Get started

Tronbtc

Update: TRON - where will it go next, can the support hold?This is an update of my analysis linked below. As can be seen from the chart, Tron fell through the 23.6% support and is now clinging to the 50 EMA. I wanted Tron to move above the Pink line which is the upper apex of the descending triangle, but it looks like it has some difficulties. The main observation from this update is that Tron now seems to be heading for the 4h Ichimoku cloud for the area where it is thinnest (circled in red), if it fall through here the chances that Tron can move out of the descending triangle might become even smaller. I would wait with buying Tron until it is clear if it can make the move up (see prior post linked below). This is just a study of Tron, don't use a financial advice.
by epitome
TRON - where will it go next, can the support hold?Welcome to my analysis on Tron. As can be seen from my prior posts, I am a fan of the project and would love to see it go up, but that is not relevant here. I added my comments within the graph for easy reading. We can see that Tron has formed a descending Triangle together with the red support line. The same Descending Triangle can be spotted in the volume. The blue trend line originates at the start of the rally (around December 12, 2017) and runs through the all-time low (after the rally) of January 16. The blue trend line was broken shortly after the 50 EMA lost to the 200 EMA. After Tron fell through the trend line on February 1, we can see that, together with the 0.382 fib level, it became upside resistance through which Tron could not consistently break through two days ago. After it hit its head on the trend line it fell right down and is clinging for support on the 0.236 fib level. The red support has proven hold numerous times but in order for it to remain strong we need the descending triangle to be broken to the upside after which ideally we would like the 50 EMA to surpass the 200 EMA AND the blue trend-line AND 0.382 fib level. These are ALL major resistances. I would already be happy to see Tron just break the Descending Triangle in order to invalidate it. If Tron manages to break all resistances mentioned above and further could pierce through the 0.5 fib level we might just witness the revival of a new uptrend. This is just a study of Tron, do not use as financial advice.
by epitome
1
Update 3: TRON - too much resistance?This is another follow up update on Tron. For prior analysis please see links below. As we can see from the chart, Tron tried to break out from my descending triangle 2 times in a row but was stopped right there. It broke 2 times through the 50 EMA though and is currently trading above it. The reason it is difficult to break out of the descending triangle is that it coincides with some other resistance levels such as the 50 EMA, the 200 EMA, and the 23.6% fib retrace level. I would like to Tron move out (NORTH!) of the descending triangle and out of it's sideways movement. It might move out of the descending triangle, but volume is also decreasing at the same rate as the triangle (see volume at the bottom of chart) so we might have to wait some time to witness some positive action. The following is not financial advice: For now, if you own Tron and have not sold by now I would hold it, nothing much we can do at this point. If you look to get in on Tron, I would wait for a confirmed* breakout or buy when it stabilizes in the - in my opinion - less likely event the red support does not hold. Remember, the red support has not been broken yet! *confirmed breakout: "As mentioned in my original post we need the descending triangle to be broken to the upside after which ideally we would like the 50 EMA to surpass the 200 EMA AND and Tron 3.65% to surpass the blue trend-line AND 0.382 fib level." - ALSO at this point we need to move above the 50% fib retracement. This is a study of Tron and should not be used as financial advice.
by epitome
4
trx price analysis (tron price analysis)hey friends trx is forming falling wedge and it have a good chances for breakout don't buy now wait for breakout I have circled their buying volume is increased and it may breakout soon wait and watch for breakout it needs to breakout with good volume we can see that cmf showing negative it needs to form upside which shows trend and volatility with good volume so wait breakout soon buy after breakout good luck , keep earning, good bless you.
by Sunny_Sharma
TRX/BTC Buy Opportunity, Please Read firstYesterday we gave TRX holders the chance to sell and buy back cheaper. Today we are looking to buy this pair and make a quick profit on the 60 Minute chart. TRX/BTC has been falling for some time and has recently put in a Higher High (Circled in Red HH), and potentially a Higher Low (Circled in Red HL). We are seeing price pulling back from the high and bouncing off 0.00000476 support and the 20ema on the 60 minute chart. If the current bar closes above the resistance at 0.00000491, I will buy the top of the bar and go long. ENTRY: above this bar if closes above 0.00000491 Stop Loss: 0.00000470 Target 1: The 200ema. Trail Stop Loss up For you to make Dollars your decisions need to make sense. This is a 60 minute chart trade. These trades are high risk, high reward. Please check this trade is right for you.
by DollarsAndSense
2
Tron (TRX) Update 4 Beginners (When Will Tron Go Up?)When I saw Tron (TRX) on Binance going up yesterday, I wanted to post an update to suggest caution. As Tron is part of the cryptocurrency markets and the market is going through a huge correction. I know that many of the Tron traders are beginners, as Tron was only available on Binance first and Binance took the job of taking in all beginners crypto traders. That's great, we love you, everybody is welcome to trade crypcoturrencies, "The Stock Market for the People" and opportunity for everybody. But there are a few things that are important to know about when trading in these markets. One common mistakes we beginners make is to take any "pump" (an increase in price) and live by it. As soon as there is some movement that supports our thinking, desires or expectations, we tend to go all-in into it, which can later come at a huge price. I am sure this is happening for many of the new Tron traders. Here is an update just for you. Tron (TRX) needs to retrace longer before starting a new bull run. Tron top was reached on the 5th January 2018. After we reach a top, we normally go on a retrace. We know that the cryptocurrency markets are fast, but they are fast compared to traditional markets like the stock market. For a retrace to be completed we need at least several months, that's fast because stocks can take years to complete a retrace / correction. When the top was reached, I received hundreds of messages afterwards asking to review Tron as a new run was starting... I kept on saying "We just reached a top recently, what follows is a retrace, please allow this coin some time before we can visit again". Over a month later and Tron is still retracing. Just like Bitcoin and the rest of the market, this retrace isn't over. Look at the chart above for possible support levels. If one support level is broken we visit the next one. The 380 satoshis (0.00000380 btc) support level has been holding strong. The indicators are bearish, the chart is bearish, we seem to be on a consolidation stage with bearish tendencies (which means that it can go sideways but breakdown at any given time). So here comes my suggestion for you: If you want to trade Tron, wait a bit longer, watch from the sidelines and buy-in when we reach the bottom. When the bottom is reached you will see many signals confirming just that. When a new trend is formed, you will also have many signals. You can check here on Trading View and you will have many updates... For now, stay away from this coin, it is going down some more. Namaste.
Education
by AlanSantana
77
TRX TRON #TRX CLOSEUP LOOKS VERY SIMILAR TO THE BIG PICTUREI BELIEVE THIS IS MORE OF A 1 AND 2.... JUST LOOKING AT THE INVERTED HEAD AND SHOULDERS COMPLETING THE MOVE RIGHT AFTER THAT WAS A NICE LITTLE BREAKOUT UP 40 PERCENT..... THIS NEXT WAVE SHOULD STOP 5 PERCENT ABOVE ABC CORRECTION AS INDICATED IN OTHER TRXBTC POSTS WE SHOULD BE SIDEWAY FOR A COUPLE MORE WEEKS OF ACCUMULATION TIME. THAN TO NEXT STOP ON THE ROAD TO 75 CENTS IN 7 MONTHS..... ID JUST ACCUMULATE. BOLLINGERS ARE TIGHTENING AND PRICE ACTION ON BOTTOM WE ONLY CAN GO UP BUT MIGHT SEE SOME SIDEWAYS ACTION BETWEEN THE FIBONACCI LINES
Long
by savenido
$TRX plotting towards its breakout if his ma (BTC) gives permissCommon knowledge is ALTS price action is based of BTC and what it does. So knowing this if BTC keeps testing the 8K mark and stays stable we should see this trade come to fruition. When BTC is stable = ALTS stable. BTC down = ALTS up Fundamental sky is looking calm, stable with nothing *known* coming up to shake shit up. TRX is coming towards a breakout point seen in green gunshot. Green trendline is based from waaaay back. Strong.
Long
by sombtcbarron
2
TRON TRX Long Term 1000% Potential (HIGH RISK)Tron has phenomenal potential of reaching ATH before summer, however you should be aware that while we are in accumulation stage, we may see drops which may be damaging to those investors who have twitchy fingers and short term investors. We personally will be holding, however you should know that we only hold between 10% - 25% of TRON in our portfolio. Please understand that this is a HIGH RISK - HIGH REWARD trade scenario. We do not recommend investing too much into TRON if you're a short term - medium term holder/trader. With that said, TRON has huge potential of bouncing off any of the 4 supports we have highlighted on chart, especially if TRON foundation releases positive news. IF YOU'RE NOT FOLLOWING US, YOU WILL NOT RECEIVE UPDATE NOTIFICATIONS NEVER INVEST WHAT YOU CANNOT AFFORD TO LOSE. WE ARE NOT YOUR FINANCIAL ADVISORS.
Long
by CryptoManiac101
1
TRX/BTC, Looks Like a Price Action Upwards is Ahead.Hey! I am back with yet another chart. This time again on Tron, last chart looked pretty green followed by BTC fall, so now is in the RED way. On this chart you can see a lot of lines and text.. obviously, but no all the red lines are support/ressist lines. The lines are points where price should stop for a while went some % down, and if got some good Volume can follow its path higher. Buy - 410 sat, wait for a MACD confirmation. My target - Around 666, when it will be in this Range I will check RSI and MACD, Fib says its ok target! Gamble Target - 880 sat (Not recommended) Descending Triangle can end up going both ways, up or down. Thats why I have a stop loss. Stop loss - 370 sat. So what more to say, I guess everything important is in the Text in the chart. One last thing, Good luck trading! If my Chart helped you consider dropping a like or leave me your opinion, Thanks!
by TiborVrbovsky
5