I noted important points on the graph, but let me explain a bit. TRX broke all good and strong supports and felt into the Free Falling area. The market itself will push it into the dip unless some whale investors buy huge amounts. So it's all up to chance now. However, you can follow news about TRX. Anyway, I'm not optimistic about that.
There can be hope if only...
TRX saw incredible heights in a very short span of time with a nice pull back. Right now, TRX found a floor giving a perfect buy opportunity. Here are some quick facts:
Price : $0.095192
Peak Price: $0.2
Market Cap : $6,258,701,938 USD
Peak Cap: 13 Billion
Rank : 14
(Data from coinmarketcap)
After a huge climb. Tron suffered from the over extended climb. If you are new to the market and panic due to this. You will come to learn quickly that every huge run will result with a huge fall. This is why you never buy when something is at an all time high. Unless you are in and out within 5-10 mins. What you do is wait for a 60-80% correction on crypto before...
Here is my view on TRX,
Currently, it seems like support is holding the price. But volume is very low at support means people are not showing much interest. I dnot see a decent bounce from support which can give hope and gain momentum.
So, it would fall more.
I would watch the chart again with my alert setup when it breaks the triangle. I would...
TRON has been beaten down very harshly these past few days since the partnership announcement wasn't with Alibaba.
I still see TRON blow up when we see some more Tweets from Justin Sun.
Keep a Watch out for TRON
We're going to see one out of three scenarios play out next.
1. TRX "Moons"
2. TRX Goes flat
3. TRX Breaks out of the triangle downwards
TRX partnerships should be on the horizon to be completed and this is a big positive sign for us.
If trade is active:
T1 - 1200
T2 - 1327
T3 - 1503
T4 - 1817 (previous ATH)
T5 - 2131
T6 - 2307
We are in ABCDE correction. Best price for your order is 600 satoshi.
After ABCDE correction, TRX will go to finish a cup, and then will go to take a holder.
My price prediction to the end of January is 5000 satoshi.
My previous idea using the elliott wave didn't work out right. After reviewing other people's ideas on TRX/ETH and TRX/BTC, it appears that the wave that I called #1 was actually #5. Based on other's ideas, it looks like we just finished correction wave ABC. Lots of negative comments throughout along with widespread rumors.
Most of these altcoins are...
First I'm not an advisor, I could be wrong, based on what it looks, I see TRX heading slowly to 500-600 sats to the next couple of days. I don't recommend to sell your coins, just hold, it's risky. TRX has grown a lot in a very short period of time and will continue heading down, I could be wrong but I see the chart more realistic any comments down below thanks.