Tron (TRX) Coiling stoch, Tron preparing for big movement.Tron has been in a falling wedge for months, and currently, I believe the end of this bear cycle is almost over. Tron has an increasing RSI during the decreasing price, indicating a bullish divergence.
If you believe in TRON, look at adding funds when it hits below 400 sats, which is happening right now. I believe anywhere around 300-360 is a good addition for your portfolio.
The problem is that BTC might not have found a base yet, and TRX is still within the falling wedge.
However, if you look at the stoch on before the previous run, we are developing something similar. XRP had something like this too. This development is on and off, but is worth noticing.
Thanks for viewing! Hope you guys haven't lost too much money. If it makes you feel any better, I lost over 10% on TRX when I transferred it in order to vote, which required a lockup period of 3 days, which happened to be the time BTC dropped.
Tronbtc
#TRON Im getting my long position - I think the bottom is nearlyHi everyone :)
It's been a while since I traded TRON now last time, and I see again now the possibility of a long trade, this time I take a position with 20x leverange.
What I see is that TRON now moves to take a breakout of the falling wegde hopefully, and that's something it must do now as it's soon finished the wegde I therefore believe in a long position here, since most news around TRON lately has been fundamentally good, removed from the hype.
20bb shows signs of bullishness inside the 200bb, and i also think we are very close to the bottom from this long downtrend and its time to get some buyers into trx again.
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tron strong buy. next candle possible red, next two greenApproaching strong buy zone, I am bullish on tron for the long term.
get in now if you are looking for a long term trade.
If altcoin's blow up, tron will be blowing up more than the average. this is because the founder of tron knows how to generate attention.
Tron (TRX) Breakout. Possible long position after flagging.Hey everyone, my last chart predicted sideways movement till the news so this was kind of expected. I believe this can be a great long position in anticipation for the secret project, as long as TRX can find support and form a strong bull flag. There is a medium chance it will be a false breakout. I bought into Tron at 440 so I'm kind of debating whether or not to take profit now.
Therefore,
Buy in:
When bull flag forms. If we drop straight back down it was likely a false breakout and should not be trusted. With the secret project tomorrow there will be an increase in demand or selling pressure, so be careful with a smart stop loss.
Sell targets:
573-600 satoshis.
Stop loss:
464 satoshi level or underneath the bull flag's support area.
I believe in the next few months TRX is going to have a good cycle again. As long as bitcoin can stay within the current range, a good 50% gain is possible.
Tron Ethereum pair explains everythingI believe this shows impulsive since 2/1/2018 nobody could get a good count on tron because they were not and couldn't off of btc pair. Because BTC took such a dip we ate shit on trx btc pair doing more of a WXYXZ correction and looking like a 1-2-3-4-5 move with truncated 5th. That 5th? is a B wave hit exact .78 retrace of A. This all means we are about to start wave 3 after we finish this ABC correction. I estimated these numbers off of a bounce in golden pocket .618 retrace. Its already bounced on .50
TRON: BITTORRENT ACQUIRED & VM LAUNCH - PROFIT = 12.14% !!!Our "Crypto Bottom" Trade Indicator has correctly identified a buy in point on the 24th of July 2018 .
Using this buy in point and selling at today's current price you would have expected to net 12.14% PROFIT!!!
The increase in price may also be explained by positive developments including:
14 April: TRON launches Project Genesis: a reward pool totaling $2 billion USD and a variety of programs—all for the TRON community and developers.
21 April: TRON airdrops 30M TRX -0.54% Ethereum 0.72% holders.
24 April: TRON starts trading on Bittrex.
8 May: TRON Mainnet Odyssey-v.1.0.6 is released.
9 May: TRON announces that they have more than 1.08 million users.
10 May: TRON announces that their 30 Million TRX -0.54% Token Airdrop is Complete.
12 May: TRON announces that will be launch TronVM v.0.1 on the 25th May. This version will be fully compatible with the Ethereum 0.72% VM allowing Ethereum 0.72% developers to use an adapter to migrate seamlessly from Ethereum 0.72% dApp projects to TRON.
May 14: TRX -0.54% ranked first in code submissions in the last seven days, last 30 days, last 60 days
(NEW) May 18: Tronscan V2 explorer is released that offers a brand new design, the possibility to search on our blockchain & get a snapshot of its development, vote & follow the activity of the Super Representative candidates.
May 31: TRON announces launch of Mainnet.
June 1: TRON announces USD$10 million bug bounty program.
June 2: CTO Lucien Chen: “By adopting an enhanced DPoS consensus mechanism - TPoS - TRON TPS (transactions per second) is several hundred times of that of Ethereum 0.72% .
June 3: IndoDax lists TRON ( TRX -0.54% ) and allows trading via $TRX/$Rp pairs. This follows TRON's expansion into Indonesia.
une 7: TRON announces Partnership with Shift Markets. Shift has been helping with the launch of over 100 FX brokers and over 50 crypto exchanges in the past decade. With this partnership, TRX -0.54% will be bridging the gap between traditional fiat currencies and cryptocurrencies. This will also increase its liquidity not only the crypto-markets, but also the traditional Forex markets that deal with global currencies. TRON will now be offered by a total of 9 brokers in 9 different countries.
June 11: Binance adds TRX/USDT trading pair and announces support for TRON mainnet swap.
June 12: Ledger (makers of the Ledger Nano 0.32% S cryptocurrency wallet) announce intention to support TRX -0.54% on their wallets.
June 12: Trade Satoshi lists TRON.
June 14: TRON notes that 25 cryptocurrency exchanges will be supporting the TRON Migration of June 24.
June 14: TronWallet an open source crypto wallet gets released.
June 18: Justin Sun acquires BitTorrent for $140 million. It is assumed that TRON, the digital cryptocurrency will be used to power the file-sharing app rewarding users for partaking in various activities similar to how Upfiring aims to utilise the blockchain for P2P file sharing.
July 19: Nano Ledger S adds support for Tron.
July 22: Changelly adds support for Tron.
(NEW) July 25: Tron Foundation Officially Completes Acquisition of BitTorrent
(NEW) July 27: Justin Sun announces that Tron Virtual Machine Testnet will be launced by the end of the month.
The general uptrend in the crypto markets as well as the positive developments outline above - in particular the purchase of Bittorrent and the potential addition of 170 million users to the TRON blockchain.
***The "Crypto Bottom" and "Crypto Peak" crypto trading used in this analysis is included as part of the Crypto Trade Signals subscription.***
Tron (TRX) Big market order boosted TRX up. Unclear signals.TRX broke out of the falling wedge netting me around 5% profit after it hit my stop loss. However, the Bitcoin ETF decision which has now been moved to September caused BTC dominance to rise, basically people moved their BTC out of altcoins. This is one of the reasons I strongly wish for more exchanges with fiat to altcoins so we do not need to analyze both Bitcoin and the altcoin charts before trading.
Right now on paper it looks like we will be continuing down, but as mentioned, a secret project will be announced in 6 days, and as shown on the chart, there was a large buy order for TRX which caused a move up of around 6%, which might keep us above 400 before demand rises due to the news.
Right now I would wait and see if Bitcoin can hold and what the dominance decides to do before moving funds back into Tron.
I did pick up some TRX at 445, but a very small portion, with a stop loss at 400, but I'm fine with the risk.
Thanks for viewing! Leave any thoughts you have in the comments below. I'll make sure to respond to questions.
TRXIn a very quick analysis...
A bat has been made.
But, there's a chance to drop a bit more.... less likely anyway.
Target on GreenBox... or yellow line.
MACD converge and bullish cross
SRSI almost oversold.
All (8) EMA's above the price.
++If we watch my old charts of TRX, we will clearly see that it is right back in the ground++
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BTC: 1DQinHVrv8SEjJR81swwuKpK4msz3ULYd9
TRX: TMaei46gfPMpmSCxNsYUS4CTPi3Lx7jQoC
TRX catching the next bounceIf you are impatient and you like taking high risks 470 could be the entry you are looking for. RSI is at it's lowest value on the daily time frame and we are at the support (currently broken) of the downtrend channel but if you like trades with good risk reward ratio then 400 could be the perfect entry for you.
#TRON #Crypto When Will Bulls Take Over?!Hi guys,
Today I have brought you TRXUSD in the 4 hour chart.
TRX also made a move higher the recent days. With the move higher it was able to clear some important trendlines to the upside, those breaks can be important for a possible rally to the upside. Indeed I think at this moment that Tron has a big potential to reverse higher in the coming days weeks or month however you want to call it. It is sitting at an important level where bulls can take it over. But for this view we still need some time for a confirmation.
I have drawn you 2 possible scenarios in the chart above. I am looking at any of them. But important to mention is that in case it breaks for any reason the 0.031080 lows, then this analysis will be invalid and we can still see more downside. But lets wait for now and see what TRON will do in the coming days. Also Tron will reveal some important news in another 10 days. (TVM) Lets see. Hope this helps.
Cheers and trade with care
Disclaimer: Trading is about going with the highest probability, nobody is 100% right and we need to protect ourself in case we are wrong. That is why we need to always use a stop-loss when trading. Trade with care. This my current view, and any view present is not a trading recommendation just personal view.
Tron (TRX/BTC) bears dominateThe 4hr timeframe of Tron (TRX/BTC) as shown below is annotated and the numbers indicated on the chart are discussed below in an ascending order:
(1) This is a falling wedge that captures Tron’s price action between May 12, 2018 and July 12, 2018. The chart pattern is bullish (albeit not 100% of the time). Termination of the wedge falls on the major bullish trendline for Tron that is discussed next.
(2) March 18, 2018 (not shown here), July 13, 2018 and July 18, 2018 are pivots used to draw the major trendline for Tron. At least 2 points required to draw a trendline therefore means that the trendline as drawn is valid.
Expectations would be for Tron to find support at the bullish trendline and price resume bullish action. However, a close below ~0.00000509 would imply further move to the downside as that would mean a breach of not only Tron’s major trendline, but also the current consolidation in price action.
The dotted black line indicates a bearish trendline in Tron established from ~June 19, 2018 to July 18, 2018. It is important to note that the trendline intersects a horizontal region of overhead supply (i.e. resistance) therefore increasing the odds that sellers currently dominate between 0.00000629 and 0.00000588 as indicated on the chart.
(3) The relative strength index (RSI) as shown here has a positive rising slope which implies potential bullish action for Tron. However, this is negated by momentum on the Weekly tf.
CONCLUSION:
Based on the observations above, this analysis favors a consolidation at best for Tron with further downside (sell) awaiting Tron (TRX/BTC).