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Ethereum / Tron

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ETHTRX trade ideas

Tron preparing to break through next resistanceHi, I am not a technical analyst, but I look at geometric patterns guiding me pretty well for now. I am a hobby trader trying to beat my own predictions and I follow TRON since Sept 2017. Tron is in a consolidation phase to prepare for its big breakout to the upper side. Tron has to break the VERY STRONG resistance (light blu) at .00012350/.00013000 and if it breaks through I don't see anything stopping Tron until reaching at least .00025000, unless it can't keep staying over the blu resistance line , what would bring Tron back to .00008500. So lets stay positive and let's see if my predictions come true, I am giving a timeline between any days from now to the first 10 days in May. If you share my analysis give me thumb up, thanks!
Short
by anakinski
TRON May 31st Idea; Testing Previous High?Here is the general path I see TRON taking leading up to the May 31st Mainnet Launch. In addition, for those that don't know, you should go to TRON's website in order to decide the best way to get your tokens transferred on June 23-24th from ERC20 ETH tokens to the new TRON tokens (own blockchain). There will obviously be a pretty descent selloff (probably down to 50%-60% retracement level) after the launch, but I would imagine many people are going to hold some tokens as TRON will be competing directly with ETH after this launch. Personally, I think TRON is a better token, but I am not going to go into all those details. Therefore, I think any price prediction on ETH past this date should consider this launch as a variable in that prediction. For that reason, selling off into BTC might be a better option than ETH, but perhaps initially it won't matter since it will take time for TRON to show its true possibilities.
Long
by Joeshmoguy
Justin Sun... on the horizon.. Rising from the Resistance line!Good morning folks, For those of you who have been following me, you know I am a big fan of TRON. When played right, I truly believe it has one of the highest potential of making you wealthy. The project is backed up by a strong team. Also, if you notice, there's always a spike in price as we get close to one of Justin's announced project deadline dates. We use this to our advantage in terms of day trading. However, this is just a fundamental analysis. This is tradingview and I should focus mostly on the technical analysis aspect of it. As you can see in the chart above, TRON has been very busy with the since the TEST launch on March 31st... creating a sideways channel that the resistance(0.00011 ETH) and the support(0.000077) lines have been tested TWICE. Today, we see a candle forming ABOVE the resistance line on the daily chart. Looking at it from the 4hr, and 45 mins chart, I also noted the pattern to be very BULLISH. Volume however, is a little bit on the lower side in comparison to previous spikes but I believe this is just an accumulation to reach a newer high for Q2. That can confirmed with the accumulation/distribution indicator, it is VERY bullish at the moment in the daily, 4hr, and 45 minute candlestick charts. The EMA and MA are also very bullish supporting this rise in price. TRON is currently 0.07 USD. The assumption that we would reach the ATH from Dec 31st would be very ambitious but not impossible as we are having a "healthy" steady increase in price rather than having a spike of price increase. Happy trading!
Long
by balanar_NS
1
Classic Crypto Pump n Dump n Repump patternWe'll see how this goes, but in my experience in crypto this is the most predictable pattern ever (for example, look at the history of BTC and you'll see its initial pump to 1000, then bear market, then you know what happened after that, but that's just one example) This is also the same pattern I used to predict the XLM pump to 90c. What's more, we can see that XVG/ETH has been trading sideways and already established a bottom, and finished a dead cat bounce to 10c. I can see lots of upward action in the coming months as cash flows back into the market and pnd/scam/whitepaper FUD disappears. Expect a breakout in the future, but as always, set stops and trade with caution!!
Long
by kenken662
2
TRX/ETH Is About To Bounce OffHey folks, Haven't posted my analysis for a relatively long time. Honestly, I was quite busy and since February really immersed into the ICO world. Lots of opportunities on the horizon. I will let you know about my ideas very soon. So stay tuned! Concerning the situation around TRXETH it is pretty much obvious for me that the price is currently testing its critical support line (previous structures confirm this). In addition to that look at both the Fibonacci Extention (Yes, 0.382 is being tested) and Fibonacci Retracement (Exactly folks, 0.382 is the next resistance level and I expect the price to reach this level within the next couple of weeks). Though, might sound a bit over-pessimistic. Indeed, fundamentals suggest an upward momentum on the market. Have you read the news? It looks like there is a media collusion and everyone is posting positive news. The RSI is steady and goes upwards. However, take into account that the volume is really tiny and for a decisive bounce we need more TRX players. Let's see what the future has prepared for us. Fasten your seatbelts! Please REMEMBER that I give you my observations, you form your own opinion and trade it accordingly! Please NEVER forget to do your own research before considering any investment. Fundamental analysis is also crucial so you have to read the news, updates and about the upcoming events related to a particular blockchain project. Hope you will find my analysis useful! Stay safe ----> Hedge ----> Diversify ----> Be cautious! - Together we will beat the market!
Long
by DmitryQuail