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You Should See These Bullish Signals Of Tron (TRX) BreakoutA big descending triangle move: Since November 2018 the price line of phone is moving within a descending triangle. On weekly chart after the recent strong bearish trend the price line of TRX is again reached at the support of this triangle. And now we have third candlestick that is hitting at the support. The first candlestick that has touched the support of this triangle was very long strong bearish and it has even crossed beyond the support of the triangle but in very next candlestick the price action is retraced back and now Tron is above this support again. I have also placed the volume profile on the complete price action moving within this triangle. And we can see that the trader’s interest is very low near the support level and even the point of control of this volume profile is $0.0246. Therefore we can expect the move up to the point of control soon. Priceline did not breakdown the short term daily chart support: In my previous post that I posted on 8th march 2020 I was expecting that the price action will hit at the support of $0.0127. This is short term daily chart support for Tron. And now we can see that the price action is hitting at this support and so far we don't have even a single candlestick that has been closed below the support level therefore this short term support is still valid. A bullish Shark is still in play: In September 2019 I posted an article where I have revealed that the price action of Tron had formed a complete bullish Shark pattern. The formation of this pattern was started on November 2018 and completed on September 2019. Its mean when I posted this article then the price action just had completed this pattern. And in the month of February 2020 the priceline turned bullish and produced more than 114% profit and in very next candlestick the price line dropped down in the PRZ level again. In case of bullish rally what should be the sell targets: Now we have to two chart patterns one is the big descending triangle on weekly chart and other one is a very big bullish Shark pattern that is still in play therefore we can set our cell targets according to both patterns. Therefore now we have two types of cell targets. 1. Sell targets according to descending triangle: If we place the Fibonacci retracement tool from the tail of the triangle upto the support of the triangle then we receive the Fibonacci projection area between 0.382 to 0.786 Fib level at $0.0216 to $0.0343. Therefore we can set this bracket as sell targets. 2. Sell targets according o bullish Shark: If we place the Fibonacci retracement tool from C to D leg then we receive the Fibonacci projection area between $0.020628 to $0.033906 this is very close to the targets as mentioned above. Conclustion: The Tron likely to failed breaking down the support therefore we can accept a break out or bullish rally from this level. But the support level of triangle where the TRX is moving at the moment is very critical and this support is a market structure for the Tron. If it will be broken down then the situation can be more disastrous therefore we should use the support of descending triangle as our stop loss.
BITFINEX:TRXUSDLong
by moon333
1
TRXUSD extended the leg to form a bullish SharkIn my previous idea the C to D leg of Tron / Dollar was retraced between 0.618 to 0.786 Fibonacci and was likely to form bullish cypher as below: But now the D leg is extended bit more upto 0.886 Fibonacci and forming a shark pattern. Now the price action is entered in potential reversal zone. I have used Fibonacci sequence to set the targets: Buy between: 0.013921 to 0.007883 Sell between: 0.020572 to 0.033886 Regards, Atif Akbar (moon333)
BITFINEX:TRXUSDLong
by moon333
1
Tron formed bullish BAT and completed bullish setup for breakoutBear Move And Formation Of Wedge: From Jun 2019 to Sep 2019 after taking more than 70% drop the world's 11th largest cryptocurrency Tron is moving in a falling wedge now, the formation of this chart pattern was started from Oct 15 2019 the in mean while the priceline of TRX has touched 5 times the support of this wedge and hitting 3rd time on the resistance of the wedge and the upper bands of the Bollinger bands as well, here we can expect the down move for price correction again maximum upto the support of this wedge or it may hit the support or lower bands of Bollinger bands and move up again and then it may take a powerful bullish divergence to have a powerful breakout. Moving Averages: On 17 Nov the exponential moving average with time period of 10 crossed down the exponential moving average 20 and formed the death cross which leaded the price action more than 36% down but now we can see on the same day chart the EMA 10 has crossed down priceline and lifting it up and likely to form golden cross with EMA 20 very soon. Oscillators: The moving average convergence divergence (MACD) gave strong bullish signals on 21 Dec 2019 with bull cross and Stochastic had already given bull cross before MACD on 18 Dec 2019 the reletive strength index (RSI) was also oversold up til 18 Dec 2019 and then turned bullish but now all indicators are turning weak bullish and they will be turned strong bullish soon when the price correction period will be ended and it can take time until the price action hits the wedge's support or lower bands of Bollinger bands and turns bullish again. The Cloud Reversal: On 1st Dec the Ichimoku cloud was turned bearish now it is turning bullish after 24 days, the conversion line has crossed up the base line and has given bull signals but sofar the lagging span is unable to cross up the priceline therefore this bullish cloud reversal is not 100% confirmed unless the lagging span does not cross up the price line we just need to wait and see once it will move beyond the price action upwards then this bullish cloud reversal will be confirmed. The Harmonic Move: If we see on 3 day chart then it can be clearly seen that the price action of Tron has formed a perfect bullish BAT pattern let have a look how perfect this pattern is formed: After initial leg (X to A) the A to B leg is retraced between 0.382 to 0.50 Fibonacci and then B to C leg is projected between 0.382 to 0.886 of A to B Fibonacci projection and last leg (C to D) is retraced between 0.786 to 0.886 Fibonacci and now the price action is moving in potential reversal zone of this BAT pattern now we can expect bullish divergence at any time which will lead the priceline between 0.382 to 0.786 Fibonacci projection of A to D leg atleast, but if after this bullish divergence the candles sticks will be closed above the 0.786 Fibonacci projection then it can also lead to the long term bullish move. However for mid term trade we can set our targets as below: Buy between: $0.014140 to $0.013032 Sell between: $0.016840 to $0.020867 Regards, Atif Akbar (moon333)
BITFINEX:TRXUSDLong
by moon333
1
Tron (TRX) A Journey To Break Out Key Level Resistance $0.039Formation of BAT: On September 2019 the price action of Tron started the formation of bullish BAT pattern this pattern was completed on December 2019. After completion of BAT it was expected that TRX will take the bullish divergence from the potential reversals zone of this bullish BAT and it will soon enter in the Fibonacci projection area of A to D leg from 0.382 to. 0.786 Fibonacci level. Then on 4th January the TRX started moving up and first the priceline crossed up the 0.382 and then 0.786 Fibonacci projectionl. After crossing the 0.78 Fibonacci level it was expected that the priceline will use the 0.786 projection as a support and it will move up from here but unfortunately it has crossed down the 0.786 Fibonacci projection and again entered in the projection area between 0.382 0.786 level. Now the priceline is using 0.382 Fibonacci level as a support and now it is being consolidated at this level. Simple moving averages are still in golden cross: On daily chart the price action first crossed up the 100 simple moving average on 16th of January and retested this moving average as a support and moved up again and crossed up 200 SMA in the meanwhile both moving averages with the time period of 100 and 200 formed a bull cross on 1st March 2020. This golden cross was formed first time after the death cross of 9 September 2019. The movement of the priceline was powerful than the movement of the moving averages therefore the price line did not have the support of the moving averages with its movement and went very far away from SMAs therefore it was expected that soon the priceline will again drop on these moving averages and now we can see that the price line of TRX has dropped down and using 100 and 200 simple moving averages as support. Even tough we have seen a strong bearish trend from 16th of January up to 27th of February but these moving averages are still in golden cross that is very positive sign that these moving averages will not let the price action cross down and will provide strong support. Formation of new harmonic pattern: Now with the recent down trend the price action of Tron has completed another harmonic pattern and this time it has formed a bullish Shark pattern and entered in the potential reversal zone of this bullish Shark. Let's dig this pattern deeper to see how perfect this pattern is formed. After initial leg (X to A) the A to B leg is retraced between 0.382 to 0.618 Fibonacci and then B to C leg is projected between 1.13 to 1.618 of A to B leg's Fibonacci projection (here I have ignored some extra spike) and final (C to D) leg is retraced between 0.886 to 1.13 Fibonacci as required for perfect perfect bullish Shark pattern. After the completion of this bullish Shark pattern we have another strong support of the potential reversal zone and now it will be difficult for the price action to break down the support of this PRZ level. Now from here it is expected that soon priceline will be entered in the Fibonacci projection of C to D leg from 0.382 to 0.786 Fibonacci level. The push that the price action of Tron will have from this potential reversal zone can help the TRX to continue the bullish rally wich was started since Dec 2019. Long term resistance and support: On long term weekly chart we can see that Tron has strong support at $0.01277 and this support is not broken since November 2018. Now we can see recently TRX has formed a double bottom on this support and after the completion of double bottom it has hit the first resistance at $0.023 and this is also a very strong resistance because in the previous history of Tron it has been working as a support since Feb 2018. Once this resistance will be broken out then we can see that the price action move up to hit the next resistance level at $0.031 and after this resistance level we will have key level resistance at $0.039. Once this key level resistance will be broken out then the TRX can become more strong bullish to achieve the higher price ever in the history of the Tron. But if the priceline will breakdown the 200 simple moving average the it can move back to previous support level to retest it. But if the priceline will breakdown the 200 simple moving average the it can move back to previous support level to retest it. I will keep posting more updates on Tron.
BITFINEX:TRXUSD
by moon333
Technical Alert : TRON/USDT at EMA50Daily chart:TRON/USDT at EMA50. 0.1820/0.1710 Fib support zone. Disclaimer: 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.
by CryptoTrend-Alerts
TRX Took More Than 95% Move And Turning More BullishHarmonic Bullish Shark Move: On Sep 2019 I posted that on month chart the Tron has completed a big bullish Shark pattern, the formation of this harmonic pattern was started since Sep Nov 2018 the price action of TRX was driven perfectly as required for Shark pattern as below: After inertial leg (X to A) the A to B leg was retraced between 0.382 to 0.618 Fibonacci and then B to C leg was projected between 1.13 to 1.618  of A to B leg's Fibonacci projection and final (C to D) leg was retraced between 0.886 to 1.13 Fibonacci and here the pattern was completed and price action was expected to take a powerful bullish divergence to hit the Fiboancci projection area of C to D leg between 0.382 to 0.786 Fibonacci below was the post: Harmonic Bullish BAT Pattern: In the meanwhile the price action of Tron formed another bullish BAT pattern on midterm 3 day chart and this pattern was formed within the potential reversal zone of above Shark pattern and this move confirmed that the TRX is gonna take a powerful bullish move soon, and this pattern was also very perfectly driven as below: After initial leg (X to A) the A to B leg was retraced between 0.382 to 0.50 Fibonacci and then B to C leg was projected between 0.382 to 0.886 of A to B leg's Fibonacci projection and final (C to D) leg was retraced between 0.0786 to 0.886 Fibonacci as perfectly required for bullish BAT pattern and I posted this pattern on 16 Dec 2019 on tradingview and then on publishOx: Execution Of Both Pattern One By One: Then 1st the price took bullish divergence from potential reversal zone of BAT pattern and entered in potential sell zone of this BAT pattern and eventually the big bullish Shark pattern also executed and price action pushed more and entered in C to D leg’s Fibonacci projection between 0.382 to 0.786 Fibonacci. Now What Next? This move produced 95% big gains and after 7 months 1st powerful green heikinashi candle stick is appeared and on week chart 5 powerful green candle sticks are formed, and on week chart the candle sticks are stick with upper band of bollinger bands and the bollinger bands is being expanded and likely to pave the way for the priceline to help moving up and the Basis of bollinger bands (which is in acutal 20 moving average) is also moved up indicating that soon we can see a proper up trend on week chart. Exponential Mvoing Averages, Supports And Double Bottom Formation: Price action of Tron has crossed up the exponential moving averages with time period of 10 and 20 and EMA 10 has formed bull cross with EMA 20 and lifting the price action up. We can also see that the priceline has found a strong support at $0.012160 which is not broken since Nov 2019. Now the price action has also formed a double bottom on this support and every one know that double bottom on week chart can lead to very strong bullish rally. Ichimoku Cloud: Upto 3 day chart the Ichimoku cloud is turned bullish with lagging span has crossed up the priceline and conversion line crossed up the base line and candle sticks are likely to cross up the cloud very soon, once the priceline will cross up the cloud then the price reversal or pullback will be difficult. Simple Moving Averages: On day chart the simple moving averages with the time period of 25, 50, 100 and 200 are likely to form an opened alligator’s mouth as they formed in May 2019. Sofar the 25 simple moving average has crossed up all other simple moving averages and 50 SMA has crossed up the 100 SMA now there is a golden cross expected between 50 SMA and 200 SMA which can produce more powerful bullish move because golden cross between 50 SMA and 200 SMA is thought to be an ideal golden cross and bullish signal among the professional traders and then finally we will have a golden cross between 100 SMA and 200SMA which will lead to the completion of opened Alligator’s mouth. Bullish Continuation Pattern Is Being Formed: On day chart very interesting cup & handle pattern is likely to be formed same as like in Bitcoin's chart. The wave down and wave up are moved very soft and round shape like a real cup's body, there is no V shape or hard corners and this is a fact that as much this shape will be soft or U shape rather V or hard corner shape as much the Cup & Handle pattern will be true and confirmed. We have a price resistance level at $0.022100 and this level is also the resistance of expected cup and handle pattern. At this time the price action is hitting the resistance and from this level there can be a pull back which can lead to start the formation of handle of this cup to complete the pattern and this pull back can be temporary because this pattern is in fact a bullish continuation pattern which can lead the price action to breakout the resistance of $0.022100 then the price line may move to next resistance level at $0.029732. Soon I will post more update with more developments in TRX.
BITFINEX:TRXUSDLong
by moon333
There is a trading opportunity to buy in TRXUSDTechnical analysis: . Tron/US Dollar is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 47. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.0155 to 0.0123). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.0155) Ending of entry zone (0.0123) Entry signal: Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons : Take Profits: TP1= @ 0.0180 TP2= @ 0.0220 TP3= @ 0.0275 TP4= @ 0.0322 TP5= @ 0.0400 TP6= @ 0.0452 TP7= @ 0.0557 TP8= @ 0.0663 TP9= @ 0.0813 TP10= @ 0.10041 TP11= Free
BITFINEX:TRXUSDLong
by ForecastCity
2