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Tron Ethereum pair explains everythingI believe this shows impulsive since 2/1/2018 nobody could get a good count on tron because they were not and couldn't off of btc pair. Because BTC took such a dip we ate shit on trx btc pair doing more of a WXYXZ correction and looking like a 1-2-3-4-5 move with truncated 5th. That 5th? is a B wave hit exact .78 retrace of A. This all means we are about to start wave 3 after we finish this ABC correction. I estimated these numbers off of a bounce in golden pocket .618 retrace. Its already bounced on .50
by savenido
2
Tron (TRX) Big market order boosted TRX up. Unclear signals.TRX broke out of the falling wedge netting me around 5% profit after it hit my stop loss. However, the Bitcoin ETF decision which has now been moved to September caused BTC dominance to rise, basically people moved their BTC out of altcoins. This is one of the reasons I strongly wish for more exchanges with fiat to altcoins so we do not need to analyze both Bitcoin and the altcoin charts before trading. Right now on paper it looks like we will be continuing down, but as mentioned, a secret project will be announced in 6 days, and as shown on the chart, there was a large buy order for TRX which caused a move up of around 6%, which might keep us above 400 before demand rises due to the news. Right now I would wait and see if Bitcoin can hold and what the dominance decides to do before moving funds back into Tron. I did pick up some TRX at 445, but a very small portion, with a stop loss at 400, but I'm fine with the risk. Thanks for viewing! Leave any thoughts you have in the comments below. I'll make sure to respond to questions.
Long
by HD1184K
4
TRXUSD Breakout?The price seems to have broken out the falling wedge, it looks like the price has managed to gain a small amount of momentum over the past few days. This is good news for this pair as if the price is able to hold this level and bounce off the broken resistance level we could see a massive bullish push. We would need a better signal before placing trades on this pair, if the price moves back down and bounces, this would be a good enough signal. The price seems to have lost most of its momentum and loads of candles are forming with large wicks, this is not a good sign as it shows that the price is struggling to hold this level. I will keep this post updated over the coming weeks
BITFINEX:TRXUSDLong
by JohnnyPurtoy98
TRON IN DOWNWARD WEDGE PATTERN - CryptoManiac101Here we have TRON in a downtrend wedge which usually breaks upward, however since we have a probability of continuous drop to our demand zone, we must be cautious with this one. News, releases don't matter right now to this market, so don't get your hopes up based solely on that. Patterns don't follow news or FUD. Be patient, TRON will bring prosperity to us if not in this cycle, maybe in next one which will be starting towards August. As of right now, indicators are bullish, but SL might be necessary for short term or risk minimizing investors! Enjoy this trade advice my Crypto Maniacs, but remember to invest only what you can afford to lose or you're going right back to poverty on drop. We are not your financial advisors. Here's our previous TRON chart with butterfly patterns which was 100% correct
Long
by CryptoManiac101
9
TRON is finnaly ready to show us some Bullish moves.Hey, I am back with another Technical Analysis, this time again looking at Tron. Tron had succesful main net launch and strong fundamentals , great community and great project. Tron has hit 1000 area twice , and after that the profit taking downtrend has started, there was one great preparation at 750 level in my another Tron idea , which has failed to breakout, but I have suggested to put tight stop loss , as Bitcoin could still have dipped more and even had , so the finding of another support has begun. When I look at the chart I can tell that 575 is a really strong support for Tron, where it held for 3 days and bound of that level. That means 575 acted again very strong. Stop loss under 560 even thought I dont like stop losses. Lets look at Indicators. RSI shows demand uptrend. MACD shows overall uptrend about to intersect, buyers will be in dominance over sellers soon. EMA trend change if Tron can close above 600. S o I think thats about it.. If you have any Questions feel free to ask me down bellow or at my Discord channel, which you can find at my profile. Hope I made your view on whats going on with Tron somewhat clearer. If you like this Technical Analysis let me know in the comments, Likes are always aprreciated, Thanks ! If I see something worth to share on the chart I will surely do an Update.
by TiborVrbovsky
2
TRXUSDT - broken support level!The price has now fallen below the support level which was standing for the last couple of months, after breaking below the price retraced back to the broken support and bounced, this means that the support level has now started to act as a level of resistance. This is very negative news for this crypto as the pair is looking to be bearish. I would keep everyone updated on this pair over the coming weeks, follow and like if you would like more analysis like this.
TShort
by JohnnyPurtoy98
1
Can Tron remain in Uptrend?Hey, I am back with another Technical Analysis, this time looking again at Tron. TRON the cryptocurrency I am hearing most about only with good news, bought Bittorrent, Justin offered big sum of money to someone who can find a error in his main net, succesfull main net launch, listed on many more exchanges. So Fundamentals are strong, but what does Technicals says? Lets find out. Afer hitting 1000 levels twice , we have seen profit taking dowtrend line until Tron was able to find some good support level. Currently it seems like 650 is pretty strong level and may been the bounce area, true bottom . Currently Tron is riding EMA on uptrend line about to test 750 level. What I do like about Tron, and why I think that it can remain in uptrend? Lets just look at RSI. The whole time in this downtrend from 1000 levels we havent seen Tron being in overbought levels, even if, just for a short time, found ressistance at the level and fell without founding some good support and was being oversold most of the time. But this time, Tron sees some strong bounce from oversold right to overbought , tested the overbought area twice and failed, if it was bearish it would retest 40 and bounce just a bit and fall or keep in neutral zone, but Tron has maintain to find support at high level and has broken the strong demand level on RSI and it looks like we are finding support on the 60 RSI level, lets see if it can hold. When looking at the MACD you can see that we are in a decision point , we need to see a signal line slide over the slower line in order to remain strong. Okay, but where is the Ideal buy? On the uptrend line with a tight stop loss . So I think thats about it.. If you have any Questions feel free to ask me down bellow or at my Discord channel! Hope I made your view on whats going on with Tron somewhat clearer. If you like this Technical Analysis let me know in the comments, Likes are always aprreciated, Thanks ! If I see something worth to share on the chart I will surely do an Update.
by TiborVrbovsky
TRON - Independence Day, Positive Scenario TRX/USDTRON main net will officially become independent on June 25, 2018, Singapore time The current hype around this relatively new cryptocurrency and a successful independent might take the price of TRON to new highs... TRON already have great partnerships with very big companies and constantly growing in terms of development, new partnerships employees and more. Technical The "Leg" from March 18, 2018, to April 30, 2018, is now followed with a correction that reached 78.6% Fibonacci and might go even further down to 88.6% Fibonacci and even further. My strategy for this trade is pretty simple: My Trade size = X I Bought half X on 78.6% (0.039598 Bitfinex) I will buy the second half at 88.6% (0.031905 Bitfinex) My Stop Loss = X
BITFINEX:TRXUSDLong
by UnknownUnicorn1447387
TRON UPWARD MOMENTUM NEEDED TO BREAK RESISTANCE Hello everyone! TRON needs to break the .0427 resistance in order to have serious upward bullish momentum. Look for any break in the resistance it could potentially mean TRX could go through the roof. TRX has been bouncing up and down in between the support of .0409 and the resistance of .0427 for some time now. Upcoming we are expecting to see a bullish push in the cryptocurrency market relatively soon. If we break through the .0427 support then we will need a while to recover. Thank you for reading! Throw a like if you agree!
BITFINEX:TRXUSD
by Murph22
2
TRON ON REVERSE BUTTERFLY PATTERN? - CryptoManiac101This is a very good investment for long term, not for short term. Market is not stable for Tron currently and if this pattern continues, I see it dropping to new lows which have not been seen for few month now, which is great for those looking for an entry or shorting opportunity in alts. Enjoy this trade my Crypto Maniacs, but remember to invest only what you can afford to lose or you're going right back to poverty on drop. We are not your financial advisors.
by CryptoManiac101
13
Tron (TRX) Support found! Rally up possible. Tron has found strong buying pressure at 800 satoshis, we had a triple bottom on the 4 hour chart. The rally further exemplifies our current short term bullish momentum. However, what was worrying was that TRX dropped 16% overnight, meaning a lot of investors are itching to sell the coin. Furthermore, the forces may turn at any moment, as TRX is having trouble climbing over 875. I do believe most the selling pressure from retail investors is gone however, since we dropped 20 percent in 48 hours. How to trade Buy in: 860 satoshis Stop loss: 847 satoshis Selling points 930 satoshis. (This is possibly the strongest resistance point TRX will face, as the drop was due to mainly bots liquidating, so many retail investors are stuck holding bags around this area) Thank for reading! Leave all your criticisms in the comments below. It helps me improve my technical analysis.
Long
by HD1184K
6
Tron Mainnet launch, take-off today or in a month?Coin of the day is Tron. Getting back to Tron after its failed attempt to break Bearish pattern on 21 May. Developed by famous “Jack MA protégé” Justin Sun, Tron is a blockchain-based decentralized platform, seeking to build a free, content entertainment ecosystem. The system being built will use distributed storage technology, which will allow cost-effective sharing of digital content. The project was founded by the Tron Foundation, a Singapore-based non-profit, back in 2017. Tron uses features of both the blockchain and peer-to-peer (P2P) network technology to bridge the gap between consumers and content creators by eliminating the middleman. Services such as Youtube make hosting a media project an extremely difficult and costly process. Tron’s technology aims to remove the middle parties such as the Apple and Amazon stores gives creators the ability to control who gets access to their content and how much to charge without the additional fees the stores charge. Reward system is based on the ER20 cryptocurrency altcoin named Tronix (TRX). The TRX altcoin can be used by content consumers to pay for the content they want to view. The TRX altcoins earned will be deposited into the content producer’s wallet. Latest news 31 May at 3:00 UTC – Mainnet (Odyssey 2.0) launch Justin Sun twit: “Mainnet is awake! Our journey to independence begins. Stay tuned to Twitter for the livestream conference in less than 1 hour...” The launch of the Odyssey 2.0 system promises faster transaction throughput, and additional features allowing third-party distributed apps. Also, the launch was accompanied by conference, where Justin Sun announced that they are preparing for building the entire system of Super Representatives in less than a month when the elections are scheduled. So, this months will be a testing period for mainnet before the official launch of the TRON protocol- a standalone network, planned on 25 June. Technicals After failed attempt to take 0.00001 level TRXBTC went into correctional movement and returned to the Global Bullish Trend Line. Rebound from Global Bullish Trend Line zone would fit into started on 2018.03.20 uptrend. A breakthrough above the Global Bearish Trend Line will confirm a take-off scenario, the further target will be 0.00001 psychological resistance. Supporting levels for the uptrend scenario will be in the 0.000007 – 0.000008 zone. An alternative scenario, if bulls will decide to wait until the 25 June, is lateral movement in the 0.00008 – 0.00001 channel.
Long
by DestinationMoonCrypto