TRX Tron: Bullish Movement IncomingTron has formed a ascending triangle and bullish divergence is in place. Expecting a breakout soon.
Tronusd
[TRON long] big profit potentialTRON is busy with an ABC correction, usually these corrections reverse between the 0.618 and the 0.786 fib level.
That makes a great buy zone (purple rectangle)
Approaching 1W Lower High levels. Bearish.The 1D Channel Up (RSI = 51.327) on TRON is trading sideways now as it approaches the 0.029 - 0.030 Lower High levels on the 1W Channel Down. This is technically the highest R/R spot to go short since 1W Highs/Lows = 0.0055 call for a bearish reversal. We remain bearish, TP = 0.01410 (0.009634 in extension).
TRX - TWO PATTERNS - ONE DIRECTIONHey Everyone,
quick update here for TRX (TRON) this could be one of two patterns forming and it all depends on the retrace. Right now it is very possible TRX is forming a BULL FLAG to head higher and finish the 5th wave. If we retrace deeper than the yellow dashed line then we are in the 5th wave and still finishing the 5 waves down.
And we only know if the yellow dashed line holds. Trading is about being adaptable, being able to change your perspective and go with the flow, there is no one direction, like life... there is many different pathways, and being adaptable is where you win.
REMEMBER IF YOU ARE PRACTICING SAFE... TRADING ALWAYS USE PROTECTION
(minimise your risk, use a stop loss. Especially in Margin Trades) ALWAYS!!!!!!!!!!!!!!!!!!!
<3 Lisa
DISCLAIMER:
The Legal stuff - I'm not financial adviser. Just a few quick thoughts - remember you sit at your computer, you push the buttons...
PS make sure you give me a like, that way you get updates as I post them.... :) <3
Going for the final Resistance test on 1D. Still short.TRXUSD broke through the first 1D Resistance at 0.023083 and is moving on to the final 0.0311151 test (neutral RSI = 53.294). If broken then the trend reverses on the medium term to bullish. For now 1W is still selling but approaching increasing neutral levels as well (RSI already at 45.864, with MACD = -0.005, Highs/Lows = -0.0076, B/BP = -0.0188 not far behind). This neutrality may be an indication that the final Lower High is near before TRON makes a new bottom. For the moment we remain bearish with TP = 0.01410, and under conditions 0.009634 in extension.
TRON, dont get trapped!Dont get trapped in these bounces, the alts are more clear in the count than the complicated BTC but they reveal what the likely outcome is. One more leg down!
Tron: Break OutTron broke out of the falling wedge. Watch the 1D candle to close above the falling wedge (for confirmation).
Bullish times ahead?
Limited upside potential. Still short.TRON has respected the limited upside space that the 1W Channel Down gave (RSI = 43.337, STOCH = 21.464, Highs/Lows = -0.0164) and is seen on a calculated decline on 1D (RSI = 35.799) with slow pace (MACD = -0.003, Highs/Lows = -0.0002), which indicates that this is the Lower High applying resistance pressure. You can take a short term target here towards 0.016362, but we stick to our previous target set on TRXUSD which is 0.01410, and under specific conditions (we will update) 0.009634.
Tron (TRX) Bullish breakout, likely another leg up. Careful!Like all the other altcoins, TRX has had a nice bounce from its lows. If you managed to catch it around that area, congratulations. I did pick up some TRX at 303 and will likely sell at 355.
I am still bearish. This is because BTC is currently in a short term bullish reversal and it is likely we drop down again. I believe the 7.1-4k area is the maximum BTC can reach and expect 6.8k to be the top.
Therefore, if you hold Tron, consider selling it near 355 which is the resistance or when Bitcoin peaks at around 6.8-7.4k. If Tron forms a strong bull flag, do not sell, since another leg up may be coming. A strong bull flag is when price just stays within the same range without slowly sloping down. The less we drop, the more bullish we are.
I am bullish in the short term but believe this is just another bounce for BTC.
Either way, there is 5% more to be made on TRX so trade safely.
Thanks for viewing! I will respond to all comments below.
Target hit. Limited bounce potential. Short.TP = 0.016362 hit as 1D aggressively broke the previous low slope Channel Down and is now seen approaching the intermediate line of the underlying 1D Channel Down (MACD = -0.004, Highs/Lows = -0.0025, B/BP = -0.0063). The upside is limited to a Lower High near 0.02500 and we will most likely see 0.009634 (TP) on TRON in the coming week. The December 16, 2017 low is set at 0.01410.
Tron (TRX) Still bearish, no sign of reversal, area's to watchTron has been on a huge downtrend with no sign of reversal still. This leads me to believe the drop is still not over and we have some more dropping inbound. The bullish divergence on Tron has long been invalidated.
Currently 260 - 200 could be the bounce zone, but I think if BTC goes below 5.8k we might see under 200 sats per Tron.
Therefore, if you have Tron, sell it now. I have long sold mine around the 400 sats mark, and have entered a short once Tron broke 324 sats.
My advice is to avoid doing any sort of long. You may be right for a few hours before another dump occurs. Shorting is not only safe, but more profitable in this market. I plan on closing my long around 200-230 sats if we ever reach there. Buying right now is like shorting during the 2017 rally, there is no "too low" just like there is no "too high". The more we drop, the more opportunity there is in the market for the next bull run. There will be another bull run, we just don't know whether some altcoins will survive. I think Tron will survive, but many of the less valuable coins might be going effectively to 0.
Thanks for viewing! If you have any comments, please leave them below. This has been the bloodiest day in last 8 months for cryptocurrencies.
Tron (TRX) Coiling stoch, Tron preparing for big movement.Tron has been in a falling wedge for months, and currently, I believe the end of this bear cycle is almost over. Tron has an increasing RSI during the decreasing price, indicating a bullish divergence.
If you believe in TRON, look at adding funds when it hits below 400 sats, which is happening right now. I believe anywhere around 300-360 is a good addition for your portfolio.
The problem is that BTC might not have found a base yet, and TRX is still within the falling wedge.
However, if you look at the stoch on before the previous run, we are developing something similar. XRP had something like this too. This development is on and off, but is worth noticing.
Therefore,
Buy in:
300-360 sat level
Thanks for viewing! Hope you guys haven't lost too much money. If it makes you feel any better, I lost over 10% on TRX when I transferred it in order to vote, which required a lockup period of 3 days, which happened to be the time BTC dropped.
Both targets hit. Channel Down lower break out. Strong short.Both TP = 0.030110 and 0.023083 hit as the 1D Channel Down (RSI = 30.449) moved aggressively to a new Lower Low. If 0.023 breaks then TRXUSD will aggressively transition back to the commanding 1W Channel Down (RSI = 44.821, Highs/Lows = -0.0183 but oversold on STOCH, STOCHRSI, Williams, Ultimate Oscillator) and look first for 0.016362 and then 0.009634 (TP). The outlook on TRON remains bearish.
There is a possibility for the beginning of an uptrend in TRXUSDTechnical analysis:
. TRON/DOLLAR is in a downtrend 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 34.
. While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue .
Trading suggestion:
. Price is in the support zone (0.030 to 0.025), traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
Beginning of entry zone (0.030)
Ending of entry zone (0.025)
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= @ 0.0346
TP2= @ 0.0405
TP3= @ 0.0435
TP4= @ 0.0506
TP5= @ 0.0557
TP6= @ 0.0643
TP7= @ 0.0729
TP8= @ 0.0820
TP9= @ 0.1005
TP10= Free
There is a possibility for the beginning of an uptrend in TRXUSDTechnical analysis:
. TRON/DOLLAR is in a downtrend 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 34.
. While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue .
Trading suggestion:
. Price is in the support zone (0.030 to 0.025), traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
Beginning of entry zone (0.030)
Ending of entry zone (0.025)
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= @ 0.0346
TP2= @ 0.0405
TP3= @ 0.0435
TP4= @ 0.0506
TP5= @ 0.0557
TP6= @ 0.0643
TP7= @ 0.0729
TP8= @ 0.0820
TP9= @ 0.1005
TP10= Free
TRON TRX Huge J-Curve - Unimaginable Profits - CryptoManiac101TRON had some corrections with attempts of breakout but when we look at bigger picture it becomes much more clearer that TRON's future could not be brighter with their dedicated team, ex-ripple labs executive, massive partnerships and potential connection to XRP in the near future.
J-Curve together with W pattern is what we are looking at here. J-Curve will be confirmed within weeks and W pattern must be confirmed this month to be valid.
TRON is keeper crypto, not short term investment.
Enjoy this trade advice my Crypto Maniacs, but remember to invest only what you can afford to lose or you're going right back to poverty on drop. We are not your financial advisors.
TRONUSDT - Bittrex - High Vol/Volatility Strategy for ALT CoinsSimple 15min time-frame strategy using 4 classic indicators.
TRONUSDT: (25% return over ~1.5 months = ~16.67% a month return on investment, 5.3% max drawdown, total of 48 trades = ~ 1 trade per day)
Uses:
1. Nested bollingers (multiple lengths)
2. MACD
3. Fibo retracement
4. RSI
IF:
#1 (i.e. all bollingers are crossed) and;
#2 (i.e. macd crosses) and;
#3 (i.e. high/low fib lines are crossed) and;
#4 (i.e. RSI bands are crossed)
THEN: BUY/SELL
8 hours ago
Comment: The following is applied to the back testing:
0.25% commission
5000 ticks slippage
Recalculate after every tick
Recalculate after order filled.
False break-out. Bearish continuation intact. Short.Last week's bullish break-out proved to be false, as the price jump and breaking of the 1W Channel Down (RSI = 47.541) formation was only a false extreme on High Volume. It is possible that a new, less aggressive, 1D Channel Down has emerged (dotted parallel lines), although another Lower High/ Lower Low confirmation is required). In any case the underlying trend remains bearish on both 4H (RSI = 36.066) and 1D (RSI = 40.564) but on notable low negative MACD, Highs/Lows, B/BP. The 0.0311151 support is the real test, which if broken will hit our first TP = 0.030110 (March 09 contact point). 0.023083 remains the extension.
Tron (TRX) Breakout. Possible long position after flagging.Hey everyone, my last chart predicted sideways movement till the news so this was kind of expected. I believe this can be a great long position in anticipation for the secret project, as long as TRX can find support and form a strong bull flag. There is a medium chance it will be a false breakout. I bought into Tron at 440 so I'm kind of debating whether or not to take profit now.
Therefore,
Buy in:
When bull flag forms. If we drop straight back down it was likely a false breakout and should not be trusted. With the secret project tomorrow there will be an increase in demand or selling pressure, so be careful with a smart stop loss.
Sell targets:
573-600 satoshis.
Stop loss:
464 satoshi level or underneath the bull flag's support area.
I believe in the next few months TRX is going to have a good cycle again. As long as bitcoin can stay within the current range, a good 50% gain is possible.
Break out or false extreme on high volume? Still short.The latest price action has marginally broken the Lower High limit on the 1D Channel Down (RSI = 44.637 but on neutral ADX, CCI, MACD, Highs/Lows). However, this (minor) break-out is so far on a Lower High scale and can be a falst break-out based on larger volumes. It is more probable to re-enter the 1D Channel Down as 4H suggests (STOCH = 24.684, STOCHRSI = 3.686) than to break higher. TP still 0.030110 (March 09 contact point) with 0.023083 in extension.
WILL TRON BREAKOUT FROM UPWARD TREND CHANNEL? - CryptoManiac101Enjoy this trade advice my Crypto Maniacs, but remember to invest only what you can afford to lose or you're going right back to poverty on drop. We are not your financial advisors.
Tron (TRX) Big market order boosted TRX up. Unclear signals.TRX broke out of the falling wedge netting me around 5% profit after it hit my stop loss. However, the Bitcoin ETF decision which has now been moved to September caused BTC dominance to rise, basically people moved their BTC out of altcoins. This is one of the reasons I strongly wish for more exchanges with fiat to altcoins so we do not need to analyze both Bitcoin and the altcoin charts before trading.
Right now on paper it looks like we will be continuing down, but as mentioned, a secret project will be announced in 6 days, and as shown on the chart, there was a large buy order for TRX which caused a move up of around 6%, which might keep us above 400 before demand rises due to the news.
Right now I would wait and see if Bitcoin can hold and what the dominance decides to do before moving funds back into Tron.
I did pick up some TRX at 445, but a very small portion, with a stop loss at 400, but I'm fine with the risk.
Thanks for viewing! Leave any thoughts you have in the comments below. I'll make sure to respond to questions.
