TRON
the 3rd wave of Elliott is startingcrab harmonic pattern:
AB=0.38 XA
BC=0.88 AB
tp1=1.6 BC=$0.0043
tp2=2.6 BC=$0.04
tp3=3.6 BC=$0.38
tp4=1.6 XA=$2.35
WINK is making the virtual reality of the Tron ecosystem with oracle and the name of it is WinkLink now. Justin Sun is making a casino ecosystem and it seems Ponzi game so be careful. If you think you are a paper hand guy, buy more and use your dice!
BTCUSD Bybit Chart Analysis July 9
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I will begin BTCUSD Bybit Bitcoin Chart Analysis for July 9 th .
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according to the direction of the arrow
It was a long position one-way strategy.
Earned up to $995 in revenue.
4 hour chart.
Today's approximate Top and Bottom prices are displayed.
Green resistance line / orange support line within the convergence zone
The direction seems to be determined.
Red up trend and light blue down trend movement check.
I made today's trading strategy.
This is a 30 minute chart long position strategy.
purple parallel lines,
Arrows lifeline in the breadcrumbs.
When the orange support line is broken,
There can be strong declines.
Sideway move is a neglected strategy.
Each major time period is indicated.
* When the red arrow moves
Long position strategy.
Before and after touch target 1 at the top,
If the trend dies, enter short after liquidation
$32764.5 Long position switching / Stop loss when the purple support line breaks
The final target will be the Top segment.
* When the light blue finger moves
Short -> long switching strategy.
$32156 short position entry / Stop loss when the green resistance line is broken
$30186.5 Long position switching / Stop loss when the red support line is broken
We hope that you operate safely as a principle of trading / stop loss is essential.
Have a good weekend.
See you in the evening for further comments.
Thank you.
Basic Attention Token ($BAT) Analysis and set up.The overall idea of this setup is fairly simple, I will take the trade if it fulfills at least one of my criteria, A) The price has a 4H close above the $.6525 mark or B) The price drops down to the $.585 level.
The target prices are the same for both of these setups, the only thing that changes are the stop loss levels and the Risk/Reward ratios.
Set up A)
Position type: LONG
Open Price: $.6525
Target 1: $.7220 Risk/Reward ratio: 1.36
Target 2: $.88518 Risk/Reward ratio: 4.56
Target 3: $1.04 Risk/Reward ratio: 7.87
Stoploss: $.6040
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Setup B)
Position type: LONG
Open Price: $.5850
Target 1: $.7220 Risk/Reward ratio: 4.74
Target 2: $.88518 Risk/Reward ratio: 10.35
Target 3: $1.04 Risk/Reward ratio:15.74
Stoploss: $.5512
Is It Time To Buy or Sell The Crypto Market?Hey Traders just wanted to give an update on what I see right now in the Cryptocurrency Market. I think we are still in a holding pattern for now. I don't see Bitcoin making new highs or lows. So that means in my opinion it is best to wait on the sidelines and be flat until something larger takes place which im sure it will eventually.
Enjoy!
Trade Well,
Clifford
Tron (TRX) - we are waiting for a global growth wave to $0.09The week of trading on the TRON (TRX ) market ended with an unsuccessful attempt by sellers to continue the wave of decline without correction and gain a foothold below the liquid range of $0.059-0.062. Having used small volumes to continue falling, sellers were able to touch the $ 0.046 mark. However, the weekly candle closed at almost $0.065, creating a false breakout of the range of $0.059-0.062.
This fact testifies to the local weakness of sellers below the range of $0.059-0.062. The first local pivot point for sellers to continue the downward trend is in the range of $ 0.067-0.068. On the daily timeframe, it is clearly seen that it was after the breakdown of this range downward that sellers were able to lower the Tron price by 30% in 2 days:
In addition, a sharp counterattack of buyers, which also lasted 2 days, stopped exactly in the range of $0.067-0.068 . Therefore, in order to make a trading decision to buy, it is necessary to wait for either a breakout of the range of $0.067-0.068 upwards and expect a retest of this liquid zone from above, or wait for a local price decline to $0.059-0.062 and buy in this range.
Why is there a high likelihood of a new wave of decline in the TRON (TRX) market in a local perspective?
Firstly, do not forget that although the wave of decline in the TRON market, which began in May, has slowed down, a clear falling TRX price channel is visible on the chart.
Secondly, the daily chart shows that on June 23-24, buyers were much more aggressive than in the last 4 days. This is evidenced by the aggressiveness of candlesticks and volumes.
Third, on the TRXBTC chart, we see a stable price movement in a falling channel and low trading volumes.
This fact indicates that the situation on the TRON market has not changed yet. Buyers face another toughness test, during which they cannot be allowed the TRX price to renew the previous low. In this case, the main target of buyers is in the range of $0.09. However, if recently the price of TRXUSDT could do it in a few days - now it may take several months. A significant decrease in trading volumes and a negative situation in the crypto market have significantly reduced volatility and optimistic scenarios for updating historical highs of coins.
This is our main scenario for now. However, if buyers cannot hold the range of $0.059-0.062, we will expect the continuation of a powerful wave of decline with the target of $0.037-0.039
P.S. - our previous TRX forecast worked out completely:
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Bittorrent Potential Triangle BreakoutNice triangle pattern here breaking the b-d trendline, momentum looks bullish , strong bottoming fractal , wave-A retraced 61%, waves A + B cover the same amount of time (potential for a very large diametric to develop). Good probability this one has bottomed. I suspect a full retracement of this triangle is coming over the next few months.
A break of the recent low would indicate a much more severe downtrend is going to occur.
Tron (TRX) - June 29Hello?
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(TRXUSD 1W Chart)
It remains to be seen if it can move above the 0.07500028 point to continue the uptrend.
(1D chart)
We will have to hold the price in the 0.05118284-0.07253780 range to see if it can turn into an uptrend.
If it goes down, you should see support at the 0.04050536-0.05118284 zone.
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(TRXBTC 1W Chart)
If the price holds above the 259 Satoshi point, it is expected to create a new wave.
(1D chart)
We'll have to see if we can get support by going up to the 199 Satoshi-215 Satoshi section.
If it goes down, it should find support at the 168 Satoshi point and see if it can move up along the uptrend line.
In order to turn into an uptrend, it needs to rise above the 194 Satoshi point to find support.
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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 it 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 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 a 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)
$TRX/BTC 4h (Binance Spot) Descending broadening wedge breakoutTron has broken out bullish locally and looks ready to continue upwards after that 100EMA retest!
Current Price= 0.00000191
Buy Entry= 0.00000190 - 0.00000184
Take Profit= 0.00000205 | 0.00000219 | 0.00000237
Stop Loss= 0.00000172
Risk/Reward= 1:1.2 | 1:2.13 | 1:3.33
Expected Profit= +9.63% | +17.11% | +26.74%
Possible Loss= -8.02%
Fib. Retracement= 0.786 | 1 | 1.272
Margin Leverage= 1x
Estimated Gain-time= 2 weeks
TRONS probable targetsIf we look at the 4-hour time frame of theron, we will notice a descending channel
Now it has reached a critical point, which it has managed to defeat after 3 collisions
In case of a valid failure of the descending channel, the ascent scenario and its goals are written
In case of failure, the descending targets were identified
Fundamental News
Justin Sun will soon be showing off the tron 2 project
It could be good news
Tron Price Analysis: TRX Surges 16% After Finding $0.5 Support
Tron is up by a strong 16% today as the cryptocurrency bounces from $0.05 and hits $0.0648.
Despite the strong rebound, TRX is still trading beneath the 200-day moving average price.
Against Bitcoin, Tron found solid support at 156 SAT (.618 Fib Retracement) and has since bounced back toward 200 SAT.
What has been going on?
Taking a look at the daily chart above, we can see that TRX has been in an extended downtrend since the start of May when it hit its ATH price of around $0.17 on Binance. BY the last week of May, TRX had reached as low as $0.06 but managed to hold support provided by the 200-day MA.
In June, TRX started to trade inside a descending triangle consolidation pattern. The triangle floor was just beneath $0.07, and TRX managed to remain above it for most of the month. However, on Monday, TRX eventually broke toward the downside of this triangle and fell beneath the 200-day MA support.
After breaking the triangle, TRX continued to drop until support was finally found on Tuesday at $0.05. It managed to rebound from there yesterday and has since pushed near the $0.065 level.
TRX price short term prediction: BEARISH
TRX has to be considered bearish beneath the 200-day MA level. The cryptocurrency needs to break above $0.068 (200-day MA & 20-day MA) to become neutral again. It would need to surpass resistance at $0.1 to be considered bullish in the short term.
If the sellers push lower, the first support lies at $0.06. This is followed by $0.05. Beneath $0.05, added support lies at $0.0453 (downside 1.272 Fib Extension), $0.042, $0.04, and $0.037.
Where Is The Resistance Toward The Upside?
On the other side, the first resistance lies at $0.068 (200-day MA & 20-day MA). Above this, resistance lies at $0.0751 (bearish .236 Fib Retracement), $0.08, and $0.087 (50-day MA). If the buyers continue to drive above $0.09, resistance can be expected at $0.093 (bearish .382 Fib Retracement), $0.095 (100-day MA), and $0.1.