TRON CLEAN TECHNICAL ANALYSIS CURRENTLooking attain here on the 1hr time frame we can see price has come up to a all time high area coming from a previous impulsive leg to this level where price rejected from 0.18.
Currently price has tripled down the the 2.618 fib level where support is being tested, price has got to this level in toe from of a descending channel (squeeze), price has made clean touched within the trend lines confirming the pattern.
Anticipating fro price to possibly make a push to the downside one more time to the 0.119 level where a second touch of the descending channel and the outer structure will meet at the signifiant 2.618 fib support.
There is a high probability that price will reject this level and make a push to the upside once again reaching the 0.16 level, then looking for price to create support at the 2.618 level before continuing higher
Tronlong
TRX, natural behaviourHi, guys, we are totally optimistic and long on TRX, but in short term, it has some phases of disappointment to frighten the public, losing their assets. however, totally TRX doesn't really move fast like others.
you can save a 20% drop out of the next trades. based on what you can read on the chart.
like and follow for more analysis.
TRON will go up but slowlyHi guys, TRON is fundamentally fragile lately, but don't believe the news.. it's powerful and will struggle but eventually win to go up..
unfortunately, as it goes higher, it gets less and less tradable.
be mindful about bitcoin not to fall, cuz trx is a bit sensitive to btc moves.
Analysis TRXUSDPurchase range: 0.0256
Targets: 0.0259- 0.0262- 0.0265
Stop loss The first goal: the profit to loss ratio is 1: 1 (0.0253)
If the first target is touched (close one third of trades)
Stop Losses Second and Third Objectives: 0.0256(Entry Range)
, If the second target is touched (close another third of trades)
And if the third target is touched (close the deal)
😯 Tron Taking On Multi-Year Resistance. (TRX)✌Tron was valued all time high around 23 cents and currently sits at 1.6 cents.
This setup from a far could be a massive bull pennant setup.
This will be the 4th time we attack this downward Resistance to see if we can finally get a breakout on tron.
Justin sun the founder of trx has his hands in a lot of areas in the cryptocurrency market and has established a massive following. This coin is known to be a strong competitor to the top dog ethereum.
Could be a nice setup for a long term play, stay sharp! 💰💰💰
Best of luck, 🎲🎲
🥇MLT | MAJOR LEAGUE TRADER
TRON TRX long & next target 0.04413 - be ready!Tron is getting support with the Daily MA 150 and 200… We should relax and take a little sangria. We should only start to worry if Tron break under those Moving average and make a new lower low but it's not the case since november 18. If TRX break down those MA we have our trend line and many great support zone under, the 1st one is at 0.2511. Please note that TRX 4 hours MACD is slowly turning green. Don’t forget TRON has not made a new lower low since november 2018 and is currently in an uptrend. Target for next wave would be 0.04413
*Disclaimer: The content covered in this postis NOT to be considered as investment advice. I’m NOT a financial adviser. These are only my own personal opinions, ideas, speculative hypotheses, charts, technical analysis (TA), insights, curated news publications and price prediction(s). I’ll never tell you what to do with your capital, trades or investments. I’ll also never recommend for you to buy or sell any asset. Always do your own research and only invest solely based on your own findings and personal judgement. Trading and/or investing in Bitcoin (BTC), Ethereum (ETH) or any other type of cryptocurrency, altcoin(s) or asset of any kind is extremely high risk and the market + price of any asset can crash or rise unpredictably at any time! Cryptos are incredibly volatile! You should always consult with a professional/licensed financial adviser before trading or investing in any asset/commodity/etc.
TRON TRX ride inter Wave 3 inside Main wave 3 - Very bullish Tron is now in intermediate wave 3 inside Main 3 it's why we must expect some fireworks here soon.
The intermediate 3 in blue had already broken the 175% fib which mean next targets for TRON are :
0.04336 = 200% fib
0.0500 = 261.8% fib expected target
0.05663 = 323.6% fib
0.06074 = 361.8% fib expected target
0.07146 = 461.8% fib
Main wave 3 should find minimum summit at 0.05824... investors or swing traders must be patient on this one.