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Tronbtc

Tron Attempts to Break Free from Downtrend.Hey, I am back with another Technical Analysis, this time looking again at Tron . Tron had a lot of controversy in the past, but the creator really believes in the Tron with the whole China being excited for tron, at 31. May is Tron releasing they Main net, which can lead to a pump or a dump. That was in short about Tron, lets continue to chart. Clear downtrend line can be seen, this Downtrend line represent strong ressistance. There are few stronger ressistances, but tons of small that I havent drawn because it would be way confusing. Tron was holding at its strong demand zone, but due to bitcoin breakdown, Tron was having really hard time keep it together and stay that high. Currently this zone represent strong ressistance. What do I expect ? There are two ways how I see this situation. A - two strong ressistances in front of us, needs huge buy power to break trough. Tron may fall a bit lower to around 800 and break from there. B - I see this happening only if Bitcoin will see another breakdown. Tron retesting support area around 750 and bouncing upwards. Taking look at Indicators. MACD - Impulsive buys, gives strong buy signal, steep curve. RSI - needs to bounce off 51 and stay above this level to stay bullish. So I think thats about it.. If you have any Questions feel free to ask me down bellow or at my discord channel! Hope I made your view on whats going on with Tron somehow clearer. If you like this TA let me know in the comments, Likes are aprreciated, Thanks ! If this gets a little bit of attention, I will update!
by TiborVrbovsky
7
There is a possibility for the beginning of uptrend in TRXBTC .Technical analysis: TRON/BITCOIN is in a range bound and the beginning of uptrend is expected. The price is below the 21-Day WEMA which acts as a dynamic resistance. The RSI is at 48. Trading suggestion: The price is in a range bound, but we forecast the uptrend would begin. There is a possibility of temporary retracement to suggested support zone (0.0000069 to 0.0000058). if so, traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets. Beginning of entry zone (0.0000069 ) Ending of entry zone (0.0000058) Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" , in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons: Take Profits: TP1= @ 0.0000085 TP2= @ 0.0000108 TP3= @ 0.0000148 TP4= @ 0.0000204 TP5= Free
Long
by ForecastCity
There is a possibility for the beginning of uptrend in TRXBTC .Technical analysis: TRON/BITCOIN is in a range bound and the beginning of uptrend is expected. The price is below the 21-Day WEMA which acts as a dynamic resistance. The RSI is at 48. Trading suggestion: The price is in a range bound, but we forecast the uptrend would begin. There is a possibility of temporary retracement to suggested support zone (0.0000069 to 0.0000058). if so, traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets. Beginning of entry zone (0.0000069 ) Ending of entry zone (0.0000058) Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" , in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons: Take Profits: TP1= @ 0.0000085 TP2= @ 0.0000108 TP3= @ 0.0000148 TP4= @ 0.0000204 TP5= Free
Long
by ForecastCity
There is a possibility for the beginning of uptrend in TRXBTC .Technical analysis: TRON/BITCOIN is in a range bound and the beginning of uptrend is expected. The price is below the 21-Day WEMA which acts as a dynamic resistance. The RSI is at 48. Trading suggestion: The price is in a range bound, but we forecast the uptrend would begin. There is a possibility of temporary retracement to suggested support zone (0.0000069 to 0.0000058). if so, traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets. Beginning of entry zone (0.0000069 ) Ending of entry zone (0.0000058) Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" , in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons: Take Profits: TP1= @ 0.0000085 TP2= @ 0.0000108 TP3= @ 0.0000148 TP4= @ 0.0000204 TP5= Free
Long
by ForecastCity
7
#TRX Will the support hodl and go to moon? Hi friends We are now ready, MACD is ready AND RSI says we will not be bearish so far! Hope everyone who followed my last chart has got an good entry they are happy with when we now choose direction of trx soon. -We now see clear signs of the sales pressure on MACD begins to dump out on the 12-hour chart, i think this is the last push from the bearish side. -RSI in 12 hours: Will not fall below the bearish limit 51. I now expect more buying pressure -RSI in 1 day: Has fallen slightly below the trendline, but is still at 62, this should turn now within 58 if we get enough volume in the next few days. *Trx must soon decide for direction as we have soon used up the whole triangle, I have also drawn with another scenario I see can happen. KEEP SAFETY BELTS ON
Long
by Porshy
9
Updated TRX Count and Aggressive plan for MainnetAdjusting the count here and attempting to get better targets. Going to play TRX a little more aggressively but not foolishly. The Targets Target 1 will cover a bearish double top on wave 5 Target 2 will cover a .786 Extension of Waves 1-3 Target 3 will cover a 1:1 Extension of Waves 1-3 Target 4 will cover a 1.618 Extension of Waves 1-3 Word of warning Although I am usually a lot more cautious and only target the .786 extension of waves 1-3 it would be foolish to discount a run up for mainnet release. Will be minimizing risk by taking profits at each target The Count Not a big fan of the primary wave 2 ABC correction as labeled on this chart but does line up perfectly with wave 3 reaching just above a 1.618 extension. Retracement outside the buyzone will require new counts but is unlikely to invalidate the count unless 680 is crossed.
by Murdiuss
TRXBTC How far will we retrace till we ready for wave 5 ?Today i'll share my personal trx/btc TA. made me a good profit prev.month now we are retracing to set up for wave 5. I almost never play the 0,236 fib lvl so my orders are not completely filled A red line is where i look to lock in some profits. Green lines is where i look to buy back in. Blue horizontal lines are support/resistances T1 : Target 1 T2 : Target 2 sw : Subwave Prw : Primal wave So T1 sw3 = target 1 of subwave3 Targets for wave 5 depends on how far we retrace in wave 4. if you guys are interested i'll update this when the subwave's appear to lock in on the end target for wave 5 Remember guys , i'm no master of charts , professor , ta god ... i'm just a (educated) stoner with some free time. It's definitely no financial advise just the way i see things. :) Don't forget to follow or like when i made you some money or be nice and send me a token of appreciation :D Always keep a close eye on bitcoin when trading alt's . Btc floats all boats . This on the side TRX main-net launch will be in a month so i don't see a wave failure happening anytime soon.
Long
by KingSizedSmoker