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TRXETH

TRON!!! Where Are The Supports? Whats Going On? WHAT DO I DO!?!?(The analysis is down below, Read for priors) Hey guys, I'm back with a better analysis of my favorite coin TRX/ETH and like everyone else, I was confused this morning waking up to TRX/ETH being up 33%. While I have nothing against TRX/ETH being up, WE have to understand why. First thing I do is check Twitter and there you have it Justin Sun, my main man, the legend, the one man army, tweets, "#TRON is listed on @BithumbOfficial @Bithumb_Korea Welcome trading #TRX in http://bithumb.com" But that's not all, there more. "TRX/KRW trading pair is now available in @UPbitExchange." This is the Creme-De-La-Creme. The Finger Licking Good News. He finally got a TRX/ETH to fiat trading pair on a PROMINENT Korean Exchange, UpBit! Now we're not talking some small money here because this is the real deal. How real? Well TRX/ETH is the third most traded coin as of writing this, 200m shy of taking down TETHER! Basically, he just added 500 MILLION dollars to the liquidity of TRX/ETH and placed it as a prominent coin. Not one that jumps up 60% and then gets hit by a 51% attack on its mining. (Ya its a rip, take it as it is). But let's get into the meat. After all, we are traders here and not blind to the market. So let's look at the technicals. (I mainly use Japanese Candlestick Charting with Western Technicals) First off, right off the bat. We have a VERY STRONG Resistance at the .000012xxx/ETH exchange rate. The first time we tried taking it down we developed an Evening Star Pattern on the candlesticks and immediately after we also developed a Bearish Engulfing Pattern on the candlesticks which were not good signals and they subsequently became a SELL indication. It brought us down to around .00008xxx, where we got a clear Hammer, a buy signal, and created a support which was confirmed last night with the Morning Star Pattern. Together, these patterns confirmed a short-term support around the .382 Fibonacci Retracement. Cut and Dry these are simple techniques that I use to see where the resistances and supports lie. So this is what happened, Now let's try to look at whats going to happen. So there are a few scenarios. First off, the volume is shrinking, meaning we are losing buying pressure since the pump and we may see a sell-off in the near future. While writing this there also seems to be a confirmation of the Evening Star Pattern, a sell signal, the pattern being a Green bar followed by a bar (could be buying or selling) that doesn't close at the top of the real body followed by a Red bar that closes into the previous Green body. There's also a highish RSI. Generally, this indicates a reversal, so watch out. But, where will we reverse too? The answer is we wait for the confirmations. If we see a pattern and it confirms then we can buy and sell based on these patterns. TRX/ETH has its supports, which are indicated on the chart, so you have to watch for those to be key indicators for major movement. My best guess would be that if we drop down, we will probably see the bottom of the uptrend channel at around .00084xxx. and if we are able to hold great but if not then we will have lower lows. Personally, I would rather go sideways and maintain our exchange rates than risk dropping up and down too quickly, creating more unnecessary volatility. In addition, if you're a hodler that's fine by me. I honestly don't think you'll lose out by holding until May 31 and this is just a short-term analysis. Hold and you'll be fine too. See you later, and if you liked my analysis give it a Thumbs Up. It's Much appreciated. Comment below! THANK YOU!
Long
by RandomGuyTalkin
4
TRX correcting, then back to business after successful Test Net!We saw a pretty classic 1-5 Elliot Wave pattern at the breakout point. Followed by a possible ABC correction. The 4 hour MacD doesn't look ready to yet for a big buy pattern, but the one hour chart is getting close to that point. I don't think we'll see the C wave extend much further, but we could see some sideways action for a bit, as lots of people are selling for profits from the big climb. After the C wave is in, we'll hopefully start another impulse. But let's see what happens in the next day or so. Some important information on Test Net launch if anyone missed it: Test Net launch was a success, and is live. Realistically, this shouldn't impact the price much, as some people expected. Although, it is a great indicator for TRX that they now have an actual product, that was delivered exactly when they said it would be. Building trust from the growing TRX team is huge, and Justin has showed that he takes deadlines very seriously. This has me even more bullish about Tron for the long-term. As the platform expands, and there are actual use cases for it, we should see steady growth.
Long
by Pburke2323
TRX/ETH Room to Run.Looking at TRX growth over the last few days we see that there was a substantial increase in overall volumes being traded on the chart. Looks a bit sketchy and artificial. Looking for TRX to continue to show movement to the upside on 14 day moving average. Seems to want to continue its uptrend as of current. This may not be the best time to enter a trade long. I'd hold off to see if its going to find support in it second trend line before making a move up for a top squeeze. We'll have to wait an see.
T
by HustleEconomics
TRXBTC : expecting bull run I have been asked to do a TRON Technical Analysis. IMO its the right time to accumulate some TRX might go down as low as 400 SATS. The lines green and yellow lines are TREND LINE support and resistance plus i combined FIBONACCI levels for the people who prefer fib levels for Support and Resistance. 1. RSI is at 38 and moving up. 2. Ichimoku Cloud is bullish 3. Volume picking up 4. Big news coming soon 5. expecting 10-15% in coming few days 6. TK crossover bullish Please hit "LIKE" to support! Thanks Basics of ICHIMOKU Trading system : There are five calculations used to generate the Ichimoku Cloud: Tenkan-sen = (9-day high + 9-day low) / 2 Kijun-sen = (26-day high + 26-day low) / 2 Senkou Span A = (Tenkan-sen + Kijun-sen) / 2 Senkou Span B = (52-day high + 52-day low) / 2 Chikou Span = Close plotted 26-days in the past. Read more: Ichimoku Cloud www.investopedia.com
by VinnyTheTrader1
4
Tron next moves as expected after previous awesome TATron is increasing as we saw it broke it's bearish trend line and here's we gonna get a soon. 1 confirmation when the pink line will pass through blue. 2nd another confirmation will be when the orange line will cross the light blue line. 3rd another confirmation can be when it will enter in ichimoku's cloud and will cross it then we can see a clear breakout of TRON . Almost everything is confirmed and still bullish . RSI , MACD , CCI confirming everything no need to say anything over that. Targets: 1st Target : 750sats 2nd Target : 1123sats 3rd Target : 1500sats No Stop Losses I will keep you updates on TRON . Even major impact will be on 31st March on test net release we will be seeing it to go on 2000 satoshi's Remember i am not your financial advisor so be careful with your own stuff only put that money which you can afford to lose. and there are no stop loss cause buy and HODL Maybe we can see an Elliot wave on same levels or on bigger levels nearby. And if you also wants to see Tron to go to 2000 satoshi's then hit like or agree and hold till the moon. Like = Preys for Tron now. And wait till 31st march of TestNet Launch. TRON is following exactly as we expected and told in previous TA. Follow for more awesome TA's
Long
by BitcoinBillionairesNews
9
What May Happen With Tron, Safe Long, Fundamentals There's something about TRXETH that makes me very excited about the near future but also skeptical. I'm just going to post various scenarios for the next couple days to weeks before the MainNet Launch. Many people have been looking for a meteoric rise for the weekend but in reality, many traders are looking for a quick flip this coming Saturday. I think that many people are blindly hoping that the price will rise 50-100% this weekend but at the same time are looking to sell their own share. A problem I find with this idea is that if you are thinking that, then many others are probably thinking the same as you and are looking to sell. Another thing that people might not understand is that THIS IS A TEST-NET . It can't be stressed enough that INSTITUTIONAL INVESTORS and the MARKET as a whole has not yet forgotten about December and the fall we all sustained because people called TRXETH Vaporware. Even though I don't believe this, I think it could take until we see May 31 for there to be a MASSIVE rise in price. It would also be in May that I assume the entire market will hopefully start picking up which would be very good for TRXETH as well. Because there may not be a meteoric rise, there could cause a short-term sell-off in TRXETH if market expectations are not reached. Other than that, however, if the market does go up 50% and then subsequently drops 25-30% I would consider that a very good outcome for our long-term view, namely May 31. Secondly, during the month of April and the beginning of May we may run sideways with no clear path, given that the hype will have subsided until people coming really looking at TRXETH for the May 31st SEPARATION (thank god) from ETH and a REAL launch of the crypto-currencies USE . Personally, I can't wait for May 31 because it will be the day I could look at the FUDsters and just give them a big FUCK YOU . But anyways, I think that non-substantial news of failures or bugs but also of successes and practicality issues will be expressed on TRX's BETA code which could lead to some wild ups and downs. Another Worst case scenario would be experts coming out and straight up saying the code is garbage. Another bad thing would be if there is obvious plagiarism in the code with NO CLEAR CITATION . I know how coding works and I know that hackers usually take code from the internet because it's useful to not re-write whats already been written. However, I'm sure that the TRXETH team is very aware of this and their previous mistakes and will do well to cite their work. Side note, I'm not great with charts but for a long time I feel like I'm seeing a big cup and handle forming but I think we may need to see more volume on the upside for that. Anyways, this has been your humble review of a great coin. Comment for a constructive conversation.
Long
by RandomGuyTalkin
1
Tron next moves as expected after previous awesome TATron is increasing as we saw it broke it's bearish trend line and here's we gonna get a soon. 1 confirmation when the pink line will pass through blue. 2nd another confirmation will be when the orange line will cross the light blue line. 3rd another confirmation can be when it will enter in ichimoku's cloud and will cross it then we can see a clear breakout of TRON. Almost everything is confirmed and still bullish . RSI , MACD , CCI confirming everything no need to say anything over that. Targets: 1st Target : 610sats 2nd Target : 750sats 3rd Target : 1123sats No Stop Losses I will keep you updates on TRON. Even major impact will be on 31st March on test net release we will be seeing it to go on 2000 satoshi's Remember i am not your financial advisor so be careful with your own stuff only put that money which you can afford to lose. and there are no stop loss cause buy and HODL Maybe we can see an Elliot wave on same levels or on bigger levels nearby. And if you also wants to see Tron to go to 2000 satoshi's then hit like or agree and hold till the moon. Like = Preys for Tron now. And wait till 31st march of TestNet Launch. TRON is following exactly as we expected and told in previous TA. Follow for more awesome TA's
Long
by BitcoinBillionairesNews
14
TRX having a nice week, possible large wave 3 for Test Net?TRX did what was expected after the LONG consolidation, and experienced a decent breakout right near the apex of the triangle. Since that time, we've seen a fairly normal looking five point elliot wave pattern forming. If waves 1-3 are correct, we could see a very mild 4th wave, followed by another uptrend for wave 5. I also think there's a possibility that on a larger scale, the current 1-3 waves listed have a chance of actually just being a larger wave 1. This would correlate well with starting wave 3 just as Test Net is launched on the 31st, which could see some price action upward. It's hard to say at this point, and my general feeling is that Test Net won't have much of an impact, but reaching the 897 mark after a larger wave 3 shouldn't be out of the picture. Let's see what happens in the near future!
by Pburke2323
3
LONG Tron next moves after previous awesome TATron is increasing as we saw it broke it's bearish trend line and here's we gonna get a soon. 1 confirmation when the pink line will pass through blue. 2nd another confirmation will be when the orange line will cross the light blue line. 3rd another confirmation can be when it will enter in ichimoku's cloud and will cross it then we can see a clear breakout of TRON . Almost everything is confirmed and still bullish. RSI, MACD, CCI confirming everything no need to say anything over that. I will keep you updates on TRON. Even major impact will be on 31st March on test net release we will be seeing it to go on 2000 satoshi's Remember i am not your financial advisor so be careful with your own stuff only put that money which you can afford to lose. and there are no stop loss cause buy and HODL Maybe we can see an Elliot wave on same levels or on bigger levels nearby. And if you also wants to see Tron to go to 2000 satoshi's then hit like or agree and hold till the moon. Like = Preys for Tron now. And wait till 31st march of TestNet Launch.
Long
by BitcoinBillionairesNews
3