TRON - ROCKET READY?Let me know your thoughts!
TRON was one of the best-performing coins of 2017 and has since dropped a considerable amount since then -
Currently, TRX has broken out of a pennant it has been in since the newly found all-time high - while finding support on the new up trend line although briefly breaking below yesterday.
If TRX can break above a strong resistance zone between $0.033 and $0.040 we could potentially see quite a large increase.
short term target
$0.055
long term target
$0.10
stop-loss
$0.027
''Buy Big Sell BIGGER'' - MegaWhale
Tronusd
$TRXUSD - Dump it if no money injection in TronHello everyone!
DOGE pump was a good freaking excuse for project owners to pump their token and make extra $$$ dumping it liquidating so many longs.
Tron is the No.1 project whose owners always did that, alongside with some others like XRP and XTZ - lesser in recent months.
I kindly ask you to trade it with caution, as Doge pumps again, TRXUSD may go up but always monitor the price action and always lift your stop loss levels, to close in profit or at least with 0.
On the other hand, this token deserves to get dumped down to $0.2850.
Aforesaid is only my opinion based on my knowledge and experience.
Sorry Tron lovers!
Chart Pattern Inconsistencies TRXWithin TRX we can see a bearish rising wedge with an angle of 8 degrees within a falling wedge
also we can see a bullish rising wedge with a less sharp angle
Is this second rising wedge acting as a flag pole for the apparent flag that has formed above the falling wedge?
We will see.
Apart from this, talking about Tron, I see some potential as I was once a hodler, so I must of seen something pure about the coin in my past. Potential Ethereum competitor imo.
Three bullish reversal moves flashedBig wedge and Ichimoku cloud:
If we take a look at the long-term monthly chart, then TRX with Bitcoin pair is moving in a falling wedge pattern and still has more capacity to move more down against BTC to hit the support of this big Wedge.
But on the weekly chart, the Ichimoku cloud has changed from bearish to bullish. Now it is easy for the priceline to cross up this bullish cloud at any time. This indicates that this time the price action of Tron may not move down to hit the support of wedge on the monthly chart, as mentioned earlier.
Different support and resistance level:
Now if we take a look at the different long-term support and resistance levels in TRX with USD pair, the price action has been rejected by the $0.04 resistance then for some time moved above the $0.03 support but unfortunately, this support could not be retained and now the priceline is moving between $0.025 to $0.03 support and resistance levels.
Bull Flag:
On the weekly chart, the price action has also formed a big bull flag and also formed a symmetrical triangle. There is also a 25 simple moving average support below the support of this triangle.
Big Cup & Handle:
In the same TRX with US Dollar pair, on the long-term monthly chart, the price action of Tron has formed a big bullish reversal Cup & Handle pattern. There is also an exponential moving average 21 support at the support of handle.
Bullish BAT move:
While the price action has formed two bullish reversal moves (Bull Flag and Cup & Handle), it has also formed another bullish reversal harmonic BAT move on the 2-day chart and entered in the potential reversal zone of this pattern.
Conclusion:
The TRX coin has formed the bullish reversal BAT pattern at the right time when the price action has also completed bullish reversal moves on bigger time frames. Therefore now the TRX can start a long term rally at any time.
For exact buy and sell targets for this trade, and other harmonic trading signals you can join:
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TRX formed bullish BAT for upto 27% rallyHi friends, hope you are well and welcome to the new update on Tron.
On the 2-day time period chart, the price action of the TRX has completed the final leg of bullish BAT and entered the potential reversal zone. There is also 100 simple moving average support below the potential reversal zone area.
Possible profit and loss ratio:
This trade has a profit possibility of 27.5% and the loss possibility is only 4%
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with the trade.
For exact buy and sell targets for this trade, and other harmonic trading signals you can join:
www.patreon.com
TRXUSDT 1D-TIMEFRAME ANALYSIS✨TRXUSDT 1D-TIMEFRAME ANALYSIS✨
Hello ladies and gentlemen
This is my new idea for the TRON BLOCKCHAIN
My idea is that the pair will go higher
Breakthrough the R1 is key
The first target is 0.10 Dollar
I hope my idea is clear
Support me by like and share
Stay Safe💯
Good luck💰
TRX/USDT - Potential 68% setupHello, traders
Tron has entered the main trading range of $0.02775-0.03225
The project does not lag behind Defi hype and prepares its releases. Potential growth from the current price could be 68%
At the moment the price is being held before the exit level of $ 0.03225, so the entrance can be divided into two parts:
1) the first part in the $0.02900-0.03100 range
2) the second part in the range of $0.03225-$0.03345 after the price passes the level of $0.03225
We can place SL: at $0.02664
Target price levels would be:
$0.03575
$0.03955
$0.04400
$0.05000
Good luck and watch out for the market.
P.S. This is not a piece of financial advice but only trade I would be following myself
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.
TRON - Running into trouble? 😿Starts to smell like Ripple, unfortunately. It is clearly failing to fly and a third attempt to test the support is now highly likely to happen.
I am out of Tron for now until either a rise happens next and it gains some momentum or the support is checked and confirmed for a new flight.
Why does it smell like Ripple?
Well first Tron has some marketing/bonus things going on (can;t bother to look for too much detail but it sounds cheesy)
and now this news:
'Tron and BitTorrent drop by approximately 10% as Justin Sun, the Tron crypto-founder, addresses rumors about regulatory proceedings from China and the US'.
In other words: I'm out for now, see you and buy you a bit later Tron 👋💁♂️
TRXUSDT (Waiting for the Resistance Breakout) #TRXUSDT Technical Analysis Update
Resistance Breakout
TRX/USDT currently trading at $0.0278
LONG ENTRY level: Above 0.02800 (only enter long if 4 h candle closes above 0.0280)
STOP LOSS: below 0.0263
Target 1: $0.0300
Target 2 :$0.0321
Max leverage: 3X
ALWAYS KEEP STOP LOSS...
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Weekly Bullish Watchlist 2Potential continuation patterns:
Ethereum Classic,
ARPA Chain,
DASH,
TRON.
We are not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature,
and are therefore are unqualified to give investment recommendations.
Always do your own research and consult with a licensed investment professional before investing.
This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
TRXUSDT(Resistance line Breakout)#TRXUSDT Technical Analysis Update
Resistance line Breakout
TRX/USDT currently trading at $0.0295
LONG ENTRY Level: 0.02895 to 0.02950
STOP LOSS: below $0.02800
Resistance level 1 (Target 1) :$0.03100
Resistance level 2 (Target 2): $0.031200
Resistance Level 3(Target 3): $0.03430
Max Leverage: 3X
ALWAYS KEEP STOP LOSS...
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TRXUSDT - Break out trend linePreconditions:
- Global trend up
- Local trend up
- Pressure key level
You will learn the best place where we can trade this instrument at low risk.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade