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Small update from my last TRX postI think TRX is getting to the point where its either going to drop or pop up to the dotted line and test the resistance here. if it doesn't bounce off the dotted line, we might experience a double dip back to our previous low. This is just my two cents, please let me know what you think in the comments. if you havnt seen my previous post, go check it out, it is still staying true to my previous prediction. this post is just trying to narrow down that prediction.
by Earl_of_Crypto
Tron ready to move!Tron had a massive 5 wave up and ABC correction back down and appears to have broken its downtrend. Nice volume came in as seen with arrow as downtrend was broken. I entered at the break of downtrend and had a mental stop around 645 sats but it seemed the crack of that level at arrow was just to shake people out. If it would have cracked much lower on heavy volume I may have exited and re entered lower. I think TRX is ready to make a move up now.
Long
by shootinshredder
1
Tron TRX Forecast - An Closer Look Helps Paint The FutureFollowing my previous chart which showed Tron's potential, I am now taking a closer look of how the chart should make it's way up in a conservative manner. However I must point out that there is nothing conservative about TRX. When it pumps it pumps hard and when it dumps it dumps harder. The chart depicts an upward trend following the long-awaited bullish reversal. In order to retrace the prices in a more accurate manner I've decided to omit the swing low (382) and take the next swing low (478) which actually confirms the reversal of trend. I've taken into consideration the chart's bearish trend angle and averaged it to around 30 degrees which in-turn used it to trace the bullish trend pattern. Since bullish reversal is most likely confirmed I've decided to go for the Elliot's Wave to support my idea. I've labelled the support and resistance levels through multiple Fibonacci retracements and extensions. The process is much more complex but I've decided not to clutter the chart and keep it simple. Chart does not take into consideration BTC's price. Hope this helps create a clearer picture of TRON's future price. This is not an investment advice, always do your own research.
Long
by itradearn
10
TRX - waiting for big Volume ( daily chart )TRON Fundamental : -New Chinese startup driven by enthusiast Justin Sun ( Forbes asia under 30 ) -Partnership with Baofeng group. Baofeng, aka Chinese @netflix, boasts more than 200 million users as a video portal giant and has achieved 8 billion CNY listing in Shenzhen stock exchange -TRON Union Core Member Peiwo APP Won China’s National High-tech Enterprise, which is issued by Ministry of Science and Technology ,Ministry of Finance and State Administration of Taxation. -Game dot com will make TRON puppies game English and Korea version -and still many things like alibaba employee ,bla..bla..bla negative : -too early -copy white paper ( but yeah it's chinese and they do have language barrier ) -marketcap at 7B and without any delivered product yet -and Litecoin charlie seems.... Technical Analysis ; watch that key level ! people gonna FOMO back in my opinion : nothing impossible in crypto world, Tron will survived all the FUD i'm going to Hodl Tron for longterm position Neutral Buy -
by johnson_crypto
7
#TRX #TRON +78% target 0.00001456 BTC next 28 hours1h charts show a second bullish flag after the first bullish pennant rally. See updates for that chart. 4h charts show we're entering into the ichimoku resistance cloud with a great chance to break through to the higher level with the 1h upcoming +24% rally over the next 6 hours. 4h charts also show that we are forming a bullish flag with a combination of the two 1h chart rallies, for a larger rally with a target of +78% overall. First Target: 0.00001017 Second Target: 0.00001301 Third Target (completion): 0.00001456
Long
by Tin.Foil
14
Tron TRX Forecast - The most FUD'd CryptoCurrencyTron is the most FUD's altcoin to date. However TRX has the potential to actually rocket to the moon and out of orbit! History shows us the most controversial companies are usually the companies which revolutionise the industry. Tron has the capability to do this. What Tron is trying to achieve is incredible and it comes to no surprise the amount of hate around this coin. Chart shows support around 450 - 500 area. Considering BTC is down, TRX is building foundation around this area. Basically TRX shall start again from where it pumped to 2,000. Tron has yet to release a product and we are sure that Justin Sun is beefing the developer's team. Investor's are hoping for a partnership with Alibaba imminently. Investors also want lambo's overnight :) It seems obvious that Jack Ma is showing interest(does not mean financially) in Justin's start-up. I find it hard to believe that a start-up company is stealing senior developers from the biggest retail company in the world. Jack Ma MIGHT be "transferring" these developers. Eventually if TRX's product is successful, Alibaba's partnership won't seem far off. Think about it! This is not an investment advice, always do your own research.
Long
by itradearn
2
TRX/BTC What Is Actually Going On With Tron? The Decision Point.Hey Everyone! I am Back with a analysis on Tron. You are definitely not the only who is sad by looking at descdending Tron graph. So I told myself, I will do an Analysis on what is actually going on, I hopefully made it simple so anyone can understand it, learn something and find a good position! I am a Fan of Tron, I am definitely holding. It had huge breakout, but the sell wall was the same as breakout.. What does that mean? Looks like everyone has taken their profits or as lot of people says Whales. People/Companies with big Wealth manipulating the Market. Back in the Chart. We can see a huge Falling Wedge that has formed. "The Falling Wedge is a bullish pattern that begins wide at the top and contracts as prices move lower. This price action forms a cone that slopes down as the reaction highs and reaction lows converge. In contrast to symmetrical triangles, which have no definitive slope and no bias, falling wedges definitely slope down and have a bullish bias. However, this bullish bias cannot be realized until a resistance breakout. The falling wedge can also fit into the continuation category. As a continuation pattern, the falling wedge will still slope down, but the slope will be against the prevailing uptrend. As a reversal pattern, the falling wedge slopes down and with the prevailing trend. Regardless of the type (reversal or continuation), falling wedges are regarded as bullish patterns." 95% Retracement just shows the Market manipulation.. This is not really seen.. Although Tron has huge Volume, It havent still broke out. So we Have 3 ways, 3 posibilities, 3 scenarios. Green. First of all the Positive one, I am bullish on this one. Classic ABCDE Breakout, approx. 240%. Cyan. The Boring One. It will just bounce from its support and form a channel. Can fall under support or break the channel resistance, but it will take some time. Red. The Nigtmare. Bad Volume. Big sell walls. Panic. We are Under the first support line. From there it will fall to second one, and stay in that channel for some time.. Could go down, Could go lower.. What more to say? Good Luck With Your Trading. Hope my analysis helped you a bit with your decision with Tron consider leaving a Thumbs up I really Aprreciate it :). If you have any questions feel free to comment bellow! Thanks!
by TiborVrbovsky
46
TRX/BTC - Free Falling till 0.00000413 and then to 0.00000223I noted important points on the graph, but let me explain a bit. TRX broke all good and strong supports and felt into the Free Falling area . The market itself will push it into the dip unless some whale investors buy huge amounts. So it's all up to chance now. However, you can follow news about TRX. Anyway, I'm not optimistic about that. There can be hope if only it passes above 0.00000709 point which is the First Resistance (weak) . In my opinion, It'll fall till 0.00000413 which is Very Weak First Support . And then if it falls below this level, it'll drown to the level of 0.00000223 which is the First Strong Support level . However, this means 100% decrease when we compare it with the current level. After this point it will have 2 options in the LONG term: 1) To pump to the moon again; 2) To lose all its power sinking towards the dip level of 0.00000025 which is the next Lasr Strong Support level in current situation.
Short
by franzfransua