From Jan 2-5, TRX went from $0.006 to $0.28 during an explosive upward rise.
This has been followed by the predicted downward price correction before the next big run. My prediction is that the price will find its new support line located at $0.15 (near 0.618 Fibonacci line) on Jan 7th.
New support has been formed at $0.15 (0.00015 TRX/ETH ) to be ready for the next rebound up!
This is setting nicely up for the next new growth peak, predicted at 1.618 Fibonacci scale of $0.36 (0.00036960).
Before Reaching $0.36, next resistance line may reform at $0.28 (0.000282, the last peak from Jan 5) before breaking through to $0.36 (at 1.618 Fibonacci line).
For me, Tron has solid investment and talent to back it up. Now it is top 10 currency. I am very with long term investment. Plan is to follow the ride using Fibonacci to predict the market.
Pick up more tron at 0.00015 then,
25% sell at 0.00028 ( TRX/ETH ) or $0.28. Then buy back in at 0.000197 ( TRX/ETH ) or $0.19.
25% sell at 0.00036 ( TRX/ETH ) or $0.36. Then buy back in at 0.00023 ( TRX/ETH ), or $0.23.
Keep 50% of holdings at all time for long term investment, or at least until it hits $10.
I welcome constructive comments. Thank you for reading and happy trading! =)
If you like my analysis,
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25% sell at 0.00028 ( TRX/ETH -4.28% ) or $0.28. Then buy back in at 0.000197 ( TRX/ETH -4.28% ) or $0.19.
25% sell at 0.00036 ( TRX/ETH -4.28% ) or $0.36. Then buy back in at 0.00023 ( TRX/ETH -4.28% ), or $0.23.
Those numbers don't work. I'd need to figure out the ETH numbers to sell at that equals $.28 cents and $.36 cents.
Unless I missed something? Sorry not the greatest at the satoshi numbers. I work better with USD value but def need to convert them for reference.
I see that you are a new member so I would provide you some useful tips that were once given to me. Always be cautious of investing in coins without solid background (i.e. all the ICO and coins that dont even have a working product like Cardano. There are a lot of coins that are pure speculation.Yes, it is true that you could make money with these speculative coins that dont even have a working product...but that is also how you lose a ton of money over nothing. I would do your research and learn about the coin then ask why is this coin better than the industry gold standards like BTC/ETH. If you want to learn more, check free material seen on onlinetradingconcepts.com I hope more ppl educate themselves so we can share more sound advice based on math & correct technical analysis. Lastly, always be on the look out for pump & dump schemes...which is common with new coins that pop up. When in doubt, invest in the top currencies (BTC/ETH/LTC/XMR/ZEC). I think investing in just all the cheap coins out there are not always the best unless the company has solid background and funds to support its future growth. With TRX, I think they have all those for me to believe that it will do great long term. Only time will tell... lastly, don't ever invest in more than what you are willing to lose. This is all a gamble...we use math & analysis to end up on the right side of the market but in reality noone can tell the future. I hope you have successful crypto trading. Good luck to everyone in 2018!
Wow, thanks a heap for the great information. I'll make sure to bookmark those pages and get more into it. So far I'm only holding some BTC, ETH, and TRX. I have like 10 cardano and 25 ripple too, just in case, but for now it seems that ETH and TRX in general ar good buys. I read somewhere that Jack Ma was investing in TRX, that is when I jumped on it. I've lost about 100 TRX on minute trades before I started getting into trading itself as a whole.
I can't say how much I appreciate this. Do you have a twitter?