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Tronbtc

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
#TRX Short term should go down :)We are at the top of the triangle and i therfore expect trx to take a small retrace frome here. Its for me all about the risk, so i like to trade safe :) Do what you want, but i see some good possibility of accumulation here! My charts tells what i belive! -My mission is to help as many as possible to take better choises with their money and trades. Gladly join the (new) Discord Community CryptoNo Vikings \ news, charts and basic TA ( More to come ) for those who wish to learn that, you are welcome. :) discord.gg
Short
by Porshy
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) Called the last two trades perfectly. What now?TRX is definitely going way higher, but a retracement soon looks likely. I believe this retracement will happen at the 980-1000 range, indicated by the yellow box. This idea is an extreme short-term play, so be warned. (Also, the price of TRX is currently at 966, and it is 100% CERTAIN we reach the 980 mark based on the 15-30 minute timeframes.) Why? Because unless the TRX bulls push extremely hard, or the founder releases the tweet that is expected to come tomorrow, we will undoubtedly get a bearish divergence on the 1 hour, which has been accurate on calling all previous Tron retracements. This is for the extreme short term. But for the short-mid term, we are looking very bullish. How to trade: Sell at the 980-1000+ range, and be ready to buy back in if we do not correct (go down). This is because Tron is extremely unpredictable and in most cases, we just hover below the resistance line before we break through. Perhaps sell and have a buy limit order at 1003 satoshis. **IF** Tron does correct, the 900-923 satoshi range is not a bad place to get in. If not, we are probably going to see the same situation happen where it just goes straight up. I will post my previous sell targets here: 1000-1081 satoshis 1200 satoshi level 1400 satoshi level (unlikely, but who knows) Thanks for viewing! Please leave all criticisms in the comments below. I'd like to hear your thoughts. Also, what do you think about Tron as a whole? Do you see it as trading pair for you to earn some money, or do you truly believe in the project and hold it for the long term? I just know Justin is a smart guy, and he can probably take TRX far in the short term.
Long
by HD1184K
5
What Will Tron (TRX) Leading Up To The Mainnet Launch As we know Tron is at the end of the month 31st of May. What can we expect in the next few days? Well, we use Elliot waves and some Fib lines to try and find the path the Tron could likely take in the next few days leading up to the mainnet launch. Let me know your thoughts, if you agree with me hit the like button if you think that I am off the mark please comment down before and let me know where I have gone wrong
Long
by EugeneWoodMyLife
Tron, the middleman who eliminates middlemenCoin of the day is Tron. Tron is a blockchain-based decentralized platform, seeking to build a free, content entertainment ecosystem. The system being built will use distributed storage technology, which will allow cost-effective sharing of digital content. The project was founded by the Tron Foundation, a Singapore-based non-profit, back in 2017. Tron uses features of both the blockchain and peer-to-peer (P2P) network technology to bridge the gap between consumers and content creators by eliminating the middleman. Services such as Youtube make hosting a media project an extremely difficult and costly process. Tron’s technology aims to remove the middle parties such as the Apple and Amazon stores gives creators the ability to control who gets access to their content and how much to charge without the additional fees the stores charge. The Tron network uses its own ER20 cryptocurrency altcoin named Tronix (TRX). The TRX altcoin can be used by content consumers to pay for the content they want to view. The TRX altcoins earned will be deposited into the content producer’s wallet. Tron is famous for its CEO Justin Sun, a famous young Chinese businessman, often said to be the “Jack Ma” protege, who is the founder of Alibaba. Justin Sun is the founder of Peiwo APP, which is China’s version of SnapChat that currently has 10 million active users. Tron founder also was the chief representative of Ripple (XRP) China. The most recent achievement of Justin Sun was the youngest graduate of Hupan University, which was founded by Jack Ma. Tron is backed by notable members of the Chinese business community such as Hitters Xu (founder of Nebulas), Tang Binsen (founder of mobile game Clash of Kings), Xue Manzi (famous Chinese angel investor), Chaoyong Wang (founder of China Equity Group with $2 billion market value), Dai Wei (CEO of OFO bike), Huobi.com, and many more. While TRON will support all kinds of virtual currencies, TRX will be the official one. With this, all other currencies will have to be converted through TRX. TRX currently has a circulating supply of 65,748,111,645 TRX and a total supply of 100,000,000,000 TRX. On December 18th, 2017, Sun announced the TRON Foundation has locked up $34.2 billion tokens until January of 2020. Speculators often believe that the lockup of tokens will increase the value of tokens. Technicals Since 2018.03 TRXBTC was showing an uptrend movement, peaked at 2018.04.30 at the 0.00001 level went into a retracement but turned around on the 0.000007 mark. The overall pattern came to the point where the price could break the long-term Bearish Trend Line, from the 2018.01.04 peak at 0.00002 level; and add one more factor into a bullish view of the price chart. Nearest supportive level for the bullish scenario would be 0.000009 and Bullish Trend Line, slightly below. A breakthrough above the 0.00001 resistance will be a bullish signal for the pair. Return to the 0.000007 level would change the picture from bullish to a long-term recession.
Long
by DestinationMoonCrypto
7