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Tronix (TRON/TRX) Bullish Pennant (~85% Gain)I've been closely watching this coin, and seeing this very clear bullish pennant develop and break out, this one is definitely a no-brainer. Tronix (TRON/TRX) was in a period of consolidation earlier, finally making a clean break upwards. Assuming a buy-in at the current price (0.00000318 BTC), one can very easily make 85% gains from this by the end of this week. Our target is around 0.00000588 BTC. As always, trade with care, and happy trading to all in this beautiful new year of 2018! Strong year for crypto ahead of us.
Long
by Luiserebii
7
Tron TRX Tronix Update 4/17 - Power to the Player!Hello again! So just to start, I want to go ahead and put out there that I am extremely bullish on Tron through the end of the year. I try not to let this fact get too far in the way of relevant TA. So, getting right to it we see that Tron had a great impulse wave 1 a couple of days ago. We are currently in consolidation of Wave 2 on the 4 hour chart. As you can see, it played around the golden ratio for a little while and then decided to drop to the .786 retracement level. Because of this, I expect only a moderate impulse Wave 3 to around the 1:1 extension ratio (W3T1). I have also included the 1.618 extension target (W3T2) in case this bounce has more bull power than I am expecting. Because Wave 2 retraced all the way to .782, we can assume Wave 4 will have a shorter consolidation at the .382 or .5 retracement level once Wave 3 has finished. Wave 4 will encroach wave 1 barely, if at all. If this happens, Wave 5 has BIG potential. IF Wave 3 hits 1:1 extension, we assume Wave 5 at 1.618 extension. IF Wave 3 hits 1.618 extension, we can assume 2.618 extension for Wave 5! This would be huge. If wave 4 continues downward, encroachment into the Wave 1 candle will constitute a failed Wave 5 and we can expect retracement to .618 levels of Wave 1-3. The other factor to consider is the turnaround in bitcoin. With more bullish sentiment in the crypto market in general, we can expect to see more volatility and impulse than in the last couple of months. From a fundamental point of view, we have the Main-net release on May 31st. The coin has been churning along at the top of Github edits for quite a while. Justin Sun continues to put out the effort and marketing to make this truly a successful alternative to the internet as we know it. Any helpful tips you can provide for better TA are very much appreciated!
Long
by alexghs07
2
tron never really bulledfresh perspective on trons Spring 'bull' run. was it even a bull run? yes it gained momentum but barely touched 50% of what it had dropped from ATH. the 1-5 EW was incomplete and dropped off after wave 3 peaked (c of B wave maybe??). Corrective waves usually occur as 335 or 535. With trx we saw a 5 wave A down, a 3 wave B up and now possibly another 5 wave C down. After the B wave we have also seen a double top which indicates down movement bringing us to where we are. Overall down is the direction its just a case of how far, reversing here at 760 sat would indicate that wave 5 is still on however a drop below could see the completion of wave C and a double bottom at 315 sat. Prepare for all scenarios tronix. peace :)
by cooper_5e
6
Tron | Right Time to Buy to make quick Buck | 0.025 soon?Hi All, Welcome to Tronix TA. Directly jumping to TA, we see that when whole market is in red, tronix is in green. Hence it serves as good indicator that Tronix is in Buy Mode. Right TRX is trading at 0.022 and if see two resistance line (0.026 and 0.029), both seems to be rechable within a weeks time frame(if market doesnt goes in sudden bear mode because of some new news). There is no other resistance to TRX apart form 0.026 n 0.029 and considering the fact that trx is trading at 0.022 , one can easily make a quick buck with TRX of 0.003 USD per TRX i.e.. 13 to 15 percent profit, and we are expecting this to happen in a weeks time frame i.e.. by Aug 31st as TRX is launching virtual Machine . PS: All of the above are my personal opinion. Any investment should be done after your own research. If you agree with this, hit like and subscribe for any other info, comment. Take Care
BITFINEX:TRXUSDLong
by kryptotimes
2
Say no to centrally-monetized entertaiment with Tron.Tron, with actual rank #11 at CMC, is a blockchain-based decentralized platform that aims to build a free, global digital content entertainment system with distributed storage technology, and allows easy and cost-effective sharing of digital content. Tronix can be used by content consumers to pay for the content they want to access. These coins would then go to the content producers’ accounts, where they can be exchanged to other cryptocurrencies, or can be used to pay for blockchain services. With many developers from the Jack Ma-led Alibaba group joining Tron's development team in late 2017, there are rumors that a partnership between Tron and Alibaba may be in the works. It will be interesting to see how Tron evolves to meet these expectations. It's the late Saturday here and I decided to bring you something more at daily chart . In a recent price action history, through the majority of lowcap altcoins, I spotted some signs of reversal evidence / not only in Tronix/ . These are the most important of them, to me : - Doubble botttom is strong reversal bullish pattern. - One, of the best social marketing by CEO Justin Sun. - Downtrend along 2 years , while 2 death crossses and 1 gold cross occured with the same downtarget percentage /=now mean turn for the golden, logically / -Daily and Weekly morning Doji / while Monthly forming / - Q4 EOY hype and potential FOMO + a beggining of alt seasson in December 2019. Threats: - Higher cap altcoins like Tron, Ripple and Cardano, like to do quick,huge spikes, which often further led to strong price refuses . - Bitcoin has space to plummet even more in Q4, before the preHalving hype starts. - It looks like very early stage to proclaim that Tron bottomed / still weak daily volumes below average, not above daily 50 ,etc.. / - Tron do not really print a SOLID higher high yet. *This is not a financial or investment advice. Never trade/invest, by my personal ideas.
BINANCE:TRXUSDLong
by Emvo
TRX/BTC advance main net launching and good buy orders coming...2hour timeframe for TRONIX, giving a good move after the series of three black soldier. Looking at the RSI, and a possible cross will happen if continuously to give a decent trend. As the announcement of thier CEO (Justin Sun) for the advance launching of thier main net on March 31st. So Thier maybe a good possible outcome and make the volume closer high. Maybe I can buy at the recent price 0.00000414sat and exit at 0.00000440 for short term trade. Tentatively, I can also hold tronix before the main net will be published. Disclaimer; Please be reminded that ALL information provided above is all tentatively and no assurance. NOT an Investment advise and only intended for educational purposes. DO YOUR OWN RESEARCH...
by arabin
Tron Tronix TRX 1 DAY Pivot + TimeUpon request this is an IDEA for price movement on Tron. The chart you see is based on pivots, midline trends, time, sine and intersections. Tron was over bought in a major way BUT considering its fairly new and the bear market, it's held it's own well. The striped lines may provide START and END points for cycles that in theory should bring nice gains. Any intersections marked are strictly points of interest and or sine markers. ENJOY AND PLEASE DO YOUR OWN RESEARCH!
BINANCE:TRXUSD
by CaptBlackBeard
TRXETH: Wave 3 ending, Wave 1 incoming for Tronix?I love TRXETH because the pair remained relatively stable throughout the downtrend even though TRXUSD can't tell the same story. Price is still holding great at around .000087 ETH, having gone above .0001 ETH in recent months. It's a long downtrend and the entire cryptosphere is full of fear, uncertainty and doubt. I believe current sentiment does not reflect the state of the market accurately, however. The price is holding between EMA 13 and 21, a relatively positive signal as price has not fallen through EMA 55 which would be worse. Volume is low however. To me it looks very clearly like five waves up were completed and I think we would all like to see a three wave correction. IF that is the case, given the price has been maintaining this level, this could be the bottom for the third correction wave. Will it retrace to the .618? Can we expect another five waves up to finally leave the bears to hibernate? I am long on TRX and do not plan on trading these levels. Despite the recent FUD, fundamentals on TRX are strong. Even though the company's roadmap has a long way to go, Tron is one of the more serious blockchain projects out there.
Long
by reycripto
2
TRX - BTC another example of Altseason coming soon. TRX made whole cycle and went through accumulation period. Broke out of a big triangle and started to form a cup. First break out after accumulation usually followed by break out, where we are now. Little pennant on 15 Min chart is visible and waiting for break out also soon. There are few significant news and events are coming for Tronix at 31st March - Coin Burn - First Beta Launch - Testnet launch Enjoy and stay safe. Will keep updating.
Long
by TradingRange
TRXBTC - Breakout soon? TA on RSI/MACD/EMA onlyParameters: EMA - 13, close (red line) EMA - 48, close (blue circles) RSI - 28 - reasoning for this is that lately I've been experimenting with 28RSI and it seems to fit my narrative of uptrending from a value of 50 RSI -> possible breakout MACD (13, 28, close, 16) - reasoning for these values is to make it more "difficult" for the MACD to crossover, therefore making "false breakouts" unlikely to show on the indicator. 13EMA doing a crossover to the 48EMA, MACD crossing over soon, RSI crossing up from the value of 50 which is a bullish indication. Peiwo app is launched with TRX so TRX is now fundamentally sound. Tronix's GitHub: github.com medium.com
by NeoButane
Where Tronix (TRX) will breakoutExpecting Tronix to bounce it's 50 day EMA (currently at 0.00000523) as it has done in the past and breakout on the upside due to triangle formation. Set an alert for this and watch Tron keep an eye on Tron once it hits this area. Watch volume and RSI after 50 EMA hit to know when breakout about to happen. My first chart publish, i could have added more like the triangle formation and the different upsides and all that jazz i know. So i put it as neutral as its still headed more down though not much more really before it starts rising up. So short term down over next few days to a week and then expect a good upside :)
by DaniOnye
TRX has nowhere to go but up.Tronix price has reached long-term demand zone . This is the strongest possible support for this coin. Trade volume for Tronix has continued to rise despite many challenges: close registrations for exchanges, negative news, and rumors of manipulation. Many positive fundamental announcements will be made in the coming weeks. When everyone is panic selling, this is our chance to buy TRX 2.47% at a discount that we will never see again. Technical: Tronix has broken up from falling wedge pattern (very bullish). Stochastics are also breaking up on 4H, 6H, 8H, 12H charts. Watch closely for a stochastic break up on the daily chart, this will be a huge indication of a reversal. Good luck, everyone. "It's only when the tide goes out that you discover who's been swimming naked." -Warren Buffet
Long
by dustinmae-fox
8