[TRX Analysis] Where is the herd?

29 de jul. de 2018

There are four levels that I am currently watching on TRX/BTC chart on the weekly.

[490 Sat, 603 Sat, 759 Sat, and 986 Sat ]

In anticipation for the founder of Tron Justin Sun's "secret announcement" the market has seen a minute short squeeze. Justin Sun has switched his normal spam like tempo to one of more hush and lull leading up to this announcement. With its new found spot light on futures trading site Bitmex.com there is potential for short squeeze to occur from over leveraged short positions. If this plays out I am watching these levels as resistance to the trx bulls. Over 36 exchanges have integrated withdrawals and deposits of the Tronix coin from its ERC-20 token migration. Ledger nano has also begun accepting the coin for cold storage security. Does the herd value trx enough to place their coins under cold storage, time will tell. But scarcity and liquidity deems themselves important in positive price action.

1 de ago. de 2018

Trade fechado: stop atingido

It seems the herd was short. After the vague release of the secret project "Atlas" TRX took a plunge to the low 400 Sat levels. The announcement hype was not able to bring TRX above the 500 Sat level. Amidst the drop in price the TRX project has released a P2P wallet currently available to the google play store. As prices plunge bridges and roads are being built through out the cryptoverse.