Tronix
TRON TRX? Feb 12th?So Obviously Most of the pattern with the Premium Coins mimics BTC with a possible Head and shoulder
and I see a completion around 2/12/2018.
IF and only IF, The BTC head and shoulders is complete, then we can see a spark of some limited growth until the next major Resistance.
If this doesnt happen then ignore this and have to reassess the new situaiton.
Anyways just went over my TRX chart and it seems that the Bottom is near and may also
Change directions between 390 and 440 Satoshi range towards the uplope.
This Parabola only holds true if Bitcoin decides to Break out and form the Inverse Head N shoulders reversal trend and break out of the Wedge.
Also the Parabola may take a month to finish, only depends on further analysis and future conditions. Most of TRX investment are HODL'ers and
many still won't buy until there is a working product. We already know that on March 31st Exodus Beta starts and TRX is ramping up the Roster with top class programmers. So may have some investors come back when they see a rise in prices again and BTC is healthier.
This is only my opinion and what I think Can possibly happen if conditions are smooth and people are optimistic in Bitcoin to power up the the Alt Coins.
Of Course whales want to dump on the way up at every opportunistic chance and buy the correction dips so Don't tread water in these areas if you're not doing the same, buy low and HODL or Sell high and find your opportunities.
I'm gonna throw in some money in the buy zone, if Bitcoins Reversal pattern turns out. Great! If not, I'm optimistic that TRX will have some sort of future value. Try to get at least 50,000 -100,000 TRX @ 3 cents
They are based out of Crypto safe countries and not China, so no worries.
TRXBTC awaiting breakout The market is demonstrating tight price action hugging the bear trend within a triangle
A break above can send the market upwards (with some resistance met at 0.00000737, if the bulls carry enough momentum behind them we could see price test at 0.00000857 - again if the market is strong enough we could break above that and see a test at 0.00001003 (were we'll experience a period of consolidation or a price range between 1003 & 1256)
A break below can send the price towards 0.00000475
Decision time for TRONIX: continue downtrend or shift to uptrendTRON is stabilizing on a solide resistance level after a continuous downtrend. A bounce on the current 4h resistance level can be expected.
From FA side the TRON Foundation continuously announcing partnerships, listings and coinburn / mainnet ahead.
Check the upcoming events for TRON until March 2018.
coinmarketcal.com
trx still following line of support but under heavy stressFollwing trx over the last two days it has hugged the support line dipping below and shooting above all the time coming back to rest on the support. This to me says that trx is under a heavy load from both the bears and the bulls. it will be interesting to see where it ends up as the market has been slowly leveling out over the last week.
It looks to me that any movement that holds above or below this line of support will determine the next month or so of trx prices.
I dont know about you reader, but i for one hope trx gets some bulls behind it and regains its wings!
Mogli, out.
TRX: Fan speedlines and channels.This is just an update about TRXBTC and my view about it.
Here we've got a major growth channel (yellow lines) and a minor decay channel (white lines) - the thing is: we are inside both. I've applied fan lines where its channel lines origin (zoom out and you can see it) to see the speedlines. That's how it goes: if the 1/2 uptrend fan speedline have been broken, it'll go up, if the 1/1 uptrend fan speedline have been broken, down we'll go. Same logic to the downtrend fan speedlines.
Interesting enough, both 1/2 and 2/1 couldn't be broke in this downtrend (it broke the 1/2 in the uptrend but it has stopped at the 1/3!). Right now here going towards the 1/1 speedline and at this rate we'll reach it @ 540 satoshis so set your stop-loss there.
If it bounces, we'll retest the 2/1 speedline. If it doesn't... well, I don't need to say it :(
Hard times these days. Trade safe!
trx finding supportTron pushed up with the latest btc bounce which has given it a new support line detailed by the dotted yellow and highlighted by the box. this is good news if you are holding trx as if the support continues to hold despite being tested multiple times today it gives trx a good place to rise from. im expecting trx to follow the dotted white line highlighted by my arrow.
this is not trading advice but rather musings and speculations based on what we have seen and the crypto market as a whole.
if you have any questions or want things clarified please dont hesitate to comment below! Any criticisms as welcome as well, we are all learning here!
Mogli, out.
Could this be the TRX breakout we've been waiting for?Ichimoku Cloud is starting to thin out and show early signs of a TRX reversal. If the chart proves to be true, we could see a strong upward break on Monday & Tuesday (US). This also coincides with some fundamental announcements next week, especially the release of Tron-Dogs (Monday).
What do you think?
TRX Price approaching 0.61 Fib. Retracement lineWe might soon expect trx prices to rise slowly. Its been a long downtrend and now the trend might have switched.
If Tron breaks the 0.61 Fib retracement line, we might expect it to drop all as low as 0.00005 ETH price, which would be an alternative buying price.
What are your thoughts, which lines are going to be respected?
TRXBTC: 5TH WAVEHere it is whats going to happen to TRXBTC. I was actually about right in my previous TA about this coin and now I can say that this pattern is about to repeat itself. It's the 5th Elliot wave and inside of it there's going to be ups and downs just like the 3rd wave.
The pennant broke yesterday and it has already began spiking. As theory goes, as I said in the previous TA, when the pennant breaks it goes up twice as the previous pump - so I put ~700% gain, reaching @ 3635 satoshis. Other targets are in the charts, not sure if they are going to be exact like that, needs to develop.
Please take a look at my last three TA before going into this one! Links are right below the description.
TRX potential break out early next week.cloud thinning and long term trend support.
I am not suggesting a retracment to an all time high, but rather im expecting to see an Elliot triangle wave to form which is not detailed here. I will be doing further analysis tomorrow which will include this trend.
Tron TRX Forecast - An Closer Look Helps Paint The FutureFollowing my previous chart which showed Tron's potential, I am now taking a closer look of how the chart should make it's way up in a conservative manner. However I must point out that there is nothing conservative about TRX. When it pumps it pumps hard and when it dumps it dumps harder.
The chart depicts an upward trend following the long-awaited bullish reversal. In order to retrace the prices in a more accurate manner I've decided to omit the swing low (382) and take the next swing low (478) which actually confirms the reversal of trend. I've taken into consideration the chart's bearish trend angle and averaged it to around 30 degrees which in-turn used it to trace the bullish trend pattern.
Since bullish reversal is most likely confirmed I've decided to go for the Elliot's Wave to support my idea. I've labelled the support and resistance levels through multiple Fibonacci retracements and extensions. The process is much more complex but I've decided not to clutter the chart and keep it simple. Chart does not take into consideration BTC's price.
Hope this helps create a clearer picture of TRON's future price.
This is not an investment advice, always do your own research.
TRX - waiting for big Volume ( daily chart )TRON
Fundamental :
-New Chinese startup driven by enthusiast Justin Sun ( Forbes asia under 30 )
-Partnership with Baofeng group. Baofeng, aka Chinese @netflix, boasts more than 200 million users as a video portal giant and has achieved 8 billion CNY listing in Shenzhen stock exchange
-TRON Union Core Member Peiwo APP Won China’s National High-tech Enterprise, which is issued by Ministry of Science and Technology ,Ministry of Finance and State Administration of Taxation.
-Game dot com will make TRON puppies game English and Korea version
-and still many things like alibaba employee ,bla..bla..bla
negative :
-too early
-copy white paper ( but yeah it's chinese and they do have language barrier )
-marketcap at 7B and without any delivered product yet
-and Litecoin charlie seems....
Technical Analysis ;
watch that key level ! people gonna FOMO back in
my opinion :
nothing impossible in crypto world, Tron will survived all the FUD
i'm going to Hodl Tron for longterm position
Neutral Buy -