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Analysts Predict TRX Price Will Stay Around $0.015. When The Breakout Should Happen? 

  • Vera Yurina
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    Tron (TRX) price will stay around $0.015 or go lower, say analysts. Why there’s no hope for TRX yet?

Analysts Predict TRX Price Will Stay Around $0.015. When The Breakout Should Happen? 
Cover image via 123rf.com
Contents

Following the lead of other altcoins, Tron continues its path to the lowest lows in 2019. The cryptocurrency cannot resist the bearish trend and continues losing one percent by another. What to expect from it in the nearest time? Twitter users and tradingview analysts share their TRX price predictions and views on the cryptocurrency.

The mood of Twitter users doesn’t change

We still remember the recent wave of sarcasm addressed to Justin Sun. Twitter users mock him for fake promises given and blame him for unsuccessful Tron development. The situation is pretty much the same so far – there are practically no positive TRX price predictions.

Check the replies (see, nothing changes):

Yet, some continue support the cryptocurrency because it might be cheap but stays stable and affordable for anyone: 

More drops are to come?

TRX will continue falling
TRX will continue falling

TRX is having a tough time at the moment, Justin Sun, the founder, is under a lot of heat and it is looking like the TRX holders are starting to sell at big losses right now. It’s recommended to continue waiting as TRX will continue falling further.

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TRX/BTC: over 1200% potential?

There’s a serious profit potential 
Tron (TRX) price chart by alanmasters

Here we are looking at the long-term chart for Tron ( TRXBTC ) and we can see a clear falling wedge pattern that always leads to a massive bullish wave. Profits potential goes from ~600%, April 2018's peak price, up to ~1200%+ for Tron ( TRXBTC ) All-Time High. Check the Fibonacci targets on the chart. Probably, the same scenario will play out this time.

The breakout should happen after TRX reaches $0.013

Growth scenario might not play out
Tron (TRX) price chart by IgorPorokh

According to IgorPorokh, since Tron is adding liquidity to the Binance, new volumes for buying and selling appear in the coin. That means that further asset growth is possible. However, no one guarantees it will happen. We can observe the cancellation of the growth scenario breakdown of the white level. After a breakdown of the white level, we can open the short with the target of 0.013.

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No sign of recovery

TRX will not recover in the short term
Tron (TRX) price chart by ahf010

According to user ahf010, TRX may see 50 satoshis. There is a pattern on the chart: although we are in oversell area, there is no sign of positive divergence in weekly time frame Thus, we can go down in price and may see higher level in oscillators to create divergence. 

TRX price charts by TradingView

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About the author

Crypto writer, blockchain geek & Bitcoin holder with a strong belief in the power of cryptocurrency. Veronika combines in-depth analytical approach with creative writing to deliver the texts that both inform and entertain. With hundreds of reviews, SEO articles and marketing texts under the belt, she has experience of working for blockchain Medium channels, Cryptodiffer site and ICOs. Part of U.Today team since 2018, she focuses on crypto price predictions and monitors the market to provide the most relevant info & opinions.

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Bitcoin Price Likely to Decline to $7,800: Crypto Analyst

  • Yuri Molchan
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    Bitcoin is to find support at $7,800 or recover to $8,300, an analyst writes, but either way ‘continuation of the ranging on either of the levels is going to occur’

Bitcoin Price Likely to Decline to $7,800: Crypto Analyst
Cover image via www.123rf.com

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Over the last few days, Bitcoin has been trading below the $8,500 area. At the moment, it has recovered to $8,258 after the recent slip below the $8,100 level.

Analysts have been bullish on BTC in the long run, however, the nearest BTC price movements are expected to be bearish.

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The crypto analyst @CryptoMichNL believes that there are two paths ahead of Bitcoin at the moment. If it fails to recover to $8,300, he says on his Twitter page, then the market should be ready for the flagship coin to drop and find support at the $7,800 or $7,300 levels.

Whichever way it goes, ‘continuation of the ranging on either of the levels is going to occur’.

The analyst tweeted this forecast twice with an hour pause.

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About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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