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SUN

$TRX/BTC 1D: Close to the bottom? Justin Sun has some explaining to do... Daily time frame, the orange line is resistance. Potential bottoming out here shortly on TRX, I am watching the moving averages for a potential long entry but this chart does look like a bloodbath. If things start to turn around here a long entry under 200 would be ideal, with the first target of around 330. Not taking this position yet, mainly neutral here seeing how things play out in the lower part of this TRX chart.
by TheDragonBTC
1
How do you not like Justin Sun? Tron Up, Up, Up The young man's resume is impressive and I for one and not betting against him. He says there's news coming. Given his pedigree, I'll be very disappointed if it's a significant announcement. -Creator of Peiwo App -Forbes 20 under 20, -Forbes 30 under 30, -One the the first students of Hupan University (Understudy of Jack Ma -owner of Alibaba and founder of Hupan University), -Alibaba delevopers on team/board -Ripple chief representative of Greater China Source: www.forbes.com Over the next to 1 1/2 -2 days I anticipate BINANCE:TRXBTC to continue to pull down into the green rectangle denoted on my chart. With the rise in price of BTC , COINBASE:ETHBTC and COINBASE:LTCBTC , I anticipate many to keep money there. This should help continue to pull BINANCE:TRXBTC down into the area denoted on the chart by the thumbs up. I will be looking to add BINANCE:TRXBTC in this area and could be a great place to pick some up for a short trade. This would be a good entry point for someone looking to get started with BINANCE:TRXBTC because of the strong resistance levels in this area. 1. Combine a reasonable entry point with a well publicized announcement this weekend of a NASDAQ listed company partnership and the possibility exists for a short and profitable trade with measured downside risk. 2. In the worst case scenario, the news is already priced in. You have to hold the coin at a good entry level until the money comes back from BTC , COINBASE:ETHBTC and COINBASE:LTCBTC . I'm doing my best to reputation up, so if the idea rings true to you - hit up the like button ...
Short
by cryptdoe
6