Back up the Brinks Truck. Trx shuttle about to take off
After a long last 2.5 months, tron has finally crept out of hibernation. For all of those out there spreading FUD pretending to know everything about alt coins and the market, please shut up. The whole market is crashing and all I've heard for almost 3 months is about how a coin with no real world product can't hold up to the correction. Well these people have no vision. Tron has an amazing team of developers and a detailed roadmap to solve a real world problem. This is a long term coin. The white paper itself said its a 10 year project. I'm holding for at least half of that. I may short some of my positions and re enter when the time is right, but that is not right now. TRX is still going up. WAAAAAAAAY up.
Technicals:
- trading above all 3 sma's; seems to be using the 50 sma as a support
- The price has been testing the upper and lower limits of the new trend lines
- Volume is waaaay up even during times where trx is not normally traded
- Once it finally broke the 585 resistance level it is now testing and retesting the 650-670 resistance level
- When trx finally breaks this level there isn't much resistance keeping it from going up to 748 ish
- The testnet launch, and coinburn are in less than 36 hours so keep a close eye on these support and resistance level i have above in turquois.
Technicals:
- trading above all 3 sma's; seems to be using the 50 sma as a support
- The price has been testing the upper and lower limits of the new trend lines
- Volume is waaaay up even during times where trx is not normally traded
- Once it finally broke the 585 resistance level it is now testing and retesting the 650-670 resistance level
- When trx finally breaks this level there isn't much resistance keeping it from going up to 748 ish
- The testnet launch, and coinburn are in less than 36 hours so keep a close eye on these support and resistance level i have above in turquois.