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Tronbreakout

TRX TRON Possible Rise - 3rd Wave Formation For a ZOOMED OUT view - see related ideas. If the last week has been an ABC correction, TRX might go for a 3rd Wave Movement. An ABCDE correction might still form, making it go back 480 sats. If that happens, we have more waiting to do, unfortunately. We have two short term resistances to pass right now before going up. Resistances (short term): 530 and 560 sats. Support: 480 and 430 sats. StochRSI on 1DAY candles is looking like it's about to go upwards. MACD on 6h candles crossed. Waiting on 12h and 1day to cross. Targets based on Fib Retracement: Target 1: 680 sats Target 2: 900 (possibly 1000, cause numbers and what-not) Target 3: 1200 sats
Long
by reynar
TRON (TRX) BINANCE MAIN NET PAUNCH - COIN BURN UPDATE - (L)You can't go wrong with TRON TRX. If you agree, best thing would be a long term trade. I see great future for TRON. Team along with CEO have demonstrate competence with the project and have followed dates very strictly which give me confidence in greater future for TRON. As I always tell my members, XVG and TRX are a must have haha. I do not care what anyone FUDS about TRON regarding it's 'huge' supply of coins and that price will not grow dramatically for TRON. I disagree with that entirely. Look at current market cap. It's laughable, Apple is worth more than all crypto's combined. Just think about that before spreading FUD in comments below. BELOW IS A QUICK SUMMARY OF TRON TEST NET LAUNCH VIDEO STREAM JUSTIN SUN AIRED - ENJOY Overall, 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 for devs, over 1,000 TRX will have to be burnt
Long
by CryptoManiac101
16
TRON Trading Opportunity, Increase your position before launchSignals: TRX/BTC showing signs of strength, high volume on top 5 exchanges. RSI nearing 70 Stoch RSI tapering off What you should do Risky: Sell under the 0.786 retrace, or at 452 satoshis, and buy back in at support of around 390 satoshis Safe: Sell at resistance of 403, at 0.5 retrace, buy back in at support of 390 satoshis. Alernative: Ride the wave and sell during or after test-net pump at 514 sat target. Reasoning: This gamble can likely increase your TRX position by around 10% while you wait for the test-net pump Please criticize me so I can improve my technical analysis. Thank you
Long
by HD1184K
3
TRON TRX ON MAJOR BULL RUN - TEST NET - COIN BURN - MAIN NET - LTron 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.
Long
by CryptoManiac101
22
My thoughts on TRON breakoutTron is not only doing great the past two days, but it's performing just as expected.. Which makes these breakouts feel even better. :-) Here's my initial chart I made for TRX and as you can see it has followed the chart perfectly. I would like to be able to say I could see us reaching all time highs before the months end but I don't think that will be the case... at least not that soon. My opinion on that doesn't really have anything to do with Tron directly I just don't think the entire market is strong enough to have that happen. Let me know how high you think we're going, or if we've reached the top. Seems like we're starting to bounce back from the horrible pit of doom bear market we've been put through the last few months but we still have a long way to go... The Entire Cryptocurrency marketcap is still not even have of what where we were before the dip. I'd say this is a good buy now if you keep a tight stop-loss but really you should have started taking positions 300-400 satoshi range. Good luck & let's boogie
by garrettlweems
1
TRX/USD Forecast 08.03.18Dear Traders, Let´s talk about TRON. You and I are aware that TRON´s CEO had made a lot of post on twitter about great news coming, that´s what made TRON´s price go up that much back in the beginning of January. And what happened after ? A huge dip because nothing happened. A lot of trader a stuck with huge bags of TRON hopping that it might go up again one day, well im in the same spot as you are, and the only thing we can do is HOLD and see what TRON has planned for the future. I do have good news, TRON´s EXODUS plans are out and he has set a release date ! 31.04.18 it is ! This date will be important for TRON´s future, the price will go up but a lot of whales will drop their bags so we might won´t see any new All Time High, but we will still see a surge in TRON´s Price and exposure in the Crypto World. As you can see above, I´ve drawn a Triangle which contains TRON´s future. Like always, if this triangle is crossed upwards, we will see a bullish trend. I do hope we will achieve this upwards crossing before the release of EXODUS, because we will have a bigger chance to go even higher. On the other side, there is a possibility that the triangle will not cross upwards but downwards, which we, bag holders, don´t want of course... Let´s keep an eye on this Technical Analysis, and see what will happen until the 31st of March ! Feel free to like, comment and follow me and my work if you find this helpful ! Raw_Blitz out.
BINANCE:TRXUSD
by TjerkPieksma
1
TRON TRX Breaking Pattern? Possible Moon 10X (LOW RISK)TRON has huge long term potential, but here we will observe short term movement. As you see on chart we have falling wedge like movement which most of the times results in bounce up! With that said it is difficult to correctly estimate how severe movement will be this time. We know that we expect massive amount of positivity from TRON and Justin Sun with 10X minimum this year in 2018. Short term, we would like to be conservative at estimate 40% price increase however we would still recommend stop losses if you're a short term trader. Trade qualifies for short term safe trade if stop losses are set at 10% Members will receive more conclusive analysis on this coin upon request. Main price movement is expected to come from new partnership announcements in Q1-Q2 Do not invest what you can't afford to lose. We are not your financial advisors, surprise!
Long
by CryptoManiac101
Tron breakout will take place in a very short time.As you can see from the chart TRX is reaching the end of the pennant and this clearly means that we'll see a breakout, if volume increase. Theoretically speaking it should break the yellow support line at 395 but there is also the opportunity to form an uptrend. If this scenario happen, if there will be a breakout of the resistance line, we'd expect a huge growth in price. If price goes down that yellow support line there will be another support at 333 sats. If it breaks too, another one is at 220. Before entering every trade wait for the breakout.
by fedeman23
TRXBTC's massive descending triangle (4hr tf analysis)Tron (TRX) made a high of 0.00002047 on Jan 5, 2018 and has been in a downtrend since then. A massive descending triangle is drawn on the 4hr tf. Support area for TRX is marked with green lines (between 0.00000261 and 0.00000207) should TRX break to the downside of the descending triangle. A potential breakout above the descending triangle should see TRX possibly return to Target 1 (between 0.0000891 and 0.0000956) or Target 2 ( (between 0.00001247 and 0.00001312). POE= Point of entry which is just above the descending triangle at ~0.0000457 A breakout above 0.0000457 is the trigger for the long position in TRX at which point the stop loss (or POI) is placed just below the bottom of the descending triangle at 0.0000371 POI= Point of invalidation= Price closing below 0.0000371 after the trade has been entered = point of exit from the trade. Using the bottom of Target area 1 or the bottom of Target area 2 should produce a risk/reward ratio of ~5:1 and 9.5:1 respectively.
by Coin_Analyst
8
Update 4: TRON - what happens when we can't break out??Welcome to another update on TRON. This is about the only coin I publish TA on nowadays since the other coins are covered by a lot of people already and I mainly focus on Forex. Please also refer to my earlier ideas linked below. As we can see, Tron has been following the upper apex of the descending triangle since I first drew it. It functions as our main resistance and is only invalidated when Tron break out above it AND stays there (closes above it). As it looks now though Tron seems unable to move above it at all and I am curious what would happen if it can't move out of it. Will we see more sideways movement or will the support break? If the support doesn't hold we will need to evaluate how deep Tron potentially might go. This gives us good opportunity though to strengthen our position though if this happens. In my opinion there is no doubt that Tron will continue climbing again. Even with all the FUD surrounding this coin it is not as bad as people think. Just look at Ripple; hugely overvalued and now plummeting and barely recovering but NO FUD. So what does that mean for Tron? I think that it means that as I stated in earlier posts, that it is a solid coin. Not based on what the fanboys and girls write or wish for, but solely based on the fact that with all the negative news it is still doing relatively well considering the how bad the whole market is doing. Speaking of the market, it seems it is doing better so now we just have to wait till this starts projecting on the less known coins. Also if Tron goes lower, I believe that this will just bring in more investors and as said I will use this to strengthen my position. ON A FINAL NOTE: Tron might have gone down vs. Bitcoin but vs. the Dollar it is still 5 cents! This is not financial advice but a study of Tron.
by epitome
8