{"id":563240,"date":"2020-08-18T16:26:24","date_gmt":"2020-08-18T13:26:24","guid":{"rendered":"https:\/\/en.ethereumworldnews.com\/?p=563240"},"modified":"2020-08-18T16:57:07","modified_gmt":"2020-08-18T13:57:07","slug":"history-repeats-itself-as-tron-trx-dips-before-justswap-launch","status":"publish","type":"post","link":"https:\/\/en.ethereumworldnews.com\/history-repeats-itself-as-tron-trx-dips-before-justswap-launch\/","title":{"rendered":"History Repeats itself as Tron (TRX) Dips Before JustSwap Launch"},"content":{"rendered":"<p><strong>In brief:<\/strong><\/p>\n<ul>\n<li><strong>Tron&#8217;s JustSwap will be launched today at 22:00 UTC + 8.\u00a0<\/strong><\/li>\n<li><strong>Justin Sun will be hosting a Livestream event to introduce JustSwap.<\/strong><\/li>\n<li><strong>Tron (TRX) has had an impressive rally from the 13th of August, gaining by 62.5%.<\/strong><\/li>\n<li><strong>However, its value has dropped by 12% a few hours before the Livestream event.\u00a0<\/strong><\/li>\n<li><strong>TRX has a history of taking a dip hours before a Livestream event launching a Tron product\/service.\u00a0<\/strong><\/li>\n<\/ul>\n<p>Justin Sun and the Tron Foundation <a href=\"https:\/\/en.ethereumworldnews.com\/trons-justswap-will-revolutionize-defi-on-the-trx-network\/\" target=\"_blank\" rel=\"noopener noreferrer\">will be launching JustSwap<\/a> today at 22:00 UTC + 8 which is only moments away. Justin Sun will be hosting a livestream event to introduce JustSwap to users of <a href=\"https:\/\/www.coingecko.com\/en\/coins\/just\" rel=\"nofollow noopener\">JUST (JST)<\/a> and the Tron ecosystem.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">\ud83d\ude80Tonight! <\/p>\n<p>Catch <a href=\"https:\/\/twitter.com\/justinsuntron?ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">@justinsuntron<\/a> in a livestream at 22:00 (SGT) to introduce the latest addition to the <a href=\"https:\/\/twitter.com\/hashtag\/JUST?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">#JUST<\/a> ecosystem: <a href=\"https:\/\/twitter.com\/hashtag\/JUSTSWAP?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">#JUSTSWAP<\/a>! \ud83c\udf89<a href=\"https:\/\/twitter.com\/hashtag\/JUST?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">#JUST<\/a> and beyond \ud83d\ude80<\/p>\n<p>\ud83d\udc49DLive: <a href=\"https:\/\/t.co\/Qr9yaAMMfh\" rel=\"nofollow\">https:\/\/t.co\/Qr9yaAMMfh<\/a><br \/>\ud83d\udc49Periscope: <a href=\"https:\/\/t.co\/0Yxy0QWkyp\" rel=\"nofollow\">https:\/\/t.co\/0Yxy0QWkyp<\/a><br \/>\ud83d\udc49YouTube: <a href=\"https:\/\/t.co\/WCL42IJ3Hw\" rel=\"nofollow\">https:\/\/t.co\/WCL42IJ3Hw<\/a> <a href=\"https:\/\/t.co\/MZvaFfP08P\" rel=\"nofollow\">pic.twitter.com\/MZvaFfP08P<\/a><\/p>\n<p>&mdash; JUST Foundation (@DeFi_JUST) <a href=\"https:\/\/twitter.com\/DeFi_JUST\/status\/1295672502811635712?ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">August 18, 2020<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2>Tron (TRX) Pumps by 62.5% Since the 13th of August<\/h2>\n<p>Due to the pending launch of JustSwap, the digital asset of Tron has had an impressive run in the crypto markets as shall be elaborated.<\/p>\n<p>On the 13th of August, <a href=\"https:\/\/en.ethereumworldnews.com\/tron-trx-partners-with-waves-to-enhance-defi-in-both-ecosystems\/\" target=\"_blank\" rel=\"noopener noreferrer\">Tron (TRX)<\/a> opened the day at an average value of $0.020. Since then, TRX has bulldozed several resistance levels to post a local peak value of $0.03250 earlier today. This is an impressive 62.5% increment in value in less than a week.<\/p>\n<h2>History Repeats itself as TRX Dips Before Livestream Event<\/h2>\n<p>After printing the local peak value, Tron dropped to as low as $0.0286. This is a 12% drop in value and a few hours before the Livestream event meant to introduce JustSwap.<\/p>\n<p>TRX&#8217;s dip hours before a major Tron Livestream event follows a pattern that has been observed by savvy traders over time. Going back a few years to the launch of the Tron testnet and mainnet (Tron&#8217;s Independence day), TRX experienced similar dips prior to the Livestream events launching each.<\/p>\n<p>On the 31st of March 2018, the testnet <a href=\"https:\/\/en.ethereumworldnews.com\/category\/news\/trx-news\/\" target=\"_blank\" rel=\"noopener noreferrer\">Tron network<\/a> was launched via a Livestream event. Prior to the Livestream, TRX was trading at approximately $0.053 only to drop to as low as $0.027 the following day. Additionally, when the mainnet was launched on the 25th of June 2018, the value of TRX fell from around $0.044 to $0.0366 the following day.<\/p>\n<h2>Can TRX Maintain its Momentum Despite a Parabolic Daily Chart?<\/h2>\n<p>Further checking the daily TRX\/USDT chart courtesy of Tradingview, it can be observed that Tron&#8217;s price has followed a clear parabolic path. Its daily trade volume is in the green indicating continual buying interest for Tron.<\/p>\n<figure id=\"attachment_563246\" aria-describedby=\"caption-attachment-563246\" style=\"width: 960px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2020\/08\/TRXUSDT-August-18th.jpg\"><img class=\"wp-image-563246 size-full\" src=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2020\/08\/TRXUSDT-August-18th.jpg\" alt=\"\" width=\"960\" height=\"511\" srcset=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2020\/08\/TRXUSDT-August-18th.jpg 960w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2020\/08\/TRXUSDT-August-18th-300x160.jpg 300w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2020\/08\/TRXUSDT-August-18th-770x410.jpg 770w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2020\/08\/TRXUSDT-August-18th-240x128.jpg 240w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2020\/08\/TRXUSDT-August-18th-717x382.jpg 717w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2020\/08\/TRXUSDT-August-18th-150x80.jpg 150w\" sizes=\"(max-width: 960px) 100vw, 960px\" title=\"\"><\/a><figcaption id=\"caption-attachment-563246\" class=\"wp-caption-text\">TRX\/USDT Daily Chart courtesy of TradingView.com<\/figcaption><\/figure>\n<p>However, the daily MACD and MFI point towards an overbought situation giving the impression that TRX\/USDT will most likely experience a correction after JustSwap is launched by <a href=\"https:\/\/en.ethereumworldnews.com\/trons-justin-sun-reappears-on-twitter-offers-1m-bounty-on-hackers\/\" target=\"_blank\" rel=\"noopener noreferrer\">Justin Sun<\/a>.<\/p>\n<p>As with all analyses of Tron, traders and investors are advised to use stop losses and low leverage when trading TRX on the various derivatives platforms.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In brief: Tron&#8217;s JustSwap will be launched today at 22:00 UTC + 8.\u00a0 Justin Sun will be hosting a Livestream event to introduce JustSwap. Tron (TRX) has had an impressive rally from the 13th of August, gaining by 62.5%. However, its value has dropped by 12% a few hours before the Livestream event.\u00a0 TRX has a history of taking a dip hours before a Livestream event launching a Tron product\/service.\u00a0 Justin Sun and the Tron Foundation will be launching JustSwap [&hellip;]<\/p>\n","protected":false},"author":22,"featured_media":563247,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[4657,108120],"tags":[1057,108121,1255,108031],"_links":{"self":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/563240"}],"collection":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/users\/22"}],"replies":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/comments?post=563240"}],"version-history":[{"count":0,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/563240\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media\/563247"}],"wp:attachment":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media?parent=563240"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/categories?post=563240"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/tags?post=563240"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}