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Tronix

$TRX Market StructureHey! There are so many altcoins that are bottoming out on their previous lows. What we see right now are Double Bottoms or bottoming out on the Market Structure that acted as a rebounce area many times in the past. We see that type of structure on almost nearly all Altcoins right now. So what do you think will happen? If I had to take a guess then... Most likely many altcoins are dipping below those expected "double bottoms" or below those expected "Market Structure" targets that acted as a bottom target. AND THEN. They are going to rise back up. What is that? A big Bear-Trap on most of the altcoins. As good as all traders were predicting those low targets as Buy Targets - So what the Whales instead do is dump the Prices below those expected Bottoms AND THEN later on we rebounce back up above the Market Structure. Big Bear-Traps playing out right now. Don't get shaken out guys!!! Follow for more Analysis! :) Wish you all Best!
Long
by TradingandNews
Tron (TRXBTC) Will be a good buy and hold once it comes down.Check out my previous Tron ideas. Up over 50% currently. While it does look bullish, don't buy until it retraces back into the buy zone. This could take a couple of months. The main ideas are on the chart. Looking at the Tron community, they seem like fanatics, just like the XRP community. That is good for the coin, since they are likely to hold and create more demand. When the next bull run arrives, this coin will perform well. Thanks for viewing! Buy a million Tron and hold them. Treat it as a long term investment. Be prepared for it to go to zero, but I doubt that will happen. Now is the time to be buying some of these altcoins. Many are below their ICO price. If there is a good one, buy some and forget about it. The winner will likely negate the losses of the coins that go to zero.
Long
by HD1184K
3
Tron Train to Rekt CityI'm on a highway to hell With so much positive action going on in the space right now, it's hard to stay in any TRX position with the chart looking this ugly. Volume is anemic and the Jan push up was spurred by BTT hype. There aren't alot of tricks left up Justin Sun's sleeve and social media really destroyed him for screwing up a recent Twitter giveaway. The charts don't inspire confidence, neither does public sentiment. The interior of my bands is the 20 ema and TRX consistently resides below that. And by consistently I mean ~200 days since Jan 18, 2018. It lives there. It has had two different periods of trading below the 20 ema for >30 days, and the first period was followed by more lows, and more trading below the 20 ema. Those periods are marked by the info indicators on the chart. Currently the boll bands are opening up like a rattle snakes mouth injecting consecutive daily red candles that extend below the lower bands. This type of action kicked off the most recent downturn in Feb 19. If it blows through 500 sats, which I think it will, it has very flimsy support at 396 sats. If people are checking their blockfolio, and majors are posting moon candles everywhere, they're going to hate seeing Tron bleed out in their app. Their going to bail, and it will end up in a very critical zone marked in blue. Personally I think the Tron, um, supporters will step in and guard that zone pretty well. 300 sats will probably bring a QE styled defense or we'll see a really odd string of announcements around then. If 220 sats fails, it's game over. Full disclosure in that I held a position in Tron until I dove into this chart tonight. On Binance right now, 1000 tron will net you roughly 1.3 BNB. I'll check back in 6 months and see how this played out.
Short
by LoDoCrypto
TRX Target Hit! But we're still at the mercy of the Bear's bite!Hello Everyone, Welcome back to my latest TRX Update, Here We Go: The 0.02200 Long Target hit with room to spare (I have included previous analysis on 3/1 for comparison). TRX's movement followed my charting channel from the bear flag very well (blue and black dotted lines) and with considerable accuracy, I was able to update and enter slightly lower at 0.2120, it dipped as low as .20. Tron ended up dropping a lot faster than I had initially anticipated, it has been a slow sideways mover over the last several weeks into well over a month now. The yellow circles are the entry points for long positions that I have been using. Now...... I wait and see which way we go next. If this drops again, I have not decided if I want to dollar cost average or, set the appropriate stop loss and re-enter. I will make that determination depending on what the market shows me and how far it looks like it will drop. If we drop steeply, I will take a stop loss position and re-enter at a lower cost. Small drops, I will suck it up and DCA. If we rally upward, I will again see what the market is showing me and make the decision on letting it ride or pulling profit when the time comes. Too soon at this point to predict with the volatility that's been going on, not to mention the major BOT trading that I think was going on ALL weekend! Major buy/sell walls that perfectly inline and holding price points for a significant amount of time, can you say BOTS!! Earlier long entry points of .238-.239 are still valid if we rally upward. I would personally wait for confirmation of an actual uptrend rally before entering any higher than .023 at this time. Short positions can be entered into now as well, if......and that's a big IF, you are brave enough to take the risk and enter now. I say this because we are in such a major downtrend with the bears in charge so there is great possibility of this dropping and retracing even lower. However, tron is due for another rally so, there is a lot of risk to enter a short position. My indicator is signaling a small short position entry at this time due to the significance of the trending bear conditions. If you take a short position I would consider setting a stop loss for .024. Stochastic is at 13 which is in the oversold range. RSI is at 38 which is on the border of the oversold range as well. We are below all of the Moving Averages except the 100 SMA (.0217) and 200 SMA (.0219). We've been in this major downtrend for the last 8 days. Based on TRX's performance since January of this year, it seems to change from uptrend to downtrend and vice versa every 6-10 days. At the time of writing this, we are back up to the 0.786 fib retracement at 0.0229 and climbing, which, is in a major support zone starting at roughly 0.021 with major overhead resistance at 0.026. Please keep in mind that we are still very much in a downtrend and at the mercy of the bear. There will be the monthly BTT airdrop for all TRX holders on March 11th, we may see a brief rally at this point however, I am not hopeful. The BTT airdrop played no effect on the price of TRX during the February 11th airdrop, in fact, we even saw a slight decrease in price. Hit that follow or like button if you find this analysis useful or helpful. Good Luck and Happy Trading!! AWC **For Educational Purposes Only. This is not meant as any buy/sell trade advice, trading is volatile and at your own risk.*
BITFINEX:TRXUSDLong
by AWColumbo
TRON/BITCOIN (TRXBTC) LONG BULLISHThe TRON bulls have remained strong since the New Year has elapsed. The project has survived the immense FUD that was unfairly postulated by haters and pessimists. During its bear market period since ATHs of 0.25 the TRON foundation has made fantastic progress - always keeping ahead of its agenda. The TRON ecosystem will continue to grow as more users flood in and the DAPP floodgates open up. This is not a project that you want to miss.
Long
by StirlingBishop
Tronix ($TRX) - possible pennant / falling wedge pattern.$TRX had been bullish last few month and now price seems to start retracing. Since January 2018 $TRX is showing declining volume which also indicates that it's inside of some kind of the formation. In my opinion we might expect $TRX to retrace to green box area and it would be a great place to buy some. However if price is going to break both resistance lines (blue) and show some decent volume then this idea would be invalidated. And price may even go back up to previous ATH. Buy - green. Sell - just below resistance lines (blue). Do not forget to set up stop losses. I do not recommend to use this chart for margin trading. It's not a financial advice. Trade carefully and good luck!
by elefante
TRXUSDT: Cheat Sheet (up to 55%)Here is my plan on how to play both directions TRXUSDT might take: In case of a breakout to the top of the triangle, I play a buy-in with a safe confirmation roundabout 3 - 4% above the breakout point as conformation. If on the sell target #1 I see declining momentum, I gonna sell using a constantly updated stop loss. In case of enough moment, I will be looking towards sell target #2. In case of a breakout to the bottom, I expect the (very) heavy resistance zone of TRXUSDT to push the price further down. If .01937 USD gets broken to the downside, we are entering a low resistance area with a likely double bottom at .01100 USD. Since the support at this level is really strong, I expect a larger bounce to the the sell zone between .01719 and .01936 USD. In case the support doesn't hold, a stop loss between .01000 and .01050 USD will secure my funds. Please note that this might play out over several weeks or months, especially if the breakout is to the top of the triangle, due to the heavy resistance zone. You can watch the live chart here: www.tradingview.com Ethereum Donation Address: 0x285C0455D4B8c1b9e9D9f4a03bbFa130fEcD894B Thank you & Happy Trading!
by CoinStudio