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3 Short-term Tron Price Predictions – 2018 Week 48 Edition

When it comes to the different cryptocurrencies on the market today, predicting the next market trend is virtually impossible. That doesn’t keep speculators from sharing short-term price predictions on a regular basis. It seems there are some high expectations for Tron’s price for the coming week. However, that doesn’t mean now is a bad time to short TRX either, as bearish pressure still looms overhead in the cryptocurrency industry.

3 Tron Price Predictions:

A Bullish Butterfly Pattern

TRXUSD Bullish Butterfly and TL Breakout by itradeandwin on TradingView.com

When looking at Tron price charts with technical indicators, interesting patterns tend to emerge. In the case of Itradenadwin, he predicts there is currently a bullish butterfly pattern forming on the TRX chart. The first major level to reach is the $0.021 level, which would be rather difficult to achieve given the current market circumstances.

At the same time, the price per TRX currently on the market is already lower compared to the lowest point predicted by this user. As such, one has to adjust the expectations of a bullish pattern, although there is still a good chance Tron can rise to $0.018 in the coming days. It will not be an easy battle by any means, but there is some positive momentum brewing as of right now.

A Push to $0.0145 is Possible

TRXBTC can we see TRX at 0.007 $ by sniper12453 on TradingView.com

Given all of the current Tron price momentum, it is evident the weekend’s market dip has messed up a few predictions in a major way. The chart outlined by sniper12453 shows the value per TRX was supposed to drop to $0.01 and lower in relatively quick succession. So far, that has not happened yet, as the predicted drop to $0.0085 hasn’t materialized over the weekend.

As such, the longer-term push toward $0.145 is still in play, primarily because the current value per TRX sits at $0.012. Whether or not the $0.0145 level will prove to be a major level of resistance, is difficult to predict. All altcoins are still on shaky legs right now, thus it seems likely the markets can fluctuate in either direction for quite some time to come.

Keep on Shorting for Now

Easy money. let it drop give me more red 🙂 TRX by InJayWeTrust on TradingView.com

While no one will deny it is a lot more appealing to short Bitcoin and altcoins right now, it remains a bit unclear how this will affect the future Tron price as a whole. InJayWeTrust would love to see more bearish pressure materialize in the coming hours and days. His current prediction seems to indicate the overall downtrend will remain in place, which would nullify all other predictions above.

Interestingly enough, it seems this price prediction is merely designed to accumulate more cheap TRX first and foremost. While that is not uncommon among altcoin traders, this also means this particular price chart shouldn’t necessarily be taken to heart at this stage. That doesn’t mean the vision will not come true, though, but it certainly puts things in a slightly different spotlight.

Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency.

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Key Highlights Ripple price seems to be struggling to clear the $0.3100 resistance area against the US dollar. There is a key bearish trend line formed with resistance at $0.3025 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could decline heavily if there is a break below the $0.2900 and $0.2880 supports. Ripple price is under pressure against the US Dollar and Bitcoin. XRP/USD failed to move past $0.3100 and now it could decline further towards $0.2650. Ripple Price Analysis There was a decent base formed near $0.2920 in ripple price against the US Dollar. The XRP/USD pair traded higher and broke the $0.3000 resistance area. However, buyers struggled to clear the $0.3090-0.3100 resistance. As a result, the price declined below $0.3020 and the 100 hourly simple moving average. The price retested the $0.2920 support area, which is currently protecting further losses. An initial resistance is the $0.3000 level and the 23.6% Fib retracement level of the recent decline from the $.3090 high to $0.2924 low. The stated $0.3000 level also coincides with the 100 hourly SMA. Above $0.3000, there is a key bearish trend line formed with resistance at $0.3025 on the hourly chart of the XRP/USD pair. The trend line coincides with the 61.8% Fib retracement level of the recent decline from the $.3090 high to $0.2924 low. Therefore, the price is likely to struggle near $0.3000 and $0.3020 if it corrects higher. Above $0.3020, the next key resistance is at $0.3090-0.3100. Looking at the chart, ripple price remains at a risk of a sharp decline if there is a break below the $0.2900-0.2880 support area. The next main support below $0.2800 is near the $0.2650 level where buyers may emerge. Looking at the technical indicators: Hourly MACD – The MACD for XRP/USD is slightly placed in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is currently well below the 50 level. Major Support Level – $0.2900 Major Resistance Level – $0.3020 The post Ripple Price Analysis: Break Below $0.2900 Could Speed Up XRP Losses appeared first on NewsBTC.

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