Tronixbtc
TRX/USDT - a triangle as a continuation of the trend.Reason for the purchase:
* Level breakdown 0.015.
* There was a level test.
* Moving average is directed to the long.
* The triangle is a pattern of trend continuation.
* A stop-loss can be tied to a level.
* I think there should be another push.
If you have your own opinion or thoughts about current market situation, feel free to write it in comment below !
TRON potentially clawing itself up off the ground???After being down in the dirt for so long TRXBTC may be showing bullish signs for a potential reversal!
Slowly but surely TRX has been building an upwards channel which is now looking like it is turning into a higher TF ascending triangle pattern.
IDEAL bull entries would be break of triangle before re-testing to confirm support at 200SAT level. If strong support is shown will be looking
at candlestick formations to enter off bullish engulfing candles on 4HR TF.
Short term play is also possible if Darvis box is formed for internal trend trading.
TP's once triangle is broken, we would be looking at previous structure, TP's at 215, 226, 235 with final TP at 260 for full retracement.
If full retracement occurs, cup & handle formation may be a possibility for longer term bullish play.
LEARN TA! At MBA we teach technical analysis from the basics up, learn to trade with our veteran traders with a community of 200+ other traders;
Link in profile description!
TRXBTC: Long PositionOn the daily timeframe, it floats near support, the situation is similar to XRPBTC : long here is less risky and looks more reasonable. Stop could be tight.
But need to keep in mind (always) overall market conditions because it could change everything.
Information is just for educational purposes, never financial advice. Always do your own research.
TRON/Bitcoin (21 May) #TRX $TRX #BTC $BTC#BUY
At first, TRX brought us a lot of profit in previous signal. TRX is forming a reverse H&S formation. And this shows the possibility of rapid price increase in the coming time
Buyzone : Buy as close to 340-345 as possible
Recommend Sellzone : 400-460
Stoploss if price is lower than 335 and consider buying back around 305-310
TRX will make you rich soon! within the next 3-6 months!!!! From a grand prospective, TRX 1.59% is in 3rd wave (often the longest and never the shortest out of the 3 motive waves which are 1,3 and 5 | 2&4 are corrective waves) When it reached 10 cents people (including myself) were calling it wave 1 of wave 3 grand super cycle. It is clear that the 10 cent mark was B wave and we finally bottomed at around 1.7 cents. We are entering GRAND wave 3 now! Hold on for the volatile ride because we are going up from here!! Obviously we will have corrections during this ride but for the most part, it is heading upward! See you on the moon!
#TRON Im getting my long position - I think the bottom is nearlyHi everyone :)
It's been a while since I traded TRON now last time, and I see again now the possibility of a long trade, this time I take a position with 20x leverange.
What I see is that TRON now moves to take a breakout of the falling wegde hopefully, and that's something it must do now as it's soon finished the wegde I therefore believe in a long position here, since most news around TRON lately has been fundamentally good, removed from the hype.
20bb shows signs of bullishness inside the 200bb, and i also think we are very close to the bottom from this long downtrend and its time to get some buyers into trx again.
EasyX Community:
-We are a small Community who help each other as good as possible, but especially the most recent ones who need to learn from someone who has already learned.
-Want to learn more about Technical Analysis and to become a better trader?
-We believe in sharing knowledge and learning from each other is the strength of success.
-Gladly join the Discord Community and participate to trade with us - You are welcome :) - discord.gg -
Tron (TRX) is Ripe for a Bull-RunAccording to the 'Weekly' chart of Tron (TRX), using the TD-Sequential system, we are on a red '9' of '9', which means a correction or reversal is more than likely about to occur after the closing this current '9' candle.
With the launch of Tron's Mainnet, its my belief that a bull-run is around the corner.
I'm not a financial advisor, but I'm long on Tron.
Good luck if you enter this trade!