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Tronusd

TRX continues to have trouble with 385!TRX is trying to break out from this range it's been stuck in for weeks but it cannot properly close above the 385 level. We did break and close above it earlier in the month but that was short-lived as we returned back below after just 2 days above. We are currently sitting on top of a demand zone, which has held strong in the past so if we are expecting some movement in TRX, now is the time as BTC continues to trend sideways. A break below this support area could see us test the lows once more, which could make a lot of bulls panic out of their longs. Breaking above resistance will cause a lot of short liquidations, which could see TRX potentially even test 2 supply levels above. Thanks guys
by CM_Trades
TRXUSD: Channel Down emerging. Short.Tron nullified the Channel Up with last week's bearish candle on 1D that reached 0.020677, and a new Channel Down is being developed. With 4H neutral (STOCH = 54.331, Williams = -50.897, Highs/Lows = 0.0000) and 1D under High Volatility (ATR = 0.0020) due to the consecutive pattern break-outs, 1W has turned neutral (RSI = 47.011) and for the time being it is best to operate between the 0.028215 Resistance and the 0.01600 Support on 1D. We remain short on TRXUSD but upgrade our TP to 0.01600.
BITFINEX:TRXUSDShort
by InvestingScope
1
TRON (TRX) Partnership w/Industry Giant BaiduThe 'partnership' between Baidu and Tron is basically about Tron buying cloud computing resources from Baidu. "The two parties have made no contact at the blockchain business level". According to the ODaily: recently, Baidu Cloud and Tron have reached cooperation in the field of basic cloud business. Tron will build, operate and debug blockchain products based on Baidu Cloud in order to ensure compatibility and optimize development experience. However, Baidu and Tron have not yet formed any connection at the blockchain business level. Currently the cooperation mainly focuses on the purchase and use of (Baidu's) basic cloud computing resources. Baidu will actively provide their blockchain solution w/ their soon-to-release blockchain commercialization super partner plan v1.0. The plan is about tech exploration and revenue sharing with their commercial 'super partners' using Baidu's 'out-of-the-box' blockchain solution. twitter.com "Finally, First time to partner with tens of billions USD valuation industry giant. Guess the name #TRON #TRX $TRX" twitter.com "TRON (TRX) Price Leaps on News of Partnership with ‘Industry Giant’" cryptovest.com “Justin Sun’s recent hinting at a partnership may be the most ambitious yet for both the young founder and the top 20 cryptocurrencies. While nothing has yet to be concerned, the current speculative mill has it that TRON is in the works to announce a partnership with Baidu, one of the largest IT companies in China and essentially the Google equivalent for the country.” cryptodaily.co.uk "As reported earlier by CoinNess.com , #TRON had inked a partnership with Baidu." twitter.com
BINANCE:TRXUSDShort
by tecusack
2
TRON (TRX/USD) - The Strongest Coin On The Market!!One of the strongest coins on the market is TRON'. Yes, it came down also pretty sharply as they all did but price action wise and technically it looks in very good shape. Some altcoins prints new 2018 low (ETC) some of them approaching the 2018 low levels but not TRON' it has far from the 2018 low point and it has multiple strong support before that level. It could sound unbelievable but the current bounce came from new higher low (HL) area. This is a big statement and shows that Tron is 'healthy'. Besides that the bounce came from the new HL area, then there are also other criteria: the golden Fibonacci retracement level 62 percent and the trendline since June 19 which worked nicely as a support and after a breakout above the trendline on Oct. 4; we could say that this was a retest. If the bounce momentum continues then the next resistance is the March low, the counter-trendline and the 200 EMA crossing area. If the price manages to push through from the mentioned levels then it is out of the danger zone and back above the 200 EMA and back above the major counter-trendline which will indicate that the momentum will continue and we go and retest the green area above the current price. Here are dangers also, the resistance - crossing area - is pretty strong and if the market doesn't show that power to go upwards that it could mean we go and test the lower levels again and the major lower levels support are marked with red boxes. If You are interested in the latest cryptocurrency news, coin reviews and breaking stories from the world of blockchain then visit our website! (The LINK is on the profile) Hopefully, this analysis helped You out a little bit to confirm your own analysis and if You appreciate what we do here then hit the LIKE button! Best regards!
BINANCE:TRXUSD
by CryptoComes
Tron (TRX) Perfect Tron calls. Looks like TRX bounce 362-350.In my last idea, I called for a Tron short. We have just hit target for 6.5% profit. The original Tron short would be in 10%+ profit. I have just made 17% of my entire account. I had short 3 million contracts of Tron at an average entry price of 395, and then I longed Tron during 335 on Bitmex and made another 6%. If I had used 10x leverage, I would have made over 100% of my entire account, but I did not. You may choose to if you wish. If you followed my calls during the minute I posted, you would also be up 6% as of right now on TRXZ18. If you used 10x leverage you would be up 60%. The 6% call was basically a 100% certain to make profit, as Tron futures were at 335 while Tron on Binance at the time was 370. RIght now it looks like Tron may continue to head lower to 350, or may hold the current price. I do believe it could reach 376 if Bitcoin bottoms here as it is very oversold right now. Have a stop loss below your entry position. It is hard to have a good stop loss as this bottom has not formed as of right now. I had longed 335 and closed 360, netting me 6%+ profit and I currently am long with a very small position at 360. I expect this to hit 350. If Tron does bounce, you can have a very good short setup if it reaches 410. I believe 378 is more likely. The numbers I posted refers to the Binance chart. If you are trading Tron futures, they will be different. Message me if you have questions. Ideal Trade Short 410 Stop Loss: 430 Expected Trade Short: 380 Stop Loss: 395 Thanks for viewing! If I made you money, feel free to tip me.
Long
by HD1184K
6
TRXUSD: Triangle and Channel Down broke to the upside.Sunday's bullish price action on TRON broke the 1D Triange to the upside (RSI = 62.102, still on neutral MACD, Highs/Lows, B/BP though) and surpassed the Lower High tolerance of the 1W Channel Down. With 1W though bearish/ neutral (RSI = 47.273, MACD = -0.006, B/BP = -0.0065, Williams = -64.978), we have to wait for the 1D Resistance = 0.02820 to break in order to confirm a sustainable uptrend. Until then, TRXUSD remains a short opportunity with TP = 0.01410 (December 16, 2017 low).
BITFINEX:TRXUSDShort
by InvestingScope
TRX price update: TRX/USDT and TRX/BTCHello people, As we can see on the chart, TRX had a massive bullish impulse, but again got rejected from the same resistance. We can see the picture more clearly on the daily time chart: Current price is testing 0.382 Fibonacci retracements of the last bullish impulse. This level is also important because it was the last higher high TRON managed to break on a smaller timeframe. If the bulls manage to hold these prices we can soon expect another attempt towards higher high on daily. This scenario would be very bullish. On TRX/BTC chart TRON looks very good: It broke massively from the iH&S structure and is now retesting the neckline. If the bulls manage to hold that support line we can expect a huge move to the upside: Be patient and trade safely.
by Obrano
TRX long Target .042 - .048 short-mid term Tron continues to show strength and a consistent uptrend since potentially bottoming on Aug 12 - TRX had a strong test of that bottom one month later. Despite the widespread disillusionment surround most crypto projects TRX continues to push forward and infiltrate minds and curiosity. I've been in Crypto since 2013 and It is my strong belief that XRP, OCN (strong ties to Justin Sun) all share similar characteristics in regards to the kinds of retail traders they attract. These traders are greedy & naive towards supply - the notion that large supply amount bought at pennies on the dollar will one day make new retail traders rich AF in the future continue to entice new retail traders into XRP, OCN and TRX. We've seen what happened with the crowd this past month chasing XRP price 200%, as well OCN. TRX has offices in SF and manages to be influential across every geographical location. Most people were under the impression (myself included) that TRX was a giant scam, but the team has continued to grow and demonstrate that they are wholeheartedly trying to build something massive. The big reason for this trade remains, the greed, stupidity and irrational price chasing plebs will do once this asset breaks out. The size of the various social media channels guarantees a word of mouth network that is explosive once engaged. From a TA perspective, .02130 is strong support and a crucial zone to hold. .02802 remains resistance, it's been tested once any break out with velocity above this range will spark a retail stampede like OCN, and XRP had these past few weeks. TRX has demonstrated rapid price expansion in it's past regarding full fomo breakouts. TRX long Target .042 - .048 short to mid term expectations.
BITFINEX:TRXUSDLong
by Trader_1918
4
TRON (TRX/USD) Is Almost Ready To Break The Trendline!As almost all the altcoins TRON' hasn't made any significant movements lately. The last push upwards brought us above the 50 and 100 EMA's and 200 EMA is slightly above the current price. TRX' has a great potential to go upwards if it breaks above the trendline which is pulled from June 19. This trendline has several touches and plays a pretty significant role in further TRON price. If the market and if TRX' finds that power to push through the trendline then there are some levels above us but not so significant and it's easier to climb higher. In the short-term (since Sept. 12) it has made nice higher lows which give us an opportunity to draw the counter trendline and if it holds the price then the chance to break through is pretty high and the target would be around $0.0275 (the green box) If the market doesn't catch the upward momentum and if TRON makes a breakout downwards from the counter trendline then it would be a bad sign. Because this level has held us pretty consistently and if we break down then it will break that market structure and the bears take control over the bulls! The supports are on the image, marked with red boxes and bulled from important previous support areas! If You are interested about the latest cryptocurrency news, coin reviews and breaking stories from the world of blockchain then visit our website! (The LINK is on the profile) Hopefully, this analysis helped You out a little bit to confirm your own analysis and if You appreciate what we do here then hit the LIKE button! Best regards!
BINANCE:TRXUSD
by CryptoComes
2
Consolidation but still bearish within the 1W Channel Down.TRXUSD has remained flat since the last update, on three straight flat 1D candles that are trading sideways within a strong Triangle pattern (RSI = 50.876, Williams = -54.910, CCi = 21.2477, Highs/Lows = 0.0000). Despite this neutral short term momentum, 1W remains a Channel Down (MACD = -0.006, Highs/Lows = -0.0018, B/BP = -0.0140) close to its Lower High limit. We remain short on TRON with TP = 0.01410 (December 16, 2017 low).
BITFINEX:TRXUSDShort
by InvestingScope
2
TRON EOY PREDICTION MIN $0.50 MAX $99 - CryptoManiac101TRONUSD EOY Let's start with main question, WHY WOULD IT GO UP? 1. Virtual Machine 2. Speculation 3. Institutional Investors 4. BitTorrent Integration 5. Media Hype 6. Bullish MASSIVE accumulation pattern 7. NEW Partnerships 8. NEW Use-case (about which we have not thought of or know of yet) 9. Ripple Labs indirect connection Minimum TRON EOY prediction is $0.50 Maximum TRON EOY prediction is $99 Enjoy this trade advice 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.
BINANCE:TRXUSDLong
by CryptoManiac101
30
Lower High rejection on 1W Channel Down. Pending support test.TRON rose after completing the 1D H&S pattern but was emphatically rejected at 0.02600 making a Lower High on the 1W Channel Down (RSI = 44.311, MACD = -0.005, Highs/Lows = -0.0042, B/BP = -0.0130). This indicates that the selling pressure is strong and after every dip, buyers rush to take their profit earlier each time. At the same time they feel comfortable buying above the 0.01600 Support and that is the fundamental reason for which it needs to be broken. We remain short on TRXUSD with TP = 0.01410 (December 16, 2017 low).
BITFINEX:TRXUSDShort
by InvestingScope
5
H&S completed. Important support test.TRXUSD has just completed a Head and Shoulders pattern on 1D (RSI = 41.814, MACD = 0, Highs/Lows = 0), and last week's consolidation should be over as the right shoulder extension has reached the Lower High Resistance (bold blue line). Even if that doesn't hold, TRON will remain bearish within the 1W Channel Down (RSI = 43.506, STOCH = 17.723, Williams = -91.877), so we will remain short with our TP = 0.01410 (December 16, 2017 low) intact.
BITFINEX:TRXUSDShort
by InvestingScope
3
TRX god bless america! soar high.this could be the end of the the C corrective wave with a nice double bottom. we could MAYBE pump up and get rejected at the trend line come back down and try a triple bottom. but this is playing out nicely. TRX has soooo much potential and has been labeled the ETH killer. remember this coin was created SEPTEMBER 2017! this coin has only had its first impulsive wave and first corrective wave. expect this one to be ONE OF THE TOP gainers in the next rally. this thing is ready to soar.
BINANCE:TRXUSDLong
by UnknownUnicorn2319099
Tron (TRX) Expect a small rally when we touch 300. Ideal short.Tron has been doing relatively well compared to its competitor, Ethereum, but due to the correlation cryptocurrency markets have, Tron will likely also break the support zone and hit an all time low since the altcoin rally. Currently we have been getting bullish divergences so expect a rally once we touch below 300 satoshis. Short the top of the rally and expect a 30% return on investment in the coming months. This is assuming Bitcoin drops below 6000 which will likely occur. It is very obvious right now the start of capitulation is beginning with coins such as Ethereum warning us. If Bitcoin drops below 6000 for good and enters a true bear market, it is easy to predict coins like Tron will suffer greatly. Therefore, we may short Tron. Short area: 300 satoshis Take profit: 224 satoshi level. Thanks for viewing! I have been updated Tron for a long time and felt I should make an update. I believe Tron is a very good coin to buy and hold, and if Justin is smart, he will already have accumulated a ton of cash. Unfortunately I am unable to see the balance sheets so all this is speculation. However, the size of the company BitTorrent (employees) suggests it is worth over 100 million. Justin is also buying the cash/liquid assets of the company as well.
Long
by HD1184K
9