Get started

Tronbtc

TRON swapping tokens, let's see how it will go...Coin of the day is TRON. Returning to the TRX, which stays within positive boundaries during today’s BTC decline. Recap for those, who didn't follow on TRX: Developed by famous “Jack MA protégé” Justin Sun, Tron is a blockchain-based decentralized platform, seeking to build a free, content entertainment ecosystem. The system being built will use distributed storage technology, which will allow cost-effective sharing of digital content. The project was founded by the Tron Foundation, a Singapore-based non-profit, back in 2017. The token migration has started, within the next three days, TRX tokens will be migrated from ERC20 tokens to native, in TRON main net. It is a big milestone for this project, which has been hyped up quite a bit recently About 40 exchanges agreed to support swap of tokens, so users of these exchanges won’t need to transfer their TRX tokens somewhere else. Users won’t be able to withdraw their tokens till 25 June, and on 26th the vote on block validators will be held. After 26th of June, the main net will be active, as TRON team promises. If migration will pass without major issues, and TRON main net will be launched in time - that will give solid support and push for the TRX prices, otherwise TRX could face the same negativity as EOS with its MainNet problems. Technicals 0.000007 level along with 100-days EMA, which have been broken a couple days ago stay strong and supports the price, which draws a flag correction pattern. Regarding the tokens transition process, the price will probably spend next three days in established boundaries between 0.000007 and 0.0000075 levels. All news about coin transition process and main net launch will be the major driver for the price in nearest days. Support boundary for the bullish scenario will be 0.000007 level and 100-days EMA, a breakthrough of the upper boundary of the channel (0.0000057) will confirm the further uptrend development.
Long
by DestinationMoonCrypto
Tron, TRXBTC - Quick Little Trade OpportunityTron, TRXBTC is coming with its independence day on June 25th. This is an exciting moment for TRON and its holders cause with it the TRON Foundation will have a burn of 1,000,000,000 TRX and with the current market price, this can be valued at around 50 mln USD. This is pretty significant and you already have seen the price of TRON going up the past few days mainly because of this upcoming news event. For a change I want to do a quick and relative simple trade analysis and setup for Tron, TRXBTC similar as before cause it doesn't have to be complicated and especially with current market conditions, it's best to take shorter term trades and take profits earlier. And with still a few days left leading up to this event, I think there's a quick little trade opportunity with some good risk to reward so let's take a quick look, shall we? I think we're still in a wave 4 of a smaller degree but if we manage to hold around the 690 satoshis level which was the top of wave 1 and the previous bottom and move up from here, then this wave count is still valid, a double bottom is set and we're looking to make the wave 5 up. Conservatively, the 1.618 fib extension level at around 775 is a good target to go for and take (some) profit. So if you want to take a quick swing trade with Tron, TRXBTC just a few days before the actual burn then this is how you can trade it: Buy area 690 - 705 Target 775 Stop 675 So about 10% upside and 3% downside for a Risk Reward (R) of about 3.3. Not bad, not bad at all! Leave a comment if you have any questions. Like the post, if you liked it and share it if you loved it. This is for good karma. And until next time, good luck with your trading! Disclaimer This information is not a recommendation to buy or sell. It is to be used for educational purposes only.
Long
by Trade_Masters
1
Can Tron remain in Uptrend?Hey, I am back with another Technical Analysis, this time looking again at Tron. TRON the cryptocurrency I am hearing most about only with good news, bought Bittorrent, Justin offered big sum of money to someone who can find a error in his main net, succesfull main net launch, listed on many more exchanges. So Fundamentals are strong, but what does Technicals says? Lets find out. Afer hitting 1000 levels twice , we have seen profit taking dowtrend line until Tron was able to find some good support level. Currently it seems like 650 is pretty strong level and may been the bounce area, true bottom . Currently Tron is riding EMA on uptrend line about to test 750 level. What I do like about Tron, and why I think that it can remain in uptrend? Lets just look at RSI. The whole time in this downtrend from 1000 levels we havent seen Tron being in overbought levels, even if, just for a short time, found ressistance at the level and fell without founding some good support and was being oversold most of the time. But this time, Tron sees some strong bounce from oversold right to overbought , tested the overbought area twice and failed, if it was bearish it would retest 40 and bounce just a bit and fall or keep in neutral zone, but Tron has maintain to find support at high level and has broken the strong demand level on RSI and it looks like we are finding support on the 60 RSI level, lets see if it can hold. When looking at the MACD you can see that we are in a decision point , we need to see a signal line slide over the slower line in order to remain strong. Okay, but where is the Ideal buy? On the uptrend line with a tight stop loss . So I think thats about it.. If you have any Questions feel free to ask me down bellow or at my Discord channel! Hope I made your view on whats going on with Tron somewhat clearer. If you like this Technical Analysis let me know in the comments, Likes are always aprreciated, Thanks ! If I see something worth to share on the chart I will surely do an Update.
by TiborVrbovsky
Buying TRX again, 2 targets short termHello friends, I'm buying back #TRX again now. These are some of the reasons: -We hit the buttom of the forpitch channel -MACD begins to show signs of flattening, I think therefore we can now expect a period of more upward momentum. -If we also follow RSI on daily then I think it has hit bottom and just started up its momentum upwards -150 days ema support in bb -downchannel trend buttom hit I'm not a financial adviser, this is just something I do and these are my opinions and thoughts :) -Follow my trades with updates in our discord communtiy. -My mission is to build a Community who help each other as good as possible, but especially the most recent ones. We believe that sharing knowledge and learning from each other is the strength of success. -In numbers the are strength -Gladly join the (NEW) Discord Community with news, charts and basic TA ( More to come ) -You are welcome. :) discord.gg
Long
by Porshy
8
TRON: JUSTIN SON BUYS OUT BITTORRENT??? - PROFIT = 21.67% !!!Our "Crypto Bottom" Trade Indicator has correctly identified a buy in point on the 13th of June 2018. Using this buy in point and selling at today's peak price as identified by our NEW "Crypto Peak" Trade Indicator , you would have expected to net 21.67% 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 Ethereum 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 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 VM allowing Ethereum developers to use an adapter to migrate seamlessly from Ethereum dApp projects to TRON. (NEW) May 14: TRX 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. (NEW) May 31: TRON announces launch of Mainnet. (NEW) June 1: TRON announces USD$10 million bug bounty program. (NEW) 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. (NEW) June 3: IndoDax lists TRON (TRX) and allows trading via $TRX/$Rp pairs. This follows TRON's expansion into Indonesia. (NEW) June 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 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. (NEW) June 11: Binance adds TRX/USDT trading pair and announces support for TRON mainnet swap. (NEW) June 12: Ledger (makers of the Ledger Nano S cryptocurrency wallet) announce intention to support TRX on their wallets. (NEW) June 12: Trade Satoshi lists TRON. (NEW) June 14: TRON notes that 25 cryptocurrency exchanges will be supporting the TRON Migration of June 24. (NEW) June 14: TronWallet an open source crypto wallet gets released. (NEW) 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. Neither of the companies have official announced what is planned. It is noted that TRON has potentially access to 170 million users. 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.***
by CryptoTradeSignals
1
$TRX - Hidden Bullish Divergence 1DTron daily is setting up very nicely with the completion of the corrective C wave which has also brought the RSI down to a lower lower and the price to a higher low along the same time frame on the 1d Chart. When this pattern forms it is called a hidden divergence and in this case bullish. This will help $TRX on it's climb to it's ATH and could set a new upward trend. This is not trading advice. I use these charts for education purpose and for fun. Constructive criticism is always welcome
by dowdall
2
Tron grows on the eve of the Mainnet SwapCoin of the day is Tron. One more turnaround pattern today. After MainNet launch Tron price went into a three-weeks decline despite the opposite expectations. Today TRX started to show turnaround signs, as the token migration date approaches (token migration - all tokens will be swapped from ERC-20 tokens to official TRX MainNet tokens). The token migration is scheduled to take place from June 21 to June 25. Developed by famous “Jack MA protégé” Justin Sun, Tron is a blockchain-based decentralized platform, seeking to build a free, content entertainment ecosystem. The system being built will use distributed storage technology, which will allow cost-effective sharing of digital content. The project was founded by the Tron Foundation, a Singapore-based non-profit, back in 2017. Latest news 18 Jun - Justin Sun acquired BitTorrent for $140 million. How Justin Sun will utilize BitTorrent and whether it's going to be integrated into TRON - unknown, but it’s assumed that TRX will be used to power the file-sharing app rewarding users for partaking in various activities similar to how Upfiring aims to utilize the blockchain for P2P file sharing. Neither of the companies has officially announced their plans. [* ]21 – 25 Jun - token migration (TRX Mainnet Swap). Withdrawals and deposits of TRX will be paused across exchanges. Technicals After week-long trading in a lateral manner under the 100-days EMA, as soon as the price reached the Global Bearish Trend Line buyers picked it up with high volumes and pusher through the Bearish Trend Line and 100-days EMA afterward. At the moment TRXBCT has pierced above the 0.000007 level and now will be testing resistive 0.00007 – 0.000008 zone. A breakthrough above this zone will be a sign of new growth cycle start. From the downside, 0.0000065 level is a support of the turnaround-growth scenario, breakthrough below this level will send the price downwards.
Long
by DestinationMoonCrypto
TRON ON REVERSE BUTTERFLY PATTERN? - CryptoManiac101This is a very good investment for long term, not for short term. Market is not stable for Tron currently and if this pattern continues, I see it dropping to new lows which have not been seen for few month now, which is great for those looking for an entry or shorting opportunity in alts. Enjoy this trade my Crypto Maniacs, but remember to invest only what you can afford to lose or you're going right back to poverty on drop. We are not your financial advisors.
by CryptoManiac101
13
Tron (TRX) Ascending Triangle formed. 10% movement likelyTron is currently in an symmetrical triangle in the 1 hour, looking like we will get a 10% movement either down or up. If we do breakup, it will further confirm our uptrend line as it is somewhere around the 740-760 mark. However, more big news is coming for tron, including three new exchange listings coming up in two days. The founder is currently hyping up the super representatives event that will occur on the 26th, so that may have an influence on the price as voting requires Tron. People who get elected to be a node will receive 32 TRX per second if they generate a block, around 50 million USD will be split between the nodes per year. Next news events: Bitforex listing on June 8, 2018. Three boutique exchanges on June 9, 2018 Super representatives on June 26, 2018 Therefore, we have reason to believe that a breakup is more likely. Buy in: 775 price range Sell targets: 850 satoshi mark Stop loss: 748 satoshi level or higher depending on the risk you wish to take. If this breaks down however, it will likely drop to the 700 satoshi level. Thanks for viewing. Please leave any criticisms in the box below. As for me, I already bought my TRX at 774, and hopefully this movement will happen in the next 24 hours.
Long
by HD1184K
3
TRON CUP WITH HANDLE! (bullish continuation pattern)The RSI in the 4H Chart showed us a few days ago a bullish divergence... The market presents low volume, the confirmation of the pattern would be the breaking of the resistance with a clear increase in the average volume. This should happen in June, if it does not happen, other possibilities should be evaluated. *Currently COINBASE:BTCUSD is neutral, if it returns to a bearish period my analysis of Tron would hardly be fulfilled. Stoploss : some satoshis below S1 or S2 Target: The moon!
Long
by sebaastudillo