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Tronusd

TRON UPWARD MOMENTUM NEEDED TO BREAK RESISTANCE Hello everyone! TRON needs to break the .0427 resistance in order to have serious upward bullish momentum. Look for any break in the resistance it could potentially mean TRX could go through the roof. TRX has been bouncing up and down in between the support of .0409 and the resistance of .0427 for some time now. Upcoming we are expecting to see a bullish push in the cryptocurrency market relatively soon. If we break through the .0427 support then we will need a while to recover. Thank you for reading! Throw a like if you agree!
BITFINEX:TRXUSD
by Murph22
2
TP hit. Going lower for weekly support test.TP = 0.046047 hit as the 1D Channel Down (RSI = 31.543, Highs/Lows = -0.0062, BBP = -0.0119) extended to a new Lower Low. The current support is the 0.039841 March 11 contact point, with March 22 = 0.034219 and Narch 09 = 0.030110 just below supporting on a 1W level. There may be two similar Rectangle patterns on 4H, so after a quick consolidation, we expect the price to be rejected off the 0.046047 Resistance and hit the TP = 0.034219. If the 0.046047 Resistance doesn't hold, then the 0.048540 Lower High of the 1D Channel Down should cause the rejection.
BITFINEX:TRXUSDShort
by InvestingScope
TRON, Weak intent to leave the trendThe price of TRON (TRX) reports an increase of 4.10% today Thursday bouncing strongly in the pivot R1 in this 4H chart and its current price is $ 0.0413. TRON continues its Bearish trend and it seems that it wants to stay in the middle of the Bearish Channel, For now the Central Pivot Point is holding the price but a breakout of this could take it to the bottom of the channel, On the positive side we see that indicators are leaving the oversold area and pointing up what can keep the price above the Central Pivot Point .
BINANCE:TRXUSD
by Forex_Academy
Channel Down continuationTron continues to slide lower under the selling pressude of the underlying 1D Channel Down (RSI = 42.197, STOCH = 24.242, ADX = 37.549), though on a much slower pace (MACD = -0.004, Highs/Lows = 0, B/BP = -0.0054) than it did on May. Due to the trade above but near the Pivot Point, 4H is neutral on RSI, CCI, Highs/Lows indicating less chances to make a Lower High at 0.064052 or 0.066697. The most likely scenario for TRX/USD is to hit our TP = 0.046047 (support) on a slow, controlled decline in the coming sessions
BITFINEX:TRXUSDShort
by InvestingScope
Tron (TRX) Ascending Triangle formed. 10% movement likelyTron is currently in an symmetrical triangle in the 1 hour, looking like we will get a 10% movement either down or up. If we do breakup, it will further confirm our uptrend line as it is somewhere around the 740-760 mark. However, more big news is coming for tron, including three new exchange listings coming up in two days. The founder is currently hyping up the super representatives event that will occur on the 26th, so that may have an influence on the price as voting requires Tron. People who get elected to be a node will receive 32 TRX per second if they generate a block, around 50 million USD will be split between the nodes per year. Next news events: Bitforex listing on June 8, 2018. Three boutique exchanges on June 9, 2018 Super representatives on June 26, 2018 Therefore, we have reason to believe that a breakup is more likely. Buy in: 775 price range Sell targets: 850 satoshi mark Stop loss: 748 satoshi level or higher depending on the risk you wish to take. If this breaks down however, it will likely drop to the 700 satoshi level. Thanks for viewing. Please leave any criticisms in the box below. As for me, I already bought my TRX at 774, and hopefully this movement will happen in the next 24 hours.
Long
by HD1184K
3
TRON - fasten your seatbelts!Hey guys, same as with other cryptos, I am expecting a move to the upside on Tron soon. Price is currently trading within a falling wedge and I do expect it to find its trough of wave 4 soon, in order to start its final impulse do the upside. Regarding the buy zone - the zone with the highest confluence lies around $0.055 and $0.05. As written on the chart, if price should enter this zone, I would not consider it to be an overlap with wave 1 as long as price does not fall & close below $0.05. In leveraged and highly volatile markets it is not uncommon for wave 4 to retrace slightly into the peak of wave 1 (does not happen often, but once it does, it doesn't mean the count has been invalidated). However, I also take two other different buy scenarios into consideration - one being, seeing price forming a double bottom around this weeks low and the other one would be that price is at the time of writing forming its first higher low on the 1H timeframe. Subjectively, I see the highest probability with price either hitting 0.055-0.05 or forming a double bottom at this weeks low. Do not forget about the mainnet launch, which will be around six hours (11 AM GMT+8 / 5 AM GMT+2) Objectively, I won't take action until I either see price reacting impulsively with abnormal volume on lower timeframes or seeing today's high being taken out. My projected target is the $0.115-0.12 area. Safe trades! Bud
BITFINEX:TRXUSDLong
by BudBronson
5
Tron (TRX) Support found! Rally up possible. Tron has found strong buying pressure at 800 satoshis, we had a triple bottom on the 4 hour chart. The rally further exemplifies our current short term bullish momentum. However, what was worrying was that TRX dropped 16% overnight, meaning a lot of investors are itching to sell the coin. Furthermore, the forces may turn at any moment, as TRX is having trouble climbing over 875. I do believe most the selling pressure from retail investors is gone however, since we dropped 20 percent in 48 hours. How to trade Buy in: 860 satoshis Stop loss: 847 satoshis Selling points 930 satoshis. (This is possibly the strongest resistance point TRX will face, as the drop was due to mainly bots liquidating, so many retail investors are stuck holding bags around this area) Thank for reading! Leave all your criticisms in the comments below. It helps me improve my technical analysis.
Long
by HD1184K
6
Get Ready For The Tron DipHistorically I haven't been the biggest fan of $TRXBTC Tron, so take that into consideration. I think there will be a sell-off here in the very short term for Justin Sun's little hobby. However, I do think it will rebound pretty hard. I am expecting a full retrace back to the 721 satoshi mark- if you put a buy order in there it may be the easiest 10% you will make in crypto. The price should bounce up very hard back to the .236 fib, and you can thank me later lol. -DY
by dannyyelverton
Tron (TRX) Important level approaching. Right 4/4 times so far.After its run-up yesterday, Tron is currently cooling down. If it can hold the 960 to 980, it is a vital signal of strength for the altcoin. This will decide how far this mainnet launch takes us. *Please note that this is a safer trade but if it does not go to plan, you need to react accordingly. How to trade: If you currently hold TRX, be aware that if we cannot hold the 960 support zone we will probably see a drop of at least 3%. Therefore, we have a stop loss at 957 Buy in (if situation above does occur): 920 satoshi support zone 850-900 support zone (unlikely) If we do hold the 960 support: Buy in: 960-970 support level Sell targets: 980-1081 satoshi range 1100 satoshi level 1260 satoshi level 1379-1400 satoshi level Thank you for reading! Tron has been a perfect target to use TA on, and it has gone 100% to my expectations. Please leave any criticisms in the box below. If you are interested, you can check out my previous 4 Tron charts, where I called the top and bottoms 4 times accurately.
Long
by HD1184K
14
Tron (TRX) If we cannot bounce from current support, drop comingTron has seen a 12% drop from its highs due to the price movement of bitcoin, where it got rejected from an important price level. Currently we are hovering at 875 support and 0.786 fib line and have seen a bearish divergence, meaning this is likely the temporary bottom. We need to see a bounce from support or I will be extremely bearish on Tron. The bounce must occur before the 29th. How to trade: *Stop Loss: 850 satoshis Buy in: 880 upon bounce confirmation. Basically if we get a couple green candles and high volume. Sell targets: 960-1081 satoshi range (recommended target) 1100-1180 satoshi level 1260 satoshi level 1379-1400 satoshi level Thanks for reading! I will update you as time goes on. I have made a bad move and bought back my position at 923 and sold at 898, as I didn't expect this level of downside. Currently deciding if this trade is for me, since as proven by the test-net, a 30% dump may be looming in the horizon. Please leave any concerns and your view on TRON in the comments.
Long
by HD1184K
8
What Will Happen After TRON Main Net Launches?Hey, I am back wtih another Technical Analysis on TRON . Okay, so TRON has main net launch on 31/05/2018 which is in five days. What will happen after this launch? There is a lot of great Fundamentals news about TRON, for example buying BitTorrent as it was in their whitepaper , Apple adding TRX pricing to its stocks, Vsport partnership and many more.. Lets just dive right into the chart. All time Downtrend line, Steep untrend line and overall uptrend line. There were 2 Pennants, 1 ascending and one ascending that we are currently in. I havent drawn them because it would look confusing, maybe in update I will draw them. Support levels, bounce zone 890. Looking at Indicators. RSI flying in Bullish levels, MACD seems pretty bullish too, EMA with bullish divergence. There is one BUT. As every alt follows Bitcoin, and currently I am still bearish on Bitcoin, the touch and bounce off this steep uptrend line seems likely, t he Steep uptrend line present the best price to get in. So I think thats about it.. If you have any Questions feel free to ask me down bellow or at my Discord channel! Hope I made your view on whats going on with TRON somehow clearer. If you like this Technical Analysis let me know in the comments, likes are always aprreciated, Thanks ! If I see something worth to share on the chart I will surely do an update .
by TiborVrbovsky
14
Tron (TRX) If we can hold the current level, good time to buy.This is a high risk trade and extremely reliant on the price of Bitcoin, but Tron has currently bounced from its support level of 870. I believe with the mainnet launch coming up in 8 days, we will have many buyers waiting on the sidelines to get in. How to trade: If the current 4 hour candle and the next 4 hour candle is green, there is a good chance for a reversal, especially if bitcoin can hold its current price. Buy in: 899 level Sell targets: 980-1081 satoshi range 1200 satoshi level 1400 satoshi level Stop loss (Highly recommended) My recommendation would be 870, but watching the charts yourself would be most ideal. This is a pretty risky trade even for me. The stop loss is highly recommended if you do not have the time to watch the charts for the next 24 hours. Thanks for reading! Please leave your criticisms in the comments. I'd like to hear your thoughts.
Long
by HD1184K
4
Tron in a Pennant Breakout Pattern once Again.Hey, I am back with another Technical Analysis, this time looking again at Tron. It is reported, TRON will launch virtual machine on May 25, mainnet on May 31, token migration on June 21 and the first 27 super representative elections on June 26. Last time TRON has drawn Pennant it looked like this - Pennants are 50/50 bullish or bearish patterns. Currently is RSI looking the same even MACD, can even this Pennant be bearish or bullish? I will keep you updated, I already have position in this Pennant and I hope, this time it will break upwards. That was short about TRON, lets continue looking at Chart. At current chart you can see a pretty run up created from rounding bottom, flag and Ascending Triangle, currently we are in Pennant. 1000 as a strong ressistance. Taking look at Indicators MACD has still some room to fall, in this case you can see that we are on downtrend from 967 but Tron has fall really only to current date only 25 satoshis, which is a good indication in Bearish MACD. RSI is having tight battle to hold on the support level. So I think thats about it.. If you have any Questions feel free to ask me down bellow or at my Discord Channel! Hope I made your view on whats going on with TRON somehow clearer. If you like this Technical Analysis let me know in the comments, Likes are aprreciated, Thanks ! If I see something worth to share on the chart I will surely do an update.
by TiborVrbovsky
2
TRON (TRX) QUICK UPDATE - MUCH TO WATCH FOR IN COMING HOURSThis is a very important zone for TRON as we approach a week long resistance in form or a triangular pattern. I would say that we will break this area easily since I believe in TRON, however I would not put my money on it without a tight tight Stop Loss. I will update this chart as new info comes out or becomes visible. Make sure you're following me to receive latest update. Be safe. Enjoy this trade 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.
BITFINEX:TRXUSDLong
by CryptoManiac101
6