TRX on an edge of grand breakout As you can see something big is coming. We still may expect TRX to consolidate here for a while. Maybe even pull back to 200 or even 160. But the next move on breakout of grand trendline will be huge.Longby WiseAnalyze2
TRXBTC TRON - Waiting for a breakoutTarget 1: 494 Target 2: 733 Target 3: 1004 DYORLongby canonind19092
WOW!!! INSANE GAINS wow , what a chart [ this is a similar chart to that of CARDANO [{ADA} ,which after breaking the resistance the result of Cardano price is in front or you. TRON is very likely to do the same thing , it is struggling to break a 3 year resistance , and when it will flip that resistance into support we will see a huge parabolic runup, if you are interested i did also a TRON vs USD analysis ,i pinned it bellow. .by jung994
Tron showing possible breakout from daily decending triangleTron has formed a descending triangle at daily charts from 2018. An uppwards parallel channel is forming for a breakout at end of may or start of june. Lets se how it plays out. Se also volume indicator showing great interest! Please comment my TA for me to better learning and understanding.Longby Para_bolic6
BINANCE: TRX/BTC🛒 Pair: TRX/BTC 🛒 == SPOT== ⏰ 1400/02/24 ⏰ 🕰 14/05/2021 🕰 Duration: 📈 SHORT - MID📈 Ex: Binance #187 🛒 Buy: 245 - 247 🛒 👉Sell Targets👈 🎯TP1: 258 🥉 🎯TP2: 274 🥈 🎯TP3: 297 🥇 🎯TP4: 325 🚁 🎯TP5: 345 ✈️ 🎯TP6: 380 🚀 🎯TP7: 420 🛰 🎯TP8: 455 🛸 ⛔️ SL: Closing 4HRS candle below 235 S/R test going on. buying the pullbackLongby bitcharger3311
TRX btc x3-4 Just watch the key resistance 300 sat After that level I think TRX will go quickly to 1000 satLongby Mardini15
How to assess an altcoinWhen doing fundamental analysis into a stock or in this case a coin – you need to appreciate, it is still a company after all. So, your fundamental analysis should include, taking a deep dive into the available information. You might want to review the project use case, the team, and the money the project has raised so far. As you can’t really do technical analysis with limited data available on the charts. Your goal is to reach a conclusion on whether the asset is overvalued or undervalued. At that stage, you can use your insights to inform your trading positions. In other words, have we had a major hype & can a dump be expected? Trading assets as volatile as cryptocurrencies requires some skill. You will need to define a strategy – otherwise, you are Gambling & not trading or investing. As for Technical analysis, some expertise can be inherited from the legacy financial markets. Many new crypto traders use the same technical indicators seen in Forex, stocks, and commodities trading. You often see tools such as the RSI, MACD, and Bollinger Bands which seek to predict market behavior, the issue with this is the lack of data mentioned above. Yet, these technical analysis tools are also extremely popular in the cryptocurrency space. Slightly harder to read a moving average when the price is in a 90-degree move up. With cryptocurrency fundamental analysis, though the approach is similar to that used in legacy markets, you can’t really use tried-and-tested tools to assess crypto assets. To conduct a proper analysis, what we need is to understand where they (the company/Coin) derive value from. ==================================================================================================================================== For you newer traders… “What is fundamental analysis (FA)?” Fundamental analysis (FA) is an approach used by investors and traders to establish the "intrinsic value" of an asset or business or in this case, crypto. By looking at a number of internal and external factors, their main goal is to determine whether said asset or business is overvalued or undervalued. They can then leverage that information to strategically enter or exit positions. The goal of this article is not to dive into the methods of FA as a whole, rather just to highlight where you should begin. ==================================================================================================================================== However, there are problems with crypto fundamental analysis (in the traditional sense) Cryptocurrency networks can't really be assessed through the same lens as traditional businesses. If anything, the more decentralized offerings like Bitcoin (BTC) are closer to commodities. But even with the more centralized cryptocurrencies (such as those issued by organizations), traditional FA indicators can't tell us much. So now we are stuck between a rock and a hard place… A quick step would be to identify strong metrics, these should not really take into account things like Twitter or Facebook followers. It’s so easy these days to buy several thousand followers for social media sites. One method could be; the number of active addresses on a blockchain and see that it has been sharply increasing? For example… Are we seeing Company actors transferring money back and forth to themselves with new addresses each time? This is the level of info you can go down to – we are on the Blockchain after all. A little more TECHNICAL If you want to get a bit more technical – you can look at “On-Chain” metrics in depth. On-chain metrics are those that can be observed by looking at data provided by the blockchain itself. By running a node for the desired Crypto and examining the data, this can be time-consuming and expensive. Particularly if you are only considering the investment, and don't want to waste time or resources on this process. A simple way to do this (in some instances) is to use API-based solutions, plug into exchanges, and see third-party tools such as Binance-research's project reports. Look for info such as; 1) Active Addresses 2) Transaction value 3) Fees – this will give an idea of the demand… Other areas as mentioned above You are looking to ‘invest’ in a tech company, which is the longs and shorts of it. So go and read through the whitepaper. Assess use cases, do they make sense to you? Review the team, do they have experience or have they already raised finance enough to keep the project going – you can now use the chain metrics – to see money flow, you could go and look at the companies register, in the UK all companies are set up under “companies house” this will show shareholders, early account info, company directors. Other factors How about competition in the space? What projects are offering similar solutions, are the other companies further along? Does the company you are looking at, have some kind of USP over their competitors? Supply Mechanisms – Liquidity and volume – Market Cap. These are all things to take into consideration . And Finally - Initial distribution and Tokenomics as a whole A lot of projects have created tokens as a solution looking for a problem. Doge on the other hand created a meme for the market, which is turning into a solution. Understanding the use case, cannot be stressed enough. As such, it's important to determine whether the token has real utility. And, will it have decent adoption? Consider how the funds were initially distributed. Was it via an ICO or IEO, or could users earn it by mining? The whitepaper should outline how much is kept for the founders and team, and how much will be available to investors. If it was mined, you could look to evidence of the asset's creator pre-mining (mining on the network before it's announced). We have a live stream Monday at 3:30 GMT with @Paul_Varcoe 📺 www.tradingview.com 📺 As I said, this is only to give you a starting point - especially for you newer traders. There are several other factors & methods but start here. Editors' picksEducationby Mayfair_VenturesUpdated 3333349
Tron/Bitcoin Technical AnalyzeAlt-Season just start or will end soon? what is your idea?by miladmolaee112
TRX/BTC - Tron ready for megapumpBearish trend that lasts from 2018 has been broken, target 800 sats NOT FINANCIAL ADVISE DYORLongby MC_Capital_8
TRX, the giant is waking up.The BTC chart is ready to launch. It's only a matter of time before the target is reached.Longby SDWSWAG3
TRX/BTC 4 hour analysis Cup and Handle formation could be seen. target 300 sats. This is not a financial advise so please do your own research. DYORLongby Daedalus20005
It's now or neverA little birdie told me that TRX is going to moon ;) Stop worrying how it's going to happen and start believing that it will.Longby crypto_kuku7
Cup and Handle Maybe? (TRX/BTC)If cup and handle works, we can see a new breakout. Let's watch together my friends. I'm just a trader like u guys, and I just wanted to share what I saw here. Don't take it as a financial advise.Longby brawod2
TRON is looking for a breakout TRX/BTC chart looks bullish as it has made a new Higher High. 📍 The white descending trend-line is getting broken by the price. ✍🏼 We could set our buy limit on the pullback to its descending trendline or we could buy here just as the price is getting WILDER 🐃 ⚠️ The first resistance level where the red descending trend-line and the orange horizontal line meet each other so be safe and take profit there if you wish. ⚠️⚠️⚠️ Keep in mind that my analysis is just for sharing and do not make any sell or buy position based on my charts. 🧐 Ask me if you have any problem and/or question. HAVE A PROFITABLE LIFE 💰 Longby C_EWAVE138
TRX/BTC idea 06.05.2021When breaking the global trend will be a strong momentum. Source: dinku tradeLongby marsik883