At Coin Inquire, we offer free price signal of TRON (TRX) and other cryptocurrencies. Today July 16 we are beginning a new series of free signals for top cryptocurrencies including TRON (TRX).
|TRON (TRX) Price|
$0.025572 (2.20 %)
฿0.00000234 (-4.20 %)
$1 705 208 092
$602 801 129
After an exhilarating rally in early 2019, TRX has plunged below lows that haven’t been seen since December 2018.
Despite breaking the support around 0.0000028 that has held for so long, a possible bullish trade may be approaching as price enters an old orderblock at the current level. Decreasing volume has accompanied the most recent drop that began in early June, which suggests that the market doesn’t support the movement down.
Additionally, the price may be forming a falling wedge, which is a bullish pattern that often breaks upward. Three daily orderblocks lie overhead, which provides targets for a shorter-term play.
The start of the incentive plan this Monday, which lasts through the launch of the Sun Network in August, could rekindle interest in TRX at these levels.
1- Do not invest in every ICO – most of them are a scam.
2- Crypto is a heavily manipulated commodity and the price can change at any moment.
3- The creation cost of a coin represents the “wholesale” price – It is always better to buy when the price is close to the creation cost.
4- Crypto has a natural cash flow that dictates the selling pressure. Like, 1800 bitcoins are mine each day so 1800 bitcoin must be bought at the current price (“means market needs new $18 millions of investment every day if the price is $10,000 to maintain the current price“).
5- Patience and timing are key to making a profit:
Buy, when the price is close to the creation cost.
Sell, when the price is way high off the creation cost.