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- Tron (TRX) retesting the lows of January 13th and 14th
- The Sun's expectations against Liverpool FC
Tron and Justin Sun are good at marketing, but their partnership claims with Liverpool FC were false after the club spokesman denied such an arrangement. The good news is that Tron (TRX) prices are stable above 2.1 cents, which suggests a maximum margin for the highest, at about 3.1 cents or 4 cents.
Tron Price Analysis
fundamentals
To compete with Ethereum and outperform its competitors, Tron Honchos must do everything to integrate well-established companies. The easiest way to do this is to create partnerships, mergers or even acquisitions. Tron, despite all the marketing mistakes and rejections, is doing pretty well. Despite this, in 2018, the Tron Foundation and Justin Sun misled investors into believing that they had a partnership with Baidu, the Chinese equivalent of Google. This was not the case after Clarification of CNLedger:
The "partnership" between Baidu and Tron is essentially to buy cloud computing resources from Baidu. "The two sides have not established any contact at the blockchain activity level." According to ODaily, Baidu Cloud and Tron have recently entered into cloud computing cooperation. Tron will build, operate and debug blockchain products based on Baidu Cloud to ensure compatibility and optimize development experience. "
Now it seems that Justin Sun has eggs on his face after Liverpool FC vehemently denied his enthusiasm "invitation for a partnership. "
Thank you for the unique and innovative invitation, Liverpool! I am impressed and I am looking forward to exploring this #TRON new partnership together! @ LFC #TRX $ TRX #BTT $ BTT ?? pic.twitter.com/7RhFw7QVbX
– Justin Sun (@justinsuntron) April 24, 2019
After a lot of fanfare, a football club official had to pour cold water on the excitement saying:Liverpool Football Club has no partnership with Tron"And that they had sent an invitation to information to many companies to better understand their business.
Chandelier arrangement
While this may be a blip, Tron (TRX) is in recovery mode but is not in the top 10. However, with a reversal of the two-bar bar that would likely form the basis of another rally recovering gains in early April, traders are optimistic.
Nevertheless, we will adopt a cautious stance and, even if TRX is trading in a bullish uptrend against the US dollar, buyers have a chance as long as prices are above 2.1 cents or the lowest of the two-way reversal model. January bars. 13-14.
For the moment, we recommend that you wait until volume increases above 2.7 cents are high. On a more conservative approach, risk-averse traders should take over when bulls exceed 3.1 cents.
Technical indicators
In the meantime, the 25 April bar is our benchmark. With high volumes, the path to the launch of feature films will materialize if there is a total recovery, canceling these losses with volumes exceeding 13 million. Before that, patience is essential.
Graphics with the kind permission of Trading View
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