Tron aims to dominate blockchain gamingGaming remains a multi-billion industry which is step by step moving onto the blockchain. This is a very slow process although it has begun. More and more games are being built on the blockchain and/or starting to adopt the technology in some way.
Tron is one of the coins that is heavily involved in Gaming which is moving at a very high pace in that direction. With such a deep involvement, it could be one of the top gaming coins, staying on the top of all the competitors. TRX has very strong technical capabilities, which might or should attract developers for building complex online games utilizing all the benefits of the decentralized environment.
Recently, Tron has launched its’ first game called Magic Academy, where players can interact with each other, allowing to buy, sell and trade their games. While this was a massive step by Tron, the TRX team didn't’ stop there.
Now they are planning to release the second game called “Coin War”. This is a new cryptocurrency entertainment prediction scenario. It created by FCC team based on the financial prediction scenario. Coin War is set to be utilized for prediction in price changes of the most popular cryptocurrencies, along with the trend forecasting of the stock market indexes.
Since the beginning of the month, when TRX laughed their first game, price has been rising from BTC 0.022 area, up to the BTC 0.027 resistance. Currently TRX/BTC stands at the same price as it was at the beginning of October. Its not much of a progress for the Tron, but there is a positive aspect of such price activity.
First of all, it broke the triangle pattern, establishing higher highs and higher lows pattern, thus suggesting the validity of an uptrend. Second, price remains above the BTC 0.022 support area, which in fact, has been rejected cleanly today.
TRX/BTC has reached precisely 88.6% Fibonacci retracement, hitting BTC 0.0215 low, producing spike and bouncing off. Another fact worth paying attention to, is that under the heavy trade volume TRX failed to break below the support, and actually did the opposite. While price remains above the support, some may interpret it as the the bottom of the current corrective wave down. Yes, its a risky assumption, but its a game of the risk and reward, but upside potential is there. First resistance is seen at BTC 0.023, second at 0.026 and third at 0.027.
With the probability of the uptrend continuation, further price decline should also be considered probable. RSI oscillator broke below the uptrend trendline, that can provoke a selloff, resulting in the price drop down to BTC 0.019 or even 0.015. But this scenario will gain power only if the current support is broken, with the daily break and close below BTC 0.0215.
To summarize, fundamentally, Tron seem to have very strong future, although there is a lot to prove in the future. As the support is holding, uptrend will continue. But break below it, can result in a lost confidence by investors and rapid drop in price.
