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TRON ON REVERSE BUTTERFLY PATTERN? - CryptoManiac101This is a very good investment for long term, not for short term. Market is not stable for Tron currently and if this pattern continues, I see it dropping to new lows which have not been seen for few month now, which is great for those looking for an entry or shorting opportunity in alts. Enjoy this trade my Crypto Maniacs, but remember to invest only what you can afford to lose or you're going right back to poverty on drop. We are not your financial advisors.
by CryptoManiac101
13
Tron (TRX) Ascending Triangle formed. 10% movement likelyTron is currently in an symmetrical triangle in the 1 hour, looking like we will get a 10% movement either down or up. If we do breakup, it will further confirm our uptrend line as it is somewhere around the 740-760 mark. However, more big news is coming for tron, including three new exchange listings coming up in two days. The founder is currently hyping up the super representatives event that will occur on the 26th, so that may have an influence on the price as voting requires Tron. People who get elected to be a node will receive 32 TRX per second if they generate a block, around 50 million USD will be split between the nodes per year. Next news events: Bitforex listing on June 8, 2018. Three boutique exchanges on June 9, 2018 Super representatives on June 26, 2018 Therefore, we have reason to believe that a breakup is more likely. Buy in: 775 price range Sell targets: 850 satoshi mark Stop loss: 748 satoshi level or higher depending on the risk you wish to take. If this breaks down however, it will likely drop to the 700 satoshi level. Thanks for viewing. Please leave any criticisms in the box below. As for me, I already bought my TRX at 774, and hopefully this movement will happen in the next 24 hours.
Long
by HD1184K
3
TRON CUP WITH HANDLE! (bullish continuation pattern)The RSI in the 4H Chart showed us a few days ago a bullish divergence... The market presents low volume, the confirmation of the pattern would be the breaking of the resistance with a clear increase in the average volume. This should happen in June, if it does not happen, other possibilities should be evaluated. *Currently COINBASE:BTCUSD is neutral, if it returns to a bearish period my analysis of Tron would hardly be fulfilled. Stoploss : some satoshis below S1 or S2 Target: The moon!
Long
by sebaastudillo
Is It The END for TRON!?Hey everyone! Many of you asked me to tell what do I think about TRXBTC . So here we are. First of all, I don't like TRON as a project, never was interested in it, but it doesn't mean we can't make money on it, right? Here is TRXBTC 1D chart. It looks okay from the first sight, but let's take a look at it a bit closer. We have huge accumulation zone around 400 satoshi, where we've been for almost a month, someone needed to buy it here. And we also have resistance zone at around 1k satoshi. Huge psychological resistance level as well. We can see local support line at 765 satoshi. And now we have chances to enter down trend. As 15 EMA is about to cross 30 EMA. And now, the most interesting part! Take a look at Awesome Oscillator, which was above 0 since 23 of March, but now it went below 0. It's a bearish signal. Let's wait and see how our support line will work. But we all know that TRON likes to being PUMPED . So may be you want to buy some, just in case it will have a great pump. I, honestly, better stay away from this coin. And you decide by your own, always make your own research. Don't take risks, wait for the confirmation of trend. Please leave a like and follow, let's make money together! Thank you!
by lordTim495
Know When To Sell Tron (TRX)Buy low sell high. But when do you buy? And when do you sell? What I think is important to remember isn't always getting in at the exact top/ bottom, it's about making consistent profits. A good trader isn't right 100% of the time nor does a good trader get perfect entries and exits. A good trader is simply consistently profitable. Making a small profit is better than making no profit of losing money. Using RSI you can find excellent exits and entries. Some people teach that if the RSI is overbought you sell and when it's oversold you buy. To some degree that is true but I would NOT recommend following that. Why? Technically it's overbought at 70, so do you sell there? What about when it's 80 and it still hasn't gone down? What about when it reaches 90? In hindsight it makes sense. Every time it's overbought the price eventually comes back down. What I look for is divergence. There is bullish and bearish divergence. Bullish Divergence- Higher lows on the RSI but lower lows on price Bearish Divergence- Higher highs on price with lower highs on the RSI As you can see on the chart when bearish divergence occurs the price drops off. Price continues to go higher despite RSI going lower. When the indicator and price are heading different directions, divergence is occurring. So next time you are in a trade look for divergence. It may not always appear. Look through different time frames to see if you can spot the divergence. For Tron, the 4 hour chart has worked well for spotting divergence.
Education
by Yo_adriiiiaan
6
Tron (TRX) Support found! Rally up possible. Tron has found strong buying pressure at 800 satoshis, we had a triple bottom on the 4 hour chart. The rally further exemplifies our current short term bullish momentum. However, what was worrying was that TRX dropped 16% overnight, meaning a lot of investors are itching to sell the coin. Furthermore, the forces may turn at any moment, as TRX is having trouble climbing over 875. I do believe most the selling pressure from retail investors is gone however, since we dropped 20 percent in 48 hours. How to trade Buy in: 860 satoshis Stop loss: 847 satoshis Selling points 930 satoshis. (This is possibly the strongest resistance point TRX will face, as the drop was due to mainly bots liquidating, so many retail investors are stuck holding bags around this area) Thank for reading! Leave all your criticisms in the comments below. It helps me improve my technical analysis.
Long
by HD1184K
6
Tron Mainnet launch, take-off today or in a month?Coin of the day is Tron. Getting back to Tron after its failed attempt to break Bearish pattern on 21 May. Developed by famous “Jack MA protégé” Justin Sun, Tron is a blockchain-based decentralized platform, seeking to build a free, content entertainment ecosystem. The system being built will use distributed storage technology, which will allow cost-effective sharing of digital content. The project was founded by the Tron Foundation, a Singapore-based non-profit, back in 2017. Tron uses features of both the blockchain and peer-to-peer (P2P) network technology to bridge the gap between consumers and content creators by eliminating the middleman. Services such as Youtube make hosting a media project an extremely difficult and costly process. Tron’s technology aims to remove the middle parties such as the Apple and Amazon stores gives creators the ability to control who gets access to their content and how much to charge without the additional fees the stores charge. Reward system is based on the ER20 cryptocurrency altcoin named Tronix (TRX). The TRX altcoin can be used by content consumers to pay for the content they want to view. The TRX altcoins earned will be deposited into the content producer’s wallet. Latest news 31 May at 3:00 UTC – Mainnet (Odyssey 2.0) launch Justin Sun twit: “Mainnet is awake! Our journey to independence begins. Stay tuned to Twitter for the livestream conference in less than 1 hour...” The launch of the Odyssey 2.0 system promises faster transaction throughput, and additional features allowing third-party distributed apps. Also, the launch was accompanied by conference, where Justin Sun announced that they are preparing for building the entire system of Super Representatives in less than a month when the elections are scheduled. So, this months will be a testing period for mainnet before the official launch of the TRON protocol- a standalone network, planned on 25 June. Technicals After failed attempt to take 0.00001 level TRXBTC went into correctional movement and returned to the Global Bullish Trend Line. Rebound from Global Bullish Trend Line zone would fit into started on 2018.03.20 uptrend. A breakthrough above the Global Bearish Trend Line will confirm a take-off scenario, the further target will be 0.00001 psychological resistance. Supporting levels for the uptrend scenario will be in the 0.000007 – 0.000008 zone. An alternative scenario, if bulls will decide to wait until the 25 June, is lateral movement in the 0.00008 – 0.00001 channel.
Long
by DestinationMoonCrypto
$TRX - MAIN NET LAUNCHThis launch has been hyped up for sometime now and most of the bears have shaken out the weak hands. But as we're seeing with $BTC there is still a lot of new comers to trading because of crypto and there is still a few more to be shaken out. There is no better hype than a main net launch. Newcomers see Tron gathering momentum up 5% rise within less than half an hour before the launch and they start over thinking.. "wait what $TRX was at 0.00000820 sats, now 840?", "Now it's at 850 already, I'm buying at 860" then at 0.00000865 "OMG is Tron mooning?". Then it all collapses right before them and crashes (down nearly 13%) to 0.00000769 sats. This leaves them stuck or a loss forcing them to sell to the bears because it is not reaching the target of 0.00000865 sats anytime soon. $TRX was just outside my target of 0.00000750. But after the main net launch nothing has changed it has only gotten closer. Downward trend with 760 being support if it fails us we go lower. Check RELATED IDEAS. This is not trading advice. I use this for education purpose and for fun. Constructive criticism is always welcome
by dowdall
13
Tron (TRX) Mainnet went live 2 hours ago. Bottom reached?As you all know, the mainnet just went live today with no issues, & currently, the Tron team is doing their livestream. I have basically been watching TRX/BTC charts for the last 12 hours straight, and noticed that we have been seeing mixed signals from both bulls and bears. Tron has been consistently bought up each time it hit 780-800 sats, yet each bounce was relatively small. Now that we have hit the mainnet launch, it is probable that most the selling has finished and we are able to have a small run up towards the 900 level. Signals: Bullish divergence on the 4 hour chart if we can stay above 780, again indicating we are not far from the bottom How to trade: If we have 2-3 green candles after this current one, we can probably say we are in the clear, especially if the candles are able to get past 823 and hold there. Buy in: Lowest possible point you are able to above 780 sats but under 823 sats. Stop Loss: 780 satoshi level Targets: 839 satoshi level 875 satoshi level 930 satoshi level What I am personally doing: I have bought in exactly at 780 after doing a ton of trades this past hour. Currently waiting to see if TRX can recover back to 839 where I will be selling all/some of my position. Thanks for viewing! If Tron can have a couple of green candles in the next 12 hours, I do believe we will once again hit 900 satoshis.
Long
by HD1184K
3