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Tronbtc

TRX due to retest 200maOn the 4 hs, TRX double top, with SMA nearing a cross to a bear territory, volume decreasing, however in a trend wedge with favor the bulls and some big long positions sitting on the order book have been notice today. TRX is moving in a wedge formation at the moment, as said that this could mean continuation above the 200ma, but I have mix signals about it... I think by the time TRX maybe is ready for a bullish continuation move, BTC will fall further pulling it below the 200ma in the next 6-48hs. I deep below the 765 resistance would invalidate a trend continuation IMO, we will see it soon.
Short
by Allenvik
Tron update: After failed attempt to break 840satsTron didn't managed to sustain above 840 level (23.6fib resistance) and since then it has fallen beyond the 61.8fib support region, however as it dropped below 780 (61.8fib support) we saw an immediate effect with a bounce upto 808(50fib resistance level). All possible scenarios now: Bullish view: If we get another bounce from the 780 region then we can see a truncated wave 5: Target1: 820-840 till the 4H 20&50 SMA resistance levels. Target2: 870(less likely) Bearish view: If tron breaks below 750 then it will be heading towards my mid term analysis Target for Retracement wave 4 i.e 680sats region SIdeways: If there is no major buy/sell volume to break upper/lower levels, then we can expect sideways action between 780 & 810 sats region (50fib & 61.8fib region) www.tradingview.com
by rajista
1
Tron (TRX) Time to get back in after the correction (+22% BTC)Tron will be launching their main-net on May 31st, and during the month of June they will be electing their super representatives for the Tron community. It's easy to predict that the price will rally during the news, but the hard part is calling the bottom. Signals: BTC dropping to close to 8000 USD, which is the big support level for bitcoin. Bullish divergence forming on the 4-hour chart assuming we can hold our current level. How to trade: Buy In: - Current level of 730 if you believe downside is over short-term - 680-700 satoshi range which is likely where we get another bounce. I have set most my limit orders at this level. Sell Targets: 899 satoshi level (Main target) 1000 satoshi level 1200 satoshi level Stop Loss: Under 650 satoshis. The rest of my targets have been highlighted by a red square, but I believe the mainnet pump is unlikely to get too far past 1000 satoshis. My personal strategy for trading the hype for TRX. 1. Buy TRX at lowest level possible before first major awareness tweet & sell after bearish divergence on the 4 hour RSI. This date has been shown using the first vertical blue line. 2. Buy back in after a correction of at least 10%. Sell 90% 2-3 days before the mainnet launch. This date has been shown using the second vertical blueline. 3. If we are in a bullish trend, buy back in once again in after correction in anticipation for the TRX super representatives election. Thanks for viewing and good luck on future trades! If you have any comments or constructive criticism, please leave them in the comments.
Long
by HD1184K
3
TRON: NEW DEVELOPMENTS = 19.31% PROFIT!!! IN 24 HOURS!!!Our " Crypto Bottom" Trade Indicator has correctly identified a buy in point on the 12th of May 2018 . Using this buy in point and selling at today's price, you would have expected to net 19.31% PROFIT!!! The increase in price may also be explained by positive development s including: 14 April: TRON launches Project Genesis: a reward pool totaling $2 billion USD and a variety of programs—all for the TRON community and developer 21 April: Bit-Z will support TRON main net migration 21 April: TRON airdrops 30M TRX to Ethereum holders. 22nd April: TRON is the second most active developed cryptocurrency on Github. 24 April: TRON launches TRONSR forum. 24 April: TRON will be listed on Coinbene. 24 April: TRON starts trading on Bittrex. 28 April: TRON is ranked by TokenInsight to be the first in line code submissions and indicator of development activity. 28 April: Bittrex publicises that they will support TRON's Ethereum 1.79% ERC20 token to a new TRON mainnet and blockchain. (NEW) 1 May: Bitfinex announces that they will be supporting the blockchain upgrade and token swap. (NEW) 1 May: TRON initiates airdrop of TRON to Ethereum community. (NEW) 2 May: Coin Tiger (Chinese Exchange) lists TRON. (NEW) 8 May: TRON Mainnet Odyssey-v.1.0.6 is released. (NEW) 9 May: TRON announces that they have more than 1.08 million users. (NEW) 9 May: Binance announces that they will be supporting the blockchain upgrade and token swap. (NEW) 9 May: Coinrail (Korean Exchange) announces that they will be supporting the blockchain upgrade and token swap. (NEW) 10 May: TRON announces that their 30 Million TRX Token Airdrop is Complete. (NEW) 10 May: TRON announces only 21 days until mainnet launch. (NEW) 10 May: TRON announces that TRX has been accepted as a method of public charity fund-raising by a well-known American charity. (NEW) 12 May: Coinnest (Korean exchange) announces it will support the TRON blockchain upgrade and Token Swap. (NEW) 12 May: TRON announces that will be launch TronVM v.0.1 on the 25th May. This version will be fully compatible with the Ethereum VM allowing Ethereum developers to use an adapter to migrate seamlessly from Ethereum dApp projects to TRON. It is also noted that The Tron Main Net is poised to be launched on 31st May 2018 with TRON will be migrating from ERC20 token to TRX starting from 21st June 2018. It is noted that the Super Representative elections will be held on the 26th June 2018 (a Super respresantive is the bookkeeper on the TRON network. The elected number will be a total of 27. They are responsible for verifying the transaction data distributed on the network to perform package transaction and create blocks). An increase is trading volume is driven by Korean and Chinese Exchanges accounting for roughly of all trading volume .
by CryptoTradeSignals
Tron Attempts to Break Free from Downtrend.Hey, I am back with another Technical Analysis, this time looking again at Tron . Tron had a lot of controversy in the past, but the creator really believes in the Tron with the whole China being excited for tron, at 31. May is Tron releasing they Main net, which can lead to a pump or a dump. That was in short about Tron, lets continue to chart. Clear downtrend line can be seen, this Downtrend line represent strong ressistance. There are few stronger ressistances, but tons of small that I havent drawn because it would be way confusing. Tron was holding at its strong demand zone, but due to bitcoin breakdown, Tron was having really hard time keep it together and stay that high. Currently this zone represent strong ressistance. What do I expect ? There are two ways how I see this situation. A - two strong ressistances in front of us, needs huge buy power to break trough. Tron may fall a bit lower to around 800 and break from there. B - I see this happening only if Bitcoin will see another breakdown. Tron retesting support area around 750 and bouncing upwards. Taking look at Indicators. MACD - Impulsive buys, gives strong buy signal, steep curve. RSI - needs to bounce off 51 and stay above this level to stay bullish. So I think thats about it.. If you have any Questions feel free to ask me down bellow or at my discord channel! Hope I made your view on whats going on with Tron somehow clearer. If you like this TA let me know in the comments, Likes are aprreciated, Thanks ! If this gets a little bit of attention, I will update!
by TiborVrbovsky
7
There is a possibility for the beginning of uptrend in TRXBTC .Technical analysis: TRON/BITCOIN is in a range bound and the beginning of uptrend is expected. The price is below the 21-Day WEMA which acts as a dynamic resistance. The RSI is at 48. Trading suggestion: The price is in a range bound, but we forecast the uptrend would begin. There is a possibility of temporary retracement to suggested support zone (0.0000069 to 0.0000058). if so, traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets. Beginning of entry zone (0.0000069 ) Ending of entry zone (0.0000058) Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" , in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons: Take Profits: TP1= @ 0.0000085 TP2= @ 0.0000108 TP3= @ 0.0000148 TP4= @ 0.0000204 TP5= Free
Long
by ForecastCity
There is a possibility for the beginning of uptrend in TRXBTC .Technical analysis: TRON/BITCOIN is in a range bound and the beginning of uptrend is expected. The price is below the 21-Day WEMA which acts as a dynamic resistance. The RSI is at 48. Trading suggestion: The price is in a range bound, but we forecast the uptrend would begin. There is a possibility of temporary retracement to suggested support zone (0.0000069 to 0.0000058). if so, traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets. Beginning of entry zone (0.0000069 ) Ending of entry zone (0.0000058) Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" , in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons: Take Profits: TP1= @ 0.0000085 TP2= @ 0.0000108 TP3= @ 0.0000148 TP4= @ 0.0000204 TP5= Free
Long
by ForecastCity
There is a possibility for the beginning of uptrend in TRXBTC .Technical analysis: TRON/BITCOIN is in a range bound and the beginning of uptrend is expected. The price is below the 21-Day WEMA which acts as a dynamic resistance. The RSI is at 48. Trading suggestion: The price is in a range bound, but we forecast the uptrend would begin. There is a possibility of temporary retracement to suggested support zone (0.0000069 to 0.0000058). if so, traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets. Beginning of entry zone (0.0000069 ) Ending of entry zone (0.0000058) Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" , in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons: Take Profits: TP1= @ 0.0000085 TP2= @ 0.0000108 TP3= @ 0.0000148 TP4= @ 0.0000204 TP5= Free
Long
by ForecastCity
7
#TRX Will the support hodl and go to moon? Hi friends We are now ready, MACD is ready AND RSI says we will not be bearish so far! Hope everyone who followed my last chart has got an good entry they are happy with when we now choose direction of trx soon. -We now see clear signs of the sales pressure on MACD begins to dump out on the 12-hour chart, i think this is the last push from the bearish side. -RSI in 12 hours: Will not fall below the bearish limit 51. I now expect more buying pressure -RSI in 1 day: Has fallen slightly below the trendline, but is still at 62, this should turn now within 58 if we get enough volume in the next few days. *Trx must soon decide for direction as we have soon used up the whole triangle, I have also drawn with another scenario I see can happen. KEEP SAFETY BELTS ON
Long
by Porshy
9