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.
Trxbtclong
TRX drops to 500 satoshis. Is it the time?TRX has slipped down to test 0.00000500 BTC mark.
Currently, the market has been forced into a J-curve and it will likely take time for big investors to accumulate their positions now. When that happens we should see the price to start sloping upwards again.
It is hard to say if TRX has bottomed out yet.
If the price closes above that downward supportive trend line then it is not a bad position to start buying again.
Volume has also increased and RSI is in overbought territory and coming out.
Whenever we see the new All Time Highs then the current one will look like a small peak on the chart.