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Tronixbtc

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.
by Earl_of_Crypto
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.
by Earl_of_Crypto
1
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.
Long
by itradearn
10
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
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