Technical Analysis of Tron

Launched in 2017, TRON is a blockchain-based entertainment content sharing platform that aims to transform the global entertainment industry. TRON has own cryptocurrency known as Tronix (TRX) and lots of technical specialists are already supporting this cryptocurrency. According to some estimates, TRON has a bright future because this network allows users to create content, websites and applications without having to rely on centralized services. The positive thing is that lots of partners are already supporting the TRON network, TRON partners include the likes of Gifto,, oBike, Peiwo among others (on the official website, you can find all TRON partners). In my opinion, this is a highly speculative cryptocurrency and still very risky but lots of analysts agree that TRON (TRX) is currently at a point where it has the potential to make very big gains. As long as TRX is below $0.05 this cryptocurrency is in the “SELL” zone. Short term support and resistance levels are $0.010 and $0.020 – If the TRX jumps above $0.020 that would be a “BUY” signal and the open way to $0.025. If the TRX jumps above  $0.05 that could be a strong signal of the trend reversal and the open way to $0.08. On the other side, if the TRX falls below $0.010 that will be a strong signal “SELL” signal and the next target could be around $0.0050.

Advice: This is a highly speculative cryptocurrency and still very risky but TRX has a very good risk/reward ratio in the market right now which means you stand to gain a lot more for taking a comparatively smaller risk. Yes, it is true that the price could fall even more but the current price of TRX stands around $0.014 and this is very close to strong support which stands at $0.010. As for the technical picture, TRX remains in bearish phase but if the price advances above $0.020 next targets could be located around $0.025 and $0.030. On the other side, if the TRX falls below $0.010 that will be a strong signal “SELL” signal and the next target could be around $0.0050. I would invest only a small sum of money in this cryptocurrency

Trading Strategies for Tron

Tron is a blockchain based, decentralized protocol, designed to build a free content entertainment system. Their main aim is to make entertainment available to everyone around the World. Tron’s ticker symbol is TRX, and the minimum transaction costs 0.001 TRX. Tron has a market capitalization of over $6 million and currently the 9th most valuable digital coin. You can buy or sell TRX using the cryptocurrency exchanges namely Coinbase and Binance. Binance is known for their strong team, proven products, superior technology, and industry resources. Thus the most recommended and trusted.
The only technical indicator useful in our trading strategy is the Parabolic SAR indicator. SAR stands for Stop and Reverse but commonly referred to as Support and Resistance. This indicator hints you on when to buy Tron or cover your trade. When Tron TRX price trades below the indicator, then we are moving in a bearish trend and if above the indicator it’s a bullish trend.

Steps to consider when trading Tron TRX (buy trade):

               1. Determine the dominant trend in higher time frames

Multiple time frame analysis is vital for determining the direction of the dominant trend. That is, if you trade the daily time frame, use the weekly and monthly charts to establish the trend.

              2. Wait for the Parabolic SAR indicator to show up below the Tron TRX price

As mentioned earlier, when the indicator shows below the price it shows we are moving into a bullish trend.

               3. Wait for Tron coin price to break above the last downward Parabolic curve

A line is drawn from the starting point of the curve and the price awaited to break above the line.

              4. Place a protective stop loss below the Parabolic SAR curve

Hide your protective stop loss below the curve, usually at a low swing level.

            5. Take profit when we touch the Parabolic SAR support line

Cash out your profits when the Tron coin price touches the support line.

The same rules apply for a sell trade.



Technical Price Analysis of Tron(Nov.6th)

Tron is one of the best performing cryptocurrencies in the crypto market so far. It is a decentralized technology primarily focussing on establishing a free international entertainment platform where people can send, upload, retain, share, and store information. It is a non-profit establishment situated at Singapore. According to the latest forecasts, TRX will experience an exponential rise before the year ends.
Cryptocurrency experts from some crypto analysis websites have projected that TRX will hit $3.75 in the next three months. TRON lost 90% since it reached the peak level of all time at the beginning of the year, while it was $ 0.25 per unit. Although, in the last few weeks, the TRX had the chance to get a rebound from $ 0.018 in August to $ 0.026 at the beginning of September. Well, TRX fell to 0.017$ only a week later, once again rising back up driven by the slow and already predictable, stubborn negative trends in the market.

What Value Will Tron Have In One Year?

As of now, there are no launch events on the Tron calendar. Going by the effect of previous events, it is apparent that the future of Tron is likely to improve considerably.
The Ethereum network passed through a similar situation, with ETH’s value surging from $10 to $1,400 in less than 12 months without major adjustments on the blockchain’s protocol or marketing by the Ethereum team. The growth of ETH’s value that is alluded represented an increment of 13,900% over a period of 12 months. If Tron undergoes a similar growth, its value in September 2019 would be $2.78, using the present $0.020 value as the base.
Going by the knowledge provided, it seems that there’s a possibility of increase on in the market of TRON. Therefore it’s safe to say it can be bought.