TRC20, a protocol based on Tron, is being used frequently by cryptocurrency activists because of the very low fees on the transactions. Meanwhile, Tron didn't have any significant move in the last 2 years. On the weekly chart in pair with bitcoin Tron has developed a symmetrical triangle. If it breaks out of the triangle upward it can make a leg up to 0.000007....
Tron is testing the support of a long-time ascending channel at $0.08. If this support fails, the next support will be around $0.05. In another scenario if it breaks the triangle resistance it can hit the higher targets at $0.4 and $1.3.
Tron still in bullish scenario until now. Correction on support EMA 50 TF 1D, Support Trendline and Classic Support.
Correction happen after price touch fibonacci 0.618 on price 0.12867 (swing high to swing low).
Based on fibonacci -0.272 and -0.618 target price around 0.14329 and 0.16780 (swing low to swing high). Wait for confirmation before take position.
since 15 august till now 15 November, we can see Tron is struggling to break out n close above 12 cents.
after the dip in the market we can see clearly that Tron has slowed up, I think perfect time to have some right now.
I think a break out is coming we didn't get a complete rejection till now.
prices still above EMA 50 , EMA 100
Maybe u think u...
Tron at a nice place after big consolidation is pure bullish reacting to lower band of daily pitchfork and breakout form big trend line also per btc looks good tron will be at much higher price but it moves slow .
$TRX Here's what I believe
All my life, I have been drawn to ideas of great expansive reach and to the types of ideas that captivate imagination to the fullest. Ideas that reach above and beyond what is humanly possible.
And now, I am drawn to a very particular scam coin. As the old saying goes, "scam coins pump the hardest".
TRX has been in long hell, with...
Taking a look at price action you can see that the most recent pullback was a retest of key support and resistance and on top of that we formed hidden bullish divergence on the daily time frame !!
A short term break and rest of our most recent high which lines up with an area of support is holding strong
In my view holding this level could allow us to run up to...
TRX isn't on many radars as it has been pretty dormant the past couple years, but long periods of low volatility often lead to powerful spikes. You can see the falling wedge in pink that TRX has been bounded by the past couple years. But Bitcoin's latest surge has brought some life to alts and has TRX knocking on overhead resistance. You can see that the weekly...
An idea for TRON
Top channel band suggests $16 which is a massive increase from the current 0.05
Middle channel band suggests $2 which is also a huge increase
Both of these scenarios make sense, the top band was where price hit in 2017
Time will tell if it repeats
I have used a sort of 'quasi' channel to identify these ranges
Also some funky trend lines...