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
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!
- If you want to see more of these ideas, hit "Like" & "Follow"!
$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.
TRX IS FUELING UP!MACD is divergent in the positive area and has room to grow. The price is riding a trend line and has managed to break out of a descending trend line that was resistance. The value area between 0.081 and 0.092 shows that TRX has enough strength to scale higher. This trade could procure a profit of 35% - 40%. The support zones are designated in green and resistance zones in red.
TRX Tron Massive Descending Wedge Potential BreakoutAfter being in a consistent downtrend since December of 2017, trx/btc has come to a crucial crossroads as it encroaches on the 3 year historical resistance line.
The case for a break to the upside:
1) Beautiful swooping weekly stoch follow through
2) Local Cup and Handle heading towards completion right at resistance
3) Bullish territory RSI on the daily
4) Re-test and push above the 50ema on the weekly
And most importantly, with the entire market being bullish for the past 2 months, TRX may very well be the next to experience its bull run. It's certainly due.
That is no guarantee, though...and we don't trade off obligations or hopium.
The play here is to wait for a clean breakout of the trendline on the weekly and possible retest before further upward continuation.
Or this thing could just shoot a green missile before you blink. Such is crypto right now.
This is not financial advice.
TRON (TRX) Price to Double in Value? 99% In ProfitIn one of my previous videos, I mentioned that there was likely going to be a correction. The correction indeed happened. However, it looks like the asset is bouncing off of MA200 and is not going down to MA65. One of the reasons why this is happening could be the fact that the entire market is recovering right now. So, some assets are climbing up higher than others. TRX is on the slower-moving end.
TRON (TRX) Price to Double in Value? 99% In Profit• In one of my previous statements, I mentioned that there was likely going to be a correction. The correction indeed happened. However, it looks like the asset is bouncing off of MA200 and is not going down to MA65. One of the reasons why this is happening could be the fact that the entire market is recovering right now. So, some assets are climbing up higher than others. TRX is on the slower-moving end.
TRX just broke through a newly-formed trendline, and it looks like the rocket is about to shoot up.
• On this chart, I indicated major levels of support and resistance. Even if TRON begins climbing all the way up to its previous all-time-high, there will be corrections on the way up.
• The overall situation in the market seems promising. So, my expectations would be that TRON will repeat a similar scenario that is now played out by assets like SushiSwap, Fantom, and even XLM.
• I’m done for now. I will have one more livestream later today. Thank you for watching this video. If you enjoyed it, consider subscribing to my channel. Perhaps, your trading and investing karma will go up. What goes around comes around.