Tron TRX Forecast - An Closer Look Helps Paint The Future
Following my previous chart which showed Tron's potential, I am now taking a closer look of how the chart should make it's way up in a conservative manner. However I must point out that there is nothing conservative about TRX. When it pumps it pumps hard and when it dumps it dumps harder.
The chart depicts an upward trend following the long-awaited bullish reversal. In order to retrace the prices in a more accurate manner I've decided to omit the swing low (382) and take the next swing low (478) which actually confirms the reversal of trend. I've taken into consideration the chart's bearish trend angle and averaged it to around 30 degrees which in-turn used it to trace the bullish trend pattern.
Since bullish reversal is most likely confirmed I've decided to go for the Elliot's Wave to support my idea. I've labelled the support and resistance levels through multiple Fibonacci retracements and extensions. The process is much more complex but I've decided not to clutter the chart and keep it simple. Chart does not take into consideration BTC's price.
Hope this helps create a clearer picture of TRON's future price.
This is not an investment advice, always do your own research.
The chart depicts an upward trend following the long-awaited bullish reversal. In order to retrace the prices in a more accurate manner I've decided to omit the swing low (382) and take the next swing low (478) which actually confirms the reversal of trend. I've taken into consideration the chart's bearish trend angle and averaged it to around 30 degrees which in-turn used it to trace the bullish trend pattern.
Since bullish reversal is most likely confirmed I've decided to go for the Elliot's Wave to support my idea. I've labelled the support and resistance levels through multiple Fibonacci retracements and extensions. The process is much more complex but I've decided not to clutter the chart and keep it simple. Chart does not take into consideration BTC's price.
Hope this helps create a clearer picture of TRON's future price.
This is not an investment advice, always do your own research.
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*Cursor not curse :D
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Dear Traders,
Some are questioning the direction of TRX. One has to understand that Tron has the potential to be one of the few winner in cryptocurrencies. "Then why is the price going sideways and against all signs of improvement?"
The answer is very simple. TRX is yet to unfold their major project in Asia. Justin Sun is building a serious team full of experienced developers and creating a massive blockchain platform and digital currency for the entertainment and gaming space. What they are creating is unique and entirely new and revolutionary. What they are trying to invent threatens US tech firms like Facebook, Apple, Twitter and Google. Hence the FUD is huge.
Price is currently being manipulated by whales who realise the potential of this coin. They know that once their product is out this coin will hit double figures. When is another question. This manipulation is a well-crafted campaign for these whales because once price shoots up, which it will, they will have a good chunk of TRX ready to be sold or kept for a much greater price.
I'd recommend Tron for a long-term hold. Buy it and forget about it. I believe we'll be seeing TRX around $0.30 - $0.50 by June 2018 and heading towards $1 - $3 by end of year 2018. If TRX lays out it projects upfront and re-build the trust of investors the figures quoted could easily be doubled.
This coin will be back. Remember what their ultimate aim is. It ain't easy competing with the big US tech firms. They seem to be working diligently and taking their time to execute properly.
Good luck and hodl!
Some are questioning the direction of TRX. One has to understand that Tron has the potential to be one of the few winner in cryptocurrencies. "Then why is the price going sideways and against all signs of improvement?"
The answer is very simple. TRX is yet to unfold their major project in Asia. Justin Sun is building a serious team full of experienced developers and creating a massive blockchain platform and digital currency for the entertainment and gaming space. What they are creating is unique and entirely new and revolutionary. What they are trying to invent threatens US tech firms like Facebook, Apple, Twitter and Google. Hence the FUD is huge.
Price is currently being manipulated by whales who realise the potential of this coin. They know that once their product is out this coin will hit double figures. When is another question. This manipulation is a well-crafted campaign for these whales because once price shoots up, which it will, they will have a good chunk of TRX ready to be sold or kept for a much greater price.
I'd recommend Tron for a long-term hold. Buy it and forget about it. I believe we'll be seeing TRX around $0.30 - $0.50 by June 2018 and heading towards $1 - $3 by end of year 2018. If TRX lays out it projects upfront and re-build the trust of investors the figures quoted could easily be doubled.
This coin will be back. Remember what their ultimate aim is. It ain't easy competing with the big US tech firms. They seem to be working diligently and taking their time to execute properly.
Good luck and hodl!
P.s. some comments are ridiculous down here. Where would we be without trolls and haters? Chart followed movement perfectly till now. Projections aren't usually accurate but so far this one seems to be very accurate. Stop the hate and think before you talk.