TRX/BTC Neutral analysis, or TRX sums upJust a very basic & neutral analysis on the major TA indicators.
Tronbtc
CoinLoop AI Signal: Tron (TRX) - SELLTRON ( TRX ) · Loop A.I. · 3 hours ago
Indicator: Negative market sentiment. Negative social volume rapidly increasing. Buy volume decreasing.
Signal: Likelihood of price decrease: 71%
Check out the signal: coinloop.io
TRX/BTC - Free Falling till 0.00000413 and then to 0.00000223I 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 it passes above 0.00000709 point which is the First Resistance (weak) . In my opinion, It'll fall till 0.00000413 which is Very Weak First Support . And then if it falls below this level, it'll drown to the level of 0.00000223 which is the First Strong Support level . However, this means 100% decrease when we compare it with the current level.
After this point it will have 2 options in the LONG term:
1) To pump to the moon again;
2) To lose all its power sinking towards the dip level of 0.00000025 which is the next Lasr Strong Support level in current situation.
TRX (CLASSIC CUP & HANDLE)This is a classic cup & handle up trend continuation pattern. Bottom looks to be 0.07 - 0.08 will break new highs just my observation.
TRX freefall to 600-580 SATFailed to hold 3 times in a row, now continuing to fall to the next support level which is 573. Sad news guys.
TRX/BTC chart studyTRX/BTC chart analysis
Trx retraced to 0.6 fib and sitting on its support level
currently. if it didnt break its support at0.6 fib
then we can expect it to bounce again to 0.38 fib (first resistance).
Tron Breaking Down to 445 sats?Quick look at TRON $TRX tonight:
It looks like TRON has touched the support level at 690 satoshis and just below. If it confirms the daily chart below 690 sats, look for further (more likely than not) falling to 445 sats.
TRX correction complete +320% target 0.0000374 BTCTRX looks good again. Broken above the previous target buy zone before the correction and the over hyped announcement from last week.
Measuring the previous large rally, we should see another +320% from the bottom of this starting point.
TRX' future yet to decide, but valuable to watchI am really very uncertain about the future going of TRX , as it is going quite weak recently, plus negative news about this token. However, there are two notable facts: 1) the price did not crash upon the negative news, and the news itself is questionable, claiming that its code/whitepaper is plagiarism; 2) negative news has been following TRX and its founder Sun since its listing in Binance, which, however, could not interfere its upward trend.
TRX might not be the best value investment (it does NOT have an issuing cap and tokens are highly concentrated in several wallet address), however, it could serve as a good speculative objective and teststone for the market. Could we still make money from those "air" coin/tokens? TRX will give us the answer with its future going.
As for the technological analysis, I have found that different indicators are telling different stories, as you can find on my charts. However, although with the divergences, the support line of 743 satoshi have been broken, providing some imagination for future uptrend.
I believe altcoin investors should keep an eye on TRX, even if you choose not to participate in its trading. As an "air" coin, its speculative value will be maximized by the market emotion and serve as the advance signal of the beginning of overall downtrend and ending of overall uptrend. Considerable tokens controlled by a small group of people, making it possible to manipulate the price and become the final refute for hot money.
possible entry if it breaks marked resistance for TRX TRON/BTCpossible entry if it breaks marked resistance
Pay attention at this
TRX Headed Towards New TargetsTron has been headed up for the past few days. If we break the local resistance channel, we may reach new highs.
Tron is going to explode! Still possible to get in!There is nothing to really describe... $TRX has been bullish recently and with high probability it will explode in next few hours.
You see these waves... it's pretty much possible.
Where I think Tron is headedI think tron will dip a little more before it goes back up. Then after the short burst of FOMO, dump a little before going back up.
Update! Don't short TRX. TRON will explode soonIt may not touching 600 satoshi or lower. Just hold and wait for profit at 5000 satoshi or more.
Soon... It's very soooooon! Hello mister Elliot!Nothing to describe. Chart speaks it self.
Hope this chart will help you in your trades.
Before it hits 1$, you can short and re-buy 2 times, after 1st wave, and after 3rd wave.
Don't be afraid to see an insignificant dip before wave 1 begins.
If you want to lose, just sell it and forget about it.
Wish you good earnings! Good luck!
For tips:
BTC: 189gZ7qEP2uVqDZkyLmn9JmCCmqCnbpDVp
ETH: 0x5F1280a09EB114Df03b133fbAF592F81cc50A0e0
LTC: LguwjDn6X5wSYU7B48SSzLdf2GnCFh9qZG
TRX looking bullish once againTRX has been in an incessant slide after reaching its all time high at 2000 satoshi. This afternoon it looks to have broken out of a falling wedge and may test upper resistance levels around 1000 satoshi again.
Best price to buy - 600 satoshiWe 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.
Good Luck!
TRON #TRXBTC - huge bullish flag pattern! +300%!!!TECHNICAL ANALYSIS OF TRXBTC CRYPTOCURRENCY:
The price of TRXBTC cryptocurrency after three up waves is now in corrective cycle wave 4. From a technical point of view, the shape of wave 4 resembles a flag (pennant) pattern and from the Elliott Wave point of view - a triangle pattern.
A cluster of Fibonacci levels, which is the abolition of 61% of the last growth swing, is between the ranges 0.00000796 - 0.00000888, just above the level of support at the level of 0.00000690. This support zone should withstand the pressure of supply and be the basis for further growth.
Breaking the mountain towards new peaks will be sudden, violent and fast. The first target level is 0.00002420, the second - 0.00002894 (as far as the 4th wave at the level of 0.00000690 will not be violated)
TREND AND IMPORTANT LEVELS:
Main trend: GROWTH
Intermediate trend: DROP
Daily trend: DROP / NEUTRAL (continuation of the correction and the option of breaking)
Key levels:
- for further increases - level 0.00001398
- for continuing correction - level 0.00000888 and 0.00000796
- for the continuation of decreases - the level of 0.00000690
PS: Be sure to add me to the watchers!
PPS: The next analysis of the next cryptocurrency will be published, if this post receives a min. 100 likes. :)
