Get started

Tronix

TRX correcting, then back to business after successful Test Net!We saw a pretty classic 1-5 Elliot Wave pattern at the breakout point. Followed by a possible ABC correction. The 4 hour MacD doesn't look ready to yet for a big buy pattern, but the one hour chart is getting close to that point. I don't think we'll see the C wave extend much further, but we could see some sideways action for a bit, as lots of people are selling for profits from the big climb. After the C wave is in, we'll hopefully start another impulse. But let's see what happens in the next day or so. Some important information on Test Net launch if anyone missed it: Test Net launch was a success, and is live. Realistically, this shouldn't impact the price much, as some people expected. Although, it is a great indicator for TRX that they now have an actual product, that was delivered exactly when they said it would be. Building trust from the growing TRX team is huge, and Justin has showed that he takes deadlines very seriously. This has me even more bullish about Tron for the long-term. As the platform expands, and there are actual use cases for it, we should see steady growth.
Long
by Pburke2323
TRON TRX Possible Scenario - Bull Flag Formation TRX jumped out of nowhere earlier today. (I've been told in the comments it got pumped because of a listing) Spectacular and all that. But a jump this big, this fast always has a consequence : running out of steam very fast. MACD 2H looks as surprised as we are, right now. :/ So, I'd say TRON is looking for some Snickers right now, to be ready to make the next Elliot Wave. Last time the 3rd Motive Wave happened was when 2H MACD crossed upwards. I expect a phase cycle of MACD 2H candles to be completed on the downard phase, before we can see another pump. With that in mind, I believe TRX will form a Bull-Flag Triangle or a Bull Pennant until that happens and the exit from that would be our queue for the next wave. I also believe this will take some time to happen - no rush. I also reckon a good buying area for the next Motive Wave to be between 530 and 580 satoshi. Dream Scenario would be a retracement to 500 sats, but I don't think that is likely, since MA(100) forms a strong support at 530 sats. With that in mind: lower than 500 sats and staying there = trouble.
Long
by reynar
10
We are wrapping up wave 2!! Potential big boy coming.The sell zone is really up to about 1540 for me but conservatively will be watching the 1618 level closely. We will see where we are going after wave 3 done. Wave 4 should retrace normal due to wave 2 retracing to golden pocket if finished now exactly 618 at 434. and 1618 of wave A. Mid april Until we hit wave 4 which ill be out on pending BTC movement. Everyone should be watching BTC obviously however we have a good technically sound wave 1 and 2
Long
by savenido
3
TRX/ETH Room to Run.Looking at TRX growth over the last few days we see that there was a substantial increase in overall volumes being traded on the chart. Looks a bit sketchy and artificial. Looking for TRX to continue to show movement to the upside on 14 day moving average. Seems to want to continue its uptrend as of current. This may not be the best time to enter a trade long. I'd hold off to see if its going to find support in it second trend line before making a move up for a top squeeze. We'll have to wait an see.
T
by HustleEconomics
TRON (TRX) BINANCE MAIN NET PAUNCH - COIN BURN UPDATE - (L)You can't go wrong with TRON TRX. If you agree, best thing would be a long term trade. I see great future for TRON. Team along with CEO have demonstrate competence with the project and have followed dates very strictly which give me confidence in greater future for TRON. As I always tell my members, XVG and TRX are a must have haha. I do not care what anyone FUDS about TRON regarding it's 'huge' supply of coins and that price will not grow dramatically for TRON. I disagree with that entirely. Look at current market cap. It's laughable, Apple is worth more than all crypto's combined. Just think about that before spreading FUD in comments below. BELOW IS A QUICK SUMMARY OF TRON TEST NET LAUNCH VIDEO STREAM JUSTIN SUN AIRED - ENJOY Overall, Justin Sun did a great job firstly on timely release of Test Net and second of all with the actual live stream. He talked about getting Tron listed on more mainstream exchanges (smells a lot like Coinbase), as well he talked about introducing more trading pairs for Tron, emphasizing most of his attention on USD pairs. He also mentioned about their team size increasing to over 100 people who came from Alibaba, Alipay, Amazon and other large companies. He said that Tron is much more then just a ‘gaming’ currency and that they will surpass volumes of Ethereum and even Bitcoin. OVERALL THOUGHTS Tron network was the main talk on live stream with possible Ethereum/Tron airdrop happening in near future in attempt to acquire more users to migrate from ETH or TRX. Their goal is to dominate Ethereum, which is a huge statement from Justin. My thoughts are these… Don’t FOMO, because usually when it sounds too good to be true, it just might be. Can we make good profit on this coin? Possibly. Will it be the next big thing? Likely, however watch it cautiously please. “TRON beats Ethereum today” - Justin Sun. It’s clear that this is their main competitor which they aim to destroy. WHAT TO WATCH FOR IN FUTURE? At this time we will be looking towards mid of April when news on Main Net will be released and then towards June when we will have a possible Main Net release with coinburn. Coinburn —> to issue 1 TRX for devs, over 1,000 TRX will have to be burnt
Long
by CryptoManiac101
16
TRXBTC Bittrex 4H up to 02APR18 Trading Analysis (TA)TRXBTC Bittrex 4H up to 02APR18 4H Chart, also works in 1H, at this time the TRON (TRX) once tested RESISTANCE ZONES 4 & 2, is keeping the UP TRENDING LINE (In green) and the RESISTANCE ZONE 1 became into SUPPORT ZONE 3, plus the SUPPORT ZONE 4 became into RESISTANCE ZONE 2, if this pattern keeps positive, taking in account the ascending RSI and the aboout to cross MACD, the SUPPORT ZONE 3 should be the beginning of a new ascending movement to test and break RESISTANCE ZONE 2, if the wind does not blow enough our ship could go back to SUPPORT ZONE 2 for refueling. At this time the Market Cap in hovering over 260 Billions. Good Luck! 4H Chart, también funciona en 1H, en este momento el TRON (TRX) una vez probado RESISTANCE ZONES 4 & 2, esta manteniendo la LÍNEA DE TENDENCIA ASCENDENTE (En verde) y la RESISTANCE ZONE 1 se convirtió en SUPPORT ZONE 3, ademas la SUPPORT ZONE 4 se convirtió en RESISTANCE ZONE 2, si este patrón se mantiene positivo, teniendo en cuenta el RSI ascendente y el MACD con intenciones de cruzarse, la SUPPORT ZONE 3 debería ser el comienzo de un nuevo movimiento ascendente para probar y romper RESISTANCE ZONE 2, si el viento no sopla lo suficiente, nuestro barco podría necesitar regresar a la SUPPORT ZONE 2 para reabastecimiento. En este momento, Market Cap se mantiene por encima de los 260 Billones. ¡Buena suerte! "Bitcoin will do to Banks what Email did to Postal Industry / El Bitcoin le hara a los Bancos lo mismo que el Correo Electronico hizo a la Industria Postal"
Short
by rodulfox
TRON Trading Opportunity, Increase your position before launchSignals: TRX/BTC showing signs of strength, high volume on top 5 exchanges. RSI nearing 70 Stoch RSI tapering off What you should do Risky: Sell under the 0.786 retrace, or at 452 satoshis, and buy back in at support of around 390 satoshis Safe: Sell at resistance of 403, at 0.5 retrace, buy back in at support of 390 satoshis. Alernative: Ride the wave and sell during or after test-net pump at 514 sat target. Reasoning: This gamble can likely increase your TRX position by around 10% while you wait for the test-net pump Please criticize me so I can improve my technical analysis. Thank you
Long
by HD1184K
3
Lets hope TRON(TRX) doesn't brush the dust off its shoulderpeople say you can see whatever you want to in a chart......this just so happens to be what i see. I have just started playing with elliot waves so it may be eschewed....... but...if this is right, then the right shoulder will be the suckers rally Good luck Sirs, Madams, Attack Helicopters, feel free to constructively criticize as allways *NOT FINANCIAL ADVICE*DON'T RISK WHAT YOU CANT AFFORD TO LOSE*THIS IS CRYPTO ANYTHING CAN HAPPEN* XOXOXO
by Ziggit
LONG TRX TRON UPDATE - SHORT TERM SET-UPWelcome back fellow cryptolovers! Here is an update to my previous posting about TRX/btc 6.97% . I want to point out that I do not believe W5T2 will hit, but it is still in play. As noted previously, we were 4 satoshi off of our target 1 on the last chart, and 10 satoshi off on target 2. Not too shabby. However, I think it is pertinent for us to take a look at the 15 minute chart to get an idea of what to expect leading up to the test-net launch. After that, good luck to all! As we can see, after impulse wave 1, we see wave 2 retrace to only the .382 level. This means that we can expect a forceful bounce upwards with wave 3, which definitely happened, as the extension of wave 3 reached the 1.618 levels. This gives the possibility of hitting the 2.618 extension levels for wave 5. Assuming wave 4 will be a longer retracement because wave 2 was short, we saw wave 4 retrace to .786 levels. The forcefulness of our impulse wave 5 will be reduced due to wave 4 reaching lower levels, which is why I believe W5T2 will not be reached. Two targets are in play for wave 5: W5T1 - 676 W5T2 - 720 The retracement of waves 1-5 depends on the size of Wave 5. If it hits 2.618 levels, we can expect retracement to .382 or .5 of the WHOLE wave 1-5 cycle. IF Wave 5 hits W5T1 W1-5T1 - 633 W1-5T2 - 621 IF Wave 5 hits W5T2 W1-5T3 - 662 W1-5T4 - 644 Thanks, and as always, if you have any suggestions or comments please let me know!
Long
by alexghs07
TRON TRX ON MAJOR BULL RUN - TEST NET - COIN BURN - MAIN NET - LTron TRX is on a major Bull Run potential. I would recommend for everyone to forget about there short term targets and just stay in for long term. If you've been in the game for a long time, then do profit sells and refills along the way as you see MACD crossovers on 4H charts which is one of the best ways to track short term price corrections and retractions. With that said I guess you already figured that we personally will be staying in TRON TRX for a long time because potential for it is huge and with successful Test Net launch, current price valuation will be massively undervalued. Let me highlight 'successful' Test Net launch. That means that if something does go wrong with that release we may see price retraction in short term. MACD still indicates ways to go, RSI indicates short term re-tracement at least to our RSI support area indicated on chart. Members will receive more updated on this trade and when to buy or sell. Invest only what you can afford to lose or you're going right back to poverty on drop. We are not your financial advisors.
Long
by CryptoManiac101
22
Raise TRX from the dead!ENGLISH : TRX has stablished this same region as bottom for some time now. Every single time it has went lower, it bounced right up to the same channel again. Now, Tron is getting closer to a very important downtrend line, originated in January 19th, which has served as resistance and has NEVER been broken since that day, not even by a shadow! Ok, but why would now be a good moment to buy? Wouldn't that mean that TRX will hit the wall of despair and go even lower? I don't think so! Since its downfall from the 0.00002 ATH, TRX has never had an important divergence on OBV... until now. Such a divergence shows that, even though the value has been falling since February 28th, the volume of green candles has been WAY BIGGER than the volume of the red ones. That's an important indicador of tendency change! Such a thing so close from this major downtrend line? Let the dead raise from the ground! PORTUGUÊS : TRX estabeleceu essa região como fundo já faz algum tempo. Todas as vezes em que a moeda foi abaixo, ela foi jogada depressa de volta para esse mesmo canal. Agora, Tron está se aproximando de uma importante linha de tendência de baixa, originada em 19 de janeiro, a qual vem sendo resistência e até então NUNCA foi quebrada, nem por uma sombra que seja! Ok, mas porque agora seria um bom momento para comprar? Isso não significaria que o TRX baterá no muro do desespero e irá ainda mais para baixo? Eu acho que não! Desde sua descida da ATH de 0.00002, TRX nunca teve uma importante divergência no OBV... até agora. Tal divergência mostra que, apesar do preço vir caindo desde 28 de fevereiro, o volume das candles verdes têm sido MUITO MAIOR do que o volume das candles vermelhas. Isso é um importante indicador de mudança de tendência! Tal fato tão próximo dessa linha de tendência de baixa principal? Que se levantem os mortos do chão!
Long
by MatheusFranco
TRON - MOON OR PIT? Looking at the 2 Hour chart, we can see that the 4th wave of Elliot wave cycle is about to get completed. From here, there 2 possible scenarios: 1. It can complete this 4th EW and then head or the 5th wave i.e uptrend. 2. It can keep going downwards and make H&S pattern. WE have to wait wait for some more time for the confirmation on any of the scenarios. I signalled to buy TRON when it was trading in 430-ish range. Congratulations to everyone who followed my previous trades and locked in some profits. The positive factor which can support upward movement of EW is that TRON is releasing it's TEST NET on 31 March . A lot of hype already. So, expect some significant increase in price. P.S: This is not an investment advice. This is for educational purpose only. Invest at your own risk. Good luck trading.! Peace.
Long
by johntradingwick
6
TRON decision time - 6 Possible Elliot Wave Counts & 5 ScenariosWe are approaching a time where TRX has to decide what it would do. BTC may decide it for us 'thou if it continues to fall. So keep an eye on it too. 6 Possible counts with 5 scenarios , starting from best-case to worst-case: ( Also MACD seems to want to cross, and RSI is staying in >50 area. All the counts are based on different Fib levels, depending on the Initial start. 1) GREEN + Purple It will start 5th Major EW now and go in 600-700 satoshi area. The Purple correction count is confirmed. Scenario happens: IF it stays above 495-500. (you can really stretch it to 485 if you're *that* hopeful) AND IF it breaks out of MA(25). That means >520 satoshi. Let's say 530 to be safe. 2) Pinkish(?) White. We are approaching another 5th Wave of correction and White-ish count is confirmed. TRX 2.51% might still breakout from this one. 3) Second GREEN. After Pinkish correction, 5th Wave of MAJOR EW starts. 4) RED - EW possibly failed We are still in a correction and it's heading to 420 (haha). Confirmed if it starts GrWave2 and does NOT pass 490 resistance. (maybe even 500, to round it up nicely) 5) Yellow The same as RED, but basically...slower And as a side note... I believe TRX on very long term (months/years) is NOT a 'HODL'. 'CEO' acts like a con artist too much. But we can make a decent profit of it right now.
Long
by reynar
Updated TRX Elliot Wave.If it follows an ABC correction, we might see it breakout now. If it follows an ABCDE correction, we will see it breakout a bit lower. I think the lowest point it will reach wi;ll be around 500 +/- 20 satoshi (area in yellow circle). Boll Bands seems to be closing up. MACD *might* have reached its downwards peak. (no confirmation yet). And buyers seem to be coming in, based on that last volume impulse. Somewhere in the yellow circle, the next wave might start. Worst case: starting at 450 satoshi based on Fib Retracement. Keep an eye on MA, MACD, RSI and Boll. Safe target: 630 satoshi Medium Risk: 650-670 satoshi Greedy target: >690 satoshi If you're gonna go for the greedy target, move S/L up with every new impulse.
Long
by reynar
2