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Tronusd

A trading opportunity to buy 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 41. . While the price downtrend in the Daily chart is not broken, bearish wave in price would continue . Trading suggestion: . There is still a possibility of temporary retracement to suggested support zone (0.034 to 0.030). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.034) Ending of entry zone (0.030) 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= @ 0.0405 TP2= @ 0.0435 TP3= @ 0.0506 TP4= @ 0.0576 TP5= @ 0.0658 TP6= @ 0.0739 TP7= @ 0.0820 TP8= @ 0.1005 TP9= Free
BITFINEX:TRXUSDLong
by ForecastCity
5
#TRON #Crypto When Will Bulls Take Over?!Hi guys, Today I have brought you TRXUSD in the 4 hour chart. TRX also made a move higher the recent days. With the move higher it was able to clear some important trendlines to the upside, those breaks can be important for a possible rally to the upside. Indeed I think at this moment that Tron has a big potential to reverse higher in the coming days weeks or month however you want to call it. It is sitting at an important level where bulls can take it over. But for this view we still need some time for a confirmation. I have drawn you 2 possible scenarios in the chart above. I am looking at any of them. But important to mention is that in case it breaks for any reason the 0.031080 lows, then this analysis will be invalid and we can still see more downside. But lets wait for now and see what TRON will do in the coming days. Also Tron will reveal some important news in another 10 days. (TVM) Lets see. Hope this helps. Cheers and trade with care Disclaimer: Trading is about going with the highest probability, nobody is 100% right and we need to protect ourself in case we are wrong. That is why we need to always use a stop-loss when trading. Trade with care. This my current view, and any view present is not a trading recommendation just personal view.
BITFINEX:TRXUSDLong
by TradeFxTrends
Target hit. Channel Down on full deployment. Short.TP = 0.034219 (March 22 contact point) hit, as TRON complied perfectly to the projected Channel Down pattern on 4H (RSI = 30.223) after a smooth rejection off the first pitch resisting line (red dots) seen by the low Highs/Lows = -0.0013, B/BP = -0.0025. Those however indicate a more steady decline that will see hitting our next TP = 0.030110 (March 09 contact point) before the 1W closes and the final TP = 0.023083 (March 18 contact point) by next week. The 1D Channel Down (RSI = 30.222, Highs/Lows = -0.0033, MACD = -0.004, ADX = 46.584) is balanced enough to ensure a calm pace for TRXUSD during this downtrend.
BITFINEX:TRXUSDShort
by InvestingScope
Consolidation is over. Rejection on 4H. Short.TRON consolidated a little longer than expected on 4H, but is still kept below the resisting trendline since May 30th (red dotted line). Even if this is crossed any upside attempt is limited to 0.046047. Every rise is a short opportunity according to the 1D Channel Down (RSI = 36.702, Highs/Lows = -0.0008, B/BP = -0.0015). As a result the now borderline neutral 4H (RSI = 40.799, MACD = 0) should start pressuring lower. The TP set for TRXUSD remains: 0.034219 (March 22 contact point) followed by the 0.030110 (March 09) and 0.023083 (March 18) extensions.
BITFINEX:TRXUSDShort
by InvestingScope
2
TRON is finnaly ready to show us some Bullish moves.Hey, I am back with another Technical Analysis, this time again looking at Tron. Tron had succesful main net launch and strong fundamentals , great community and great project. Tron has hit 1000 area twice , and after that the profit taking downtrend has started, there was one great preparation at 750 level in my another Tron idea , which has failed to breakout, but I have suggested to put tight stop loss , as Bitcoin could still have dipped more and even had , so the finding of another support has begun. When I look at the chart I can tell that 575 is a really strong support for Tron, where it held for 3 days and bound of that level. That means 575 acted again very strong. Stop loss under 560 even thought I dont like stop losses. Lets look at Indicators. RSI shows demand uptrend. MACD shows overall uptrend about to intersect, buyers will be in dominance over sellers soon. EMA trend change if Tron can close above 600. S o I think thats about it.. If you have any Questions feel free to ask me down bellow or at my Discord channel, which you can find at my profile. Hope I made your view on whats going on with Tron somewhat clearer. If you like this Technical Analysis let me know in the comments, Likes are always aprreciated, Thanks ! If I see something worth to share on the chart I will surely do an Update.
by TiborVrbovsky
2
Still on a downtrend. Short.TRXUSD broke the projected 4H Rectangle on an extreme price action but resumed the downtrend, crossing again the intermediate of the 1D Channel Down (RSI = 34.144). Naturally since the price trades around this pivot, MACD= -0.005, Highs/Lows = -0.0029, B/BP = -0.0074, are virtually neutral. This suggests that the downside potential is substantial. With 0.049470 being the Resistance, we expect TRON to gradually decline towards our TP = 0.034219 (March 22 contact point), with 1W pointing to its 0.030110 (March 09) and 0.023083 (March 18) extensions.
BITFINEX:TRXUSDShort
by InvestingScope
TRON UPWARD MOMENTUM NEEDED TO BREAK RESISTANCE Hello everyone! TRON needs to break the .0427 resistance in order to have serious upward bullish momentum. Look for any break in the resistance it could potentially mean TRX could go through the roof. TRX has been bouncing up and down in between the support of .0409 and the resistance of .0427 for some time now. Upcoming we are expecting to see a bullish push in the cryptocurrency market relatively soon. If we break through the .0427 support then we will need a while to recover. Thank you for reading! Throw a like if you agree!
BITFINEX:TRXUSD
by Murph22
2
TP hit. Going lower for weekly support test.TP = 0.046047 hit as the 1D Channel Down (RSI = 31.543, Highs/Lows = -0.0062, BBP = -0.0119) extended to a new Lower Low. The current support is the 0.039841 March 11 contact point, with March 22 = 0.034219 and Narch 09 = 0.030110 just below supporting on a 1W level. There may be two similar Rectangle patterns on 4H, so after a quick consolidation, we expect the price to be rejected off the 0.046047 Resistance and hit the TP = 0.034219. If the 0.046047 Resistance doesn't hold, then the 0.048540 Lower High of the 1D Channel Down should cause the rejection.
BITFINEX:TRXUSDShort
by InvestingScope
TRON, Weak intent to leave the trendThe price of TRON (TRX) reports an increase of 4.10% today Thursday bouncing strongly in the pivot R1 in this 4H chart and its current price is $ 0.0413. TRON continues its Bearish trend and it seems that it wants to stay in the middle of the Bearish Channel, For now the Central Pivot Point is holding the price but a breakout of this could take it to the bottom of the channel, On the positive side we see that indicators are leaving the oversold area and pointing up what can keep the price above the Central Pivot Point .
BINANCE:TRXUSD
by Forex_Academy
Channel Down continuationTron continues to slide lower under the selling pressude of the underlying 1D Channel Down (RSI = 42.197, STOCH = 24.242, ADX = 37.549), though on a much slower pace (MACD = -0.004, Highs/Lows = 0, B/BP = -0.0054) than it did on May. Due to the trade above but near the Pivot Point, 4H is neutral on RSI, CCI, Highs/Lows indicating less chances to make a Lower High at 0.064052 or 0.066697. The most likely scenario for TRX/USD is to hit our TP = 0.046047 (support) on a slow, controlled decline in the coming sessions
BITFINEX:TRXUSDShort
by InvestingScope
Tron (TRX) Ascending Triangle formed. 10% movement likelyTron is currently in an symmetrical triangle in the 1 hour, looking like we will get a 10% movement either down or up. If we do breakup, it will further confirm our uptrend line as it is somewhere around the 740-760 mark. However, more big news is coming for tron, including three new exchange listings coming up in two days. The founder is currently hyping up the super representatives event that will occur on the 26th, so that may have an influence on the price as voting requires Tron. People who get elected to be a node will receive 32 TRX per second if they generate a block, around 50 million USD will be split between the nodes per year. Next news events: Bitforex listing on June 8, 2018. Three boutique exchanges on June 9, 2018 Super representatives on June 26, 2018 Therefore, we have reason to believe that a breakup is more likely. Buy in: 775 price range Sell targets: 850 satoshi mark Stop loss: 748 satoshi level or higher depending on the risk you wish to take. If this breaks down however, it will likely drop to the 700 satoshi level. Thanks for viewing. Please leave any criticisms in the box below. As for me, I already bought my TRX at 774, and hopefully this movement will happen in the next 24 hours.
Long
by HD1184K
3
TRON - fasten your seatbelts!Hey guys, same as with other cryptos, I am expecting a move to the upside on Tron soon. Price is currently trading within a falling wedge and I do expect it to find its trough of wave 4 soon, in order to start its final impulse do the upside. Regarding the buy zone - the zone with the highest confluence lies around $0.055 and $0.05. As written on the chart, if price should enter this zone, I would not consider it to be an overlap with wave 1 as long as price does not fall & close below $0.05. In leveraged and highly volatile markets it is not uncommon for wave 4 to retrace slightly into the peak of wave 1 (does not happen often, but once it does, it doesn't mean the count has been invalidated). However, I also take two other different buy scenarios into consideration - one being, seeing price forming a double bottom around this weeks low and the other one would be that price is at the time of writing forming its first higher low on the 1H timeframe. Subjectively, I see the highest probability with price either hitting 0.055-0.05 or forming a double bottom at this weeks low. Do not forget about the mainnet launch, which will be around six hours (11 AM GMT+8 / 5 AM GMT+2) Objectively, I won't take action until I either see price reacting impulsively with abnormal volume on lower timeframes or seeing today's high being taken out. My projected target is the $0.115-0.12 area. Safe trades! Bud
BITFINEX:TRXUSDLong
by BudBronson
5
Tron (TRX) Support found! Rally up possible. Tron has found strong buying pressure at 800 satoshis, we had a triple bottom on the 4 hour chart. The rally further exemplifies our current short term bullish momentum. However, what was worrying was that TRX dropped 16% overnight, meaning a lot of investors are itching to sell the coin. Furthermore, the forces may turn at any moment, as TRX is having trouble climbing over 875. I do believe most the selling pressure from retail investors is gone however, since we dropped 20 percent in 48 hours. How to trade Buy in: 860 satoshis Stop loss: 847 satoshis Selling points 930 satoshis. (This is possibly the strongest resistance point TRX will face, as the drop was due to mainly bots liquidating, so many retail investors are stuck holding bags around this area) Thank for reading! Leave all your criticisms in the comments below. It helps me improve my technical analysis.
Long
by HD1184K
6
Get Ready For The Tron DipHistorically I haven't been the biggest fan of $TRXBTC Tron, so take that into consideration. I think there will be a sell-off here in the very short term for Justin Sun's little hobby. However, I do think it will rebound pretty hard. I am expecting a full retrace back to the 721 satoshi mark- if you put a buy order in there it may be the easiest 10% you will make in crypto. The price should bounce up very hard back to the .236 fib, and you can thank me later lol. -DY
by dannyyelverton
Tron (TRX) Important level approaching. Right 4/4 times so far.After its run-up yesterday, Tron is currently cooling down. If it can hold the 960 to 980, it is a vital signal of strength for the altcoin. This will decide how far this mainnet launch takes us. *Please note that this is a safer trade but if it does not go to plan, you need to react accordingly. How to trade: If you currently hold TRX, be aware that if we cannot hold the 960 support zone we will probably see a drop of at least 3%. Therefore, we have a stop loss at 957 Buy in (if situation above does occur): 920 satoshi support zone 850-900 support zone (unlikely) If we do hold the 960 support: Buy in: 960-970 support level Sell targets: 980-1081 satoshi range 1100 satoshi level 1260 satoshi level 1379-1400 satoshi level Thank you for reading! Tron has been a perfect target to use TA on, and it has gone 100% to my expectations. Please leave any criticisms in the box below. If you are interested, you can check out my previous 4 Tron charts, where I called the top and bottoms 4 times accurately.
Long
by HD1184K
14