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Tronix

TRX - The sleeping giant, waiting to be awaken by BTC.We have a clear symetrical triangle, that previously looked like a head and shoulders pattern. As this depletes the sellers back closer the support line, we can see a break out may be imminent. While the degree of breakout is unclear due to BTC being the driving force in the market right now, there is a slight possibility in this being a decently sized 1-5 EW pattern. If we have seen the first two waves, as marked, we could be in for some fireworks for an upcoming wave 3. This is all speculative at this point, but has a possibility of occuring if BTC can stabilize for a bit. The volume has dropped a bit, but is still enough to produce such a pattern, if conditions are favorable. Will post an update tomorrow night, as we see what unfolds.
by Pburke2323
5
TRX/BTC advance main net launching and good buy orders coming...2hour timeframe for TRONIX, giving a good move after the series of three black soldier. Looking at the RSI, and a possible cross will happen if continuously to give a decent trend. As the announcement of thier CEO (Justin Sun) for the advance launching of thier main net on March 31st. So Thier maybe a good possible outcome and make the volume closer high. Maybe I can buy at the recent price 0.00000414sat and exit at 0.00000440 for short term trade. Tentatively, I can also hold tronix before the main net will be published. Disclaimer; Please be reminded that ALL information provided above is all tentatively and no assurance. NOT an Investment advise and only intended for educational purposes. DO YOUR OWN RESEARCH...
by arabin
TRX - Breakout possible, if conditions are favorable.If you check my previous post, the pattern is holding true. This is a slightly downward facing triangle, that currently is squeezing out the last of the sellers before another breakout point. I think this coming breakout point will be more significant, as BTC is stabilizing above 11.5k. Watch the 4 hour charts to see this squeeze a little further until the apex point. The breakout is very likely as it hits the apex, but how the breakout looks will remain to be seen. So far, we've seen a breakout, and then an even smaller right triangle each time, but one of these could give to a new ATH if the volume if 1) the volume is significant enough, and 2) BTC has stabilized. BTC is the driver right now, and if it remains in it's current up-trend, we can expect the alts to continue to suffer until people decide to pull from BTC and invest in the alts. Either way, things still look good for TRX, and we'll just have to wait a bit longer for a meaningful breakout.
by Pburke2323
TRON perspectives on a bull runso previously posted the chart diagram and theory that TRXBTC would be experiencing a bull run in the very immediate future - give or take 2 weeks as outlined using the green markings however, when re-evaluating the chart and pattern formation we see unfolding before us, one needs to look at how long we have been in this corrective phase and realize that not enough time has elapsed, perhaps. although all targets remain the same, i still see this going back to all time highs this year and before the summer arrives, but i just think that this return to these lows will have to stick around for some more time. a lot of people lost at the top to make the profits seen from those who had been in on TRXBTC back at the double digit satoshi range for tron. this longing of the U, idk what the technical term is - but this rounding of the bottom (maybe?) could be much wider than what was indicated before. so expect something more like the light blue outline to pan out as a primary timeline and use the green one (originally posted) as a best case scenario.
Long
by crypt0nlyst
4
TRXBTC - Breakout soon? TA on RSI/MACD/EMA onlyParameters: EMA - 13, close (red line) EMA - 48, close (blue circles) RSI - 28 - reasoning for this is that lately I've been experimenting with 28RSI and it seems to fit my narrative of uptrending from a value of 50 RSI -> possible breakout MACD (13, 28, close, 16) - reasoning for these values is to make it more "difficult" for the MACD to crossover, therefore making "false breakouts" unlikely to show on the indicator. 13EMA doing a crossover to the 48EMA, MACD crossing over soon, RSI crossing up from the value of 50 which is a bullish indication. Peiwo app is launched with TRX so TRX is now fundamentally sound. Tronix's GitHub: github.com medium.com
by NeoButane
TRON's turn to go up!With BTC, LTC, and ETH's rise in prices, the altcoins have started playing catch up. Ripple (XRP) and Appcoins (APPC) have made good progress in putting in a bottom. Is it Tron's turn? I could see Tron reaching back down to $0.02 earlier but with everything going up and the Chinese new year, I see more potential to the upside. We had some good volume yesterday 24 hours ago on 2/15 6pm EST but came back down pretty quickly. Still in a descending triangle formation getting closer and closer to breaking out. If we go up, I anticipate first targets to be around the 700-750 satoshis. We have confluence using a fib extension from low of 400 sats to previous high of 630 sats. The 1.618 extension lines up within the TP1 box based on S&R levels along with a retracement from ATH to 400 sats .236 level. After hitting this level, I would expect a retest of previous structure of 620-650 sats. This is not required if we have enough volume to take us to TP2 level. TP2 has a nice confluence level as well with the same extension at 2.618 and a retracement from ATH to the .382 level, 900-1000 sats. Let's see how TRON plays out. Comments and feedback appreciated, good luck!
Long
by dcardona1
2
TRXBTC Binance1 Day Chart, shows in RED LINES the BTC trend, and in GREEN the TRX Trend. I estimate buying on points (2) and (4) of the Elliot Waves and selling in points (3) and or (5). Good Luck This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes. Diagrama de 1 Día, muestra en LÍNEAS ROJAS la tendencia de BTC y en VERDE la Tendencia de TRX. Estimo comprar en los puntos (2) y (4) de las Elliot Waves y vender en los puntos (3) y (5). Buena suerte Esta es solo mi opinión, haga de ella lo que desee. ¿Qué significa esto? ¡Significa que no es un consejo o una recomendación comprar o vender nada! Solo se debe usar con fines informativos o de entretenimiento.
by rodulfox