Tron (TRX) has an annual productivity of about -34%, which is much better compared to the collapse in prices for other cryptocurrencies.
Tron (TRX) performance for 1 year is about -34%, which is much better than the fall in prices for other cryptocurrencies. In fact, Tron has an annual productivity of + 35.94%. In this article, we will mention some ranges of Tron price forecast from different sources, and also make our own Tron price forecast for February 2019 based on our technical analysis. Below are some key statistics for the Tron as of February 2, 2019:
Tron (TRX) performance for 1 year is about -34%, which is much better than the fall in prices for other cryptocurrencies. In fact, Tron has an annual productivity of + 35.94%. In this article, we will mention some ranges of Tron price forecast from different sources, and also make our own Tron price forecast for February 2019 based on our technical analysis. Below are some key statistics for the Tron as of February 2, 2019:
The price of Tron (TRX) is $ 0.026339.
Market capitalization: $ 1.755.963.777 USD, 503.847 BTC
Volume (24 hours): $ 200,614,221, 57,563 BTC
Circulation supply: 66.666.917.581 TRX
Total scope of supply: 99.266.129.237 TRX
8th place in CoinMarketCap based on the top 100 cryptocurrency by market capitalization
Price forecast for Tron February 2019 based on various sources
What are some of the price predictions Tron?
WalletInvestor is pessimistic about the price of Tron in the long term, but according to the predicted trend line, the price of Tron may be higher than $ 0.030 in February 2019. He predicts a Tron price for the next 14 days at $ 0.0331 with a rise. and $ 0.0256 to the minus.
PrevisioniBitcoin is set to raise Tron, believing that its minimum price will be $ 0.030 in February 2019.
CoinFan makes the next Tron price forecasting range. The minimum price is $ 0.051126476 and the maximum price is $ 0.069171114. This seems to be a very optimistic price forecast, as the minimum price is almost 96% higher than the current price of about $ 0.02633 as of February 2, 2019.
DigitalCoin only provides a target price of $ 0.03284536.
ExpressTricks predicts a Tron price of $ 0.50 for February 2019, another very optimistic forecast.
CryptoGround is on the other side of the projections, with a conservative Tron price forecast of $ 0.0270 over a one-month time period, a return of 1.79%.
Forecast tron prices based on technical analysis
What does the Trona's weekly and daily schedule tell us, trying to make a forecast for February 2019? We will look at two graphs, trying to make an unbiased forecast for the price of Tron for February 2019.
Two scenarios, optimistic and pessimistic, bullish and bearish for the price of the Throne in February 2019, can provide some possible ranges.
The price of the throne February 2019. The forecast is a bullish scenario.
A very positive point is that both on the daily and on the weekly chart there is a shift of the trend from the down to the up. On the daily chart, the price reached the bottom near the level of 0.011 dollars, re-tested the low level of 0.012 dollars and on January 10, 2019 rose to the level of 0.036 dollars.
The price of $ 0.0257 as of February 10, 2019 is higher than the 50-day and 20-day exponential daily moving averages. The fact that both of these moving averages are in an uptrend is positive for the price of the Throne. This means buying pressure. On the weekly chart, the MACD indicator tends to grow, the histogram is positive, the Momentum indicator is rising, and the price is above the 50-period and 20-period exponential moving averages.
Returning to the daily chart, the ADX / DMI indicator shows a strong trend, and the + DI line is above the -DI line with values of 25.41 and 20.20, respectively. The first target price is the upper daily Bollinger band at $ 0.029. The next potential targets could be high prices of $ 0.0312 and the recent high price of $ 0.036. A 20-day exponential period with a value of $ 0.026, where the current Tron price is now located, should provide strong support.
The price forecast for the throne in February 2019 is a bear scenario.
On the weekly chart, the level of $ 0.0296 is a very strong resistance. Other strong resistance levels are $ 0.0279 and $ 0.0288. On the daily chart, the MACD indicator has made a bearish crossover, the Momentum indicator has lost its upward direction and is now pointing down, and there are strong resistance levels at 0.0264, 0.027 and 0.0275 dollars. If the current uptrend implies a pause and a reversal, then the possible targets are $ 0.0243, $ 0.0237, which corresponds to a 50-day exponential moving average, and then $ 0.022.
Traders should track the trend line, which extends from a low price of $ 0.0127 on January 10, 2019 to a high price of $ 0.0263 as of February 2, 2019. If this trend line is not supported as a support, then lower prices are more likely.
In February 2019, we prefer the bull scenario, as the odds so far are in his favor. As always, this is not an investment recommendation, but analysis and forecast.
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