SUMMARY
The sideways price channeling of Tron (TRX) seems to be continuing with the likley next rise towards the uppwer white line of the parallel trend lines. The wider scope of this correction primarily reads as a complex triple correction with the final Z wave not expected until early May timeframe. The white rounded bottom also emphasizes the undertone of the continuing sideways action of price and time.
The alternate count is potentially quite bullish. The triple complex of wxyxz (blue) can at times morph into a combination. The final Z wave can become a triangle as labeled in teh below chart. IF this count is correct, then there is a likelihood that the correction has potentially bottomed. Still, the earliest indication of this bottom has to be evidenced by a process of two rounds of an impulse and the first seems still to be in its early stages.
A closeup shows the start of the first round of impulse. The yellow circle shows the presenc of a bull flag for white wave 2 and the full impulse could allow the breach of the upper trend line of the channel.
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Tron has hypes but really need to develop more their codebase...
Tron had a lot of hype behind it but has langished since some negative news came out about it. With all of the new projects coming out without the negative baggage that Tron has, do you think it can regain the momentum it once had?
whats the negative news ?
It's all over the place. Some is likely true and some is likely FUD, but this article is a good overview: https://discover.coinsquare.io/digital-currency/digital-currency-tron-accused-stealing-ethereums-code/
ETH is open source, but should be credited. Though why on earth would they use anything ETH? lol, EOS would be a much better option.
You could literally say that about every altcoin in the world; everything has gone through a 3 month correction ofc there's negative news about it lol
You make a good point @erit2018, but I think what's changing is the number of new coins coming on the market. What will it take for Tron to get back into favor with investors? It seems that the value of hype is declining and I think this will continue as projects move from hype to production applications.
Tron is launching its own mainnet on April 1, hence the recent bullish behaviour.
That is not quite accurate, Trons test net launches on 31 March.. the main net goes live on 31 May (7 months ahead of schedule)
hope it does go up. I have a big bag of tron to sell.
I do also!
it seems tron is a good price. but what do you think about the allegations of the whitepaper being plagerized by Justin Son.
I read that plagiarism happens all the time in china like its normal to do. Or maybe when he made the coin he didn't really have intentions of doing anything with it but it got so hyped up he had to. I can make a ERC20 token in about 20 mins but I wouldn't because I don't want to do all the work you need to do after. No one can really know for sure, he said the Chinese version of the white paper was much different maybe the person who wrote the English version did not speak English well. I haven't really looked at all the evidence.
Tron price is good 0.0358$ i hope go up
I hope btc helps the bullish trend of trx..31st of March is just around the corner..
thank you @haejin - could you do an update on bitshares?
good post
i'll keep holding it~
I also have a long term bullish outlook on BTC
Tron is also having an airdrop at the moment where you can pick up 80 free coins - https://steemit.com/cryptocurrency/@chekohler/get-80-free-tron-coins-with-houbi-pro-and-tronix
Is this true or scam?
I've seen it posted on several airdrop sites and reddit threads and its also on Houbi Pros official Twitter. Thats more confirmation than most when it comes to these things. I've registered so if i don't get my coins ill let you know
Indeed it this post, best of luck @haejin hopefully its goes up.
I resteem this post.
@haejin Please can you do an update on XVG!
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Testnet is being released in a few days and coinburn should happen with it. Get in while you still can! Mainnet to follow shortly thereafter!
Make sure you downvote all of @Haejin's scammy post!!!
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Hgin You should stop your SCAMS NOW!!!
https://steemit.com/stewardsofgondor/@iknowwhoyouare/i-haven-t-gone-away-and-continue-my-efforts
@HAEJIN - You Should Watch This Video
I didn't make it. I found it searching "Haejin Video" on BING.
@Haejin You do not provide any entertainment. I brought you some.
@thabiggdogg You are lower than snake shit, get a life.
It's proven many times by your own actions that you are a beady eyed, two bit good for nothing sociopath!
Even to put Bullish in there with TRX is a Joke there a much better projects then Tron :{}
I wish you MAAAAAAASSSSSSIVVVE PROFITS!!
Make sure you all Flag @thabiggdogg account.
You think this is about winning and losing? That's pathetic! Only a dense, obtuse sociopath would do so.