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Tronusd

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 below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 43. . While the RSI downtrend and the price downtrend in the daily chart are not broken, bearish wave in price would continue. 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 the 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
BITFINEX:TRXUSDLong
by ForecastCity
6
TRX Target Hit! But we're still at the mercy of the Bear's bite!Hello Everyone, Welcome back to my latest TRX Update, Here We Go: The 0.02200 Long Target hit with room to spare (I have included previous analysis on 3/1 for comparison). TRX's movement followed my charting channel from the bear flag very well (blue and black dotted lines) and with considerable accuracy, I was able to update and enter slightly lower at 0.2120, it dipped as low as .20. Tron ended up dropping a lot faster than I had initially anticipated, it has been a slow sideways mover over the last several weeks into well over a month now. The yellow circles are the entry points for long positions that I have been using. Now...... I wait and see which way we go next. If this drops again, I have not decided if I want to dollar cost average or, set the appropriate stop loss and re-enter. I will make that determination depending on what the market shows me and how far it looks like it will drop. If we drop steeply, I will take a stop loss position and re-enter at a lower cost. Small drops, I will suck it up and DCA. If we rally upward, I will again see what the market is showing me and make the decision on letting it ride or pulling profit when the time comes. Too soon at this point to predict with the volatility that's been going on, not to mention the major BOT trading that I think was going on ALL weekend! Major buy/sell walls that perfectly inline and holding price points for a significant amount of time, can you say BOTS!! Earlier long entry points of .238-.239 are still valid if we rally upward. I would personally wait for confirmation of an actual uptrend rally before entering any higher than .023 at this time. Short positions can be entered into now as well, if......and that's a big IF, you are brave enough to take the risk and enter now. I say this because we are in such a major downtrend with the bears in charge so there is great possibility of this dropping and retracing even lower. However, tron is due for another rally so, there is a lot of risk to enter a short position. My indicator is signaling a small short position entry at this time due to the significance of the trending bear conditions. If you take a short position I would consider setting a stop loss for .024. Stochastic is at 13 which is in the oversold range. RSI is at 38 which is on the border of the oversold range as well. We are below all of the Moving Averages except the 100 SMA (.0217) and 200 SMA (.0219). We've been in this major downtrend for the last 8 days. Based on TRX's performance since January of this year, it seems to change from uptrend to downtrend and vice versa every 6-10 days. At the time of writing this, we are back up to the 0.786 fib retracement at 0.0229 and climbing, which, is in a major support zone starting at roughly 0.021 with major overhead resistance at 0.026. Please keep in mind that we are still very much in a downtrend and at the mercy of the bear. There will be the monthly BTT airdrop for all TRX holders on March 11th, we may see a brief rally at this point however, I am not hopeful. The BTT airdrop played no effect on the price of TRX during the February 11th airdrop, in fact, we even saw a slight decrease in price. Hit that follow or like button if you find this analysis useful or helpful. Good Luck and Happy Trading!! AWC **For Educational Purposes Only. This is not meant as any buy/sell trade advice, trading is volatile and at your own risk.*
BITFINEX:TRXUSDLong
by AWColumbo
TRX falls past several key areas.Bears are home for the weekend!Hi Everyone, I was planning on waiting a few days before I updated this chart but Tron Bears have officially sunk their teeth in. I have not adjusted the 50 and 200 MA that I have listed from the previous chart as this is a continuation update from the idea I posted on 2/28. As you can see we have officially broken down below the 200 MA, the descending triangle and, the 0.76 fib retracement of 0.023780 which are all pretty much right on top of each other so, I would say this is pretty significant. We are in a very strong down trend and I have added a bear flag with an extended pole (black dotted line). I extended the pole for my sake to see if Tron would break down out of my make shift channel which, it rapidly did. It is now approaching my flag pole extension which ends at .022789. The next fib level is not far away either at 0.022387. Stochastic is at 20 which is in the oversold territory and the RSI is at 40 which is still neutral but also getting closer to the over sold side. Those of you who are in a short position should be seeing quite a bit of profit at this point if you were patient and waited to see where this would go. For those that are the long position types, patience remains the key here until we see how far this will fall before the next rally. I am considering placing an order at around 0.02200 which is extremely on the low side but from the looks of it we may see a drop that far possibly lower. Binance at the time of writing this is currently at 0.02265 with major buy/sell walls, which in my opinion, is a BOT trader. If it pushes lower we will soon be at the next fib level of 0.618 as I mentioned above of 0.022387. From there we have a long way to go before it can get anywhere near the next fib level of 0.5. The last time we were any where near these levels was around January 13th. Please hit like if you found this idea helpful or useful. Happy trading and good luck everyone! -AWC- I am by no means a professional analyzer however, I am a hobbyist that enjoys technical analysis and sharing my ideas. This is not meant in anyway as trading advice and is strictly meant for educational purposes only.
BITFINEX:TRXUSDLong
by AWColumbo
Tron Entry Point Update 2/28/19Hello Everyone, Here is the next update to my Tron entry point idea published on the 2/24. I have added the fib retracement levels, and updated the descending triangle. As I had anticipated we are trading sideways and holding inside of the descending triangle. I am currently using the 50 MA (upper yellow line) and the 200 MA (lower yellow line) as a "trend" channel. The last time we broke out above the 50 MA was prior to 2/24 and that was the end of a roughly 6 day rally. Tron is getting closer and closer to the lower end of the triangle and we are nearing the lower end of my MA channel which again is the 200 MA. The bears appear to be attempting to regain control, if they succeed we will be retracing to the lower end of the descending triangle which is the exact pivot for the Fib retracement. Looking at my indicator we may possibly be in the early stages of a bearish divergence. I am also showing TRX in a solid downtrend so I am currently sitting on the sidelines with any further entry points until I see which way this goes. Since we are riding higher on the Martin Buy/Sell Indicator my entry point remains valid and confirms my stance of sitting on the sidelines for a few more days until I see some kind of movement. I am by no means a professional analyst, simply a hobbyist who enjoys tech analysis and sharing my ideas. This is NOT meant for any trading advice and is for educational purposes only. If you found this idea useful or helpful please hit like! Good Luck and Happy Trading! AWC
BITFINEX:TRXUSDLong
by AWColumbo
Tron Entry PointsHello everyone, As you can see we broke through from the top of the descending triangle powering through several levels of resistance. After the cup and handle we did break higher with the rallies of the top coins towards the higher resistance levels above 0.26-0.27 however, like it has been doing the last 2 months, it immediately retraces down. I have been watching these levels and just like I was concerned about in my last analysis, the latest correction brought Tron right back down and we are officially inside of the descending triangle (barely). We are well above the 200 day MA and sitting on top of the 50MA so I am using that as a smaller resistance level right now. Most likely we will be bouncing in and out of these levels if it continues its slow sideways moving trend like its been doing for the last several weeks. It tried to push lower to around 0.0229 but the bulls were able to hold it around the current levels of 0.024. The RSI is at 43 which is still in a neutral zone but looks to be slowly moving to the oversold side. I will be using the 200MA as my lower target level if it does trend to the downside. Stop Loss is set right now at 0.024308 (red dotted line) for the longs and 0.027652 (blue dotted line) for the shorts. I want to draw your attention to the Martin Buy/Sell line indicator on the bottom of my chart. This is showing a pierce through the bottom channel and on its way back up. This is a technical buy signal currently around 0.238. If it breaks above 0.026 this is a good time to take a quick profit if you are interested in a quick flip. We are currently in a down trend right now so for you short traders that got in within the last few days, now would be a good time to take some profits because, it appears to be attempting to bounce back upward. We are riding on the bottom of the lower bollinger band channel which is also confirming a buy signal on my charts. Keep in mind If the bears are able to push this down like they've been trying to do, we are looking at falling back towards the 0.021 area which is also the 200MA. However the bulls seem to be holding strong and keeping it right at the 50MA. As of current we are holding that 0.024 level quite well however volume is lower than it was when the bears were trying to make a push towards 0.021. I am a hobbyist that enjoys technical analysis and by no means am I offering any trading advice. This is purely meant for educational purposes and to share my thoughts and ideas because I enjoy it. Hit like if you found this information helpful or useful. Good luck trading everyone!
BITFINEX:TRXUSDLong
by AWColumbo
Tron Resistance & Break Out Levels **updated with cup & handle**Updated from my earlier idea (2/19) with a possible cup and handle formation, I also changed the 10 day MA to the 50 day MA. See attached previous idea for full details. These are key levels, the cup and handle also lines up with the MA's and resistance levels that I have listed in the previous analysis. This also is confirming my viewpoint and I will be staying on the side line until I see which direction this will go. The 50 MA also runs right along these levels. FOR EDUCATIONAL USE ONLY.
BITFINEX:TRXUSDLong
by AWColumbo
TRON/BITCOIN (TRXBTC) LONG BULLISHThe TRON bulls have remained strong since the New Year has elapsed. The project has survived the immense FUD that was unfairly postulated by haters and pessimists. During its bear market period since ATHs of 0.25 the TRON foundation has made fantastic progress - always keeping ahead of its agenda. The TRON ecosystem will continue to grow as more users flood in and the DAPP floodgates open up. This is not a project that you want to miss.
Long
by StirlingBishop
Week 1 of 21 - Tron (TRX) Surveillance ReportGood morning or afternoon depending where in the world you reside. Week in Crypto (Top 3 Events): #1 - Baakt continues to make headlines and progress in launching their proprietary digital asset market place that will offer a institutional grade custody program combined with a fully regulated digital asset exchange and physically delivered futures on Bitcoin . Understanding their partnerships with Starbucks , Microsoft as well as their relationship with I.C.E ( Intercontinental Exchange ) which operates traditional exchanges like the NYSE is a news worthy event to follow in the coming months. In the past two weeks they have closed initial funding rounds and have raised over $180M. This week they are on a hiring spree for core developers. Follow their twitter for the latest updates. #2 - Jack Dorsey - CEO of Twitter - was recently on the Joe Rogan podcast promoting Bitcoin and digital assets as a revolutionary technology. He believes Bitcoin will become the world currency in our lifetimes as it was born on the internet and will become the currency of choice of the internet. Square continues to outperform on the stock market and allows for bitcoin payments to be sent and received via their app as well as fiat. #3 - Dan Morehead - CEO of Pantera Digital has said recently despite the market sentiment in prices the fundamentals in the ecosystem have never been stronger. He believes all the innovation and infrastructure that is being built to accommodate institutional investments has calmed any doubts whether blockchain technology and Bitcoin is here to stay or not. Despite the positive fundamentals what does the technical picture tell us? BEARS - TRX bears have been getting battered since December 2018 when Bitcoin capitulated from 6k to 3k. TRX is the top performing alt coin and the bottom seems to be in. However, Bitcoin still remains King so we remain cautiously optimistic. A short position is only viable if bears can break below the 200 Day MA, the 50 Day MA and below the ascending channel. Earliest short entry price can be found around .02 cents with a target goal down to the 161.8% fibonacci retracement to .012 cents. This drop, although unlikely, is in line with a Bitcoin market capitulation candle that many bear traders are calling for. BULLS - TRX Bulls are looking to push prices back above the centerline of the ascending channel and are keen to hit the next fibonacci extension (127%) sitting at .035. TRX is trading above it's 50 Day SMA and 200 Day MA, which is a significant development. Any pull back should find solid support in this zone especially with the 50 Day moving back above the 200 Day. If this was Bitcoin we would confirm the crypto-currency market bottom is in. However, we are impressed with TRX resilience and this price action leads us to believe higher levels are on the near term horizon. RSI - Showing strength and support above 50. Bulls are in control. Trade suggestion: Our buy order level was triggered at .024. We suggest traders go long on the next pull back that finds support on the lower bound end of the ascending channel with a stop loss at .021. Regards, Bobby Today marks the launch of my 21 week trading program where I will be publishing text and video content M-F. I will be updating this report Wednesday and Friday this week so be sure to hit the like and follow to get notified.
BINANCE:TRXUSDLong
by UnknownUnicorn1615160
Update 2 - Tron (TRX) - Elliott Wave Count and Prediction - 4hrThe updated wave count for Tron (TRXUSD) from January 21st still stands. Although the timing I proposed was a bit ambitious, the wave count is holding up beautifully. Here is what you are looking at: 1. Red vertical lines: Time cycle beginning at the low of .01216364 on December 7th, 2018 and ending on December 24th. On this 4 hour chart, that is 103 'bars' which is 17.166 days. These bars correlate within hours of reversals for ending: wave (2) of W1, wave (3) of W1, wave (5) of W1 and now wave 1 of (3) of W3. 2. Green vertical lines: Time cycle beginning at the low of .01829375 on December 28th, 2018 and ending on January 13th, 2019. On this 4 hour chart, that is 101 'bars' which is 16.8333 days. These bars correlate within hours of reversals for ending: wave (4) of W1 and wave (c) of W2. For the above vertical lines, we have, from Red to Green, the following time cycle: 23 bars (3d 20h); then from Green to Red: 80 bars (13d 8h). If this pattern holds, we will see correction until around January 30th, 2019. 3. Moving Averages: The fast SMA is 78 bars which is 13 days. The slow SMA is 204 bars which is 34 days. These are currently bullish. 4. Chaiken Money Flow: This is a relatively new indicator FOR ME, so I'm not quite adept in explaining it, but I do know that any value above zero means cash is flowing into the coin while a value below zero means cash is flowing out. It appears we are right at the zero line which implies a balanced state or potential sideways movement. If anyone wants to interject an opinion, please do so. 5. MACD: Appears to be crossing south, but without a divergence. This likely means a period of short-term consolidation/correction Overall, I expect a pullback to touch the 13 day moving average (~.026) with a slowed, downward and/or sideways movement for 2-3 more days. If it breaks through the fast moving average, expect a test of the slow, 34 day moving average around .024. Once wave 2 of (3) of W3 is complete, expect hard and fast movement northward for a wave 3 of (3) of W3. Please note that if this current correction (at the time of writing this --green arrow) breaches the low of .02313579 from January 20, 2019 (red arrow), then my wave count is largely, if not entirely invalidated. Should this happen, my entire count would likely change with the trend adjusting downward.
BINANCE:TRXUSDLong
by justybear1984
1
Tron Hitting A Wall Finally?Welcome Back! Over the last few weeks Tron has been one of the few positives inside this bear market. With that being said, let's take a look at where I see prices going from here! On the daily time frame we have a classic end to a down trend indicated by capitulation, Accumulation distribution , and the icing on the cake was the final sell off. The final sell off creates a spring effect that is indicated by the 1,3,5 Elliott Wave sequence. Now the questions is... Where do we go from here? Taking a look at the chart its obvious we have met a very strong resistance indicated by the red line. Volume also shows strong selling going on in this level. However, this doesn't necessarily mean we are going lower. Based off my wave count its possible we still have one more leg up which would be the, "blow off top." Being at such a strong resistance at 0.28 cents we could very easily see the market performing a bull trap before we retrace back to the .618 which would be around the .18 cents range. Should we be buying right now? Probably not. It's never a good idea to be buying near such a strong resistance, or any resistance for that matter! Watch how prices react to current resistance. If we break out, I expect the next lower high as the top of the 1,3,5 indicated by the black line. This is a very interesting coin to be watching once we get a retrace. Market sentiment appears to be shifting back in the bulls favor. God Bless, JolleyCrypto
BINANCE:TRXUSD
by UnknownUnicorn846565
TRX found a new support and is going between 0.031 and 0.036Good afternoon friends and followers, Here is an update of where TRX is at today. As you can see in my previous chart we have been approaching the 100 day EMA and brief history has it as the new support. Anyways... as it looks today, the buy in zone has changed from .0207 to .0215. As the days move on, the EMAs make adjustments as well. So the buy in has changed slightly and seen as measured move within this chart. What you are seeing are references made from extending the 50/100 EMA which in affect has them crossing each other within 6 days or less. The red arrow is is the selling pressure and the green lines are the mark of a new trend with the actual cross over. I would say that this would be a good point to enter long setting stop losses a little lower then the cross over. Until then, the trend is your friend. Buying on the dip and selling on the hype. This is my viewpoint and my opinion. I am not giving advice but only sharing what I see. Do not enter a trade on my TA but do your own homework. Cryptocurrency is volatile and very risky. Never invest what you can't afford to lose and always educate yourself and continue to do so when making any kind of investment. If you find this information helpful, then please hit the like button. Your support is appreciated. Thank you! Cheers!
Long
by FaissalHoudoe
A trading opportunity to buy in TRXUSDTechnical analysis: . TRON/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 66. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.018070 to 0.015690). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.018070) Ending of entry zone (0.015690) 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 the 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= @ 0.024900 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
BITFINEX:TRXUSDLong
by ForecastCity
2
TRXUSD - WE SHALL PROFITBuy Price: Green Zone SL: Below Red Zone Profit: Blue Zones Invest Suggestion: 20 Percent Profit Expectations: 10 - 75 Percent All technicall indicators of TRON are pretty good!!! If it breaks that brown zone( and it have the strenght to do it), we will moon it! Besides, we have great news about it! See me previous analysis and how profitable the are! Sell when you get some profit, according the way you trade. Keep following us and please like this idea. Any doubts? Send in the comments or in our telegram or Inbox here. Thanks for visiting.
BINANCE:TRXUSDLong
by CGCryptoTrader
EASY TRON/TRX TRADE BUY OPPORTUNITY!BINANCE:TRXUSD Hey fellow traders!!! Here is an Easy short-term trade opportunity for you... As you can clearly see we are moving upwards and holding strong support over the 200 day EMA on a 15 min chart. So, Our buy zone would be clearly at the 200 day EMA on a 15 min chart as we bounce back every single time from here! P.S. be patient and wait for the prices to touch/pass the 200 day EMA to Buy-In for an easy short-term profitable trade. Good Luck!
Short
by itsabhishekc
1
TRON (TRX) a Strong Long-Term Bet? TRON (TRX) is a decentralized platform that leverages blockchain and peer-to-peer network technology in order to facilitate the sharing of entertainment content. TRON aims to disrupt the $1 trillion global entertainment industry by connecting content creators directly with customers, cutting out middlemen like the Apple App Store and the Google Play Store. TRON developers have outlined a clear and defined 6-part plan to successfully decentralize the global entertainment industry, content creation business, and gaming industry over the next 8-10 years. Last week, TRON developers announced the creation of a $100 million 'Gaming Fund' to invest in blockchain game development on the TRON platform. Today, TRON founder Justin Sun announced a $1 million accelerator program on Twitter to assist developers and start-ups with the creation of decentralized applications (DApps) on the TRON platform. We believe that TRON's investment in its community paired with their clear and detailed 6-part 8-10 year plan support a long-term bullish case for the decentralized platform. The cryptocurrency industry is moving further away from Initial Coin Offerings (ICOs) with each passing day and decentralized applications that have relied on ICO activity in the past to drive users on its platforms and volume of its underlying tokens must adapt in order to survive. TRON developers have made it clear that they are seeking out new ways to drive growth of their decentralized network, a step in the right direction amid a cryptocurrency bear market that has seen all altcoins suffer.
BITFINEX:TRXUSDLong
by Quantamize