Tronbtc
Alternate count where this is ABC correctionIf this is ABC correction and not a 1-2 move it doesnt really matter to me because algorithmically we are not going to breach prior low formed from A wave. The 618 to .5 level held for days because many Like myself thought it was an impulse wave rather than a B wave. If it goes lower than buy more to average down. Next move up 100 percent bare minimum
Completed Wave 5 Awaiting the ABC Correction Before Our Next RunI previously published a chart that Tron TRX was on Elliott Wave (12345) that has hit it's target. See Chart below.
We have now added our Elliott Correctional Wave (ABC). Once we drew the Fib Retracement Line we could see the target zones that we feel we will hit. As the price of bitcoin is on the rise at the moment we don't expect such a big correction.
Tron 2nd wave of 3rd wave (correction) finally finished?As we can see tron $trx was finding major support along the 0.618 fib line and as soon as it dropped below it the bulls suddenly pushed it back over the 0.618 fib line. This in which has resulted in the end of the 2nd wave and the rise we now see is the start of wave 3
TRON Breakout PointBreakout Point imminent.
560 ~ and things will go wild.
Do your own analysis before trading. :)
Will Tron TRX Hit The 0.5 On The Fib Line?If I draw a Fib Retracement chart from the swing long to the swing high from our last major bull run, we see that the 0.5 Fib level is coming up.
I believe we will test this line in the near future, if we break this line then you will see Tron go on a bull run.
Wave 3 targetWave 3 of 3 could be massively extended and will be watching rsi and macd histo closely for confirmation to get out
TRON/BTCAn analysis for TRON on request by one of my followers following main net launch on May 31st.
We broke the (black) downtrend on 20th March and had a nice upward movement afterwards.
Subsequently the (red) uptrend was broken and we bounced on major (blue) horizontal support which gave us a higher low and a new (blue) uptrend.
Don't chase the market, know what you want to see, wait and let the market come to you.
So what do I want to see before opening a trade?
We have take into account these possible situations:
1) We go straight up to (red) resistance and 0.382 Fib (light green) --> no position taken (red arrows)
2) 12H candle closes under 0.236 Fib (red) and we break the (blue) trend line --> no position taken (red arrows)
3) 12H candle closes under 0.236 Fib and we retest the (blue) trend line. In that case we look for a reversal candle that indicates a bounce on the trend line and the continuation of the upward movement --> Long position taken (green arrows) with stop loss under blue trend line and 0.236/0.382/0.5 Fibs as Profit
Now we do the 'fun' part, we wait.
Tron to the MOON!Recently learned a tiny bit of Elliot Wave theory, as well as Fibonacci retracements.
If this MACD buy signal isn't a fakeout, we may have liftoff.
DISCLAIMER: I hold a very full bag of Tron
TRON 4 hour targets Hi guys
As far as TRON is concerned I have the following targets set out in my mind. Ignore the time frame on the bottom but I see potential for the following count.
Tron ready for take off to wave 3 of 3?Tron has been finding solid support on different indicators and trends I believe the correction wave 2 is just about finished and we're about to rise to the next resistance level at around 670 satoshis and breakthrough it up to 760 - 890 depending on the increase on volume and the FOMO'ers not wanting to miss out.
This is not trading advice I publish these charts for fun and to to improve my charting hoping for some feed back :)
TRON (TRX) On Binance On a Bull Run? - LThis is a low risk trade if you can hold it.
Chart is self explanatory.
We anticipate a potential bull run to begin within few weeks.
Invest only what you can afford to lose or you're going right back to poverty on drop. We are not your financial advisors.
TRX correcting, then back to business after successful Test Net!We saw a pretty classic 1-5 Elliot Wave pattern at the breakout point. Followed by a possible ABC correction. The 4 hour MacD doesn't look ready to yet for a big buy pattern, but the one hour chart is getting close to that point. I don't think we'll see the C wave extend much further, but we could see some sideways action for a bit, as lots of people are selling for profits from the big climb. After the C wave is in, we'll hopefully start another impulse. But let's see what happens in the next day or so.
Some important information on Test Net launch if anyone missed it:
Test Net launch was a success, and is live. Realistically, this shouldn't impact the price much, as some people expected. Although, it is a great indicator for TRX that they now have an actual product, that was delivered exactly when they said it would be. Building trust from the growing TRX team is huge, and Justin has showed that he takes deadlines very seriously. This has me even more bullish about Tron for the long-term. As the platform expands, and there are actual use cases for it, we should see steady growth.
TRXBTC - EMA´s crossedHi again !
Today I like to share my new current idea for Tron , at 1 hour candles.
It´s same at higher timeframes, but for better refreshing I used 1h.
I paying attention to FIBO levels 618 and 0.5 , where sits actual support and resistance zone.
If we brake above , It can be signal for more uptrend. Also EMA 50&20 were crossed.
But maybe it was only "pump" effect because of listed at UPBIT. It´s very likely...
Maybe , I will be finally surprised & TRON really jump to 884 level ( circa 0.06$ ), as I was today : )
A lot of coins falling, so maybe some trader take out profits and will move to Tronix.
But yes, whole market falling yet and probably most of trader will sell at 5 cents again.
We need more BTC dominace ( 55-60% ) and bigger market cap !
I hope, TRX will hit 884 to the Mainnet launch May 31th.
For now, I will tracking next TRX moves. Friday and weekend could by very interesting ...
Tip:
I edit and set up RSI up and lower line to 90 and 25.
It´s better to edit and make it fit to every crypto chart for beter view .
That´s all from me and if you agree, please leave a like .
Mario Emvo.
*This is not a financial advice.
We are wrapping up wave 2!! Potential big boy coming.The sell zone is really up to about 1540 for me but conservatively will be watching the 1618 level closely. We will see where we are going after wave 3 done. Wave 4 should retrace normal due to wave 2 retracing to golden pocket if finished now exactly 618 at 434. and 1618 of wave A. Mid april Until we hit wave 4 which ill be out on pending BTC movement. Everyone should be watching BTC obviously however we have a good technically sound wave 1 and 2
TRX - Continuation of the bullsTron is on the rise. It is breaking out as I am typing this. The last bull run retraced to .382 level and has not broken out from the downtrend. After finishing its correction with the ABC series, Tron is now once again heading up. My target price for Tron is 900sats for this runup and if Bitcoin behaves without rising or dropping too fast then perhaps we can smash through the 900 sats and head towards the next fib sequence of 1.25k sats!
This is not investment advice, this is just my take on TRX. Happy investing all.
TRON : Another anatomy of a scam coinHi traders,
This is now getting hilarious.
Here is a perfect exemple of a fraudulent pump and dump scheme. Welcome to the unregulated markets wild west.
Same thing is happening to Verge, and this pump and dump happened with Ardor as well.
Looks like a typical success from some whales to steal the average person's money as long as they can in this crashing market...
TRX/BTC will pop a bitProfit Target:
0.00000455
0.00000466
0.00000475
Stop loss:
0.00000430
Have a nice day
Berk
TRXBTC : expecting bull run I have been asked to do a TRON Technical Analysis. IMO its the right time to accumulate some TRX might go down as low as 400 SATS. The lines green and yellow lines are TREND LINE support and resistance plus i combined FIBONACCI levels for the people who prefer fib levels for Support and Resistance.
1. RSI is at 38 and moving up.
2. Ichimoku Cloud is bullish
3. Volume picking up
4. Big news coming soon
5. expecting 10-15% in coming few days
6. TK crossover bullish
Please hit "LIKE" to support!
Thanks
Basics of ICHIMOKU Trading system :
There are five calculations used to generate the Ichimoku Cloud:
Tenkan-sen = (9-day high + 9-day low) / 2
Kijun-sen = (26-day high + 26-day low) / 2
Senkou Span A = (Tenkan-sen + Kijun-sen) / 2
Senkou Span B = (52-day high + 52-day low) / 2
Chikou Span = Close plotted 26-days in the past.
Read more: Ichimoku Cloud www.investopedia.com
Update TRON / BTCCurrently in the green on this trade.
Will move stop loss to break even when first take profit is hit.
finishing 5-3-5 now wave 3 coming. 400 than BOOMPretty cut and dry we are going to 400 and than we bounce. I am watching closely to see the bounce!!!
