TRX/BTC Analysis 5/16/2018

Today I’m looking at TRX for another entry. I hold some TRX from a past accumulation period but I am really wanting to increase my position. As you can see on the chart above I have support and resistance drawn and I am aiming for a buy price of 800 satoshi. TRX has a mainnet launch at the end of the month. Before the BTC decline, TRX was doing great in anticipation of this event. Since the market has been bleeding pretty bad since last week, the price of TRX has suffered along with it. This has given time for the price to cool down and offer a great entry opportunity. I am aiming to acquire enough TRX to make it my 5th largest position behind BTC/ETH, OCN, VEN, and ICX.

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