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Tronbtc

TRON (TRX) Analysis - Bullish OutlookPlenty of hype surrounding this coin that is yet to describe a code/node/blockchain product. Justin Sun seems to want to concentrate on marketing and creating hype before delivering any real product. Price movements and trends would indicate a potentially bullish outlook for now. Chart described: Blue curve - early slingshot to drive pricing into the downward pointing triangle Purple triangle - downward bullish indication as sellers lose steam, buyers enter Elliot wave from lower point of bullish triangle. First attempt at charting, any ideas appreciated :)
by jackspacee
7
Tronix (TRON/TRX) Descending Wedge - Updated ChartBy request, I am publishing the updated chart for Tronix (TRON/TRX) with the appropriate trend lines and targets. I posted the chart image in the idea, but images are static, so it can be more convenient to see a better fitted chart updated in real-time. As quoted from my update: "I roughed out 4 resistance lines: 1. 0.00000986 BTC 2. 0.00000910 BTC 3. 0.00000805 BTC 4. 0.00000685 BTC As you can see by the chart, we have approached these resistance lines and bounced off of them as we have approached them moving down the wedge. We are still looking fairly good - low RSI, candlesticks respecting trend lines, and moving closer to the end of the wedge. Since we have moved down farther, I have made 2 new targets, depending on where we break out from: 1. 0.00002030 BTC 2. 0.00002200 BTC I believe that likely we will continue to move down the wedge at this point, as traders attempt to shake holders and attempt to buy at lower prices. We are moving down the resistance lines, and soon, we will hit the last one. The wedge is bullish, RSI is bullish, and things are moving along as they should. I doubt that most of the market cap will disappear in a sell-off - bullish movement seems like the logical next step. That being said, always wait for confirmation, and be ready to move in either direction. Trade with care." For now, we'll have to see whether volume picks up or not, this may very well be the calm before the storm - especially as there is a bullish pennant forming on the 15-minute chart right at the edge of the liftoff. Let's see where TRON/TRX decides to go. If you like my analysis or I helped you in any way, feel free to send a tip - any support is greatly appreciated! BTC: 37Y9BfaRS65fAXK3swnW8EWG9NDPeF2wrM ETH: 0x97F20b3536dB21C07691fD46e021bCDd8e49483e
by Luiserebii
5
Where does TRX go from hereTron was the bell of the ball for a few days there and since the BTC and the others of the holy trinity have surged it has laid dormant. It is now at a crucial juncture of a negative trendline, a support line and the 100 day MA. where it goes from here could decide whether or not is goes bullish or remains sleeping for the time being. Im looking for it to come back up to previous resistance(around 1350 sats) and consolidate and remain bullish into the coming days.
by jaffonso23
1
New TRXBTC +176% target 0.00003555 BTC over next 48 hoursGreen arc shows previous 61% fib retracement before the continuation begins and a rally up to +176% completes within the next 48 hours. My previous position is already filling up well. New position has been marked with stop-loss location 0.00000939. Target of 0.00003555 BTC. The rumor and hype about the upcoming announcement from Tron over which retailer they are partnering with (Alibaba possibly) may FOMO this until Chinese Monday (Sunday night for those of us here in the US), at which time, it could go crazy with +1000% gains over the 7 days following the announcement. A strong HODL would be nice.. Keep an eye on XRP as well. XLM may also look nice. SC (Sia Coin) is doing well, steady gains. Don't put all your eggs in one basket. Have some diverse coins. I like to hold a couple or a few that are low value, plus a few others that are higher value but lower volatility (5-15% daily) and others that may see gains of 30-50% (like SC). This way if I lose on something like TRXBTC, I can fall back to something else, or make up some losses as the markets shift and wane.
Long
by Tin.Foil
24
Tron Respecting supportHello Traders, an update on TRX A good place to set a buy order is at 0.00001150btc but don't be greedy and miss the next move. Big news tomorrow don't miss it. CEO Justin Sun tweeted 7h ago, Five brilliant developers from #alibaba #Microsoft #JD #PKU just joined #TRON this week. I will introduce them in the live streaming tomorrow. If you are a developer and interested in joining #TRON please email your resume to our ex #alibaba tech head lucien@tronlab.com. Best of luck.
Long
by SethNegley
5