If you look at the general trend lines of TRX (the green ones, the lighter one being the most likely), you will see them intersecting with long term support (yellow line). I think we will see some short term bears when TRX follows the trend, a reversal when it bounces off the support. Please give me feedback!
評論
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Following dark green trend here, the next few days should be very telling.
Personally, I don’t think that it will hit the long term support line. The only reason that I can think of to cause the price to decline is btc unstable movement. As of now I think that TRX is starting to stabilize (550-650). I did an analysis to determine the correction wave and i found that it is pointing to 600. I thought I’ve made a mistake because this would mean 3fold decrease!! As of now 1day STochRSI shows oversold and fast MA is about to cross. This suggest that we might see the upward momentum soon, but before that happen with might see a short accumulation phase. Additionally, sell pressure from people that bought from 2000 peak is relieving...slowly. This is from a trend trading analysis perspective. At a fundamental trading level, Justin Sun is doing an excellent job with his updates to inform his investors and branching out to strengthen his project. Personally, I think that this is a proper place to add more to tron position.
theherorv
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@CptGucci, I dont agree with you on Justin sun, he is just trying to raise capital by fraud. This all decline is result of his shit tweets
CptGucci
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@theherorv, haha everytime he tweets price decline. That is true...no disagreement there. Personally, I think that his tweets attracted lots of attention from small investor as well as...big investors. Personally, i believe that big investor also see potential in this coin and they micro-manipulating the coin with sell pressure so that they can accumulate this coin. This is just the sad truth about crypto...this happens with many successful coins some are more obvious than another like ETH early this year (300 to 100), NEO (35 to 12), XRP (.30 to .12), even Binance coin (3 to .79). I choose these example because it was so obvious. My first experience was with ETH and caught on with NEO XRP and BNB. During the FUD, big investor use that at their advantage couple with the sell walls. Long a behold couple months later ETH up 10x NEO 10x BNB 23x XRP 10x. This one is very simliar (korean fud as well as negativity from investor who bought from peak. If i was a big investor, then this is perfect ). The nastier and swift the “correction” is, the higher the price will be in the future. True Correction are usually gradual decline of price and it takes weeks to bottom out like ETC, STRAT and Qtum. This peak will be drawf of what to come. This is just some thing to humor you. Im highly confident that this is the case but i could be wrong.
theherorv
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@CptGucci, I hope you are right and this coin returns huge
CptGucci
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@theherorv, we will know in a couple of days. I entered at 670 and 650. Stop lost at 490. 25% of purchase price.
exist
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@CptGucci, well stated. I guess well see if you're right. I think BTC's instability isn't causing this because of the steady downtrend. The coin was overvalued IMO at it's peak, but a retracement, especially to a previous support could turn that around.