It seems on the graph that people start loosing faith on the project since 10th of January with a significant decrease of money inflow. Tron did pass this step in the past and might recover from that in the following months but again I will watch closely the money inflow for TRX and see if a significant sign of reversal can happen.
When you work on chart, you might have a lot of noise that can alter your interpretation and then your forecasting. Many things come in mind when dealing with this data and the one I prefer is Multiple Imputation to remove basically the data that does not make sense (the outliers) or replace them by data that make more sense. The outliers for the Trx case is definitely the surge in price after Justin Sun, the CEO, came with an announcement that Tron will partner with a TOP 100 Nasdaq company. Seems that people were expecting a big name like Alibaba or TENCENT, but Boafeng (Netflix of China) came up and no one knew about it.
They are hiring many big names from large companies so I'll update the chart based on the money that is going in and MACD. Stay tuned!
And trade safely
Trade active
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The negative divergence seem to show an uptrend with the MACD and more money flowing in!
40% return expected and a target of 1000
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Trade safely as Tron is still for many a weak project as no product is released yet. Only promises are out there.
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Rejection on the 850 area. We might see a further pullback as the volume increased.
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Confirmation of a correction. I will update that and it seems that we are going lower.
Where's the money? The entire crypto market cap is down to 431 billion, from the high of +800 billion. Just about everything is down right now. Look around!!
UnknownUnicorn1484312
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@MattRiedle, If you see the graph, the money inflow of Tron was lower the 15th of January compared to today and yesterday. So it is not related only to the marketcap dip of crypto.
highnoon112
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It is dropping because they are tweeting announcements which only confirms they have no products yet, just promises. A lot of money for a few promises, pple start to realize that. And, oh yea bitcoin is dumping as well.