TRON is looking for a breakout TRX/BTC chart looks bullish as it has made a new Higher High.
📍 The white descending trend-line is getting broken by the price. ✍🏼 We could set our buy limit on the pullback to its descending trendline or we could buy here just as the price is getting WILDER 🐃
⚠️ The first resistance level where the red descending trend-line and the orange horizontal line meet each other so be safe and take profit there if you wish.
⚠️⚠️⚠️ Keep in mind that my analysis is just for sharing and do not make any sell or buy position based on my charts.
🧐 Ask me if you have any problem and/or question.
HAVE A PROFITABLE LIFE 💰
Justinsun
$TRX/BTC long term target$TRX is another 17' era ico which did an impressive pump in the previous cycle.
Like most of the other coins it has been in a down trend for multiple years with quite a bit of sideways action which has offered allot of opportunity for accumulation.
I'm expecting Tron to continue the uptrend it started at the start of 2021 and reach at least the 1.618 fibline at 700 satoshi, which would be a good profit taking point.
Before reaching the target I see the need for TRX to first clear the resistances at 315 satoshi and the one at 1.0 fibline, at 465 satoshi.
My 2 main targets for TRX are at 1100 satoshi and at 1700 satoshi, both also used as previous cycle resistances.
In a case of overreaction in the market and TRX making a moonshot I would aim for a target around 5000 satoshi.
Once again, I do not take time into consideration, nor expect TRX to hit the price in near future. Although it might do it like it did last cycle and like DOGE already did this cycle, this targets should be considered a longer term play.
TRON (TRX)/Bitcoin (BTC) All Aboard I've said on my show a hundred times... Tron will shock the market. Against USD Tron has been stellar. Bitcoin not so much. Some of you know in the last several weeks, TRX had it's breakout of it's years-long downtrend. The downtrend line is labeled yellow. This came after a fake-out back in September 2020.
Elliot wave analysis: The first 5 sub-wave structure (labeled blue) of larger cycle wave 1 (labeled green) . It looks as though we are currently in the ABC correction wave 2, labeled as red. More specifically we are finishing off wave B before entering wave C. Then on to Wave 3. Wave 3 is typically 1.618 Wave 1.
Fib. Analysis:
This recent breakout was recently confirmed with a second wick down to the .618. That's a double bounce off the .618. This is a very bullish indicator.
Hidden bullish divergence: Labeled as green trend line. Higher low price action, lower low RSI. Strengthening our chart analysis.
What to look for short term:
Expect the ABC correction to play out, it could bounce again of the yellow trend line at the end of wave C. This would be a perfect opportunity to long, in my opinion.
What to look out for long-term:
Even when an elliot wave structure looks perfect... I always want wave 3 to be confirmed.. that is, a breakout above the previous high. We don't want any double top action which can confuse investors into panic selling their position. That's why you can take profit at previous high, or wait til the end of wave 3. If you choose not to take profits at wave 3, you can still increase your position by buying the wave 4 dip.... and riding this rocket all the way to wave 5. Remember, elliot waves can be seen on micro and macro scales, each set of 5 waves being part of larger macro wave 1 and so on. Each 3 wave correction all part of a larger macro wave 2 correction etc.
Big picture: If you are a hodler or long-term investor... you are in the perfect buying zone. Anything in this price range is going to bring in great returns. We are just beginning a new uptrend after successful breakout.
Tron (TRX)/USD Stay patient H&S???Just as we were starting to see TRX/BTC gain some momentum, it looks like we may need to take a further breather with the USD pair. I would absolutely like to be wrong on this one... but it wouldn't be a bad idea to stack some more TRON at lower prices. We all know where this company is headed. Of course we want to wait for the neckline break. Either way, the drop wouldn't be too big and it won't last too long.
Elliot wave analysis: It is pretty obvious that we are in a corrective wave B. We are experiencing this correction after such a nice run that brought us to 18 cents for the first time since 2017. I will stick with Wave B being the case as the RSI is heading into overbought territory on the 4 hour time frame. The main trend line (yellow) would be the next point of attack after wave c is finished. I wouldn't rely on a direct hit but within a nice range if you are looking to get your order filled.
Of course we have to confirm that the neckline has been broken. Always look for confirmation and keep an eye on that RSI. I'm neutral for now without confirmation. But overall, BULLISH. We are in a BULL MARKET. Tron should test it's all time high within month/s. Conservatively.
TRXUSD BUY/HOLD #BLESSEDPIPS After a strong sell to start the week, the cryptos now look like they are ready for the next bull run.
TRXUSD is one of the best pairs a see with a long term consolidation period that it is ready to break out above previous ATH. (All Time High)
BUY/HOLD from this entry.
#BLESSEDPIPS
TRON (TRX), JUSTIN SUN: PUMP IT !Salve
Whats up guys
Are enjoyin bull run?
lets talk about TRX, Tron is a blockchain-based decentralized operating system much like Ethereum that aims to advance the decentralization of the Internet and its infrastructure. At its core, Tron is a smart contract platform that offers high throughput, high scalability, and high availability for all Decentralized Applications (DApps) in the TRON ecosystem. The Tron blockchain is built around the usability of its native token, Tronix (TRX)..
tg 0.14-0.15-0.17-0.2 sl 0.012 0.011
have fun
ciao
Bulls are back ''to the court of the crimson king''Trx looks oversold on weekly chart. Stoch RSI and RSI 14 supporting this idea. I'm trading Trx for a long time and in my opinion, it looks like Trx about to do a mini-rally.
Yep, maybe Trx is the Crimson King for a long time, but it's still an oversold popular altcoin. Keep that in mind.
I'm just a trader like u guys, and I just wanted to share what I saw here. Don't take it as a financial advise.
$TRX/USDT 4h (Binance Futures) Ascending channel trendingTron is looking bullish again and could continue inside that parallel channel, time to long that "shitcoin".
Current Price= 0.03018
Buy Entry= 0.03026 - 0.02966
Take Profit= 0.03264 | 0.03437 | 0.03673
Stop Loss= 0.02817
Risk/Reward= 1:1.5 | 1:2.46 | 1:3.78
Expected Profit= +17.90% | +29.44% | +45.20%
Possible Loss= -11.94%
Fib. Retracement= 0.618 | 0.786 | 1
Margin Leverage= 2x
Estimated Gain-time= 240h
TRX/BTC 3h (Binance Spot) Descending channel breakoutTron broke bullish at last, the idea is to jump in on a last pull-back.
Current Price= 0.00000162
Buy Entry= 0.00000157 - 0.00000151
Take Profit= 0.00000174 | 0.00000183 | 0.00000195
Stop Loss= 0.00000138
Risk/Reward= 1:1.25 | 1:1.81 | 1:2.56
Expected Profit= +12.99% | +18.83% | +26.62%
Possible Loss= -10.39%
Fib. Retracement= 0.5 | 0.618 | 0.786
Margin Leverage= 1x
Estimated Gain-time= 240h
tron volume gap to 2 digitstron looking like it could juts neck further from where it currently is.
monthly price fell hard rejection from that last pump as whales off loaded onto buyers.
price has since fallen below resistance and POC
if it cannot reclaim support on this monthly OB and POC then there is an empty volume gap all the way down to when it was first traded
note: usually posts like this signal the bottom is in ;-)
$SUN possible scenario if manages to hold above 20$Short term bullish scenario of $SUN if manages to hold above 20$ area
TRX has set a new range. How to trade it.BINANCE:TRXBTC recently broke out of a year long consolidation below 250 sat level.
I believe we have just seen a new range set for TRXBTC.
open longs @ 265-285 sats
TP 1 @ 385 sats
TP 2 @ 445 sats
Open shorts @ 468-450 sats
Keep an eye open for invalidation for this range. Nothing is set in stone and the markets are tricky.
Feel free to post your ideas in comment section below, would love to see them!