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Tronix

Tron is struggling with a Weak Money Inflow..WHERE IS THE MONEY?It seems on the graph that people start loosing faith on the project since 10th of January with a significant decrease of money inflow. Tron did pass this step in the past and might recover from that in the following months but again I will watch closely the money inflow for TRX and see if a significant sign of reversal can happen. When you work on chart, you might have a lot of noise that can alter your interpretation and then your forecasting. Many things come in mind when dealing with this data and the one I prefer is Multiple Imputation to remove basically the data that does not make sense (the outliers) or replace them by data that make more sense. The outliers for the Trx case is definitely the surge in price after Justin Sun, the CEO, came with an announcement that Tron will partner with a TOP 100 Nasdaq company. Seems that people were expecting a big name like Alibaba or TENCENT, but Boafeng (Netflix of China) came up and no one knew about it. They are hiring many big names from large companies so I'll update the chart based on the money that is going in and MACD. Stay tuned! And trade safely
by UnknownUnicorn1484312
6
TRXBTCTRXBTC has floored and seems ready to resume its move back up to form a Cup & Handle: - price has barely budged in regards to the BTC crash. - RSI is at an all time low ; indicating that we're deeply oversold. - A series of hammer have formed on the 4hr ; indicating that the downtrend is slowing down - RVGI seems to be indicating that we're at the start of a trend reversal. - TRXBTC has touched the 450-455 satoshis mark ; and is ready to bounce on it once BTC recovers.
Long
by CryptoFeynman
6
TRX ( TO the Moon ?? )This is a simple analysis based on past trends of the price action of TRX. Notice the Dips in the past, I have highlighted three of them. This dips happen after a sharp rise of the price of coin. Common phenomenon in cryptocurrency world. These dips bring back the price to almost exactly the same level to when the price action starts to break a new ATH. I am not going to predict the price action that will follow the dip. There's tons of more robust technical analyst in this platform than me. But what I want to imply by sharing this chart is that we are yet to see the dip before the next surge. Possibly to 250-400 sats level before it breaks out. If you are a HODLer - Hold on for dear life. :-) If you are looking for an entry - we are yet to see the dip - So BUY the dips. TRX has future and the value could easily be more than a $1.
by cryptickem
4
Tron TRX Forecast - The most FUD'd CryptoCurrencyTron is the most FUD's altcoin to date. However TRX has the potential to actually rocket to the moon and out of orbit! History shows us the most controversial companies are usually the companies which revolutionise the industry. Tron has the capability to do this. What Tron is trying to achieve is incredible and it comes to no surprise the amount of hate around this coin. Chart shows support around 450 - 500 area. Considering BTC is down, TRX is building foundation around this area. Basically TRX shall start again from where it pumped to 2,000. Tron has yet to release a product and we are sure that Justin Sun is beefing the developer's team. Investor's are hoping for a partnership with Alibaba imminently. Investors also want lambo's overnight :) It seems obvious that Jack Ma is showing interest(does not mean financially) in Justin's start-up. I find it hard to believe that a start-up company is stealing senior developers from the biggest retail company in the world. Jack Ma MIGHT be "transferring" these developers. Eventually if TRX's product is successful, Alibaba's partnership won't seem far off. Think about it! This is not an investment advice, always do your own research.
Long
by itradearn
2
TRX: when will it stop?Things aren't going as we planned eh? It broke the 455 satoshis support and it's looking pretty bad. So I've got a new analysis for TRXBTC (I'm planning to do a TRXUSD as well). This time I was a little more conservative drawing the major trendline. In addition, I draw another trendline - a internal one (which is based on the mid highs and mid lows) - and it is parallel to the major one (which can indicate that the market will go up eventually ). I saw this bullish flag first when TRX went up to its ATH and then dropped. As you can see, volume went up and then down during the flag. When the volume when up again, the flag ended to confirm it as a bullish pattern. Looking as far as I could, this bullish flag is inside a bullish pennant . As the theory goes, the move after the pennant is completed should duplicate the size of the move preceding it. The move preceding it was +346.64% so we would be talking about ~700% which would result @ 2380 satoshis - giving that it will drop to around 300 satoshis when the pennant is complete. What are your thoughts?
Long
by krobolin
8
TRXBTC - SHORT - 1 hour ChartAs you can see (using heikin ashi candles to try to average the volatility ), we should now be at the peak of the climb from the previous low of 480/520. Will next expect steady correction downwards to around 440 level and possibly below in this next cycle. SRIS and CRSI both indicating the position is currently overbought, although MACD not yet convinced (although this may be simply indicating a slow descent as shown in the sketch). Possibly a great sell opportunity to buy in lower for more coins, whilst we wait for the major correction up to arrive. Opinion not advice Comments welcome - 1B2rBfu9X4nms6EtuQWDQuNy87Jn9hYkJs for BTC 4.52% 4.87% donation if you find this helps, and want to show some love!
Short
by HODLBro
1
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.
Short
by franzfransua
TRX Quick 45 Minute Analysis Quick TRX analysis, As you can see the support levels for TRX are currently hovering around .00000730 BTC. The Resistance levels that are needed to move the TRX price up for a significant uptrend are sitting around .00000862 BTC. Furthermore, the downwards trend-line is weakening, while an upwards trend-line is showing stable upward growth. If the price jumps up past the resistance I would recommend waiting to see if its just a pump, unless you day trade. Let me know what you think.
by Proncs