Get started

Tronbtc

IS TRON DEAD?Hi everyone! I’m glad to see you on our tradingview blog. Today we are reviewing TRON currency. Today’s review: TRON and its prospects. What is TRON? And who created it? First, let's start with what it is. This platform was developed for the creation of digital content. Each person has his or her own "intellectual property," be it music, a book or any other material. The platform itself is based on the Ethereum blockchain. The TRON ecosystem was founded in September last year, by a Singapore non-profit organization Tron Foundation. The company is headed by Justin Sun. Before creating TRON (TRX), he created a social application ‘Peiwo’ which gathered more than one million users. Before this, Justin Sun acted as an advisor and representative for Ripple in China from December 2013 until 2016. In 2015 and 2017 he was nominated in Forbes ‘30 most successful people under the age of 30’ list. Key targets of the project Everyone is interested in enjoying good quality content. The TRON project encourages individuals to create their own content with protected rights, a "Paradise to combat piracy," where there are no torrents. Most of the Internet content passes through large sites such as Yahoo, Google, Yandex, etc. Due to this, they can dictate any prices in the market, more importantly, they can subject it to censorship and transmit data about each user to the Special Services. How does this platform work? TRON synchronizes the work of original information and entertainment portals in the public network. The uniqueness of the platform is that it can be used to remove the "mediator" between the creator of the content and its consumer using blocking and peer-to-peer networking (P2P) technology. Each user, regardless of whether the individual is a blogger or journalist, can post content in their network. The audience must approach the author for access to the content and pay him directly. For users, this is an excellent opportunity to receive unique content without advertising from the "intermediary." TRON cryptocurrency For the convenience of users, all services on the platform are paid exclusively with their cryptocurrency called Tronix . After successful ICO in August 2017, TRON was listed on many major exchanges such as Bitfinex, Bittrex, and Binance. TRON can be used and stored in MyEtherWallet purse. The increased popularity of TRON was noticed, and Coinmarketcap.com rated it within the TOP-15. The price of TRX changed from $ 0.0015 to $ 0.30 at the peak in January 2018. Further perspectives of the project The developers stated in the Roadmap plan that TRON would be split into several stages, to help the project take the lead position in the world. Exodus A platform for peer-to-peer distribution and storage of content, through which it will be possible to free up data. The platform will be able to provide free publication and storage of user data. This stage does not provide for the use of a block but uses a network file protocol that supports a distributed file system. Odyssey According to the Roadmap, this stage is scheduled at January 2019. With the launch of Odyssey, the platform will increase content rights expansion, as well as complement new features, such as introduction of locking technology and monetary incentives to host content on the platform. The system will include bonuses for a user response to content, as demonstrated at such venues as Steemit, Golos, Medium. Sample content is free, to give you a taster, full access is granted only when you pay TRX for their services. Great Voyage and Apollo These two steps will allow users to create their brand and generate their tokens. This should increase the attractiveness of the project and improve its economy. Star Trek(2023 ) and Eternity( 2025) This phase will create online gaming platforms enabling users to maximize their game process, invest in new gaming projects and offer their ideas to their developers. For game developers themselves, this is an excellent opportunity to be one step closer to their community. The developers themselves expect that the whole process will take no more than ten years to implement all the plans completely. Criticism and disadvantages of the project A significant disadvantage of TRON is that it does not conform to generally accepted copyright standards. For example, the person who first places the content on the TRON blockbuster will automatically become its author, although, in fact, it may not be it. TRON generated some controversial media over accusations of plagiarism. Vitalik Buterin (Ethereum Founder) accused Justin Sun of plagiarism when drafting the project documentation. First, Sun on Twitter listed seven advantages of Tron before Ethereum, and then Buterin added the eighth paragraph, which said: "The art of writing documentation (Ctrl + C and Ctrl + V is much more effective than writing by yourself)." Many users expressed their non-transparent work with the tokens themselves. The first transactions that took place when the project was launched t are not entirely clean for users, but only add distrust to the team. Several packages of tokens have been sold. 41% of the tokens of 100 billion, were withdrawn on October 1, 2017, and then distributed to other purses of the "B" series. Some of them may have fallen into the hands of the state or more, be used to inflate the price artificially. Conclusion Despite such harsh criticism from experts and the community, the project successfully took the TOP-15 on the Coinmarketcap. With such competitors as Ripple, Stellar or Cardano, TRON is unlikely to achieve its desired effect, but the project has followed its Roadmap, and for their investors, that is a good sign. Also, the fact that Justin Sun co-operates with Jack Ma and his project Alibaba has a positive influence on the token rate. Perhaps their close merger could lead to an even greater token growth. This platform has a bright future because content (especially high quality content) is becoming more and more popular. What’s coming this month - rise or fall? Zorax predicted a 0.32 prediction, will it come true? How does that work? We use AI Zorax to analyze more than 200 factors basing on which we can predict the future of a coin. Note: The AI algorithm does not give accurate forecasts and guarantees concerning the coin price changes and can make a mistake.
by Cryptoindex-io
1
Tron (TRX) Tron looks like very obvious accumulation.Everything is on the chart. It cannot be more clear. I even suspect there some sort of painting going on where they intentionally make the chart look like this because it is so close to Wyckoff Accumulation Schematic #2. Do you not get chills when looking at this? Tron is one of those coins that has a very bad reputation, because of the pump and dump movement that made it similar to Verge. However, if I wanted to bet on an altcoin surviving the bear market other than Bitcoin, I would bet on Tron. You may insult Tron because of its "shit coin" reputation, but what other coin sold coins for 2 billion during the peak like Tron did? They have cash, and they are going to survive, unlike some other obvious targets I could name. There may be bias here, but this looks like a better buy than some of the other coins out there with very dead looking charts. Lots of people already left crypto, but now is the time to be buying some to hold for the long term. I expect most of my holdings to go to zero, but a few may run pretty nicely. I think Tron has one of the most bullish charts despite the bull market. I don't know if Tron will be here after 3 years, but I am betting it on having another cycle. This is just a longer term buy. I don't think you should buy at these levels since you could get in cheaper.
Long
by HD1184K
6
Who will get a crypto TRON? Analytics TRX/BTCBUY: 0.00000315-0.00000322 Support: 0.00000334 Resistance: 0.00000406 Despite the pessimistic mood on the crypto market, the creators of TRON do not lose optimism, and develop the project, sharing with the world their significant events. We promised to follow the project because, in our opinion, it has great potential and all possibilities for wide adoption. November 28 began an upward trend of the asset, and at the moment the increase was 31%. Note that 26% of this rise occurred on one day - November 28th. About 30% of the purchased volume of coins were sold the next day. At the same time, the average trading volume increased 5 times. On December 7, it was observed a vivid activity of buyers again, with volumes 2 times higher than the average, but a large number of short positions were noted, almost all the volume purchased before was sold out. The first upward movement lasted 3 days, with steadily high volumes, the second rise lasted 2 days. Now the volumes have returned to the average values, which indicates a decline in the interest of buyers and a possible fall in the rate. Despite the fact that the daily chart shows an upward trend, the weekly chart indicates that the price is approaching the resistance line at 0.00000406, which is unlikely to be broken due to weak buyers. This gives reason to expect the price to roll back down at high speed. We follow the price in the attention zone of 0.00000330 - 0.00000340 and observe the activity of traders, a consolidation is possible in this zone and the rebound may not reach the support line - 0.00000334, which looks rather weak on the weekly chart. Raser safe entry points to assets is in the range of 0.00000315-0.00000322. We do not set exit and stop-loss points, because probably a quick upward movement. Should follow the volume of trades - with their increase an optimistic scenario is possible.
by ZOGRAS
1
TRX GOING DOWNTRXBTC will go down because we have a bearish divergence at 1D timeframe. Bulls tried to pump TRX but failed to break the 396 sat resistance on Nov 28-29. Currently STOCH is overbought, the volume is decreasing and the resistence is stronger. I don't think it can be broken just yet. Even though MACD is bullish / above neutral, I still think they cannot break it. With low volume and bad STOCH we'll have to wait for things to cool down. It s only pur informative.DON t play in bitmex.
Short
by CryptoRomaniaTD
7
TRON (TRX) a Strong Long-Term Bet? TRON (TRX) is a decentralized platform that leverages blockchain and peer-to-peer network technology in order to facilitate the sharing of entertainment content. TRON aims to disrupt the $1 trillion global entertainment industry by connecting content creators directly with customers, cutting out middlemen like the Apple App Store and the Google Play Store. TRON developers have outlined a clear and defined 6-part plan to successfully decentralize the global entertainment industry, content creation business, and gaming industry over the next 8-10 years. Last week, TRON developers announced the creation of a $100 million 'Gaming Fund' to invest in blockchain game development on the TRON platform. Today, TRON founder Justin Sun announced a $1 million accelerator program on Twitter to assist developers and start-ups with the creation of decentralized applications (DApps) on the TRON platform. We believe that TRON's investment in its community paired with their clear and detailed 6-part 8-10 year plan support a long-term bullish case for the decentralized platform. The cryptocurrency industry is moving further away from Initial Coin Offerings (ICOs) with each passing day and decentralized applications that have relied on ICO activity in the past to drive users on its platforms and volume of its underlying tokens must adapt in order to survive. TRON developers have made it clear that they are seeking out new ways to drive growth of their decentralized network, a step in the right direction amid a cryptocurrency bear market that has seen all altcoins suffer.
BITFINEX:TRXUSDLong
by Quantamize
Why I am Cautiously Bullish On Tron (TRX) Right NowHard to completely stay away from this market. Not really trading during this time, but I wanted to post an update on my TRXBTC chart, since I find it interesting that Tron is one of the few altcoins to maintain its bullish stance against Bitcoin in this bear market. It also remains significantly up since this time last year compared with many projects. Regardless of the FUD it gets, Tron clearly instills more investor confidence than many other coins. Since my previous analysis (linked at bottom), Tron has maintained its Bitcoin value. We also retested the rising diagonal support within the EXACT same timeframe I predicted, which was kind of fun for me to watch : ) Over the last couple of weeks, we've seen a big market selloff, and Tron remains down in USD value, but after breaking down below its uptrend line against Bitcoin (in blue), it rallied back above it. Now, we can always crash back down below it (currently at the 350 level). However, it is clearly showing bullish price action. There is a significant chance that this coin makes a surprise break to the upside soon, so I'd keep an eye on it. This is one of the coins I bought more of on the recent dip (bought at 318). Daily RSI seems like it needs to cool off a bit, but that can still happen after the next push up. Weekly RSI still has a lot of upside. I think a test of the pink triangle/horizontal converging resistance at 420 is in the cards, especially if Bitcoin remains stable above 3900. On the bearish side of things, if TRXBTC goes below 349/350 and then the newly established strong support at 290, we will probably be seeing some more significant downside. It all depends on which way the market wants to go. I have a feeling TRX may be one of those coins to attempt to decouple from Bitcoin if the bear market extends for many more months with some serious sideways/down action. Support: 350 (near term) 290 Resistance: 390 420 625 750 1000 This is not financial advice, nor am I a professional financial advisor. Previous TRXBTC analysis: -Victor Cobra
Long
by VictorCobra
1
TRXBTC view for the following 3 monthsHello, We can see that there is trendline that is holding since the middle of August, for now it is major support which must hold. Therefore, we can put stop loss just below 280 satoshi level if we play for the semi long-term. If we break support it is very likely we drop to 180-200 satoshis. On the bright side if 280 level holds we are heading to 480-580 satoshi levels which form horizontal resistance together with major downtrend line resistance.
by ricards.filatovs
1
TRXBTC DEATHCROSS 3D !!! TRXBTC struggling..is a problem with this coin because soon(in max 3 days) a huge deathcross at 3D timeframe will be happen , buy volume going down so nobody want to buy this coin now,stoch bearish also it s confirmed. Watch it closely at support lines,after this deathcross we will have a good long oportunity for 29 december(open source platform launch) and also main etf hype. Nothing much to say..just be patient and wait. Supports for LONG ENTRY: 303-287-261
Short
by CryptoRomaniaTD
1
The Dragon. Tron Long Formation. EducationalHello Traders We seem to have a Dragon formation forming on Tron. This is forming. "The Dragon pattern is similar to the ‘W’ pattern or the ‘Double Bottom’ pattern with a few different trading rules and targets. Inverse Dragon patterns are similar to ‘M’ pattern. Dragon patterns usually form at market bottoms. Dragon patterns work in all timeframes and in all market instruments. Like most ‘Double Bottom’ patterns, Dragon patterns present excellent trading opportunities with low risk to reward ratios. The Dragon pattern starts with a ‘Head’ formation and price declines from the head level to form two legs of the Dragon. These two legs usually form within 5% to 10% of the price difference. The second leg has a strong indication of reversal as it posts a key reversal bar or a divergence in any oscillator indicators. A spike in volume usually follows the price rise of the second leg. A trend line is drawn connecting the head of the Dragon to the hump. When price closes above the trend line and is confirmed by price action or divergence in any oscillator, it signals a reversal.The second confirmation of the Dragon pattern occurs when the price closes above the hump, which is 38% to 50% of the range or the Swing High/Low between the two Dragon legs (or peaks for Inverse Dragon) from head to the low of the first leg." --------> Like and follow if you want more charts like these. Remember everyday, new data, stay up to date constantly. Checking our signature for more details. Play the market don't let it play you!! -Stay Frosty
Education
by CopyPasteProfit
2