in next few days which will push price up - be patientNote
From current outlook we may see retracement to 550 areaNote
We still have room for re-tracement but uptrend is at good odds as wellNote
This is a classic J-curve from the looks of itNote
Long term holders should buy nowNote
Short term watch with caution or buy with tight SLNote
Possible reversal in worksNote
We are bullish on TRON - strong in the new trend channelNote
Reminder that test net is tomorrow! Huge event as Tron is becoming 'functioning' cryptocurrencyNote
Several hours until Test net launchtwitter.com/Tronfoundation/status/979750245050433536
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TRON LIVE STREAM SUMMARYOverall, Justin Sun did a great job firstly on timely release of Test Net and second of all with the actual live stream. He talked about getting Tron listed on more mainstream exchanges (smells a lot like Coinbase), as well he talked about introducing more trading pairs for Tron, emphasizing most of his attention on USD pairs.
He also mentioned about their team size increasing to over 100 people who came from Alibaba, Alipay, Amazon and other large companies. He said that Tron is much more then just a ‘gaming’ currency and that they will surpass volumes of Ethereum and even Bitcoin.
OVERALL THOUGHTS
Tron network was the main talk on live stream with possible Ethereum/Tron airdrop happening in near future in attempt to acquire more users to migrate from ETH or TRX. Their goal is to dominate Ethereum, which is a huge statement from Justin.
My thoughts are these… Don’t FOMO, because usually when it sounds too good to be true, it just might be. Can we make good profit on this coin? Possibly. Will it be the next big thing? Likely, however watch it cautiously please.
“TRON beats Ethereum today” - Justin Sun. It’s clear that this is their main competitor which they aim to destroy.
WHAT TO WATCH FOR IN FUTURE?
At this time we will be looking towards mid of April when news on Main Net will be released and then towards June when we will have a possible Main Net release with coinburn.
Coinburn —> to issue 1 TRX, over 1,000 TRX will have to be burnt
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Chart has been updated due to retraction
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