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TRX/BTC TA Update (Early Sign of Bulls?)TRX/BTC TRX is holding a critical support area or the golden Fib level. This key support between 183 - 177 sats are the most level to defend by the Bulls to keep things alive. The price is still respecting this downward bullish pattern which typically breaks to the upside. An early sign of bear weakness is unable to bring the price to lower low since the minor pump happened last Dec 22. If you're going to play a Long position, you can place your stop-loss below wick at 175 sats area.
Long
by PolarHusk
TRON - Broke out of 2-Year Wedge, Bullish momentum comingLooking at Tron's daily chart, we can see that it has completed a 2-year descending wedge. So the overhead resistance which had prevented the price from moving higher is no longer there. I also like that the daily MACD is right at the zero-line. A break above this level is bull territory. The bullish signs are there. However, I'm not moving in just yet. I will be waiting for one of two things before buying: 1) Bitcoin to hit bottom - This usually gives the alts permission to move again. The alts are not dropping like they once did against Bitcoin, which suggests their bottom is close. However, even if TRX/BTC doesn't move at all on its Bitcoin chart, its USD chart will lose value. Waiting for BTC to bottom could allow you to buy TRX at a discount. 2) Buyer volume moves in and pushes the price up with force - We had a breakout of the wedge, but the price hasn't moved yet. We're lacking volume. I think once the volume comes, it will come with some force. Keep Tron on your radar for good entry points. Getting in early as the alt season begins could be very lucrative.
by jpbrown1023
6
Tron Possible Scenario 6/1/2019There isn't a lot of long term background data on tron so producing a long term chart may be a little inaccurate to say the least. During trons present run, it should run up to approximately 700 sats and then retrace back down to the lower trend line. The next major bull run isn't projected to happen until approximately November of 2020. At that time, it is possible to see some massive gains, but I don't believe it will happen until that point. Anything major can change the scenario on this one given the lack of long term data.
by Xandolf
Tron (TRXBTC) Will be a good buy and hold once it comes down.Check out my previous Tron ideas. Up over 50% currently. While it does look bullish, don't buy until it retraces back into the buy zone. This could take a couple of months. The main ideas are on the chart. Looking at the Tron community, they seem like fanatics, just like the XRP community. That is good for the coin, since they are likely to hold and create more demand. When the next bull run arrives, this coin will perform well. Thanks for viewing! Buy a million Tron and hold them. Treat it as a long term investment. Be prepared for it to go to zero, but I doubt that will happen. Now is the time to be buying some of these altcoins. Many are below their ICO price. If there is a good one, buy some and forget about it. The winner will likely negate the losses of the coins that go to zero.
Long
by HD1184K
3