An amateur's point of view at TRX. Where my TRON haters at?
Watch TRON closely as I believe whole-heartedly we are in a slow reversal, for numerous reasons:
1) Tron has held very strong during the dips of BTC recently.
2) On Binance, there has been multiple 10-20M buy orders in the recent week. The highest buy orders by volume that I have personally ever seen, since the first few weeks of January.
3) ***The chart shows what I like to call a 'sound-wave'. If you can imagine a sound analyzer(The market), it goes crazy and spikes when there is a lot of 'noise' (Volume). Yet it dramatically slows down when the 'noise' aka volume is 'quiet'. As of right now, the chart is showing Tron as basically sleeping. There is no 'noise' whatsoever. This coupled with the fact that BTC's volume is down leads me to believe we are going to see a lot of 'noise', very soon. Which way will it go?*** The calm before the storm..
4) The MACD shows what I believe to be an imminent breakout. A real one.
5) On the RSI, it is showing what I believe to be Bullish Divergence. Also showing lows getting higher in the short term.
6) The current price of Tron shows it is respecting the 380 sat support. Only a few times has it gotten that close, and each time we bounced HARD.
7) In the past 3 months, Tron has had a very respectable bounce on 3 different occasions around the 380-400 sat range each stopped by BTC falling like a rock. Had BTC not of fallen as hard as it did due to the 'Trustee', I believe TRON would of kept going on at least one of these 3 bounces.
8) There was a TON of FUD surrounding TRON in the past 2 months. This mainly revolved around the plagiarizing of their Whitepaper, which has since been updated. Also something to keep in mind, TRON is a Chinese based coin. I have personally researched this- Plagiarizing isn't a standard in the Chinese culture. It does however, happen quite frequently. This is just how some Chinese businesses work. Just because some of us TRON holders are American, doesn't mean TRON will follow the culture of the US. In China, it is not frowned upon to plagiarize someone elses work. In certain circumstances it is actually a major compliment. They stole my code so I must be doing something right, right?
9) TRON recently announced their main network release date has been significantly sped up, from Q3 to Q2 - two months early. The release of the TRON main-net beta is at the end of this month. The release of main net is May 31st. We will go from being an ERC20 token on the Ethereum network, to our own token in the TRON main net beta.
10) There are bull flags being painted EVERYWHERE in the market, especially in BTC.
I have many other reasons I can paste in the comments but I'm running out of space here. This analysis will be posted in /r/CryptoCurrency, and I expect to get slaughtered. I'm actually hoping for it. I want something to look back on a few months from now, when we experience a dip from our new all time high, to laugh at and make myself feel better.
There are no targets here as I am still learning, but I expect to see TRON near the 600-1k sat range in the coming month, possibly within 2 weeks.
I personally believe TRON will be one of the top performing coins in 2018. Why else would so many people spread so much FUD? Smart whales are accumulating for dirt cheap, while everyone is panic selling off the last of their bags driving the price down. Meanwhile still respecting the support zone that TRON started it's FIRST all time high at. If the main net beta goes as well as I hope, this will be the cheapest we ever see TRON at again, mark my words.
Buy the rumor, sell the news. This is not financial advice. DYOR as I am just a simple goldfish in an ocean of whales.
My goal is to be in the top 5% of TRON holders by end of 2018. Come 2019, I believe you will see why.
If anyone wants to see my amateur analysis again or has any questions/rebuttal, please feel free to reach out. I'm still new to this and would love to learn.
Good luck and happy trading!
1) Tron has held very strong during the dips of BTC recently.
2) On Binance, there has been multiple 10-20M buy orders in the recent week. The highest buy orders by volume that I have personally ever seen, since the first few weeks of January.
3) ***The chart shows what I like to call a 'sound-wave'. If you can imagine a sound analyzer(The market), it goes crazy and spikes when there is a lot of 'noise' (Volume). Yet it dramatically slows down when the 'noise' aka volume is 'quiet'. As of right now, the chart is showing Tron as basically sleeping. There is no 'noise' whatsoever. This coupled with the fact that BTC's volume is down leads me to believe we are going to see a lot of 'noise', very soon. Which way will it go?*** The calm before the storm..
4) The MACD shows what I believe to be an imminent breakout. A real one.
5) On the RSI, it is showing what I believe to be Bullish Divergence. Also showing lows getting higher in the short term.
6) The current price of Tron shows it is respecting the 380 sat support. Only a few times has it gotten that close, and each time we bounced HARD.
7) In the past 3 months, Tron has had a very respectable bounce on 3 different occasions around the 380-400 sat range each stopped by BTC falling like a rock. Had BTC not of fallen as hard as it did due to the 'Trustee', I believe TRON would of kept going on at least one of these 3 bounces.
8) There was a TON of FUD surrounding TRON in the past 2 months. This mainly revolved around the plagiarizing of their Whitepaper, which has since been updated. Also something to keep in mind, TRON is a Chinese based coin. I have personally researched this- Plagiarizing isn't a standard in the Chinese culture. It does however, happen quite frequently. This is just how some Chinese businesses work. Just because some of us TRON holders are American, doesn't mean TRON will follow the culture of the US. In China, it is not frowned upon to plagiarize someone elses work. In certain circumstances it is actually a major compliment. They stole my code so I must be doing something right, right?
9) TRON recently announced their main network release date has been significantly sped up, from Q3 to Q2 - two months early. The release of the TRON main-net beta is at the end of this month. The release of main net is May 31st. We will go from being an ERC20 token on the Ethereum network, to our own token in the TRON main net beta.
10) There are bull flags being painted EVERYWHERE in the market, especially in BTC.
I have many other reasons I can paste in the comments but I'm running out of space here. This analysis will be posted in /r/CryptoCurrency, and I expect to get slaughtered. I'm actually hoping for it. I want something to look back on a few months from now, when we experience a dip from our new all time high, to laugh at and make myself feel better.
There are no targets here as I am still learning, but I expect to see TRON near the 600-1k sat range in the coming month, possibly within 2 weeks.
I personally believe TRON will be one of the top performing coins in 2018. Why else would so many people spread so much FUD? Smart whales are accumulating for dirt cheap, while everyone is panic selling off the last of their bags driving the price down. Meanwhile still respecting the support zone that TRON started it's FIRST all time high at. If the main net beta goes as well as I hope, this will be the cheapest we ever see TRON at again, mark my words.
Buy the rumor, sell the news. This is not financial advice. DYOR as I am just a simple goldfish in an ocean of whales.
My goal is to be in the top 5% of TRON holders by end of 2018. Come 2019, I believe you will see why.
If anyone wants to see my amateur analysis again or has any questions/rebuttal, please feel free to reach out. I'm still new to this and would love to learn.
Good luck and happy trading!
Komen:
This week will be big for TRX. It completed the wave without a hitch. My suspicion is a breakout between 330 and 350 sats.
Komen:
