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Trxbtcanalysis

Is $TRX the next big pump? Let me show you what I see!Tron is one of those coins that I will always hold close to my heart. In fact, it is the coin that gave me tremendous profits in January 2018 that I ended up putting towards my wife’s dream house that I bought her. Tron found support and put in a higher low at .00000273, if bullish momentum continues, I can see TRX breaking 500 sats. How I plan to trade TRX: Buy: .00000311-.00000325 Sell: .00000505 Stop: .00000269 RR: 4.2 **Please Note** This sell target is very conservative. If Tron takes off like XRP did, we can expect it to go as high as .00000772-.00000910. So remember to take some profit and always let the rest ride and just keep on tightening your stop loss. About me:  I am a professional trader with over thirteen years of trading experience. I am fortunate enough to have had the opportunity to retire at age thirty, and I now trade for pure amusement. I love the crypto community, and would like to further flourish within it by helping any newcomers learn to trade and invest. If you found this chart helpful, please give it a like and follow me on Twitter @omegatrader101.  Thank you,  Mike, the OMEGA Trader 
Long
by Margin_Hero
Tron (TRX) Possible breakout, also possible harmonic.Tron has always been one of my favourite coins to trade due to its very easy to predict movement. Currently I believe Tron will have a drop as it hit the white trendline. However, due to the fact that we have quickly pushed back up after the retest means Tron is still pretty bullish, so this could be the breakout we have been waiting for since 3 months ago. I believe shorting Tron with a stop loss around 350 is a good play. I am still hesitant about this trade and am waiting for confirmation. If I were to take this trade: Entry: 345 satoshi area Stop loss: 350-57 satoshi area (depends on your risk tolerance) Take profit: 290 satoshi area. Keep in mind this price will likely not be hit. Thanks for viewing! If you wish to know where you can short Tron, I will message you privately. Feel free to comment. I will respond to all of them.
Long
by HD1184K
2
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.
Short
by HD1184K
4
Tron (TRX/BTC) bears dominateThe 4hr timeframe of Tron (TRX/BTC) as shown below is annotated and the numbers indicated on the chart are discussed below in an ascending order: (1) This is a falling wedge that captures Tron’s price action between May 12, 2018 and July 12, 2018. The chart pattern is bullish (albeit not 100% of the time). Termination of the wedge falls on the major bullish trendline for Tron that is discussed next. (2) March 18, 2018 (not shown here), July 13, 2018 and July 18, 2018 are pivots used to draw the major trendline for Tron. At least 2 points required to draw a trendline therefore means that the trendline as drawn is valid. Expectations would be for Tron to find support at the bullish trendline and price resume bullish action. However, a close below ~0.00000509 would imply further move to the downside as that would mean a breach of not only Tron’s major trendline, but also the current consolidation in price action. The dotted black line indicates a bearish trendline in Tron established from ~June 19, 2018 to July 18, 2018. It is important to note that the trendline intersects a horizontal region of overhead supply (i.e. resistance) therefore increasing the odds that sellers currently dominate between 0.00000629 and 0.00000588 as indicated on the chart. (3) The relative strength index (RSI) as shown here has a positive rising slope which implies potential bullish action for Tron. However, this is negated by momentum on the Weekly tf. CONCLUSION: Based on the observations above, this analysis favors a consolidation at best for Tron with further downside (sell) awaiting Tron (TRX/BTC).
Short
by Coin_Analyst
Tron (TRX) At support & "Secret Project Launch" next month.Currently TRX/BTC is hovering at the strong support of around 630 sats. However, as Bitcoin has been suffering this month, and the market has been exceedingly weak, we have reason to believe that unless the market has a short term correction, we will be breaking the support and continuing the downtrend. This will be obvious if we do not get a bounce soon, and the smaller the bounce, the more bearish the coin will get. Therefore, if you do hold TRX, set a stop loss for 600 and prepare to buy back in near the 500 satoshi mark. However, if TRX can hold 600, it is not a bad move to enter a small position as we have positive news about TRX being accepted by Pornhub, as well as the acquisition of BitTorrent. On a side note, we see a bullish divergence on the 1 day chart, so this may be the bottom if Bitcoin can hold above 6000 dollars. And currently according to a certain web article, Justin has revealed he will be revealing a "secret project" on July 30th. I believe this will be on July 29th for people living in North America, and if Verge has shown us anything, I believe that purchasing a small position to see how the news plays out is not a bad idea. If you do hold TRX, set a stop loss: 600 satoshi level to protect yourself if it breaks support. I reccommend selling everything somewhere below 740, and buying back in if we have a bullish breakout past the 750 mark. If TRX cannot hold the 600 satoshi level, the next level of suppot would be at the 500-510 satoshi level. Thanks for viewing! Please leave any questions in the comments below. It helps me learn and improve my charting.
Long
by HD1184K