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Tronbtc

TRON struggling near the double resistance As many other altcoins, TRON has been creating series of lower highs and lower lows since May 2018. This series was interrupted in mid-August once the 8-month low was made. The low prompted the coin to make a bounce, although a shallow bounce. The price returned again to re-test the lows and it bounced again. However, the price is still trading below the horizontal resistance line, trend line connecting recent swing highs as well as 100 and 200 DMA. In the previous days, the price failed again at the confluence of resistance as the pressure on bulls gets bigger. At this stage, we expect a drop in price to test the lows again with high chances of a break to the downside.
Short
by WhaleAgents
LONG [TRXBTC] TRON The Bull Is Next [700% PP]Trade instructions for Alan Masters followers, readers and supporters Buy in: (1) 0.00000311 - 325 (2) 0.00000291 Targets for Alan Masters Trades supporters (1) 0.00000430 (2) 0.00000546 (3) 0.00000635 Stop loss: Close weekly below 0.00000270. Next support: 0.00000259. Raise stop loss above buy in after we hit our first target. Capital allocation: 5-10%. Time: 1-3 months. A TIME FOR RELAXATION (CALM BEFORE THE STORM) (Sept.5 - 2018) You can move, you can rush. You can hurry and even go nuts. You can jump up and down, go wild, work hard and go at it again. But there is always a strong pause, relaxation, deep breathing, contemplation... before we hit play. The calm before the storm is here once again. Namaste.
Long
by AlanSantana
17
TRX god bless america! soar high.this could be the end of the the C corrective wave with a nice double bottom. we could MAYBE pump up and get rejected at the trend line come back down and try a triple bottom. but this is playing out nicely. TRX has soooo much potential and has been labeled the ETH killer. remember this coin was created SEPTEMBER 2017! this coin has only had its first impulsive wave and first corrective wave. expect this one to be ONE OF THE TOP gainers in the next rally. this thing is ready to soar.
BINANCE:TRXUSDLong
by UnknownUnicorn2319099
Tron (TRX) Expect a small rally when we touch 300. Ideal short.Tron has been doing relatively well compared to its competitor, Ethereum, but due to the correlation cryptocurrency markets have, Tron will likely also break the support zone and hit an all time low since the altcoin rally. Currently we have been getting bullish divergences so expect a rally once we touch below 300 satoshis. Short the top of the rally and expect a 30% return on investment in the coming months. This is assuming Bitcoin drops below 6000 which will likely occur. It is very obvious right now the start of capitulation is beginning with coins such as Ethereum warning us. If Bitcoin drops below 6000 for good and enters a true bear market, it is easy to predict coins like Tron will suffer greatly. Therefore, we may short Tron. Short area: 300 satoshis Take profit: 224 satoshi level. Thanks for viewing! I have been updated Tron for a long time and felt I should make an update. I believe Tron is a very good coin to buy and hold, and if Justin is smart, he will already have accumulated a ton of cash. Unfortunately I am unable to see the balance sheets so all this is speculation. However, the size of the company BitTorrent (employees) suggests it is worth over 100 million. Justin is also buying the cash/liquid assets of the company as well.
Long
by HD1184K
9
TRON (TRX/USD) Completing a Pattern On The Strong Area!First of all, this is not the signal! We need to get some confirmations if we want to see a bounce from the current area! At the moment, TRON' is on the strong area which was a support before we started some 'rally' upwards at the end of the August and currently it completing a Chypher pattern on this price level which matching exactly with our support! Also, we have here a decent round number level $0.019. To confirm the bounce we have to get a close above the $0.019 and then we have almost free "road" to go until to the $0.022! In this area, TRX' have some previous month lows and Fibonacci retracement levels 38%-50% (pulled from 28.08 to today! So, the platform is a pretty nice but we need an extra confirmation from the round number breakout. Currently, it works as a resistance but we have to get a close above this to confirm our pattern bullishness! Hopefully, those level and this analysis helped You out a little bit to confirm Your own analysis! Please, don't forget to hit the LIKE button to support us! Best regards!
BINANCE:TRXUSD
by UToday
3
[TRXBTC] TRON The Bull Is Next [700% PP]TRON (TRXBTC)... When it goes it goes. Last up wave for Tron (TRXBTC) we saw price increase from a low of 315 satoshis on March 18th, to a high of 1083 by April 30th. That's a whooping 343% increase in total, which translates into 240%+ net profits if you bought at the bottom. Today Tron is in a similar spot. On the weekly chart: - Tron hit a low point on the 16th August @ 259 satoshis. From this low point, if we challenge the last peak on the next wave up, we are looking at a nice 300%+ profits potentials or over 400% earnings in total. - As for Tron all time high, we have literally over 696% profits potential. I am already loaded on TRON for what is about to come... Trade instructions for Alan Masters followers, readers and supporters Buy in: (1) 0.00000311 - 325 (2) 0.00000291 Next support: 0.00000259 Note: You can use capital management to buy in. If TRXBTC price goes down, it will find support at the level mentioned above. Targets for Alan Masters Trades supporters (1) 0.00000430 (2) 0.00000546 (3) 0.00000635 Stop loss: Close weekly below 0.00000270. Capital allocation: 5-10%. Time: 1-3 months. A TIME FOR RELAXATION (CALM BEFORE THE STORM) You can move, you can rush. You can hurry and even go nuts. You can jump up and down, go wild, work hard and go at it again. But there is always a strong pause, relaxation, deep breathing, contemplation... before we hit play. The calm before the storm is here once again. Namaste.
Long
by AlanSantana
37
TRON breaks out of the descending triangleAfter being trapped in the parallel channel for more than 8 months, TRON finally broke out of it. The move to the upside was not an impulsive one, but the price still trades comfortably outside of the channel. The consolidation took place and the price action has formed the descending triangle. The descending triangle is a bearish formation that usually forms during a downtrend as a continuation pattern. However, there are instances when descending triangles form as reversal patterns at the end of an uptrend, which is the case now. If the price closes below the triangle support tonight, it is expected to have the continuation to the downside in the coming days. A move to test the 61.8% Fibonacci support, coupled with the horizontal support line, will likely create enough support for the bulls to facilitate a rebound. A re-test of the broken channel is also an option, but in this case, the price may revisit the lows.
by WhaleAgents
Tron (TRXBTC) Bullish Inverted Hammer on the WeeklyWe have a inverted hammer candlestick for Tron (TRXBTC) on the weekly time frame. This candle is a bullish candle. You can read additional information below: "The Inverted Hammer candlestick formation occurs mainly at the bottom of downtrends and can act as a warning of a potential reversal upward. It is important to note that the Inverted pattern is a warning of potential price change, not a signal, in and of itself, to buy. inverted hammer candlestick chart pattern The Inverted Hammer formation, just like the Shooting Star formation, is created when the open, low, and close are roughly the same price. Also, there is a long upper shadow, which should be at least twice the length of the real body." I hope you found this signal useful. Feel free to like, share, comment and follow to support me... As your support is always highly appreciated. Namaste.
by AlanSantana
4
TRX/BTC - Bull Idea: 80%-100% profit in 2-3 weeksLooking at TRX on the 1 Day chart, it looks primed for a break out, mini-bull run. Here's what I'll be watching out for during this trade: ENTRY: 305 - 350 satoshis MY ENTRY: 310 satoshis (Full Disclosure) STOP LOSS: 310 satoshis BREAK-OUT ZONE: 365 - 380 satoshis Tron must break the red square resistance zone to confirm a new trajectory towards the profit levels. If you're conservative, consider either entering after 375-380 is broken (and sustained), or wait for a retest of the yellow local support zone. If this zone is broken and you're already long, consider short selling and waiting for a retrace to either the next yellow zone or significant, sustained buy volume. TARGET 1: 430 - 450 satoshis First target is here. Consider the possibility of a retrace back to 380 - 400 levels for consolidation. I will be selling 20% of my position here. TARGET 2: 490 - 515 satoshis Second target. This is my PRIMARY target. I can see TRX running up all the way to our next target, but this is where I'll be taking a closer analysis at price action to determine if I stay in the position. I'd be happy to exit up to 50% of my position here and buy back some on a retrace. Will update if I get enough likes on this chart. TARGET 3: 590 - 620 satoshis Third and final target. This is the range where I'll be looking to close the position at a solid 100% profit from my entry at 310 satoshis. If another trading opportunity emerges, I will chart it out and evaluate it as a separate trade altogether. You must always consider how much profit traders have already made when thinking about entering or keeping a position. If traders have already made 100% profit, chances are there will be some kind of retrace as they start to take profits. Sure, another opportunity may emerge, but that opportunity will most likely not be from a continuation of the previous trade, but rather an entirely new trade with different wave dynamics. Please trade cautiously, only risk what you are willing to lose!
Long
by darth_bitcoin
5
Tron (TRX) Possible breakout, also possible harmonic.Tron has always been one of my favourite coins to trade due to its very easy to predict movement. Currently I believe Tron will have a drop as it hit the white trendline. However, due to the fact that we have quickly pushed back up after the retest means Tron is still pretty bullish, so this could be the breakout we have been waiting for since 3 months ago. I believe shorting Tron with a stop loss around 350 is a good play. I am still hesitant about this trade and am waiting for confirmation. If I were to take this trade: Entry: 345 satoshi area Stop loss: 350-57 satoshi area (depends on your risk tolerance) Take profit: 290 satoshi area. Keep in mind this price will likely not be hit. Thanks for viewing! If you wish to know where you can short Tron, I will message you privately. Feel free to comment. I will respond to all of them.
Long
by HD1184K
2
Tron (TRX) Bullish breakout, likely another leg up. Careful!Like all the other altcoins, TRX has had a nice bounce from its lows. If you managed to catch it around that area, congratulations. I did pick up some TRX at 303 and will likely sell at 355. I am still bearish. This is because BTC is currently in a short term bullish reversal and it is likely we drop down again. I believe the 7.1-4k area is the maximum BTC can reach and expect 6.8k to be the top. Therefore, if you hold Tron, consider selling it near 355 which is the resistance or when Bitcoin peaks at around 6.8-7.4k. If Tron forms a strong bull flag, do not sell, since another leg up may be coming. A strong bull flag is when price just stays within the same range without slowly sloping down. The less we drop, the more bullish we are. I am bullish in the short term but believe this is just another bounce for BTC. Either way, there is 5% more to be made on TRX so trade safely. Thanks for viewing! I will respond to all comments below.
Long
by HD1184K
3
TRON approaching all-time lowTRON is currently trapped within a parallel channel as the price continues to bounce between channel's support and resistance trend lines. By doing so, the price action has penetrated through both the 78.6% Fibonacci support and horizontal support around 0.00000315. The same level held support a couple months ago, which then launched the coin to new highs. As the price closed below the horizontal support on a daily closing base, it is to be expected that the mentioned level will now act as a resistance. If we see a reaction of off that level, a rotation lower to re-test the all-time low around 0.00000190 can be expected. If, on the other hand, bulls manage to break above the horizontal resistance and channel's upper trend line, a big move to the upside may occur. In that case, a buy once the channel has been penetrated is the most likely action to be taken.
by WhaleAgents
Tron (TRX) Still bearish, no sign of reversal, area's to watchTron has been on a huge downtrend with no sign of reversal still. This leads me to believe the drop is still not over and we have some more dropping inbound. The bullish divergence on Tron has long been invalidated. Currently 260 - 200 could be the bounce zone, but I think if BTC goes below 5.8k we might see under 200 sats per Tron. Therefore, if you have Tron, sell it now. I have long sold mine around the 400 sats mark, and have entered a short once Tron broke 324 sats. My advice is to avoid doing any sort of long. You may be right for a few hours before another dump occurs. Shorting is not only safe, but more profitable in this market. I plan on closing my long around 200-230 sats if we ever reach there. Buying right now is like shorting during the 2017 rally, there is no "too low" just like there is no "too high". The more we drop, the more opportunity there is in the market for the next bull run. There will be another bull run, we just don't know whether some altcoins will survive. I think Tron will survive, but many of the less valuable coins might be going effectively to 0. Thanks for viewing! If you have any comments, please leave them below. This has been the bloodiest day in last 8 months for cryptocurrencies.
Short
by HD1184K
4
TRX ignored our last buy zoneIn our last TRX update we said that the next good buying opportunity could be between 354 and 335 but since then we changed it to 315 because of the lack of confluence between horizontal and diagonal support. Unfortunately the market completely ignored this level and it fell right thru it. Even without looking at ADX we can see a clear acceleration of the downtrend and if it continues we will need to draw another channel with steeper trend lines. We failed at 315 and got stopped out but if the prices continues to fall our next candidate for a potential swing low is 220.
by JohnNMex
2