TRX AMBITIOUS PREDICTIONHi everyone! Lets suspect thats the history repeats it self, that we always ascertain in crypto market, in that case we can expect growth of TRX to 1-2.5$. We'll see. G.Luck
Tronusd
Consolidation but still bearish within the 1W Channel Down.TRXUSD has remained flat since the last update, on three straight flat 1D candles that are trading sideways within a strong Triangle pattern (RSI = 50.876, Williams = -54.910, CCi = 21.2477, Highs/Lows = 0.0000). Despite this neutral short term momentum, 1W remains a Channel Down (MACD = -0.006, Highs/Lows = -0.0018, B/BP = -0.0140) close to its Lower High limit. We remain short on TRON with TP = 0.01410 (December 16, 2017 low).
TRON EOY PREDICTION MIN $0.50 MAX $99 - CryptoManiac101TRONUSD EOY
Let's start with main question, WHY WOULD IT GO UP?
1. Virtual Machine
2. Speculation
3. Institutional Investors
4. BitTorrent Integration
5. Media Hype
6. Bullish MASSIVE accumulation pattern
7. NEW Partnerships
8. NEW Use-case (about which we have not thought of or know of yet)
9. Ripple Labs indirect connection
Minimum TRON EOY prediction is $0.50
Maximum TRON EOY prediction is $99
Enjoy this trade advice my Crypto Maniacs, but remember to invest only what you can afford to lose or you're going right back to poverty on drop. We are not your financial advisors.
Tron about to break out for bullish runAm anticipating a possible bullish break out from the triangle to 0.0320 and a retracement to 0.020 level which is the 79% fibonacci retracement level. From there we might see price move up to 0.0520 and a further move to 0.0950
Lower High rejection on 1W Channel Down. Pending support test.TRON rose after completing the 1D H&S pattern but was emphatically rejected at 0.02600 making a Lower High on the 1W Channel Down (RSI = 44.311, MACD = -0.005, Highs/Lows = -0.0042, B/BP = -0.0130). This indicates that the selling pressure is strong and after every dip, buyers rush to take their profit earlier each time. At the same time they feel comfortable buying above the 0.01600 Support and that is the fundamental reason for which it needs to be broken. We remain short on TRXUSD with TP = 0.01410 (December 16, 2017 low).
H&S completed. Important support test.TRXUSD has just completed a Head and Shoulders pattern on 1D (RSI = 41.814, MACD = 0, Highs/Lows = 0), and last week's consolidation should be over as the right shoulder extension has reached the Lower High Resistance (bold blue line). Even if that doesn't hold, TRON will remain bearish within the 1W Channel Down (RSI = 43.506, STOCH = 17.723, Williams = -91.877), so we will remain short with our TP = 0.01410 (December 16, 2017 low) intact.
TRX god bless america! soar high.this could be the end of the the C corrective wave with a nice double bottom. we could MAYBE pump up and get rejected at the trend line come back down and try a triple bottom. but this is playing out nicely. TRX has soooo much potential and has been labeled the ETH killer. remember this coin was created SEPTEMBER 2017! this coin has only had its first impulsive wave and first corrective wave. expect this one to be ONE OF THE TOP gainers in the next rally. this thing is ready to soar.
Tron (TRX) Expect a small rally when we touch 300. Ideal short.Tron has been doing relatively well compared to its competitor, Ethereum, but due to the correlation cryptocurrency markets have, Tron will likely also break the support zone and hit an all time low since the altcoin rally.
Currently we have been getting bullish divergences so expect a rally once we touch below 300 satoshis. Short the top of the rally and expect a 30% return on investment in the coming months. This is assuming Bitcoin drops below 6000 which will likely occur.
It is very obvious right now the start of capitulation is beginning with coins such as Ethereum warning us. If Bitcoin drops below 6000 for good and enters a true bear market, it is easy to predict coins like Tron will suffer greatly.
Therefore, we may short Tron.
Short area:
300 satoshis
Take profit:
224 satoshi level.
Thanks for viewing! I have been updated Tron for a long time and felt I should make an update. I believe Tron is a very good coin to buy and hold, and if Justin is smart, he will already have accumulated a ton of cash. Unfortunately I am unable to see the balance sheets so all this is speculation. However, the size of the company BitTorrent (employees) suggests it is worth over 100 million. Justin is also buying the cash/liquid assets of the company as well.
Target approaching. 1W Channel Down intact. Short.The 1D Channel Up broke to the downside before hitting the 0.030 Resistance and an aggressive downtrend emerged (oversold STOCH, STOCHRSI, Williams) for TRXUSD on what is the new bearish leg of the 1W Channel Down (RSI = 43.029, CCI = -128.9316). The Lower Low on this Channel is the 0.009634 target extension but before that we maintain a more moderate TP = 0.01410 (December 16, 2017 low).
TRON (TRX/USD) Completing a Pattern On The Strong Area!First of all, this is not the signal! We need to get some confirmations if we want to see a bounce from the current area!
At the moment, TRON' is on the strong area which was a support before we started some 'rally' upwards at the end of the August
and currently it completing a Chypher pattern on this price level which matching exactly with our support! Also, we have here a decent round number level $0.019.
To confirm the bounce we have to get a close above the $0.019 and then we have almost free "road" to go until to the $0.022! In this area, TRX' have some previous month lows and Fibonacci retracement levels 38%-50% (pulled from 28.08 to today!
So, the platform is a pretty nice but we need an extra confirmation from the round number breakout. Currently, it works as a resistance but we have to get a close above this to confirm our pattern bullishness!
Hopefully, those level and this analysis helped You out a little bit to confirm Your own analysis!
Please, don't forget to hit the LIKE button to support us!
Best regards!
TRX Tron: Bullish Movement IncomingTron has formed a ascending triangle and bullish divergence is in place. Expecting a breakout soon.
[TRON long] big profit potentialTRON is busy with an ABC correction, usually these corrections reverse between the 0.618 and the 0.786 fib level.
That makes a great buy zone (purple rectangle)
Approaching 1W Lower High levels. Bearish.The 1D Channel Up (RSI = 51.327) on TRON is trading sideways now as it approaches the 0.029 - 0.030 Lower High levels on the 1W Channel Down. This is technically the highest R/R spot to go short since 1W Highs/Lows = 0.0055 call for a bearish reversal. We remain bearish, TP = 0.01410 (0.009634 in extension).
TRX - TWO PATTERNS - ONE DIRECTIONHey Everyone,
quick update here for TRX (TRON) this could be one of two patterns forming and it all depends on the retrace. Right now it is very possible TRX is forming a BULL FLAG to head higher and finish the 5th wave. If we retrace deeper than the yellow dashed line then we are in the 5th wave and still finishing the 5 waves down.
And we only know if the yellow dashed line holds. Trading is about being adaptable, being able to change your perspective and go with the flow, there is no one direction, like life... there is many different pathways, and being adaptable is where you win.
REMEMBER IF YOU ARE PRACTICING SAFE... TRADING ALWAYS USE PROTECTION
(minimise your risk, use a stop loss. Especially in Margin Trades) ALWAYS!!!!!!!!!!!!!!!!!!!
<3 Lisa
DISCLAIMER:
The Legal stuff - I'm not financial adviser. Just a few quick thoughts - remember you sit at your computer, you push the buttons...
PS make sure you give me a like, that way you get updates as I post them.... :) <3
Going for the final Resistance test on 1D. Still short.TRXUSD broke through the first 1D Resistance at 0.023083 and is moving on to the final 0.0311151 test (neutral RSI = 53.294). If broken then the trend reverses on the medium term to bullish. For now 1W is still selling but approaching increasing neutral levels as well (RSI already at 45.864, with MACD = -0.005, Highs/Lows = -0.0076, B/BP = -0.0188 not far behind). This neutrality may be an indication that the final Lower High is near before TRON makes a new bottom. For the moment we remain bearish with TP = 0.01410, and under conditions 0.009634 in extension.
TRON, dont get trapped!Dont get trapped in these bounces, the alts are more clear in the count than the complicated BTC but they reveal what the likely outcome is. One more leg down!
Tron: Break OutTron broke out of the falling wedge. Watch the 1D candle to close above the falling wedge (for confirmation).
Bullish times ahead?
Limited upside potential. Still short.TRON has respected the limited upside space that the 1W Channel Down gave (RSI = 43.337, STOCH = 21.464, Highs/Lows = -0.0164) and is seen on a calculated decline on 1D (RSI = 35.799) with slow pace (MACD = -0.003, Highs/Lows = -0.0002), which indicates that this is the Lower High applying resistance pressure. You can take a short term target here towards 0.016362, but we stick to our previous target set on TRXUSD which is 0.01410, and under specific conditions (we will update) 0.009634.
Tron (TRX) Bullish breakout, likely another leg up. Careful!Like all the other altcoins, TRX has had a nice bounce from its lows. If you managed to catch it around that area, congratulations. I did pick up some TRX at 303 and will likely sell at 355.
I am still bearish. This is because BTC is currently in a short term bullish reversal and it is likely we drop down again. I believe the 7.1-4k area is the maximum BTC can reach and expect 6.8k to be the top.
Therefore, if you hold Tron, consider selling it near 355 which is the resistance or when Bitcoin peaks at around 6.8-7.4k. If Tron forms a strong bull flag, do not sell, since another leg up may be coming. A strong bull flag is when price just stays within the same range without slowly sloping down. The less we drop, the more bullish we are.
I am bullish in the short term but believe this is just another bounce for BTC.
Either way, there is 5% more to be made on TRX so trade safely.
Thanks for viewing! I will respond to all comments below.
Target hit. Limited bounce potential. Short.TP = 0.016362 hit as 1D aggressively broke the previous low slope Channel Down and is now seen approaching the intermediate line of the underlying 1D Channel Down (MACD = -0.004, Highs/Lows = -0.0025, B/BP = -0.0063). The upside is limited to a Lower High near 0.02500 and we will most likely see 0.009634 (TP) on TRON in the coming week. The December 16, 2017 low is set at 0.01410.
Tron (TRX) Still bearish, no sign of reversal, area's to watchTron has been on a huge downtrend with no sign of reversal still. This leads me to believe the drop is still not over and we have some more dropping inbound. The bullish divergence on Tron has long been invalidated.
Currently 260 - 200 could be the bounce zone, but I think if BTC goes below 5.8k we might see under 200 sats per Tron.
Therefore, if you have Tron, sell it now. I have long sold mine around the 400 sats mark, and have entered a short once Tron broke 324 sats.
My advice is to avoid doing any sort of long. You may be right for a few hours before another dump occurs. Shorting is not only safe, but more profitable in this market. I plan on closing my long around 200-230 sats if we ever reach there. Buying right now is like shorting during the 2017 rally, there is no "too low" just like there is no "too high". The more we drop, the more opportunity there is in the market for the next bull run. There will be another bull run, we just don't know whether some altcoins will survive. I think Tron will survive, but many of the less valuable coins might be going effectively to 0.
Thanks for viewing! If you have any comments, please leave them below. This has been the bloodiest day in last 8 months for cryptocurrencies.
