Chart of the Day: TRON (TRX)
It seems to me that Tron has a love an hate relationship with crypto fans. I've heard everything on Twitter from 'scam' to 'the next big thing'. I generally ignore such voices and look at price action through the glasses of RN Elliott.
In TRON we saw a very clean, albeit very extended five wave pattern into January, before the correction we find ourselves. So, far this correction has remained 'run of the mill', holding over the .618 retrace, the standard for wave 2. We have an incomplete pattern to the downside and so ideally see it hit the .618. I have 'confluence' in the .01 to .008 vicinity for the 5th of C as shown.
While I cannot guarantee we do bottom there, 5 waves to .04 after hitting that regions gives a good chance the large wave three has started.
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Tron hasn't made me excited about anything, Justin Sun what's up? With Alibaba coming out with their own crypto, much speculation of Tron partnerships have gone silent.
Tron has been dissapointing for the last 8 month. it become worthless now.
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Tron certainly could see a but of a move up if the overall crypto market can catch a break on this downtrend its been in for months.
Look to see what happens in the next couple months!
-The ฿itcoin Profiteer
I think it's looking like the bear market is about to break. Bitcoin is looking like it has strong support, and I think it's going to be a good couple of months for crypto.
I must buy some...
Prepare to lose money
No way.
Seriously, unless you hold it for two years or more
GTFOH, Tron is the best performing crypto in my portfolio and always has been, if you think Tron is trash then all cryptos are trash
All crptos are trash now, but they'll be treasure after the cryptos bubble
Well bitcoin is starting to take off so the rest will follow.
Totally agree.
Posted using Partiko iOS
and just today bitcoin drop 12%, the rest take even more brunt.
I hope it will reach $ 0.1 USD Mark soon... I have brought 8K TRON... I am really worried about it ..
Let's see how it goes. God bless TRON
Prepare to see half the value of your tron vanish
I'm waiting for $0.01, too.
Same..
Yep same
same
The digital currency tron against the US dollar (TRX) (Tron) during mid-week trading failed to breach the resistance zone 0.02516 $ due to weakness of the bull's determination.
The digital currency you see is trading in a bullish direction under formation. This trend is weak due to instability. The resistance area is above $ 0.02516 on the 4 hour interval and the ADX indicator in a position does not support the current bullish trend.
The slow moving SMA and the SMA are neutral as a result of the lack of confirmation of the negative cross that occurred during yesterday's trading.
Momentum Relative Strength 14 Break the bullish trend line during the morning trading yesterday and we do not recommend buying currently due to the large weakness facing the currency encrypted and the possibility of breaking the trend line upward during the coming hours.
Outlook:
It is expected that, in the case of a digital currency break you see areas of $ 0.02763 may target levels of $ 0.03012.
On the other hand, a break of $ 0.02363 might target $ 0.02127.Thank you brother for your excellent analysis.
been holding tron since day! one of two bags Ive not sold off
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