TRX Down 29.1% Even With The Launch of TronClass

Tron (TRX) slides 29.1 percent week-to-date
The launch of TronClass will aid in Tron’s global reach and general awareness

What is US Yield Curve and Why is it Tickling Bitcoin Investors?
Thursday August 15, 2019

What if there is a way one can predict the next recession accurately? Except, there is none. But thousands of market experts, including economists, fund managers, and traders, still rely on something that help them...

The post What is US Yield Curve and Why is it Tickling Bitcoin Investors? appeared first on 12bitplay - Bitcoin Play.

For their global outreach, the launch of TronClass is beneficial for the cryptocurrency and blockchain space as a whole. Even so, that is not enough to tame sellers pushing TRX to the edge. At press time, TX is down 29.1 percent from last week’s close.
Tron Price Analysis
That Tron has been grabbing headlines in recent days is true. From accusations of shilling and rumors of a police raid, the Tron foundation is unwavering as they trudge towards achieving their objective.
The goal is to ensure that Tron is a go-to platform from where project managers keen on realizing speed and scalability can quickly launch their dApp. Its dApp ecosystem is therefore active, contesting with EOS for the top position.
Nonetheless, the network’s creators are keen to see the platform change lives across the world. To that end, the launch of the Online TronClass will chart the way as far as awareness is concerned.

Crypto Community Reacts to Bakkt But Not all Are Bullish
Saturday August 17, 2019

The news that regulatory approval has finally been granted to Bakkt has generally been perceived as bullish for the industry. However, not all in the crypto community are convinced that it is the best...

The post Crypto Community Reacts to Bakkt But Not all Are Bullish appeared first on 12bitplay - Bitcoin Play.

Our little workshop: #TRONClass is here! The purpose is to introduce and explain #TRON & #Blockchain related terms to those who are new to this area. In today's #TRONClass, we are going to explain what is #TRX. Check it out! #TRON $TRX
— Justin Sun (@justinsuntron) July 14, 2019

Will Investors Flee to Bitcoin as Recession Looms?
Wednesday August 14, 2019

The global economy has been facing increasing downwards pressure as of late that has sparked significant fear amongst traditional investors, and now one historically accurate indicator is flashing warning signs of an imminent recession,...

The post Will Investors Flee to Bitcoin as Recession Looms? appeared first on 12bitplay - Bitcoin Play.

In a 20 seconds video explaining what TRX is in a simple to understand language, the foundation plans to release similar videos distilling some aspects of their platform for everyone to comprehend their overall objective.
Candlestick Arrangement

Like most altcoins, TRX is down 29.1 percent in the last week and back to the critical support line. By nullifying buy proposals following the breach of 3.1 cents, bears are in the driving seat.
Even so, while traders are positive of a price recovery, it all depends on the reaction of asset prices at 2 cents. Presently, sellers are pressing lower, and as bear momentum builds up, TRX bear candlesticks are banding along the lower Bollinger Band (BB).
All the same, 2 cents mark Q1 and 2 primary support and significant in this TRX/USD trade plan. Therefore, it is imperative that TRX prices find support at this level. If not, chances are prices may slide to all-time lows of 1 cent in a bear trend continuation.
Technical Indicators
Because of the above candlestick arrangement, June 27 bear candlestick correcting the over-pricing of June 23 to 25 leads this trade plan. It has high trading volumes of 32 million. Since 2 cents is the main support line, a reaction that will either lead to price degradation or recovery must be distinct. As such, the leading bar must be with high participation equal to or above 32 million. That will either spark buyers aiming for 3.1 cents or catalyze a dump towards 1 cent.
Chart courtesy of Trading View. Image Courtesy of Shutterstock
The post TRX Down 29.1% Even With The Launch of TronClass appeared first on NewsBTC.

You may also like...