TRX is currently in a falling wedge and my prediction is that it will follow the incoming BTC dip down to the 500's. Also forming into a Wedge on the longer timeframe but I believe it will breakout before ever testing that bottom trendline.
What i lay out above is where i believe trx is going in the short term.
Another possibility here is we could bounce off of the 61.8% to complete the C wave. Target 1 will be 23.6 Extension if that plays out
Ichimoku Cloud is starting to thin out and show early signs of a TRX reversal. If the chart proves to be true, we could see a strong upward break on Monday & Tuesday (US). This also coincides with some fundamental announcements next week, especially the release of Tron-Dogs (Monday). What do you think?
We might soon expect trx prices to rise slowly. Its been a long downtrend and now the trend might have switched. If Tron breaks the 0.61 Fib retracement line, we might expect it to drop all as low as 0.00005 ETH price, which would be an alternative buying price. What are your thoughts, which lines are going to be respected?
Here it is whats going to happen to TRXBTC. I was actually about right in my previous TA about this coin and now I can say that this pattern is about to repeat itself. It's the 5th Elliot wave and inside of it there's going to be ups and downs just like the 3rd wave. The pennant broke yesterday and it has already began spiking. As theory goes, as I said in the...
cloud thinning and long term trend support. I am not suggesting a retracment to an all time high, but rather im expecting to see an Elliot triangle wave to form which is not detailed here. I will be doing further analysis tomorrow which will include this trend.
Following my previous chart which showed Tron's potential, I am now taking a closer look of how the chart should make it's way up in a conservative manner. However I must point out that there is nothing conservative about TRX. When it pumps it pumps hard and when it dumps it dumps harder. The chart depicts an upward trend following the long-awaited bullish...
TRON Fundamental : -New Chinese startup driven by enthusiast Justin Sun ( Forbes asia under 30 ) -Partnership with Baofeng group. Baofeng, aka Chinese @netflix, boasts more than 200 million users as a video portal giant and has achieved 8 billion CNY listing in Shenzhen stock exchange -TRON Union Core Member Peiwo APP Won China’s National High-tech Enterprise,...
Tron has jumped today. But not over yet. I think that last jump is going to come in 12 hours. I could see that there is a support around 720 satoshi.
After that massive Elliott Wave (1-2-3-4-5), I have shown the levels of support and resistance on the down-trend. It has now broken through this level of resistance and the cloud on the 1-hour. I would expect it to start another impulse wave from here...
It seems on the graph that people start loosing faith on the project since 10th of January with a significant decrease of money inflow. Tron did pass this step in the past and might recover from that in the following months but again I will watch closely the money inflow for TRX and see if a significant sign of reversal can happen. When you work on chart, you...
TRXBTC has floored and seems ready to resume its move back up to form a Cup & Handle: - price has barely budged in regards to the BTC crash. - RSI is at an all time low ; indicating that we're deeply oversold. - A series of hammer have formed on the 4hr ; indicating that the downtrend is slowing down - RVGI seems to be indicating that we're at the start...
TRX should break the triangle soon. If it breaks upwards we might be able to get easy +100%. If it doesn't shoot up now and remains on the support there might be another exit on the way. I'd recommend buying now as long as the price ist that low. --- I do not take any responsibility for your trades. Anything is possible in crypto.
This is a simple analysis based on past trends of the price action of TRX. Notice the Dips in the past, I have highlighted three of them. This dips happen after a sharp rise of the price of coin. Common phenomenon in cryptocurrency world. These dips bring back the price to almost exactly the same level to when the price action starts to break a new ATH. I am...
Tron 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...