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...
The week of trading on the TRON (TRX ) market ended with an unsuccessful attempt by sellers to continue the wave of decline without correction and gain a foothold below the liquid range of $0.059-0.062. Having used small volumes to continue falling, sellers were able to touch the $ 0.046 mark. However, the weekly candle closed at almost $0.065, creating a...
Tron is up by a strong 16% today as the cryptocurrency bounces from $0.05 and hits $0.0648.
Despite the strong rebound, TRX is still trading beneath the 200-day moving average price.
Against Bitcoin, Tron found solid support at 156 SAT (.618 Fib Retracement) and has since bounced back toward 200 SAT.
What has been going on?
Taking a look at the daily...
Golden Time for Tron, I think
At 10th of June will be the first Airdrop of APENFT (that is creation of Tron) and the most will get one, who own TRX.
Airdrops will continue every months by the end of 2022 or so.
Plus Justin Sun is a hell of a marketing guy.
The first Target point will be around 0.39 USD (by August I think).
0.39 USD :
- is ATH from May 2018...
TRX going in the dip.
but it shows unbvreakable support, and now on its way thou bounce back.
seeing that tron's CEO working on many projects and buy Bitcoin in the dip also with some purpose, the chart immediately show positive response. if Tron could break its key resustance, it could create all time new high if i see from the pole before the dip, this just on...
Firstly, on this chart, we can see that a double top (M pattern) has completed its formation.
We can also see that price is in a triangle a breaking point).
Therefore I expect price to dip to $0.06, then long to $0.136.
What do you think?
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Tron also fell hard this week, and after breaking under 0.1 zone the coin dropped fast to almost 0.06.
At this point, the coin looks like is putting in a higher low and correction could continue to 0.1 important resistance
Now the trunk is in a downward trend, we will have $0.10 if the price does not exceed $0.1150, otherwise the price remains between $0.10 and $0.12, price breaks can bring us to a higher level $0.14 then $0.17
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I am looking to gain support here at current point after we have possibly bounced off of our blue trend line once again. Alternative is that we fall down most likely to the red line on chart (IMO.) This is a short technical approach analysis thank you.
BTC dominance in the market is sitting at 41% today, this is very low. This means that money is moving...
in the chart as we saw TRX/USD , the price is forming a bull flag which i think is in the mode to break the resistance of $0.14 -$0.15 , , reaching a target of $0.23 -$0.26.
i said that if #bitcoin don't do the bad boy as we should understand before investing or trading , to look always what bitcoin is doing .
1- Tron is the cheapest currency among the first 25 coins!
2- Tron (fundamentally) is better than Dogecoin (Tron's total supply coin is limited, Dogecoin is unlimited).
3- The Tron network (you can send and receive money with 0 $ fee) has zero transaction fees (an extremely unique feature).
4- You Should Never Sell.