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30.10.2019 - Tron (TRX / USD)Hi Traders! Today we are going to look at TRX coin. Tron is a big Chinese cryptocurrency and its CEO Justin Sun is a great marketer. Why are we going to analyse just this coin? Chinese president announced last week they must increase investment into blockchain and prioritize cryptocurrencies. Chinese coins immediately reacted with growth. Justin Sun has been preparing the public for big news that came just yesterday on Twitter. Does it mean growth of TRX? What does the graph say? Exactly this is cryptocurrency manipulation. If a common person read this news, he would take it as a guaranteed growth. Is that really like that? De facto, oftentimes, when some news come out, this is already included in the graph, even before common people learn about it and it's just the case with TRX too. Divergences on RSI and rising wedge doesn't mean anything positive. The overall perspective of TRX is possible growth. However, we anticipate a decline in the upcoming hours. The price is already compressed and the decline is just around the corner. We recommend considering purchase only after this decline. However, we have to wait for the style of the decline. Due to this reason, we don't highlight the purchase zone until we see the style of upcoming correction.
BITFINEX:TRXUSDShort
by DolleroTechnology
SHORT SHORT SHORT what say you ?NZD is performing quite well rn , obviously that is a not a good enough rationale on its own for entering this on a sell sweet price resistance , price has already broken out of support and is retesting making for resistance , (SELLS DROP LIKE A MF ALWAYS, absolutely love it) just looking at the chart , no news so i couldn't tell you whats what there , but i just trade what i see. It is a dangerous place where price currently is but, considering too that it is the start of the week (but confidence in your analysis is key and standing by it , right or wrong)
Short
by webster.robesten
11.10.2019 - Altcoin CapitalizationHi Traders! Today we will look a bit unconventionally on the capitalization of altcoins. We know that many beginners also read these articles, so let's first say what capitalization of altcoins is? Altcoins are all coins except Bitcoin. Altcoin capitalization means how much money is allocated in all coins except Bitcoin. The difference between total capitalization and capitalization of altcoins is therefore only Bitcoin itself. What does the graph look like? A lot of people these days say that the altcoin season could come. What does it mean? This means that altcoins would grow faster than Bitcoin. The graph looks like this. We are currently in a channel with a target we have already achieved. However, this target is conservative. Whenever we reach the target, it is important to wait for the reaction. Bullish scenario The reaction came, but down. At the moment, it is absolutely essential that we do not break the channel downwards and keep the decline in the channel. If we can do that, further growth is possible. Bearish scenario This scenario is such that growth has indeed been completed and we will continue down. The previous forecast came out perfectly and there is nothing else left to do but wait for the market to offer. From the point of view of altcoin trading, this is an absolutely crucial situation and a key graph to follow. We are more in favor of the bearish scenario, and we are also a little worried that a number of altcoins will still go to their new low. To confirm growth, we need to cross the channel upwards. Until we break it, we are more bearish. May the crypto be with you!
CRYPTOCAP:TOTAL2
by DolleroTechnology
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