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#Tron Price Analysis

TRON: The truth, should you invest? Complete Analysis

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There is lots of potential and money making opportunity as well. With a long time and future vision for TRX & TRON platform. Should you invest in TRON?

What is TRON?

TRON (TRX official currency) is a decentralized platform based on Blockchain and aim to build a digital content sharing platform eventually leveraging peer to peer (p2p) blockchain system. TRON first founded by a non-profit Singapore based foundation, and this TRON foundation is specifically seeking to distribute the global entertainment industry.

Presently, lots of user data and traffic managed by a few corporations like Google, Amazon, and Facebook & Snapchat. TRON makes some serious steps to control by placing ownership of the data back into the creator’s hands.

 

Features of TRON

There are some key features of TRON, given below

  • TRON wants to heal the Internet with its entertainment features.
  • Data liberation; free and uncontrolled data.
  • Content-enabled ecosystem, where users can obtain digital assets from content spreading.
  • Personal ICO with the ability to distribute digital assets.
  • Different infrastructure which allows distributing digital assets exchange (such as games) and marketing forecasting.

 

Advantages of TRON

TRON’S advantage is its good team of developers, advisers, and investors. Tron’s CEO is Justin Sun, who is the protégé of Jack Ma, the founder of the Alibaba group and other advantages the fact about data creators, which are the users, central ownership of the data and also the users on the Tron network are entitled to proportional profits granted by rules. Tron’s idea is to administer free service platforms for the public. This is why it is operated and designed to serve the masses that enjoy entertainment content around the world.

 

Investing in TRON

  • Cheap transactions

According to the main network system, Tron transactions should be free but as just it’s started the network support becomes slower. So, at present there is a price of about 5cents per TRX, which is 0.000005cents per transaction- you can make 200,000 transactions per TRX.

  • High Transaction volume

TRON network allows you to do a huge transaction with no limit. The Tron blockchain handles more than 1000 transactions per second (TPS), compared to Ethereum and Bitcoin who were respectively 15 and 7 TPS currently.

  • Traditional smart contract support

The new customized Tron’s main set is to support smart contracts which are written in languages like JAVA. These customized smart contracts would, therefore, allow for programs to be hosted on the Tron network which will benefit from being decentralized, fast, lightweight and highly scalable.

As Tron is the decentralized application, so there is the number of decentralized applications lined up.

  • Consolidate of current partners into the Tron Network

Once Tron Blockchain is launched, Tron will be able to start building applications and tokens for their current partners.

Now, If you are planning to invest in TRX, this is the right time to do it. According to recent Bitcoin dip has caused many altcoins, Tron included, to drop in price. Bought TRX now, when its cheap, could lead to serious return after the Tron Main launches and investors rush to fill their bags.

 

Future of TRON        

Now, it will be interesting if you are planning to invest in this project. There is lots of potential and money making opportunity as well. With a long time and future vision for TRX & TRON platform, and it seems like ultimate funding from investors, it’s not unreasonable for one who is optimistic enough.

 

Note: Cryptocurrency investments are very risky, and you are required to do your own research and analysis before making any investment decisions. The above article states only the views of the author, and is not, in any way, an investment advise.

#Daily Price Analysis

TRON Daily Trading Signals: 31 October

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TRON remains in a bearish trend. The bearish spinning top formed at $0.02200 in the resistance area set the stage for the bears' return.

Dominant bias for TRON (TRX)- Bearish

Resistance Levels- $0.02500, $0.02600, $0.02800

Support Levels- $0.02000, $0.01800. $0.01600

TRON remains in a bearish trend. The bearish spinning top formed at $0.02200 in the resistance area set the stage for the bears’ return. The cryptocurrency was initially down to $0.02213 and later to $0.02207 in the demand area before the end of yesterday session as the bears increased their momentum.

 

TRX 4-hour chart

TRX 4-hour chart

 

The 4-hour opening candle was an inverted bearish hammer an indication of bears continued pressure that may prevail in the day.

TRON price is still under the 34 exponential moving average and the relative strength index is in the oversold region at 31% and its signal points down which suggests downward movement in the price of the TRX.

The lower line of the descending channel or the retest at $0.02101 in the support area may be the bears’ target

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#Daily Price Analysis

TRX Daily Trading Signals: 30 October

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Dominant bias for TRON (TRX)- Bearish

Resistance Levels- $0.02500, $0.02600, $0.02800

Support Levels- $0.02000, $0.01800. $0.01600

TRON is in a bearish trend. $0.02200 that was predicted yesterday was nicely broken due to the strong bears’ pressure that broke the $0.02322 in the horizontal line of the descending triangle. TRX made a low of $0.02180 in the resistance area as it creates a descending channel pattern.

 

TRX 4-hour chart

TRX 4-hour chart

 

The bulls area back as bearish exhaustion set in with the candle closing with a lower wick. The 4-hour opening candle at $0.02221 sustained the bullish momentum as TRX was up at $0.2248 in the resistance area.

Attempt to the upper line of the channel is the bulls target as they increase their momentum to the upside, but the bears’ pressure remains strong with price below the 34-EMA.

The relative strength index is at the oversold region 29% and its signal points up which suggests upward movement in price of the cryptocurrency which should be seen as a minor pullback that is necessary for the market correction before the downtrend continuation

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#Daily Price Analysis

TRX Daily Trading Signals: 29 October

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Dominant bias for TRON (TRX)- Bearish

Resistance Levels- $0.02500, $0.02600, $0.02800

Support Levels- $0.02000, $0.01800. $0.01600

TRON is in a bearish trend. The bears’ pressure was sustained after a minor bullish momentum that saw TRX at $0.02399 in the resistance area on 26th October. The two inverted hammer formation at this area signaled the bears returned. The cryptocurrency went down to $0.02322 in the support area on 27th October.

 

TRX 4-hour chart

TRX 4-hour chart

 

The 4-hour opening candle was a doji a sign of indecision and the next candle will determine the direction. Should it close bearish it will sustain the bearish momentum. A bullish close of the candle will signal a possible trend reversal.

Price is below the 34-EMA an indication of strong bearish pressure with the relative strength index at 43% and its signal points down it suggests a further downward movement due to the bears’ pressure.

TRX is in descending triangle. A break below and possible retest at $0.02322 in the support area will give the bears more opportunity to continue the journey down south and $0.02200 may be an initial target

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