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Tronix

Tron TRX Update - She's about to 'splode. Enjoy.Good afternoon ladies and gents. I just wanted to give you an update on what I think will happen with Trx/btc over the next couple of weeks. Wave 3 hit the 1.618 extension mark and Wave 4 retraced to the golden ratio at .618. This is ideal. Preferred extension shows interest and preferred accumulation shows strength and confidence. TRX/BTC has decided that she wants to absolutely explode. And by explode, I mean if you're a bag holder you're going to be nutting home some serious dough. Currently TRX/BTC is trading within an ascending triangle on the 1 hour chart as well as a larger ascending triangle on the 4 hour chart As far as indicators are concerned, The MACD is setting up very nicely on the 4 hour chart which just now crossed back over, and a new uptrend has been established on the RSI. As soon as RSI picks up to the 60-70 level, look out. We can also see an ascending triangle form on the RSI as well which is a great sign. All things considered, and with a little FA thrown in here with the mainnet launch on May 31st, this has the set up to make a lot of people a lot of money. globalcoinreport.com I expect Wave 5 to hit 2.618 Extension levels easily. However, this could easily trend up or down depending on the health of the overall BTC market and the effect the mainnet launch has on the coin. If this is an analysis you appreciate, feel free to upvote and like as many times as you wish! I appreciate your support.
Long
by alexghs07
9
TRX/USDTRX may not break straight out into a wave 3, it could take longer depending on the market, my lines do not show in anyway how this will occur as I have not went into a smaller time frame to count subwaves - it's just an example! If a breakout does occur then your targets are the 1.618, 2.618 or 4.272 regions. As stated, be careful when buying the breakout for bearish divergences on a 1-4hour time frame as it could be a shorter term bull trap which may lead to buyers remorse!
BINANCE:TRXUSDLong
by thekevin
Tron is another leader for todayTron is another leader for today as it adds about seven percent for the past 24 hours. The currency pair started from the support area at $0.063 yesterday and managed to cross the resistance area at $0.068 and the Ichimoku cloud. Tron price has almost reached the next resistance area at $0.074, but bulls were unable to drive TRON/USD there and retreated. Tron is currently testing the support area at $0.063 and the higher border of the Ichimoku cloud with is close to the current levels. The possible scenarios for the currency pair are the following: 1. TRON/USD will jump off this support area at $0.068 and go towards the next resistance area at $0.074. There everything will depend on the results of testing. 2. The currency pair will break through the support line here and start to decline towards the next support area at $0.063. However, bears will have to cross the Ichimoku cloud in order to reach their targets. 3. Tron will stay close to the current levels without significant changes and with low volatility. As for the daily chart, Tron fluctuates inside a horizontal channel, formed by two levels- $0.070 as resistance and $0.055 as a support area. Tron price is not far from the Ichimoku cloud and is likely to meet it in a couple of weeks or even earlier. Check the full crypto analysis HERE
BITFINEX:TRXUSD
by UToday
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
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
TRX - 1 Hour Bearish Pennant I thought we had found the bottom yesterday with the drop to 840 but as you can see on the 1 hour chart we have a clear bearish continuation pennant forming and it should break in the next few hours. The first level of support is at 826. I doubt this will hold, which means we're likely to see a drop to the 762-794 range. I believe this will be the bottom in the current down cycle and we should start a new uptrend as we get closer to possible new partnership news and the switch to mainnet. Short term I'm bearish, long term I'm still very bullish. If we break above 877 that could signal a reversal of the bearish pennant and start a new move up from here.
Short
by jawhite
6
TRON at the Crossroad.Hey, I am back with another Technical analysis this time looking again at TRX . 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. Taking look at the chart. Tron is in a Bearish channel sitting at strong support zone, if support fails Tron will dip lower. Everything other is written on the chart. Taking look at the Indicators. RSI not looking that good, shows low demand, fails to hold bullish, needs to cross key level of 50. MACD is looking good so far, curving.. it will curve if the price will remain at these levels. I think thats about it. 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
TRX... under my imaginationIn my mind.. there was a bear appearing who shows hes shoulders&head... and There was a dream with animals and darks caves... Just what in my imagination appears to be ... two gartley's and one butterfly... which Gartley I appears to be the right one.. BUT..price is fighting against the top of the trend + ema21...and with the support zone have formed a pennant right in the downway.... for last, but not least, MACD is converging and has just crossover saying "more bears are comming".. maybe to reach Gartley II. ... Well, that was my imagination. All comments are welcome. Good Trade -CJ-
BITFINEX:TRXUSDShort
by CristoJaraba
4