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TRX / USD (Tron)
Latest news Tron
From the announcement of Tron Accelerator, to the launch of the Tron Developer Suite and the apparent disappearance of cryptography prices, Justin Sun, co-founder of the platform, is now urging developers to migrate from the EOS and Ethereum platforms.
To read: Tron (TRX) announces an acceleration plan for the creation of DApp with $ 1 million in prizes
Through a fund that Sun says "will free" these developers from the imminent "collapse" of their respective platforms, the creators of dApp would only get a boost if they migrated their work to the Tron platform.
#TRON will build a rescue fund #ETH is #EOS developers from the collapse of their platform until those developers migrate their jobs to #TRON. #TRX $ TRX
– Justin Sun (@justinsuntron) December 7, 2018
This is not the first time that Sun launches sublime hits at EOS and Ethereum. On several occasions he had to deal with Ethereum's Vitalik Buterin, who once said that Tron plagiarized some of his white paper from Filecoin.
A famous Chinese investor cited seven of Tron's strong points on Ethereum. Do you want to know how Vitalik responds in a fun way? Look deeper into Penta's white paper and find out why we're different: we did the hard work of typing the keyboard rather than looking for easy gains with Ctrl + V / C pic.twitter.com/LJ9KBY52Kx
– Penta Global (@Penta_GF) 6 April 2018
TRX / USD price analysis
From left to right, prices are negative, which means that the path of least resistance is to the south. But this has been the trend in the last 11 months or so, and after the 85 percent fall, we expect TRX to find support.
At the moment, prices are rising in line with the bulls on 28 November and, while consolidating in a narrow range of 0.5 cents, we expect buyers to print higher by the end of the week. The only time we expect bulls is when TRX / USD pushes above our resistance at 1.5 cents – $ 1.7 cents of the area.
Assembly stops will be 1.4 cents with the first targets at 2 cents. Losses below 1.2 cents and 1.3 cents invalidate this plan.
Our TRX / USD business plan will therefore be as follows:
Buy: break and close above 1.5 cents
Stops: 1.4 cents
Objective: 2 cents
XLM / USD (Lumen stars)
Latest news from Stellar Lumens
As reported by EWNs, CoinBase, the encrypted exchange platform in the United States announced once again that it will explore 31 digital assets, including Stellar Lumens (XLM).
Read also: CoinBase Pro lists the ERC20 tokens from Civic (CVC), DNT, LOOM and Decentraland (MANA)
This being the second time, the community is pretty excited about the news and could be a suggestion of what will happen, especially if CoinBase deviates from the quotation of a low-cost, high-availability pre-mined currency.
The listing on XLM could be interesting for users who would like to diversify pending price appreciation now that Stellar has a working relationship with IBM. IBM's mainframes are still in use by 92 out of 100 global banks and since they have been in service for over 50 years, an alternative proposed by IBM could be easily adopted even if it means leverage the Stellar platform.
If 2019 is all about tokenization … and Chain https://t.co/9h5aiv6Gmb points to everything and the commercial arm of Stellar, Lightyear, now owns Chain, renamed as Interstellar … could be positive for Stellar Lumens (XLM) without even mentioning IBM World Wire.
– PipsieLot (@pipsielot) 10 December 2018
Price analysis XLM / USD
Stellar Lumens (XLM) is perched on the fourth and quite stable in the last hours. Even though XLM is printing higher than the dollar, bears have control. Starting from the candlestick, we expect that XLM will print higher and even close above the 13 cents, triggering short-term bulls that point to 17 cents.
However, since the XLM / USD is a trend bearer model and prices are less than 15 cents, we can not discount the possibility that sellers increase, driving prices below of our support zone. If this print comes out, our XLM / USD will be canceled.
However, our short-term XLM / USD business plan will be as follows:
Buy: 13 cents over December 9th
Stops: 11 cents
First goal: 17 cents
All graphics courtesy of Trading View.
This is not an investment tip. Do your research.
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