Stavros Georgiadis

Tron (TRX) Price Prediction March 2019 – Upside Target Was Reached in February, Now Back in Consolidation

🗓️📈Tron (TRX) reached our upside target two days after we wrote our Tron price prediction for February 2019.
Tron (TRX) Price Prediction March 2019 – Upside Target Was Reached in February, Now Back in Consolidation
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Tron (TRX) reached our upside target two days after we wrote our Tron price prediction for February 2019. Our opinion was that “A first target price is the upper daily Bollinger band at $0.029. For February we prefer the bullish scenario, as odds are for now in favor of it.” However, after the upside target was reached lower prices followed for the rest of February 2019. What is our Tron price prediction for March 2019?

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Tron Price Prediction 2019 – A Bottom at $0.0255 Has Formed. Will It Last in February?

Tron (TRX) Key Statistics

Some key stats for Tron as of March 6, 2019 are the following:

  • Price of Tron (TRX) is $0,023642           
  • Market Cap 1.57 Billion, Circulating Supply is 66.68 Billion
  • Volume 216.72 Million
  • 52 Week Low- 52 Week High: $0.0115- $0.0958
  • Year-to-date performance is +22.36%
  • Rank 10 on CoinMarketCap based on top 100 cryptocurrencies by market capitalization, in February it was number 8.

Tron price prediction March 2019 based on various online sources

What are some Tron price prediction ranges that can help as a guidance on where price could move during March 2019? Consider the following Tron price prediction ranges not as investment recommendations but as opinions only.

WalletInvestor is pessimistic about the price of Tron in the long-term, and according to its forecast trend line the price of Tron may be in the range of $0.022-$0.023 by March 13, 2019.

PrevisioniBitcoin estimates that Tron (TRX) will have a minimum price of $0.020 in March 2019. It mentions that “On March 2019 Tron may heavily boost its price. We assume as high predictable a mass adoption of this cryptocurrency next months. We expect on March 2019 a Tron rise with a strong capitalization and consequently a concrete value per coin increase.”

CryptoGround makes the following Tron price prediction: After one month a price of $0.0244 is predicted for a gain of +2.29%. It can be considered a conservative Tron price forecast.

CoinFan makes the following Tron price prediction range. A minimum price of $0.047377201 and a maximum price of $0.064098567. This forecast seems to be a very optimistic Tron price prediction as the minimum price is almost 83% above the current price of about $0.02380 as of March 6, 2019.

DigitalCoin forecasts that Tron in March 2019 will have an average price of $0.03443841 and a change of +45.91 %. This is a very optimistic forecast.

Tron price prediction based on technical analysis

Tron price prediction daily chart
TRX/USD chart by tradingview
Tron price forecast weekly chart
TRX/USD chart by tradingview

As per our previous article about Tron price prediction our two scenarios, the optimistic and the pessimistic ones, bullish and bearish for the price of Tron in March 2019 can provide some possible ranges about price action.

Tron price prediction March 2019 bullish scenario

The weekly chart for Tron is more optimistic compared to the daily chart. The weekly chart shows a strong support at the price level of $0.020, a rising MACD indicator and most importantly a dominant uptrend, supported by the ADX/DMI indicator as the +DI line is above the +DI line. There is a strong support at the price level of $0.022 which can move the price up to the level of $0.030.

A more conservative target to the upside is the level of $0.028. It is positive that the level of $0.021 has confirmed a double bottom, and on the daily chart the Stochastics indicator is moving up having made a bullish crossover. There is also strong support at the level of $0.02275. An even more conservative target is the level of $0.002613, the upper daily Bollinger band.

Tron price prediction March 2019 bearish scenario

As mentioned above the weekly chart for Tron is more optimistic. When we analyze the daily chart the outlook changes. Tron is trading below its 20-day and 50-day exponential moving averages, the level of $0.028 appears to be a strong resistance, MACD indicator is negative and the strength of trend is very low, still the dominant trend is the downtrend.

Tron has difficulty to trade above the price level of $0.02430. Above it there is strong resistance at the price level of $0.026. As of February 4, 2019 Tron, in general is making lower highs and lower lows which are the textbook definition of a strong downtrend. Because the current trend is not strong, we do not anticipate large price movement for Tron in March 2019.

Conclusion for Tron forecast this month

The current trend is not strong, but there are better odds to focus on the downside.

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Vera Thornpike

Bitcoin Short-Term Price Analysis: $4,000 BTC Price Is to Be Hit Again. What to Expect from BTC This Week?

🤑📈Bitcoin short-term price prediction from TradingView users. Is BTC to overcome $4,000 this week? When to buy Bitcoin? Patterns and factors contributing to BTC growth.
Bitcoin Short-Term Price Analysis: $4,000 BTC Price Is to Be Hit Again. What to Expect from BTC This Week?
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Bitcoin has managed to make it to $4,000 but didn’t hold long. What will be its next steps? Will BTC reach new heights, or is its short-term success to be eclipsed by another bearish trend? tradingview users share their outlook on Bitcoin’s nearest future.

BTC is going through ABC correction

Bitcoin is through ABC correction

Bitcoin price chart from botje11

According to user botje11, Bitcoin seems to be going through ABC correction. So far, it has been moving towards the $4,200 neckline again. Volume is moderate, but not bad. It looks to be developing normally within what looks like a right shoulder. Since December 2018, it has been attempting to form an inverse H&S pattern.

Here’s what botje11 writes:

“In a short term, we want to see something like the chart on the left. Making a bigger bull flag here. So touching 4000/4020 again and then retest the support one more time around 3950/40. If we see this happen without any strange moves, chances will be very high to see an attack of the 4200. As you know from my previous analysis, that if we see a touch of 4200ish, even when seeing a rejection there at first, i am quite sure it will break eventually. In this scenario, 4000 should be the low after touching the 4200ish.”

If we manage to move up above 4000/4050, the volume should increase. To witness positive changes, the rally should be bigger than before. The real volume jump can be postponed until a break of the $4,200 level. But then it has to be enormous. Seems like traders aren’t willing to wait anymore.

Short-Sale Structure pattern is here

We are likely to see Bitcoin falling to a support line

Bitcoin price chart from CryptoManiac101

According to CryptoManiac101, up to date, we are witnessing a clear follow through with our Short-Sale Structure pattern. It means there’s a 90% chance of a flash dump or drop towards supports. However, crypto is a very volatile matter, and we might see an upward movement into the next week. At the moment, there’s no clear BTC/USD trade set up.

There’s the third successive buy signal

Prepare to buy BTC at $4,100

Bitcoin price chart from TradingShot

Bitcoin gives another buy signal for traders. Look at the pattern: 4H Channel Up within a 1D Ascending Triangle. The signal seems to be bullish in the Higher Low zone. Prepare to buy BTC at $4,100 higher high and sell on $4,190 when Ascending Triangle Resistance forms.

BTC is to fall to $3,300

BTC might fall to $3,300 and lower soon

Bitcoin price chart from MrRenev

Some users don’t share the optimism around Bitcoin’s future. For example, the user nicknamed MrRenev believes that BTC is to fall to around $3,300 in 7-10 days.

Here’s what he writes:

“After a dead cat bounce and the usual victims that regulators try so hard to protect - no matter how much that hurts the legit traders like me - and that lose no matter how many rules aka wheelchair training wheels are set in place to help them out, will ONCE AGAIN call the bottom, buy the dip etc - which should last let's say 3-5 days, the price will then fall more than 1/3 in a matter of days. We will then bottom at 1500-2000 we might get there fast or after a bounce a little higher and momentum slowdown follower the 33% loss in 2-3 days.”

Why should it be so? MrRenev bases his prediction on the fact that the Chinese government doesn’t like Bitcoin and might do everything to suppress it. BTC will be under risk after rejecting resistance twice and run into the next resistance which is $4,200-4,300. The user is sure that the chances of a bull run is minimal.

After breaking resistance, Bitcoin is through the uptrend. Judging by predictions from TradingView, it's more likely to rise than return to the $3,500 level or lower. Keep tabs on the new resistance level. $4,050 will be a new BTC price threshold and an entry point for traders.

BTC/USD price chart on TradingView

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.

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