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Tronics

TRX inverted H&SIn the beginning of this year Tron broke up the major downtrendline☝️. Then after this👇 sucessful call... ... TRX formed Inverted Head and Shoulders 🤷 on the daily timeframe and triggered the pattern by breaking the neckline up (zoom in to see the details). Price then fell back down below the neckline and recently broke up once again. I think there is chance for run to 0.08555 and even higher. The yellow uptrendlines could act as a guide. INVALIDATION (SL) : Right Shoulder @ 0.05879 TARGET (TP) : Inverted H&S target projection @ 0.08555 Check my other stuff in related ideas. Please boost🚀, comment🗣️, follow me✒️, enjoy📺! ⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
Long
by bizmark
3
TRON (TRX)/Bitcoin (BTC) All Aboard I've said on my show a hundred times... Tron will shock the market. Against USD Tron has been stellar. Bitcoin not so much. Some of you know in the last several weeks, TRX had it's breakout of it's years-long downtrend. The downtrend line is labeled yellow. This came after a fake-out back in September 2020. Elliot wave analysis: The first 5 sub-wave structure (labeled blue) of larger cycle wave 1 (labeled green) . It looks as though we are currently in the ABC correction wave 2, labeled as red. More specifically we are finishing off wave B before entering wave C. Then on to Wave 3. Wave 3 is typically 1.618 Wave 1. Fib. Analysis: This recent breakout was recently confirmed with a second wick down to the .618. That's a double bounce off the .618. This is a very bullish indicator. Hidden bullish divergence: Labeled as green trend line. Higher low price action, lower low RSI. Strengthening our chart analysis. What to look for short term: Expect the ABC correction to play out, it could bounce again of the yellow trend line at the end of wave C. This would be a perfect opportunity to long, in my opinion. What to look out for long-term: Even when an elliot wave structure looks perfect... I always want wave 3 to be confirmed.. that is, a breakout above the previous high. We don't want any double top action which can confuse investors into panic selling their position. That's why you can take profit at previous high, or wait til the end of wave 3. If you choose not to take profits at wave 3, you can still increase your position by buying the wave 4 dip.... and riding this rocket all the way to wave 5. Remember, elliot waves can be seen on micro and macro scales, each set of 5 waves being part of larger macro wave 1 and so on. Each 3 wave correction all part of a larger macro wave 2 correction etc. Big picture: If you are a hodler or long-term investor... you are in the perfect buying zone. Anything in this price range is going to bring in great returns. We are just beginning a new uptrend after successful breakout.
Long
by NoobTraderTV
17
TRX wave 5 targettricky one to predict with this erratic movement and the imminent appearance of 'testnet' (which is only a 'test' net but you hey-ho, whatever appeals to the masses i suppose). im thinking that fib lines say 650 should be the top but also there is a debate as to whether wave 3 was or wasn't 1.62 of wave 1, reason i feel there is a debate is because if you count the wicks or not you get different outputs (obviously) however one set of results shows it is greater then 1.62, others show it wast... meaning the final push could be either 667 sat or 695 sat. either way anything between 650 and 695 is to be watched closely, knowing the Tronics it could oversell and we might even branch into the 700 sats but be wary of a big drop following, treat this as the test pump before testnet hehe :) note: see the bounce at under 500 sat for this wave 4 correction.
Short
by cooper_5e
3