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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
ConfirmationChart Clean time. - I've been erasing and reassessing all my charts. - How I approach my charts . - Weekly - Daily - 4Hr * Only If a Support area or major trendline is within the reach of the price drop down to 1Hr & 30Min for Price action entry. * Major Pivot zones *Minor Support and resistance zones Indicators are only placed on the chart AFTER charting is down Stochastic (14,7,5) RSI 7 I Only chart off of Confluence and Confirmation with the higher timeframes. ~ Where are we going next? Why could we go there? How can we get there? When will we get there? ~ Question everything.
Long
by Sargent
Tron (TRX) Mainnet went live 2 hours ago. Bottom reached?As you all know, the mainnet just went live today with no issues, & currently, the Tron team is doing their livestream. I have basically been watching TRX/BTC charts for the last 12 hours straight, and noticed that we have been seeing mixed signals from both bulls and bears. Tron has been consistently bought up each time it hit 780-800 sats, yet each bounce was relatively small. Now that we have hit the mainnet launch, it is probable that most the selling has finished and we are able to have a small run up towards the 900 level. Signals: Bullish divergence on the 4 hour chart if we can stay above 780, again indicating we are not far from the bottom How to trade: If we have 2-3 green candles after this current one, we can probably say we are in the clear, especially if the candles are able to get past 823 and hold there. Buy in: Lowest possible point you are able to above 780 sats but under 823 sats. Stop Loss: 780 satoshi level Targets: 839 satoshi level 875 satoshi level 930 satoshi level What I am personally doing: I have bought in exactly at 780 after doing a ton of trades this past hour. Currently waiting to see if TRX can recover back to 839 where I will be selling all/some of my position. Thanks for viewing! If Tron can have a couple of green candles in the next 12 hours, I do believe we will once again hit 900 satoshis.
Long
by HD1184K
3
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
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 (TRX) Called the last two trades perfectly. What now?TRX is definitely going way higher, but a retracement soon looks likely. I believe this retracement will happen at the 980-1000 range, indicated by the yellow box. This idea is an extreme short-term play, so be warned. (Also, the price of TRX is currently at 966, and it is 100% CERTAIN we reach the 980 mark based on the 15-30 minute timeframes.) Why? Because unless the TRX bulls push extremely hard, or the founder releases the tweet that is expected to come tomorrow, we will undoubtedly get a bearish divergence on the 1 hour, which has been accurate on calling all previous Tron retracements. This is for the extreme short term. But for the short-mid term, we are looking very bullish. How to trade: Sell at the 980-1000+ range, and be ready to buy back in if we do not correct (go down). This is because Tron is extremely unpredictable and in most cases, we just hover below the resistance line before we break through. Perhaps sell and have a buy limit order at 1003 satoshis. **IF** Tron does correct, the 900-923 satoshi range is not a bad place to get in. If not, we are probably going to see the same situation happen where it just goes straight up. I will post my previous sell targets here: 1000-1081 satoshis 1200 satoshi level 1400 satoshi level (unlikely, but who knows) Thanks for viewing! Please leave all criticisms in the comments below. I'd like to hear your thoughts. Also, what do you think about Tron as a whole? Do you see it as trading pair for you to earn some money, or do you truly believe in the project and hold it for the long term? I just know Justin is a smart guy, and he can probably take TRX far in the short term.
Long
by HD1184K
5