Technical Analysis: I've highlighted the Wyckoffian event cycles. TRX is currently trying to find support and will likely enter a consolidation phase before an impulse or corrective leg. I would recommend staying away from this token until market gives a clear indication on the direction it wants to take. You can use TD Sequential and momentum indicators on the daily to avoid fakeouts.
Fundamental Analysis: Plagiarized whitepaper - check Stealing ETH code - check Self-glorifying 20 year old megalomaniac CEO who uses buzzwords to attract millennial to invest - check No mainnet or working product - check
Hey. Just some constructive criticism: Try and use the correct indicators for TRX and TD. I am sure that Tanzanian Royalty Expl Corp and Toronto Dominion Bk have nothing to do with your TA :)
CenkGultekin
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@richterantonalbert, Nice catch.
Bear_Necessity
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@CenkGultekin, No worries! I also tend to agree with your TA (other than the Fundamental Analysis Bashing, lol). The market still needs to decide where it wants to be. For now, I am not making any investments. Keep up the good work!
Nitinnishant
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Hello Sir, what's the best and preferably cheap altcoin to invest in. As a noob, I got trolled by both TRX and XVG. Please guide in the right direction. I just have $1000 to invest.
jamikr
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@Nitinnishant, we all start as noobs. don't invest until you understand or this will keep happening as you will do the FOMO. nobody can pick them but you. do functional and technical analysis. gotta learn both. if you want to stay safe, stay with platform products such as etherium and its competitors. the safe bets still are BTC, ETH LTC. but etherium competitors also good. gotta walk before you run . good luck!
crypto_rse
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@jamikr, Any good sources to learn TA and Fundamental analysis? (Of course for beginners) Not to mention I know simple patterns. But I haven't got the opportunity to learn about the indicators. (Patterns do trick me)
jamikr
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@rsedaaghi, udemy thats where i am learning. good luck!! keep it up
jamikr
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@rsedaaghi, you can pay to join groups too of people who are trying to learn. there is no shortcut. do'nt do what others say you will always get burned always make your OWN CALLS. until then stick w/ the core BTC, ETH
crypto_rse
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@jamikr, Thanks a lot for your advices. Yes my aim at the first place was to increase my btc. Again future may belong to ETH. Have a nice trade.
Sking0289
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@jamikr, funny how you say this, but yet try and persuade people to stay far away from this coin but posting things about it that have already been proven untrue and false rumors. Haha