Tronbtc
TRX TRON - BUY SignalTRON reaches 1 million daily transactions! Hoping for some free press ;)
- Target 1: ~384 satoshi
- Target 2: ~409 satoshi
Higher targets are also labeled...
- Stop @ ~359 satoshi
- MACD is looking interesting...
- Hoping this market shows some upward momentum
Watching this for the next couple of days - week!
Reduce the risk. Analytics TRON / BTCBUY: -
SELL: -
STOP-LOSS: 0.00000357
Support: 0.00000358
Resistance: -
On November 6, the asset tested the resistance line 0.00000382, failing to break it up. The price changes its direction. To reduce the risks of this transaction, there are two options:
Close the deal at a price close to 0.00000370, taking profit
Move the stop loss to the level of 0.00000357 (when triggered, the deal will close with a profit), and we expect a possible break through the resistance level.
TRX/BTC potential 15% run after retesting the pivotIf this is it for this local move up, we should be getting the retracement to the red pivot line which should now be a support, which falls right onto the .705 retracement for additional confluence.
If we bounce from there TRX should be targeting at least the 390 level previous high and try to break it, in which case the next target would be 429, but if not, it would signal a weakness.
Original idea by Svarog
TRX are ready for another move upTRX have the last few weeks been in a upwards trend and I think it has bottom out now between the 280 - 350, as we can see on the volume it shows that the past 3 weeks has been very low on both sides, I therefor see this as a strong buy signal since the sellers volume also are low.
I expect the bulls to come slowly over the next few weeks and that will also bring more volume back to the coin.
MACD and RSI on weekly showing strongly buy signals and we also have support on the 50 days ema on the shorter time frame like 4hours.
I did entry yesterday on 350 and this time I dont want to setup a close stoplose becouse im now starting to accumuliate TRX for the long run. Im just buying more if it falls deeper again.
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WILL TRON (TRXBTC) STAY IN ITS BULL CHANNEL?Hello guys I'm doing weekly analyses on the top 10 marketcap cryptocurrencies. Here is for TRXBTC.
First I received an email from my Crypto Trader 1H for a long signal. You can see the backtest results from the indicator on the year 2018 down below.
Then I looked at the 1D chart and this call makes sense since we are reaching the support line of our bull parallel channel just recently.
I will update the idea to see how it went (target or stop reached).
That's all for today. I might update this idea in the next days so you should follow me if you don't want to miss it.
Feel free to comment your opinion and thoughts !
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Tron breaks long-term resistance finally?After 2 months sideaway, Tron aims breaking a long-term resistance i.e 100-Day MA. It failed 3 times in october.But breakout will be accomplished soon. Why?
1. A strong support i.e 20-Day MA (mid line of boolinger band) is extremely near to resistance now and price must decide to break one of them. which lines is stronger? I think support (green line) will be winner and price jump nice.
2. Justin Sun (Tron's founder) proved that he is a strong hyper. He knows when and how tweet and help technical to make a bullish movement. I think sun will play his important role once again.
TRX continues to have trouble with 385!TRX is trying to break out from this range it's been stuck in for weeks but it cannot properly close above the 385 level. We did break and close above it earlier in the month but that was short-lived as we returned back below after just 2 days above.
We are currently sitting on top of a demand zone, which has held strong in the past so if we are expecting some movement in TRX, now is the time as BTC continues to trend sideways. A break below this support area could see us test the lows once more, which could make a lot of bulls panic out of their longs. Breaking above resistance will cause a lot of short liquidations, which could see TRX potentially even test 2 supply levels above.
Thanks guys
$TRX - Nice quick 23% profits. 1HJust follow the trend . Repeat previous movement and take profits .
I have measured the % overflow out of the channel for secure. Put your stop below that point and ride the wave .
Track the progress and take a look at the RSI, if price is near from the top and RSI is overbought just confirm a second signal and price action .
Trade safe .
Tron looks like it has found bottom. Clear Wyckoff Accumulation.Tron is in a insanely clear Wyckoff Accumulation pattern, and it honestly looks very similar to schematic 2 that suggests we will be moving up. It seems like this pattern was intentionally painted on the chart. The accumulation pattern Tron is in is much more clear compared to other altcoins such as Litecoin.
Keep in mind Tron will most likely not follow either one of these patterns, but I posted this because it seems to be following schematic 2 to the letter so far.
However, I am still skeptical right now. With Bitcoin nearing the trendline once again but this time at 6400, it seems inevitable that we will get a big decision very soon, whether that is to move up or drop into 4600 accumulation.
Personally, I believe in the bearish schematic one that suggests we will drop (around 40%) into a lower low before finishing the pattern and moving past resistance.
However, if Bitcoin breaks past 6400 and the sentiment turns bullish again, it is very likely Tron will follow schematic 2 that suggests we are ready to move up past 420 sats.
Thanks for viewing! I have noticed this pattern for a long time but waited for it to develop before posting. We are now at the decision point. I am short Tron since 395 (the current price is 372). If we manage to move past 390 I may consider closing my short.
I am still collecting members for my private chat group. If you are interested, please send me a message. I post all my trades and explanations there.
TRX / BTC AnalyticsTRON is a decentralized blockchain protocol which goal is to create a worldwide entertainment system with liberal public content through DTL - users can publish and store any data.
The project is distinguished by a large-scale PR campaign, numerous coin-related events and news from developers are widely discussed in the media space. However, the news background is weakly reflected in the current rate.
Coin trading volumes are stable, although relatively low. The minimum of this year was formed at the level 0.00000259. Comfortable entry points are in the range of 0.00000330-0.00000350.
Technical analysis of this asset does not work correct, the rate is affected by the news background and the psychology of traders. The stop-loss zone is in the range 0.00000300, this is a fairly strong level of support. Simultaneously with the massive closing positions in this area, large purchases are taking place – it’s reaction of big players. If the price consolidates above the zone of attention 0.00000406, then very likely a powerful upward price movement and the probability of geting x3. When opening positions for this coin you should put close stops.
It is difficult to play during the day, because the speed of price change can be very high and too hard to catch move.
A project with great plans and prospects, so profits can be left in the asset.
TRON (TRX) Partnership w/Industry Giant BaiduThe 'partnership' between Baidu and Tron is basically about Tron buying cloud computing resources from Baidu. "The two parties have made no contact at the blockchain business level".
According to the ODaily: recently, Baidu Cloud and Tron have reached cooperation in the field of basic cloud business. Tron will build, operate and debug blockchain products based on Baidu Cloud in order to ensure compatibility and optimize development experience. However, Baidu and Tron have not yet formed any connection at the blockchain business level. Currently the cooperation mainly focuses on the purchase and use of (Baidu's) basic cloud computing resources. Baidu will actively provide their blockchain solution w/ their soon-to-release blockchain commercialization super partner plan v1.0. The plan is about tech exploration and revenue sharing with their commercial 'super partners' using Baidu's 'out-of-the-box' blockchain solution.
twitter.com
"Finally, First time to partner with tens of billions USD valuation industry giant. Guess the name #TRON #TRX $TRX"
twitter.com
"TRON (TRX) Price Leaps on News of Partnership with ‘Industry Giant’"
cryptovest.com
“Justin Sun’s recent hinting at a partnership may be the most ambitious yet for both the young founder and the top 20 cryptocurrencies. While nothing has yet to be concerned, the current speculative mill has it that TRON is in the works to announce a partnership with Baidu, one of the largest IT companies in China and essentially the Google equivalent for the country.”
cryptodaily.co.uk
"As reported earlier by CoinNess.com , #TRON had inked a partnership with Baidu."
twitter.com