Chart of the Day: TRON (TRX)

in #tron2 years ago

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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.

TRXUSD - Primary Analysis - Sep-03 0838 AM (1 day).png

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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. - Best Crypto Trading Bot

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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.

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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

I'm waiting for $0.01, too.


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.
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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it's perfect example of FLAG PATTERN,in flag pattern flag should slop against the trend like in this chart. if price is in downtrend is make rising flag or if price is in uptrend is make downward slope flag and after few days of consolidation its resume its original trend. @stockmarketinfo

realy it is so interesting

Many expectations with Tron. But on every new occasion it falls down and down.

Sir can You say me if bit coin is safe or not. or which crypto currency will be a good choice

Beautiful crypto I like this post I appreciate your valuable post thanks for sharing this post

I'm so desparate to say this. I've encountered one problem in using tron about installing. It's hard and long to explain it here. I'm just so sad that it happened to me. I asked for help from other people but it didn't work. Now, I'm hopeless.

what you think price of TRX in next 1 year????

I dont' do time, just price. Sorry no prediction. The market can choose its velocity.

Ive been considering buying some

I still don't really know what TronX is. Everyone I speak to about it seems to have an arbitrary understanding that I have not been able to yet..

I hope it will grow in the next few months!

It will crash in next few months

Nice analysis and post. However, I prefer BTC because of volume and more predictable behavior. Maybe you can post about BTC next time? I would love to read it.

I have recently. Because I have paid subscribers, I give them all the details and only revisit charts slowly for the free public. That's only fair for those that choose to pay my monthly. Actually I go down to the 15m of Bitcoin and Ethereum for my subscribers. But you can catch last week's review on Bitcoin. I'll cover it in a future 'chart of the day' after I slowly run through other charts.

What is Elliot Wave Trader??

It's a site where subscribers interact and learn from analysts and professional traders. I run the cryptocurency 'room'. You can see the link above.

For me, the TRX Token is great to rrade and take profits!

I've invested on TRON and always believe on it!

tron will go up very soon guys

Please, Tron...................

thanks for sharing.

Block chain business isn't for the weak minds o
Thanks for the updates...

that tron kills me. Wish never meet with it.

Today Tron is getting into the 50% line in RSI marker, so we have to wait before taking a position into the market. Now is inthe 13th place into the coinmarketcap list, so it can give a good surprise.

Need to wait until we hit that lower box unless resistance is taken out.

your post very good please give me upvote

He escuchado poco TRON es bueno saber noticias!!

Tronix is gonna be at the top five of the cryptocurrencies some day

Tron Surpasses EOS in Number of Accounts in Just 71 Days Since MainNet Launch
big news for tron Holders

Congratulations @wildtrader!
Your post was mentioned in the Steemit Hit Parade in the following category:

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Tron is a very good project. If anybody holds this he will more benefit. Thanks for this analysis.

What the meaning

Dogecoin looks like the place to be. Happy I am earning some for Free

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Obvious question perhaps but how can you earn Doge for free, please?

We have seen few couple of tweet everyday from Justin sun about the development of Tron. I also feel, there is a gap in coordination with Torrent since thay acquired that. Regardless all I personally feel the Tron would be among the top coins in the future and would definitely give you around 10X within a year.
My suggestion: keep hold Tron at least Sep 2019.

very informative and engaging you have here

tôi tin tưởng vào tiềm năng của TRON

tron trx i think is a good idea

Thank for share!

Tron is cool, i'm not going to buy though

i'm holding tron from when year get started and hoping that in coming month i'll make good bucks from it!

Fantastic work with this one. Nice review and continue the nice work! Glad to peer you posting again. Thank you for the updates.

not too bullish on TRON

Bitcoin seems to be stable as of now. Probably waiting for a major liftoff. Better be ready than never!

Great post. Thanks for sharing.

God bless TRX !

Nice, beautiful and informative. Keep sharing, great work!

Good levels to buy. I'would like to wait for first impulse up.

Nice, beautiful and informative. Keep sharing, great work!

Congratulation for your beautiful post

Uncomplicated article. I learned a lot of new things. I signed up and voted. I will be glad to mutual subscription))))