TRON
TROX idea after good earnings- disclaimer: amateur swing traderTROX seems to be bouncing off the 200MA. Just came off good earnings and an increased dividend. Seems to have strong fundamentals. Targets set for previous high, and 127 and 168 fib extension levels (which are also previous levels of resistance).
Target 3 = 30.50 RR: 1.66
Target 2 = 27.30 RR: 2.37
Target 1 = 24.51 RR: 3.13
Close below $15 and I'd get out.
Let me know your thoughts on this analysis as I'm still learning and appreciate the feedback.
TRX/USDT Broke Out Resistance so ready for 125% from here...?#TRX/USDT TA Update:-
$TRX currently trading at $0.108
And recently broke out very long term resistance level.
And candle also closed above resistance level.
So I am buying some $TRX here.
Entry:- $0.1-$0.108
Targets:- $0.136/$0.164/$0.236
Stop Loss:- $0.093
Support: $0.1
Resistance:- $0.136/$0.164/$0.236
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TRXUSDT(1D chart) - Trend Breakout!TRXUSDT (1D Chart) Technical analysis
TRX/USDT(1D Chart) Currently trading at $0.114
Buy level : Above $0.111
Stop loss: Below $0.081
TP1: $0.136
TP2: $0.166
TP3: $0.203
TP4: $0.252
Max Leverage 2x
Always keep Stop loss
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TRON TRX : PARABOLIC PROJECTION FOR...........Welcome back Traders, Investors, and Community!
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Tron (TRX) - September 8Hello?
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(TRXUSD 1W Chart)
If the price holds above the 0.03074453-0.04413840 range, it is expected that the uptrend will continue.
(1D chart)
We will have to wait and see if we can find support at the 0.08238160-0.08644692 zone and move towards the 0.09289318-0.10168507 zone.
If it falls from the 0.07500028 point, you can touch near the 0.05792308 point, so you need to be careful with your trades.
If the price holds above the 0.08644692 point, I expect it to move towards the 0.11243825-0.12543392 range and re-determine the trend.
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(TRXBTC 1W Chart)
You'll have to climb above 259 Satoshi and see if you can get out of the bottom section.
In particular, if it rises in the 259 Satoshi-318 Satoshi section, it is expected to create a new wave.
(1D chart)
It is necessary to check whether there is any movement that deviates from the 154 Satoshi-207 Satoshi section.
If it falls from the 154 satoshi point, it can touch the 92 satoshi-114 satoshi section, so careful trading is required.
If the price holds above the 207 Satoshi point, we expect resistance in the 259 Satoshi-318 Satoshi section.
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We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether the price trend is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying the formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** See support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
Explanation of abbreviations displayed in the chart
R: A point or section of resistance that requires a response to preserve profits.
S-L: Stop Loss point or section
S: A point or section where you can buy to make a profit as a support point or section.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day.
G1 : Closing price when closed
G2: Opening price
(Example) Gap (G1-G2)
Tron TRXUSD - Massive channel! + Elliott wave- On the chart we can see an incomplete Impulse Elliott Wawe (5th wave).
- Rounding bottom or cup and handle is also printing on the chart.
- Volume is very bullish and also RSI is prepared for another pump!
- Target is 1:1 fib trend-based extension + top of the ascending channel + 5th elliott wave
- For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio ( RRR ) - please check my signature below ↓
- Huge bullish volume is also one of the positive signs!
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$TRX made an aggressive pump#TRX made an aggressive pump. Now, #TRX is at a resistance area of $0.103 - $0.104.
One factor that affected this is Justin Sun created hype with the announcements.
Not a buy call now, it's already pumped wait for a retracement and buy the dip as #TRX will great pick for a bull run✅.
Alternatively, if the price directly breaks above then you can buy back at pullback.