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Tronbtc

Tron breakout will take place in a very short time.As you can see from the chart TRX is reaching the end of the pennant and this clearly means that we'll see a breakout, if volume increase. Theoretically speaking it should break the yellow support line at 395 but there is also the opportunity to form an uptrend. If this scenario happen, if there will be a breakout of the resistance line, we'd expect a huge growth in price. If price goes down that yellow support line there will be another support at 333 sats. If it breaks too, another one is at 220. Before entering every trade wait for the breakout.
by fedeman23
TRX FINAL STAGE IN GOING BEAR TO BULL..... NEW BOTTOM OR DOUBLE?TRX EVERYTHING IS CLEARLY LISTED.... WE BROKE UNDER MAJOR SUPPORT THE 38 FIBONACCI WHICH HAS HELD WELL RELATIVELY.... THE 100 DAY MOVING AVERAGE IS DIRECTLY UNDER THE PRICE ACTION RIGHT NOW AT AROUND 380 COULD BE JUST WHAT WE NEED. HOWEVER BEST TO UNDERSTAND THE OPTIONS. DOTTED GREY LINE IS THE MIDDLE OF THE CHANNEL. WE HAVE HIT BOTTOM TWICE AND TOP TWICE.... WE SHOULD ESSENTIALLY HAVE TO COMPLETE ONE MORE JOURNEY DOWN TO THE BOTTOM CHANNEL. HOWEVER THERE ARE THINGS IN PLAY HERE... BIGGEST NUMBER TO WATCH IS THE 380 LINE IF WE HIT 379 WE DONT HAVE ANY MAJOR SUPPORT IN SIGHT
Short
by savenido
3
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