Tronusd
Tron Support Broken !!!!With the pump in Bitcoin, most of the altcoins are suffering and many of them have broken their previous all-time lows.
Tron previously had important support around 238-240 Sats which is broken successfully which shows soon we can see the 175 Satoshi mark or who knows even lower.
However with upcoming updates in the next week like Sun Network Mainnet and BTT Airdrop to TRX Holder we could see a slight pullback upwards.
But who knows with Holders, not satisfied with the last Hype I think fewer people will be interested in the upcoming fork.
There is a possibility for the beginning of an uptrend in TRXUSD Technical analysis:
. Tron/US Dollar is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 43.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.021400 to 0.018100). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.021400)
Ending of entry zone (0.018100)
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= @ 0.025000
TP2= @ 0.027650
TP3= @ 0.032170
TP4= @ 0.040500
TP5= @ 0.045200
TP6= @ 0.050600
TP7= @ 0.055750
TP8= @ 0.066290
TP9= @ 0.081300
TP10= @ 0.100410
TP11= Free
There is a possibility for the beginning of an uptrend in TRXUSDTechnical analysis:
. Tron/US Dollar is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 40.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.021400 to 0.018100). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.021400)
Ending of entry zone (0.018100)
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= @ 0.025000
TP2= @ 0.027650
TP3= @ 0.032170
TP4= @ 0.040500
TP5= @ 0.045200
TP6= @ 0.050600
TP7= @ 0.055750
TP8= @ 0.066290
TP9= @ 0.081300
TP10= @ 0.100410
TP11= Free
TRON Risks Ban by US SEC for $20m BuybackDespite Justin Sun's "multitaneous" tweets, momentum keeps fading from the TRON markets as we saw price revisited a crucial trendline support over the past week. Perhaps investors fear that the US SEC might see TRON as a security following the recent kickstart of a $20 million TRX buyback by the TRON Foundation and slap a trade ban.
In terms of technical, the bears are seizing the opportunity of a potential double top bearish pattern to trickle price down further. So far, the only holdback is the ascending trendline support but it seems the odds are currently in favor of a breach below this key level soon. As long as price remains in the NO TRADE ZONE, risk-averse traders should stay away from the TRX/USDT markets until the pair bottoms out or breaks out, whichever comes first.
TRONHello fans of TRON project
The CEO of this project deserves respect, it seems to me that he can be given the title of the best crypto-marketer of the year. He continues to make his community and crypto community his statements and results
I have information about USDT on the Tron blockchain. It should not affect the price of the throne. But knowing the abilities of the CEO and how to create the hype around this.
Technical analysis
We have support zone at 300 sat zone, after we touch this level TRXBTC star to growing and now we moving in downtrend yellow channel. Im sure we will break out this channel and go to the 50-61% levels fibonacci also this is resistance line of global triangle, this is my target
TRON: Constructive or ready to CRASH? Multi time frame analysisTron: Which way from here?
*If you find this analysis helpful let me know!
Taking away all emotion and looking at the picture from all time frames this is what I see.
Weekly:
We need to recognise TRON is still very young to look at from a bigger picture but we can start to see some clear structure
We are currently in a broader triangle consolidation so looking for signs of a break either way.
Also had two touches off 52 week moving average BUT failed to react to the downside in a significant manner.
Also holding above the 25% line of blue pitchfork the last two weeks.
What I see as POSITIVE is that TRON bottomed late 2018 (not in 2019) and most cryptos that are recovering/constructive did this.
We are also still above the BLUE 0.618 retracement from this rally off the bottom which is also constructive.
Daily:
Currently stuck between 100 and 200 day moving averages but if you dig deeper there was good support off the 200DMA in terms of volume.
On the daily you can also see the bottom trendline forming triangle has had 4 touches now and failed to break.
For the BEARS however you can see we have not closed above the RED 0.618 fib that is measured from the HIGH forming the top of the triangle and the low.
Again a break of the triangle would show clear direction as these levels are also guarded closely by the fibs.
4HR:
We have just popped outside the near term downtrend.
Also shows clearly the reaction off lower trendline (and 200DMA).
Even if we start pulling back towards the BLUE 0.5 fib I'll watch the RSI and volume to find market direction.
All in all there is potential this is a double top BUT you would need to see some larger downside momentum to validate this. For the BULLS, it's all about the bottom trendline and 200DMA.
If this pitchfork holds you may start to pack your bags to the moon BUT for now it is 100% SPECULATIVE on my behalf until we at least test/surpass the median line (just my rule).
Hope this helps!
TRX Ready For GainsWelcome Back!
Ready for another coin ready to move?
Today we will be talking about TRX or Tron!
This one is pretty self explanatory.. Massive Inverse Head and Shoulder coming at the end of a long retrace? Could it be any easier?
We got rejected at resistance however, now is a great time to accumulate before the coming breakout.
Lot's of people call this coin a scam! Something I can tell you from personal experience is scams pump the hardest ;)
I will update as the trade takes footing...
TRON (TRX) - Inverted Head & Shoulders (Bullish Pattern)TRON could make a pretty big move after it makes a breakout above the inverted head and shoulders neckline.
Actually, if we start to draw this neckline from the bodies then it has made a slight breakout above the neckline but it is not so convincing.
Let's see what we get from this idea, definitely, another BTC short squeeze to the $5,600-800 will help to accomplish those targets. If You have some thoughts then please, share those in the comment section!
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Have a nice day,
Best regards!
*This information is not a recommendation to buy or sell, it is used for educational purposes only!
TRX/USD - Day Chart - Potential +140% TRX has completed a 1,2 and looks like its ready to brake out of in inverted head & shoulders.
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BTC: 1LCayhGfdzsNP9M5227LyE28FKed4thEsB
LTC: LaPLQ6JoiqrxYED9FBNVphyApAhpW4Yw3R
ETH: 0x1Ec59747Ff307FaA71de070A3914e9afFbac7424
TRON Decision Time!Hi everyone, let's get into TRON.
First of all, there is a lot of noise surrounding TRON. We had the tesla giveaway bullshit scam rumors and more. Just look at the charts they've got all the stories you need to make money!
So what is the chart telling us? We are currently testing 0.61 overhead resistance of a big triangle. After confirming support on the golden ratio (0.618) twice its been consolidating for the last month. We've made an entry on the second test of the $0.02145 zone. On the daily chart, there is also an inverted head and shoulders which is a bullish sign.
We are currently at critical resistance on almost all coins so if BTC breaks its resistance I would take the high-risk entry with a tight stop! If it gets rejected and moves sideways again I would consider the entry box on the chart. And if BTC gets rejected hard it could be a big dump and drag TRON down with it.
High-Risk Entry: Current prices.
Entry Box: 0.0234-0.0240
STOP: 0.022178
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TRON setting up for a 4x leverage tradeHowdy people :)
TRX has been a leading the charges this year with break-outs. As i see it here as the rest of the market is in a sideways consolidation with a good chance of making a break up, TRX is about to setup a H&S.
I have a quick spread of 3 buy levels here as I am taking this as my month gamble swing, so I have 2 levels in for the H&S, and 1 level down low encase it breaks down, canceling the H&S...I will try to make a new low buy inn on the lowest level TRX has hit in the past year.
I have been waiting for a good trade to throw my fun money on, and this looks like it. Be safe, use protection, and dont try this at home of course :)
TARGETS: you do the math...usual target for H&S, measure the neck line