Pullback in #TRON is healthy! Wait for the channel retestGUYS what a rally in the crypto markets as a whole. For those of you who have been trading crypto for a while these pull backs are "normal" and "healthy". They create trading opportunities that would make the most active daytraders water from their mouths. Volatility is good if you can stay on the right side of the trade! What i am seeing now is #TRON taking a small breather after the lastest aggressive rally. I am waiting for a retest of the newly formed channel (blue lines). The stochastic have rolled over (see the red simples) but we are still waiting for MACD to come around to show us our buying signal. #HOLDTIGHT #BUYSOON #TRON
TRXETH trade ideas
TRX Delivering SmilesLet's review TRX for 1.18.18... The US East Coast woke up to the completion of a 5 step elliott wave at 7:15 this morning. Within 4 hours, the Elliot ABC retracement had run its course and set us up nicely with a cypher pattern that meets all necessary criteria... ie the A leg hitting the 618 fib ret and the B leg hitting the 127 fib ext... TRX is now on it's way upward to the .0001ETH mark but it will take a few pitstops at the blue dotted resistances that coincide with previous structure, as well as fib ret and fib ext numbers. These pitstops will be at the .000087ETH, .00009ETH and finally .000094 prior to reaching it's goal of .0001, which is the end of this cypher, landing on the 786 fib ext line. We should see this into the evening hours and by the time our friends in Asia are waking up and recognizing a beautifully played out uptrend to build off of.
*This is in no way financial/investment advice. This is intended for educational purposes only.*
TRX/ETH analysis for last 3 months...on upward momentum Floor was 0.00000363, established back in Nov/Dec 2017.
Highest peak was at 0.00031 until its recent price correction down to 0.000052, this is consistent with previous support lines from Dec 16-28 before the spike.
TRX likely appears to be rebounding up to 0.00007805. Next target will be at 0.000161 then 0.000198. 0.000251 will be last resistance before the new breakout above the last peak of 0.000318.
TRX not completely confident yet but a good startI think TRX will probably begin it's upwards rally. There will be a spot where FOMO kicks in, and that is not predictable from my side at least. Place to buy and sell is the first fib line, then second fib is another great spot to take profit. But that said I believe keeping long term shares in TRX is potentially a good thing.
Thanks
A summary perspective for TRXDisclaimer: I am not giving financial advise, nor telling you how to spend your money/Crypto Currency. Any market that revolves trading assets or any securities can be very Risky. I only speak my mind on what I think it will do, even then that doesn't gurantee results.
Ethereum made some news highs this week making it receive majority of the attention in the crypto sector. TRX is built for high-standers with a huge bet in their technology and what it is intended to be used for. Below you will see numerous talking points for the overall description for the objectives of Tron(TRX):.
1. Exodus
Data Liberation
A mechanism of upload, storage, and distribution which is based on peer-to-peer and distributed contents.
In the Exodus phase, on the basis of the distributed storage technology, TRON will provide users with a completely free and reliable platform for data publication, storage and dissemination.
2. Odyssey
Content Empowerment
Economic incentives, empowerment, content ecology and block chain technology will create a fully competitive economic mechanism with fair returns for content creation, distribution and dissemination. Therefore, individuals can be encouraged and contents can be empowered, thus constantly expanding the boundary of the system.
3. Great Voyage
Personal ICO
Based on the advantage of block chain, TRON solves three major issues: income measurement, dividend payment and management of supporters, and achieves significant transformation from the "fan economy" to the "fan finance".
4. Apollo
Free Movement of Value—De-centralized Token Trading Exclusively for Individuals
To reach the goal that each content producer in the TRON system can issue their own tokens, the system must have a complete solution for de-centralized tradings. Through the establishment of the de-centralized trading platform, the value, property rights and risks of the system can be freely traded and exchanged, thus increasing the economic vitality of the whole system in geometric multiples.
5. Star Trek
Traffic Monetizing—Gaming of De-centralization and Market Forecast
The size of the global gaming market in 2014 exceeded $450 billion. Traffic brought by the TRON content platform makes it possible to build an online gaming platform for de-centralization. Developers can freely build online gaming platforms through TRON, providing fully autonomous gamings and predicting market functions.
6. Eternity
Traffic Conversion—De-centralized Game
In 2016, the global video game market amounted to $ 9.66 billion, of which the scale of the phone game market was $ 4.61 billion, accounting for 42%. TRON provides the possibility for establishing an on-line game platform. Developers can freely set up game platforms through TRON, achieve crowd-funding for game development, and make it possible for common investors to invest in games.
Their has been alot of information based on Justin Suns (Founder) tweets hyping up TRX. A few examples are:
Opening office in San-Fransisco (twitter.com)
Making major partnerships ( Obike, Peiwo, game.com, Bao-Fang )
Getting former Alibaba employee into the development team ( More info : themerkle.com)
Analysis:
It seems as though Tron is filled with a good team. Technology in the asian sector has grown more and more over the years (www2.deloitte.com). Due to this point in time Justin Sun attmepting to connect multiple Nations from Asia, and California to create and promote more growth into ALL of this growth hes promoting for SEPERATE projectects into Tron. By Justin Sun making an agreement with Game.com and peiwo. It can potentially grow the project side for Star Trek Project considering that the Star Trek project is used to promote Online Gaming within the the Tron Content
TRX/ETHTron hitting some lows against eth. I made the swap today after taking gains on eth from 740 to 1,410 since eth has been feeling toppy to me and i suspect a double top here before a large retracement. I plan to hold until we see what the bounce is like from this trend line and if we can see some of the same volume we had the past week. I feel pretty good about this entry point on the pair but full disclosure i do plan to switch this portion of my investment back to eth during it's retracement.
TRX has no where to go?TRX has no where to go. It can just go to zero right?
Currently lowest low (in a long time) has occurred, the retracement of the what can potentially be the trend reversal has only been a retracement so far. If the "retracement" holds and we start seeing higher lows this might just be what everyone is saying, TRX is finally going up, but hey who knows :)
Just my opinion.
#TRON breaking out - Watch MACD for final signal for rally#TRON took a tumble this morning followed by a rapid rise higher. It appears #TRON has broken out of a downward channel, found a bottom, and is now looking to move higher. We had some positive news from South Korean reversing their decision of Crypto which is also helping the market as a whole. I also anticipating some news from #TRON management regarding the upcoming partnerships this week. Look for #TRON to continue it's move higher and depending on the partner we could be looking back on this dip as the last ultra cheap buying window #Bullish #BuyBuyBuy