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Tronbtc

TRON [TRX] expands their tech as platform adoption increases!TRON has increased its technical team slowly and steadily with the new value addition being Matt Yue —the former Senior Software Engineer of Meituan and LeEco. Tron is a platform that aims to transform the Internet back to a decentralized platform by giving the power back to the public instead of centralized architecture. Though it’s token TRX has been trading in the down low like all other tokens, the platform has seen a steady increase in the number of people signup with its products. With an average daily volume of $137 million and a $236 million market cap, the current value of the token is at $0.039
BITSTAMP:BTCUSD
by ambcrypto
1
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
TRX token moves downwardThe TRXBTC bearishness continues as price pushes yet again to new lower lows. The most recent bear flag (orange) could be broke in today’s price action after yesterday’s daily candle signaled indecision, the downtrend “party” might not be over as yet. I expect, TRX price will test the 100-day moving average in the next few weeks. Yesterday, the token was unable to break out above the resistance line and had retreated, and trading below the 50-Day EMA. The RSI is near the 50 level a sign of indecision. The MACD is still below the zero level. If the MACD turns down through its 9-month moving average, it will be a sell sign.
by LudwigStirner
TRXBTC Binance1 Day Chart, shows in RED LINES the BTC trend, and in GREEN the TRX Trend. I estimate buying on points (2) and (4) of the Elliot Waves and selling in points (3) and or (5). Good Luck This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes. Diagrama de 1 Día, muestra en LÍNEAS ROJAS la tendencia de BTC y en VERDE la Tendencia de TRX. Estimo comprar en los puntos (2) y (4) de las Elliot Waves y vender en los puntos (3) y (5). Buena suerte Esta es solo mi opinión, haga de ella lo que desee. ¿Qué significa esto? ¡Significa que no es un consejo o una recomendación comprar o vender nada! Solo se debe usar con fines informativos o de entretenimiento.
by rodulfox
TRX channel testedHere we have a channel that had been formed using an inside pitchfork. I believe it was below the median line due to people losing faith in such a large sell off of TRX mixed with the FUD in the crypto space. Those who HODL will do well. What I am seeing is a nice little bump in faith around the Feb 9 moving the candles above the median. We have tested the upper line of the channel and are testing it once again. The current testing candle on this view, is an inverted hammer shape. Testing the resistance with an inverted hammer is a bullish sign in some cases. If this closes in this shape. Check to see for a higher open and close on the next period to validate this as a bullish signal. If this is not the case. Expect the trend to stay channel bound. I see a longer wick as a sign of a greater potential for a reversal.
Long
by spaznull
Update 2: TRON - the FUD coin, stop dissapointing!This is an update on my below linked studies of Tron. Yesterday we broke through the 4h Ichimoku which means it is cloudy today. The cloud that could have lifted us out of the descending triangle now became overhead resistance. Not only that but Tron also fell through the 50 EMA which now became another level of resistance. I have drawn a Gann fan in line with the blue trend-line (refer to prior analysis or comments on chart to learn about it's origin). As can be seen we are now trading in the sky-blue zone of the fan, one level lower would be the purple zone which EXACTLY coincides with the tip of the descending triangle. As mentioned in my original post we need the descending triangle to be broken to the upside after which ideally we would like the 50 EMA to surpass the 200 EMA AND and Tron to surpass the blue trend-line AND 0.382 fib level. This is a study of Tron, don't use as financial advice.
by epitome
2
Update: TRON - where will it go next, can the support hold?This is an update of my analysis linked below. As can be seen from the chart, Tron fell through the 23.6% support and is now clinging to the 50 EMA. I wanted Tron to move above the Pink line which is the upper apex of the descending triangle, but it looks like it has some difficulties. The main observation from this update is that Tron now seems to be heading for the 4h Ichimoku cloud for the area where it is thinnest (circled in red), if it fall through here the chances that Tron can move out of the descending triangle might become even smaller. I would wait with buying Tron until it is clear if it can make the move up (see prior post linked below). This is just a study of Tron, don't use a financial advice.
by epitome
TRON - where will it go next, can the support hold?Welcome to my analysis on Tron. As can be seen from my prior posts, I am a fan of the project and would love to see it go up, but that is not relevant here. I added my comments within the graph for easy reading. We can see that Tron has formed a descending Triangle together with the red support line. The same Descending Triangle can be spotted in the volume. The blue trend line originates at the start of the rally (around December 12, 2017) and runs through the all-time low (after the rally) of January 16. The blue trend line was broken shortly after the 50 EMA lost to the 200 EMA. After Tron fell through the trend line on February 1, we can see that, together with the 0.382 fib level, it became upside resistance through which Tron could not consistently break through two days ago. After it hit its head on the trend line it fell right down and is clinging for support on the 0.236 fib level. The red support has proven hold numerous times but in order for it to remain strong we need the descending triangle to be broken to the upside after which ideally we would like the 50 EMA to surpass the 200 EMA AND the blue trend-line AND 0.382 fib level. These are ALL major resistances. I would already be happy to see Tron just break the Descending Triangle in order to invalidate it. If Tron manages to break all resistances mentioned above and further could pierce through the 0.5 fib level we might just witness the revival of a new uptrend. This is just a study of Tron, do not use as financial advice.
by epitome
1
Update 3: TRON - too much resistance?This is another follow up update on Tron. For prior analysis please see links below. As we can see from the chart, Tron tried to break out from my descending triangle 2 times in a row but was stopped right there. It broke 2 times through the 50 EMA though and is currently trading above it. The reason it is difficult to break out of the descending triangle is that it coincides with some other resistance levels such as the 50 EMA, the 200 EMA, and the 23.6% fib retrace level. I would like to Tron move out (NORTH!) of the descending triangle and out of it's sideways movement. It might move out of the descending triangle, but volume is also decreasing at the same rate as the triangle (see volume at the bottom of chart) so we might have to wait some time to witness some positive action. The following is not financial advice: For now, if you own Tron and have not sold by now I would hold it, nothing much we can do at this point. If you look to get in on Tron, I would wait for a confirmed* breakout or buy when it stabilizes in the - in my opinion - less likely event the red support does not hold. Remember, the red support has not been broken yet! *confirmed breakout: "As mentioned in my original post we need the descending triangle to be broken to the upside after which ideally we would like the 50 EMA to surpass the 200 EMA AND and Tron 3.65% to surpass the blue trend-line AND 0.382 fib level." - ALSO at this point we need to move above the 50% fib retracement. This is a study of Tron and should not be used as financial advice.
by epitome
4
trx price analysis (tron price analysis)hey friends trx is forming falling wedge and it have a good chances for breakout don't buy now wait for breakout I have circled their buying volume is increased and it may breakout soon wait and watch for breakout it needs to breakout with good volume we can see that cmf showing negative it needs to form upside which shows trend and volatility with good volume so wait breakout soon buy after breakout good luck , keep earning, good bless you.
by Sunny_Sharma