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Tronbtc

TRON - May Analysis - BullishAfter TRON Mainnet Beta release (31st of March), a correction occurred due to hyped price. There is two price reversal areas which are easy to spot. Second one is a higher low that means TRON is in a bullish price action. I think this up trend will continue up to 25th of May and will reach one month ATH (1000 satoshi level). And there is an important Mainnet launch on 31st of May. When we apply Fibonacci retracement lines, the next target price will be around 1320 - 1400 satoshi's at the end of the month. You can also check my Tron / USD analysis here: TRON - Breakout very soon
Long
by isidat
3
TRON (TRX) QUICK UPDATE - MUCH TO WATCH FOR IN COMING HOURSThis is a very important zone for TRON as we approach a week long resistance in form or a triangular pattern. I would say that we will break this area easily since I believe in TRON, however I would not put my money on it without a tight tight Stop Loss. I will update this chart as new info comes out or becomes visible. Make sure you're following me to receive latest update. Be safe. 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.
BITFINEX:TRXUSDLong
by CryptoManiac101
6
TRX Brakingout of the small resistance!Are tronix finally ready? - let's see what happens when we hit the main resistance? Be ready to take profits then buy back lower if we not can break the main resistance at this point :) - I move stoploss same with the price increase -My mission is to help as many as possible to get better in the market and take better choises with their money. Gladly join the (new) Discord Community CryptoNo Vikings \ news, charts and basic TA ( More to come ) for those who wish to learn that, you are welcome. :) discord.gg
Long
by Porshy
1
Tron (TRX) Breaking Strong Resistance (Going Bullish!)After bouncing from a low of 721 satoshis on the 12th May, Tron started to consolidate and is finally moving up strong. Tron (TRX) is moving and it is moving with good momentum. - Looking at the 4 hours chart, we can see that Tron took off and is already trading above the EMA100 and EMA50 lines, this is a positive development and a bullish signal. - We have a bullish crossover on the MACD. - The RSI is on the bullish side and trending up. - Both the STOCH and DMI are also bullish / trending bullish. Get ready for action and visit my other Tron (TRX) trade ideas for targets, trade instructions and additional information. My profile here: www.tradingview.com Thanks a lot for reading this article... Thanks a lot for the amazing support. Namaste.
by AlanSantana
96
TRON: IMMINENT MAINNET RELEASE = 22.96% PROFIT!!!Our "Crypto Bottom" Trade Indicator has correctly identified a buy in point on the 12th of May 2018. Using this buy in point and selling at today's price, you would have expected to net 22.96% 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 developer 21 April: Bit-Z will support TRON main net migration 21 April: TRON airdrops 30M TRX to Ethereum holders. 22nd April: TRON is the second most active developed cryptocurrency on Github. 24 April: TRON launches TRONSR forum. 24 April: TRON will be listed on Coinbene. 24 April: TRON starts trading on Bittrex. 28 April: TRON is ranked by TokenInsight to be the first in line code submissions and indicator of development activity. 28 April: Bittrex publicises that they will support TRON's Ethereum 1.79% ERC20 token to a new TRON mainnet and blockchain. 1 May: Bitfinex announces that they will be supporting the blockchain upgrade and token swap. 1 May: TRON initiates airdrop of TRON to Ethereum community. 2 May: Coin Tiger (Chinese Exchange) lists TRON. 8 May: TRON Mainnet Odyssey-v.1.0.6 is released. 9 May: TRON announces that they have more than 1.08 million users. 9 May: Binance announces that they will be supporting the blockchain upgrade and token swap. 9 May: Coinrail (Korean Exchange) announces that they will be supporting the blockchain upgrade and token swap. 10 May: TRON announces that their 30 Million TRX Token Airdrop is Complete. 10 May: TRON announces only 21 days until mainnet launch. 10 May: TRON announces that TRX has been accepted as a method of public charity fund-raising by a well-known American charity. 12 May: Coinnest (Korean exchange) announces it will support the TRON blockchain upgrade and Token Swap. 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: Zebpay (Indian Exchange) lists TRON. (NEW) May 14: TRX ranked first in code submissions in the last seven days, last 30 days, last 60 days (NEW) May 16 : Bitpie Wallet announces it will support TRON blockchain upgrade and token migration, As a new-generation blockchain asset management platform. (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 19: Rightbtc will support TRON blockchain upgrade and token migration. (NEW) May 19: BixinIM will support TRON blockchain upgrade and token migration. It is also noted that The Tron Main Net is poised to be launched on 31st May 2018 with TRON will be migrating from ERC20 token to TRX starting from 21st June 2018. It is noted that the Super Representative elections will be held on the 26th June 2018 (a Super respresantive is the bookkeeper on the TRON network. The elected number will be a total of 27. They are responsible for verifying the transaction data distributed on the network to perform package transaction and create blocks). An increase is trading volume is driven by Korean and Chinese Exchanges accounting for roughly of all trading volume . ***The "Crypto Bottom Signal" used in this analysis is included as part of the Crypto Trade Signals subscription.***
by CryptoTradeSignals
TRX, TRXBTC - A Mid Term PerspectiveThis is an update on a previous analysis I did for TRX, TRXBTC. Analyses - After a dip in the market and another correction in TRXBTC, we've retraced back near the .5 retracement level of around 700 satoshis. - With the retracement, we have made the correctional wave ABC but for this to be confirmed, the price eventually has to exceed the B wave. Until then we still can get a failed impulse wave setup and move lower! Obviously much depends on the market conditions and BTC to go higher for TRON to be able to move higher as well. So assuming we'll get a better to positive market sentiment and with the expected mainnet launch by the end of May, we should see higher price levels for TRXBTC. If not, we have to reconsider and analyze the situation again. - If we move higher from here, then we're most likely at the start of a sub 3 wave with the mean resistance at around 1050 satoshis. When breaking out of this resistance level, we've made a big cup & handle pattern for wave 3. And my following targets and wave count for TRXBTC you can see on the chart. A lot can change in a short period of time and we can't predict the future but this is the current my wave count and perspective on TRXBTC. We will have to adjust when things start to change obviously but this is the big(ger) picture at the moment. 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
Tron (TRX) Ascending Triangle formed. Breakout possibility.With the Tron main-net launch coming out in the next two weeks, it is almost impossible for us to remain below the 850 satoshi level. We have seen strong resistance at the 850 mark, but support has been moving upwards on the 4 hour time frame. We already have hit to reaction highs and two reaction lows, so in theory the ascending triangle has been formed. Trade Signals: Rising support at 740 and 780 satoshi levels. Likely forming an ascending triangle. Still in an altcoin bull market, people still investing into new ICO's, evident from Ethereum transaction volume How to trade Buy in: Weak support around 820 with a tight stop loss, (suggestion might be 816) Somewhere on the trendline, currently around 800 satoshis. Sell targets: 865 -899 satoshis 1000-1081 satoshis 1200 satoshi level 1400 satoshi level (unlikely) Thanks for viewing! Please leave any suggestions in the comments box below. You also might want to check out my "tron private test" and "Tron (TRX) Time to get back in after the correction" charts. I am currently giving out some private high risk charts for day traders, so please message me if interested. They will be similar to the "tron private test" chart, but I don't post them publicly because tradingview prefers longer term ideas since traders cannot cash in on shorter day trade ideas.
Long
by HD1184K
2
TRX due to retest 200maOn the 4 hs, TRX double top, with SMA nearing a cross to a bear territory, volume decreasing, however in a trend wedge with favor the bulls and some big long positions sitting on the order book have been notice today. TRX is moving in a wedge formation at the moment, as said that this could mean continuation above the 200ma, but I have mix signals about it... I think by the time TRX maybe is ready for a bullish continuation move, BTC will fall further pulling it below the 200ma in the next 6-48hs. I deep below the 765 resistance would invalidate a trend continuation IMO, we will see it soon.
Short
by Allenvik
Tron update: After failed attempt to break 840satsTron didn't managed to sustain above 840 level (23.6fib resistance) and since then it has fallen beyond the 61.8fib support region, however as it dropped below 780 (61.8fib support) we saw an immediate effect with a bounce upto 808(50fib resistance level). All possible scenarios now: Bullish view: If we get another bounce from the 780 region then we can see a truncated wave 5: Target1: 820-840 till the 4H 20&50 SMA resistance levels. Target2: 870(less likely) Bearish view: If tron breaks below 750 then it will be heading towards my mid term analysis Target for Retracement wave 4 i.e 680sats region SIdeways: If there is no major buy/sell volume to break upper/lower levels, then we can expect sideways action between 780 & 810 sats region (50fib & 61.8fib region) www.tradingview.com
by rajista
1
Tron (TRX) Time to get back in after the correction (+22% BTC)Tron will be launching their main-net on May 31st, and during the month of June they will be electing their super representatives for the Tron community. It's easy to predict that the price will rally during the news, but the hard part is calling the bottom. Signals: BTC dropping to close to 8000 USD, which is the big support level for bitcoin. Bullish divergence forming on the 4-hour chart assuming we can hold our current level. How to trade: Buy In: - Current level of 730 if you believe downside is over short-term - 680-700 satoshi range which is likely where we get another bounce. I have set most my limit orders at this level. Sell Targets: 899 satoshi level (Main target) 1000 satoshi level 1200 satoshi level Stop Loss: Under 650 satoshis. The rest of my targets have been highlighted by a red square, but I believe the mainnet pump is unlikely to get too far past 1000 satoshis. My personal strategy for trading the hype for TRX. 1. Buy TRX at lowest level possible before first major awareness tweet & sell after bearish divergence on the 4 hour RSI. This date has been shown using the first vertical blue line. 2. Buy back in after a correction of at least 10%. Sell 90% 2-3 days before the mainnet launch. This date has been shown using the second vertical blueline. 3. If we are in a bullish trend, buy back in once again in after correction in anticipation for the TRX super representatives election. Thanks for viewing and good luck on future trades! If you have any comments or constructive criticism, please leave them in the comments.
Long
by HD1184K
3