Disclaimer: Anything that I say is my own opinion. I have been doing my own personal research and believe that TRX is an excellent investment. After following it for a few weeks I made a small investment. Any money that you invest is your responsibility. Do some research and learn about the currency yourself before putting your hard earned money into it. This is not a "pump and dump", it is just a friendly investor sharing his insights.
As you may know, I charted TRX a few days ago and we saw incredible surges in price. At one point I was up around 150% my money! With all highs there are lows and I soon saw TRX slowly come crashing down. After watching the charts, and holding, I now see a potential for TRX to explode again.
Let's get started!
Firstly, I wish you could see the 1 minute chart that I have created. Tradingview won't allow me to publish the 1 minute chart, but if you could, I would try to change it so you can understand my predictions.
To start off, I put an orange line to indicate the support line. For the past day I have been seeing TRX fall back on this number giving me the prediction that it is a good time to buy more stock. The resistance line that TRX must break through to see a surge is around 0.00013704 (Purple line)
Like always, I put a blue rectangle to indicate where you should buy. This range is between the support and resistance lines. This would be around 0.00013703 and 0.00013248
I will be putting milestones in the chart, but you do not have to follow them.
1st milestone: 0.00014112
I would not advise to sell anything at this milestone. If you are skeptical about trading and want to ensure you come out of this trade then take a small percentage out.
2nd milestone: 0.00014795
I believe, even if you want to hold for longer, you should sell a small portion here (10 percent) Ensure you have some profit from this trade.
3rd milestone: 0.00015436
This is a huge milestone. If TRX hits this milestone we can easily see it surge to the fourth.
4th milestone: 0.00018843
In the next few days I believe that TRX as the capability to easily surge to this milestone. That would ensure a 40% return with a 7.25 risk reward.
Thanks for looking at my charts. If you have any questions or pointers regarding TRX or trading in general let me know. Happy trading!
Trade active
⋅
TRX has surpassed the resistance line! Look for a surge!
Trade active
⋅
Huge drops and a lot of red by TRX. I am personally holding through this time and expect a jump back. Good time to buy back if interested! Happy Trading!
Nice prediction, i secured my position earlier waiting for a surge to 16500 around 0100 gmt.
victormvillegas
⋅
Already hit 1st milestone
sBoon
⋅
I think your milestones are slightly overestimated. ETH has increased significantly against BTC in the last week. Most TRX trade was done on TRX/BTC.
von-braun
⋅
@sBoon, Interesting, what do you think the milestones would be?
sBoon
⋅
@von-braun, It's closer than I thought actually. 0.0001455 and 0.0001655.
dcardona1
⋅
@sBoon, I think the milestones are too conservative. We hit 0.00030, why can't we hit that again? Also, if we have enough volume and start going up, I anticipate to hit at least the 0.0005 mark. I don't think this is unreasonable if we make a breakout to the upside.
sBoon
⋅
@dcardona1, The project was overvalued at 20B. Just because something was high does not mean that price is justifiable currently. I think the price will rise again after a few months, possibly leading to more overexhuberance. Currently the Tron project has a name and an idea, there's very little else behind it currently. There needs to be some positive news about Tron to act as a catalyst for further investment.