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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 (TRX) If we can hold the current level, good time to buy.This is a high risk trade and extremely reliant on the price of Bitcoin, but Tron has currently bounced from its support level of 870. I believe with the mainnet launch coming up in 8 days, we will have many buyers waiting on the sidelines to get in. How to trade: If the current 4 hour candle and the next 4 hour candle is green, there is a good chance for a reversal, especially if bitcoin can hold its current price. Buy in: 899 level Sell targets: 980-1081 satoshi range 1200 satoshi level 1400 satoshi level Stop loss (Highly recommended) My recommendation would be 870, but watching the charts yourself would be most ideal. This is a pretty risky trade even for me. The stop loss is highly recommended if you do not have the time to watch the charts for the next 24 hours. Thanks for reading! Please leave your criticisms in the comments. I'd like to hear your thoughts.
Long
by HD1184K
4
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
TRON (TRX) QUICK UPDATE - MUCH TO WATCH FOR IN COMING HOURSThis is a very important zone for TRON as we approach a week long resistance in form or a triangular pattern. I would say that we will break this area easily since I believe in TRON, however I would not put my money on it without a tight tight Stop Loss. I will update this chart as new info comes out or becomes visible. Make sure you're following me to receive latest update. Be safe. 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.
BITFINEX:TRXUSDLong
by CryptoManiac101
6
Tron is another leader for todayTron is another leader for today as it adds about seven percent for the past 24 hours. The currency pair started from the support area at $0.063 yesterday and managed to cross the resistance area at $0.068 and the Ichimoku cloud. Tron price has almost reached the next resistance area at $0.074, but bulls were unable to drive TRON/USD there and retreated. Tron is currently testing the support area at $0.063 and the higher border of the Ichimoku cloud with is close to the current levels. The possible scenarios for the currency pair are the following: 1. TRON/USD will jump off this support area at $0.068 and go towards the next resistance area at $0.074. There everything will depend on the results of testing. 2. The currency pair will break through the support line here and start to decline towards the next support area at $0.063. However, bears will have to cross the Ichimoku cloud in order to reach their targets. 3. Tron will stay close to the current levels without significant changes and with low volatility. As for the daily chart, Tron fluctuates inside a horizontal channel, formed by two levels- $0.070 as resistance and $0.055 as a support area. Tron price is not far from the Ichimoku cloud and is likely to meet it in a couple of weeks or even earlier. Check the full crypto analysis HERE
BITFINEX:TRXUSD
by CryptoComes
Tron would probably resume its uptrend againTechnical analysis: TRON/DOLLAR s in a range bound and resumption of uptrend is expected. The price is below the 21-Day WEMA which acts as a dynamic resistance. The RSI is at 44. Trading suggestion: The price is in a range bound but we forecast the uptrend would resume. There is a possibility of temporary retracement to suggested support zone (0.0562 to 0.0516). if so, traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets. Beginning of entry zone (0.0562) Ending of entry zone (0.0516) Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" , in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons: Take Profits: TP1= @ 0.0642 TP2= @ 0.0780 TP3= @ 0.1005 TP4= Free
BITFINEX:TRXUSDLong
by ForecastCity
6
Will Tron fall back into the trend channel?Tron (TRX) has left the neural trend channel to the top and rose to a new high at 0.102$ - a gain of 136% in only 13 days. the fib retracement 23.6% (78.6% of down fib retrace) stopped the rush and is actually the resistance-line. Perhaps Tron will do the correction as other coins do aswell? In this case it could fall back into the trend channel and lose the whole benefits of the past days. To stop the fall Tron would have to break the resistance at 0,08$ and the upper limit of the negative trend channel. Another support level is the swing trend line at 0,069$. I think it´ll fall at least on this support. The indicators are becoming negative. The sentiment of the market is negative. So, if I were invested I would take some profits now.
BINANCE:TRXUSDShort
by Luettis