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Tronix

TRXUSDT - broken support level!The price has now fallen below the support level which was standing for the last couple of months, after breaking below the price retraced back to the broken support and bounced, this means that the support level has now started to act as a level of resistance. This is very negative news for this crypto as the pair is looking to be bearish. I would keep everyone updated on this pair over the coming weeks, follow and like if you would like more analysis like this.
Short
by JohnnyPurtoy98
1
Can Tron remain in Uptrend?Hey, I am back with another Technical Analysis, this time looking again at Tron. TRON the cryptocurrency I am hearing most about only with good news, bought Bittorrent, Justin offered big sum of money to someone who can find a error in his main net, succesfull main net launch, listed on many more exchanges. So Fundamentals are strong, but what does Technicals says? Lets find out. Afer hitting 1000 levels twice , we have seen profit taking dowtrend line until Tron was able to find some good support level. Currently it seems like 650 is pretty strong level and may been the bounce area, true bottom . Currently Tron is riding EMA on uptrend line about to test 750 level. What I do like about Tron, and why I think that it can remain in uptrend? Lets just look at RSI. The whole time in this downtrend from 1000 levels we havent seen Tron being in overbought levels, even if, just for a short time, found ressistance at the level and fell without founding some good support and was being oversold most of the time. But this time, Tron sees some strong bounce from oversold right to overbought , tested the overbought area twice and failed, if it was bearish it would retest 40 and bounce just a bit and fall or keep in neutral zone, but Tron has maintain to find support at high level and has broken the strong demand level on RSI and it looks like we are finding support on the 60 RSI level, lets see if it can hold. When looking at the MACD you can see that we are in a decision point , we need to see a signal line slide over the slower line in order to remain strong. Okay, but where is the Ideal buy? On the uptrend line with a tight stop loss . 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 somewhat clearer. If you like this Technical Analysis let me know in the comments, Likes are always aprreciated, Thanks ! If I see something worth to share on the chart I will surely do an Update.
by TiborVrbovsky
TRON - Independence Day, Positive Scenario TRX/USDTRON main net will officially become independent on June 25, 2018, Singapore time The current hype around this relatively new cryptocurrency and a successful independent might take the price of TRON to new highs... TRON already have great partnerships with very big companies and constantly growing in terms of development, new partnerships employees and more. Technical The "Leg" from March 18, 2018, to April 30, 2018, is now followed with a correction that reached 78.6% Fibonacci and might go even further down to 88.6% Fibonacci and even further. My strategy for this trade is pretty simple: My Trade size = X I Bought half X on 78.6% (0.039598 Bitfinex) I will buy the second half at 88.6% (0.031905 Bitfinex) My Stop Loss = X
BITFINEX:TRXUSDLong
by moshikomemi
TRON UPWARD MOMENTUM NEEDED TO BREAK RESISTANCE Hello everyone! TRON needs to break the .0427 resistance in order to have serious upward bullish momentum. Look for any break in the resistance it could potentially mean TRX could go through the roof. TRX has been bouncing up and down in between the support of .0409 and the resistance of .0427 for some time now. Upcoming we are expecting to see a bullish push in the cryptocurrency market relatively soon. If we break through the .0427 support then we will need a while to recover. Thank you for reading! Throw a like if you agree!
BITFINEX:TRXUSD
by Murph22
2
TRON ON REVERSE BUTTERFLY PATTERN? - CryptoManiac101This is a very good investment for long term, not for short term. Market is not stable for Tron currently and if this pattern continues, I see it dropping to new lows which have not been seen for few month now, which is great for those looking for an entry or shorting opportunity in alts. Enjoy this trade my Crypto Maniacs, but remember to invest only what you can afford to lose or you're going right back to poverty on drop. We are not your financial advisors.
by CryptoManiac101
13
tron never really bulledfresh perspective on trons Spring 'bull' run. was it even a bull run? yes it gained momentum but barely touched 50% of what it had dropped from ATH. the 1-5 EW was incomplete and dropped off after wave 3 peaked (c of B wave maybe??). Corrective waves usually occur as 335 or 535. With trx we saw a 5 wave A down, a 3 wave B up and now possibly another 5 wave C down. After the B wave we have also seen a double top which indicates down movement bringing us to where we are. Overall down is the direction its just a case of how far, reversing here at 760 sat would indicate that wave 5 is still on however a drop below could see the completion of wave C and a double bottom at 315 sat. Prepare for all scenarios tronix. peace :)
by cooper_5e
6
Tron (TRX) Support found! Rally up possible. Tron has found strong buying pressure at 800 satoshis, we had a triple bottom on the 4 hour chart. The rally further exemplifies our current short term bullish momentum. However, what was worrying was that TRX dropped 16% overnight, meaning a lot of investors are itching to sell the coin. Furthermore, the forces may turn at any moment, as TRX is having trouble climbing over 875. I do believe most the selling pressure from retail investors is gone however, since we dropped 20 percent in 48 hours. How to trade Buy in: 860 satoshis Stop loss: 847 satoshis Selling points 930 satoshis. (This is possibly the strongest resistance point TRX will face, as the drop was due to mainly bots liquidating, so many retail investors are stuck holding bags around this area) Thank for reading! Leave all your criticisms in the comments below. It helps me improve my technical analysis.
Long
by HD1184K
6
TRXBTC 6/1/2018 Analysis CHECK CHECK!I believe TRX is only consolidating to get a new ATH!! it is possible that this gonna happen in the next 2 weeks! so HOLD! baby!! if TRX able to break the Minor resistance and turn it again to minor support that will be a good sign and if we are able to have atleast 2 candle sticks above the orange line that is a break out baby! To avoid losses set your SELL- STOP-LOSS: 755 satoshi , If we broke the support this will lead us to 600-620 satoshi!
Short
by wrecklez
6
Tron (TRX) If we cannot bounce from current support, drop comingTron has seen a 12% drop from its highs due to the price movement of bitcoin, where it got rejected from an important price level. Currently we are hovering at 875 support and 0.786 fib line and have seen a bearish divergence, meaning this is likely the temporary bottom. We need to see a bounce from support or I will be extremely bearish on Tron. The bounce must occur before the 29th. How to trade: *Stop Loss: 850 satoshis Buy in: 880 upon bounce confirmation. Basically if we get a couple green candles and high volume. Sell targets: 960-1081 satoshi range (recommended target) 1100-1180 satoshi level 1260 satoshi level 1379-1400 satoshi level Thanks for reading! I will update you as time goes on. I have made a bad move and bought back my position at 923 and sold at 898, as I didn't expect this level of downside. Currently deciding if this trade is for me, since as proven by the test-net, a 30% dump may be looming in the horizon. Please leave any concerns and your view on TRON in the comments.
Long
by HD1184K
8
What Will Happen After TRON Main Net Launches?Hey, I am back wtih another Technical Analysis on TRON . Okay, so TRON has main net launch on 31/05/2018 which is in five days. What will happen after this launch? There is a lot of great Fundamentals news about TRON, for example buying BitTorrent as it was in their whitepaper , Apple adding TRX pricing to its stocks, Vsport partnership and many more.. Lets just dive right into the chart. All time Downtrend line, Steep untrend line and overall uptrend line. There were 2 Pennants, 1 ascending and one ascending that we are currently in. I havent drawn them because it would look confusing, maybe in update I will draw them. Support levels, bounce zone 890. Looking at Indicators. RSI flying in Bullish levels, MACD seems pretty bullish too, EMA with bullish divergence. There is one BUT. As every alt follows Bitcoin, and currently I am still bearish on Bitcoin, the touch and bounce off this steep uptrend line seems likely, t he Steep uptrend line present the best price to get in. 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 Technical Analysis let me know in the comments, likes are always aprreciated, Thanks ! If I see something worth to share on the chart I will surely do an update .
by TiborVrbovsky
14
Tron in a Pennant Breakout Pattern once Again.Hey, I am back with another Technical Analysis, this time looking again at Tron. It is reported, TRON will launch virtual machine on May 25, mainnet on May 31, token migration on June 21 and the first 27 super representative elections on June 26. Last time TRON has drawn Pennant it looked like this - Pennants are 50/50 bullish or bearish patterns. Currently is RSI looking the same even MACD, can even this Pennant be bearish or bullish? I will keep you updated, I already have position in this Pennant and I hope, this time it will break upwards. That was short about TRON, lets continue looking at Chart. At current chart you can see a pretty run up created from rounding bottom, flag and Ascending Triangle, currently we are in Pennant. 1000 as a strong ressistance. Taking look at Indicators MACD has still some room to fall, in this case you can see that we are on downtrend from 967 but Tron has fall really only to current date only 25 satoshis, which is a good indication in Bearish MACD. RSI is having tight battle to hold on the support level. 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 Technical Analysis let me know in the comments, Likes are aprreciated, Thanks ! If I see something worth to share on the chart I will surely do an update.
by TiborVrbovsky
2