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Tronusdt

Tron with a possibility of a strong leg up!As many people yesterday took a look at my TRX analysis that didn't go as well, as I expected, but still outperformed some alts in the value in which have dropped. The price of TRX was rising strongly against Bitcoin as you can remember from few days ago, and I think with the use of psychology, that many people would like to join this train, same as Omisego next waves. Currently Tron has found support at the bottom of the support from, and I can say it has bounced with over 5% bottom shadow of this candle, which is a strong bull sign! Indicators. EMA's are suggesting a strong volume incoming, or less likely a change to downtrend. RSI is in long term uptrend. MACD wave is likely coming to an end. Enter in the support area. TP1 0.03600 22% ($0.036) TP2 0.04000 40% ($0.040) Stop your loss below $0.028 I am in since $0.02941! Good luck with this trade! Tibor
Long
by TiborVrbovsky
TRX is trying for big breakoutThe technical analysis of price action: If we move to the live chart then it can be easily noticed that the price action is still moving in an up channel and the price is increasing more and more while this movement within the channel. I have also placed the directional of movement indicator and we can see the bullish line that is positive directional indicator is still above the negative directional indicator that is the bearish line. And the ADX is also moving up so we can expect a big move to the upside in the near future. While moving in the up channel the price action also formed a cup & handle pattern. After reaching at the resistance of the cup the price action retraced between 0.50 to 0.618 Fibonacci retracement level and completed the handle of the cup. Finally, the priceline moved up with a powerful bullish divergence and broke out the resistance of handle and also broke out the resistance of the cup. Now after this breakout we can expect that the price action will have a little bit pullback and it will re-test the previous resistance of the cup as support and then it will start the next rally. The priceline is trying to breakout the bit triangle: If we switch on the long-term weekly chart then we have already seen in my previous articles as well that the price action of TRX coin is moving in a descending triangle. And after breaking out from the cup and handle pattern on the daily chart now the price action is trying to breakout the resistance of this descending triangle as well. The price action of Tron has 100 simple moving average resistance at the same level where we have the resistance of this triangle. I've also place the volume profile indicator on the complete price action moving within this pattern. And it can be easily observed that the trader’s interest is very low at the support and from the upside we have the trader’s interest beyond the resistance of this triangle. Therefore there are strong chances that the price action will soon break out this resistance rather to break down the support. The price action has entered in Ichimoku bearish cloud: Now I would like to draw your attention to a very significant signal. If we place the Ichimoku cloud on the long-term weekly chart then it can be easily noticed that the price action has entered the bearish cloud. We have also received the bull cross between the conversion and the baseline. This is very important time for the TRX that at the same time the price action is trying to breakout the triangle’s resistance and entered in a very powerful resistance of Ichimoku bearish cloud. Therefore if the price action will be able to breakout from the triangle then it will be easy for Tron to even break out this strong resistance of bearish cloud as well. And this will be a very powerful breakout even it can lead the priceline of Tron to $0.35 to $1. Conclusion: The TRX is bullish on the charts and at the same time we're having different announcements and good news by team of Tron. So the combination of the news and events and bullish patterns and indicators on the charts together can lead the TRX more strong bullish on the long term.
BITFINEX:TRXUSD
by moon333
1
TRX is bounced form the support of channelHi friends hope you are well in welcome to the new update on TRX coin. The priceline is bounced from the channel: If we move to the live daily chart. Then we can see that the price line is still moving in an up channel as we have already seen this movement is my previous article as well. Recently it is bounced from the support of this channel. I have also placed the exponential moving averages with the time period of 10 and 21 and the price action is using them as a good support. If we watch that directional movement indicator then a positive directional indicator has crossed up the negative directional indicator that is an another bullish signal indicating that this time the price action might again reach the resistance of this channel. The bull cross is expected between SMAs: If we place the simple moving averages with the time period of 25,50, 100 and 200 on the same daily chart then the price line has recently bounced from the 25 simple moving average. Now there is a bull cross expected between the 100 and 200 SMAs. Once the 100 simple moving average will cross up the 200 SMA then it will be another powerful bullish sign and it can be a big invitation to many traders to buy TRX coin more. A big descending triangle: Now if we switch to the long-term weekly chart then it can be noticed that price action of TRX is at the resistance of a very big descending triangle having strong supports of 50 and 25 simple moving averages. I have also placed the volume profile on the complete price action moving within this triangle that is showing low trader’s interest at the support of this pattern and from the upside that trader’s interest is increased even above the resistance level. Therefore we can expect a break out very soon. However, there is a 100 simple moving average resistance above the resistance of triangle that can stop the priceline for the breakout. Ichimoku cloud on weekly chart: Now I would like to draw your attention towards a very big expected bullish move and that is the Ichimoku cloud on the weekly chart. At this time the price line is entering in the bearish cloud and we have already seen at the same time the priceline is also trying to break out the resistance of the triangle. If the price action of Tron will be able to break out the resistance of the triangle then it is possible that it will be able to break out the resistance of this bearish cloud as well. This cloud is getting squeezed and showing that soon it will be turned bullish. Conclusion: Even though the price line is entering in the bearish cloud on the long-term weekly chart. But before moving to the upside the price action of TRX needs to break out the up channel on the daily chart and then the resistance of the triangle on the weekly chart as well. If the price action will be failed to break out the channel’s resistance then we can expect another downward move up to the support of the channel.
BITFINEX:TRXUSD
by moon333
2
TRXUSD has entered back in the channelHi guys and gals hope you are doing well and welcome to the new update on Tron coin. Few days back TRX coin was likely to break down the channel’s support but this week it is again entered in the channel. Even though TRX was moving down with Bitcoin and all top alts to break down the channel but the release smart contract privacy protocol was scheduled on 7th July made this week bullish for Tron coin and this week it has rallied around 21% and re-entered in channel. At this time the price action is likely to re-test the support of the channel. In case of successful re-test the price action can move up to the resistance. And after reaching at the resistance of channel TRX will gain 18% more value. Tron moved back above the EMAs: On the daily chart the price action of TRX also has broken out the exponential moving average 10 and exponential moving average 21. At this time it is again above these two EMAs. From the first week of April 2020 the exponential moving averages 10 and 21 are working as good supports for the Tron. Therefore these EMAs can be helpful for TRX to start the next upward move. The simple moving averages are broken out again: Previously the price action of TRX broke down the 25 simple moving average and in the past week it was at the support of 50 SMA. Finally the price action has again turned bullish and broke out the 25 simple moving average again. At this time the price action is above 25 simple moving average and likely retest as this simple moving average as support. The bullish candlestick is appeared at the ressitance: The price action of Tron coin is also moving in a descending triangle. And after hitting at the resistance it was likely to move down at the support. But this week we have a bullish candlestick that is again going to hit the resistance of the triangle to make another attempt for breakout. Turning from bearish to bullish at the resistance is another very positive sign in favor of bullish momentum. The price action might not re-test the previous support: If we watch the different support and resistance levels on the daily chart then TRX has the support at $0.0127. And after the rally of this week the price action is in the correction mode. But as we have the 25 and 50 simple moving averages as good supports and the price action has just broken out the 25 SMA. Therefore there will be less chances that the price action will be dropped down again at the support. Bullish Shark move: Now I would like to draw your attentions to the chart that I posted on September 2019 where I revealed that the price action of Tron has completed the formation of Shak pattern. At that time it was in the potential reversal zone of Shark. Finally the price action Tron turned bullish in January 2020 and produced more than 114% bullish rally and dropped down again in the potential revesal zone. At this time the price action is again turning bullish and moving above this PRZ level. Therefore I am expecting a sequence of the bullish candlesticks on the monthly chart that can lead the price action of TRX towards a very long term bullish rally. Conclusion: Few days back the price action of TRX was bearish on short term and on mid-term but now it is turned bullish on short term and mid-term as well. However, we should set our stop loss the support of the up channel that has been formed on the daily chart to minimize the risk factor. Note: This idea is education purpose only and not intended to be investment advice, please seek a duly licensed professional and do you own research before any investment.
BITFINEX:TRXUSDLong
by moon333
1
TRON: Buying Opportunity if Bitcoin Moves UpLet's imagine that Bitcoin is moving up. If so, TRON coin can give us a possible buying opportunity. Let's look at the daily timeframe. The price bounced from the support zone formed by SMAs with different periods and the local uptrend line. Now the price is at the weekly downtrend line, and the price action at this zone will be able to give a trading signal. If the price breaks this downtrend line, it will be possible to open long positions with stop orders below the support zone. Profit targets can be based on the resistance levels. MACD and RSI are going to support an upward movement. There are 2 questions, which you should take into consideration: do you believe that Bitcoin is going to continue the upward movement? do you think that TRON has a solid fundamental background? If yes, probably for you this market should be added to a trading portfolio. Share your ideas about this coin. Do you believe that the market will be able to move back to the resistance? P.S. as I don't use like-bots and other solutions that show great "interest" to my posts, I will be grateful if you support my work by your LIKEs and comment. Of course, if you can do it. The feedback from REAL people is priceless! Disclaimer! This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Long
by DLavrov
10
TRXUSD a short term correction before the next bullish moveHi guys hope you are doing good. In today's article we will watch how the Tron is completing the setup for the long term bullish rally that can take the price action of TRX to $1. Up channel, moon phases and EMAs: The price action of TRX is moving within an up channel since after mid of March 2020. During this bullish move the price action of TRX is using the exponential moving averages 10 and 21 as strong support very well. Whenever the price action reaches the support of these two moving averages it takes bounce from here and reaches at the resistance of the channel. Recently from 21st May to 29th May 2020 the price action was moving sideways at the support of the channel and above the moving averages and finally it has taken another bounce and produced more than 17% rally. Here I have also placed the moon phases indicator. That is very useful to determine the bearish and bullish trends. On the chart, you can notice there are full moons and also dark moons. The distance from one moon to another moon is called a synodic cycle that is 29.5 days long. The most recent full moon has appeared below the resistance of the channel. And at this time priceline has also reached the resistance of the channel, therefore the full moon is indicating that it would be difficult for the priceline to move up more from this level. If we take a look at the most recent dark moon then it has appeared below the support of the channel. Therefore there is a possibility that the price action of Tron can reach up to that level. However, for the breakout we need that next dark moon within the channel and the new full moon should be appeared above the resistance of the channel. Simple moving averages turned more bullish: I have placed simple moving averages with the time period of 25,50, 100 and 200. The price action has crossed up all the simple moving averages. And the 25 simple moving average is moved above all other simple moving averages that is very positive move. Once the biggest time period moving average that is 200 will be moved below all other moving averages then a complete opened alligator mouth by the simple moving averages can be formed and once this alligator mouth will be completed then a strong upward move can be triggered. At this time the 50 simple moving average has almost formed a golden cross with 200 simple moving average. That is a very warm invitation to the traders as this golden cross is considered as a very strong buying signal among the traders community. A descending triangle: On weekly chart the price action of TRX is moving in a descending triangle. When I posted my previous article the price action was very close to the support now at this time the priceline of Tron has reached at the resistance. There is a very positively signal by the Bollinger bands that it has moved above the resistance of the triangle. Therefore it will be easy for the priceline to have break out. I've also placed the volume profile on the complete price action moving within this triangle that is showing the traders interest up to $0.026. That is clear indication that we have the traders interest above the level where the price action is moving at this time therefore it can be traded more higher. Priceline is moving towards next resistance level: If we watch a different support and resistance levels on the long-term weekly chart. Then it can be clearly noticed that after the strong bearish trend in the month of March 2020. The price action reached up to the support of $0.0127 and bounced from there. Now at this time the price action is moving to next resistance level of $0.023. This resistance is not broken out since it was broken down in August 2019. Then we have the next resistance level at $0.031 and if this resistance will be broken out then we have another strong resistance at $0.04 cents. And this resistance is also not broken out since after July 2018 when it was broken down. In case of breaking out the $0.04 resistance, the next resistance level is 8 cents because TRX doesn’t have any significant resistance between these two levels on long term chart. The $0.08 resistance is very strong as it is not broken out since May 29 2018. And once the priceline will be able to break out this key level resistance then within no time it can reach up to 35 cents. Because there is no significant resistance on the long-term between 8 cents and 35 cents. And if $0.35 resistance will be broken out then the price action can reach up to $1 is well. Conclusion: As at this time the price action has reached up to the resistance of the channel. Therefore there is a possibility that on short term Tron will start a correction rally up to the support of the channel. And that is at $0.015 and this is the level where the TRX has the 25 simple moving average support. However, on the long-term price action of the Tron is bullish
BITFINEX:TRXUSD
by moon333
3
TRX - Walks around resistanceTRXUSD is trying to overcome $0.016 resistance, quite a strong level as you can see on the chart. Although I'd like to mention it's not completely right to review TRXUSDT instead of TRXBTC when bitcoin that bullish. But anyway, IF we'll break through it, I plan to long a retest (like in previous time), targeting 0.0185 BTC. Observing ETHUSD and its rapid growth in the last couple of days I think TRX has a decent chance to repeat the same. Hit the "LIKE" button and follow to support, thank you. Information is just for educational purposes, never financial advice. Always do your own research.
Long
by Bitduke
These Moves Can Lead The Tron To $0.35Hi friends hope you are well and welcome to the new update on Tron. After the drastic drop from Feb to March 2020 the TRX has started the recovery rally like all other top coins. On daily chart the priceline has formed an up channel for the upward movement and recently on 10th and 11th May we have witnessed strong bearish candlesticks. And at that time the TRX was likely to break down the channel support. But now the candlesticks are moving side with the support and weak bullish candlesticks are appeared signaling that the bears are losing control. The exponential moving averages: After the death cross between EMA 10 and exponential moving average 21 on 25th of February the price action was facing a strong bearish trend. Finally on 7th April the EMA 10 crossed up the EMA 21 and formed the golden cross. Since then the price action is using the exponential moving average 10 and EMA21 as strong support. We can see from 10th to 22nd of April the candlesticks had been moving sideways on these EMAs and used these exponential moving averages as support very well then moved up and started the next rally. at this time the price action is again moving sideways on EMA 10 and 21 and using these exponential moving averages as a support. Therefore we need the closing above these EMAs for the next bullish rally. The simple moving averages: If we watch the simple moving averages on the daily chart then it can be clearly seen that since the price action has turned bullish in the mid of March 2020 it has easily broken out the 25, 50, 100 and 200 simple moving averages. After breaking out the 200 smple moving average the TRX tried retest the previous resistance as support but could not retained its position and moved down at 25 simple moving average again. At this time 50 SMA is moving up to form the golden cross with 100 in 200 SMAs. Once we will have the golden cross between 50 and 200 simple moving averages then it can produce more powerful bullish rally that can help the price line of TRX to break out the resistance of the channel that has been formed on the daily chart. Triangle on long term chart: Now if we switch to the long-term weekly chart then the price action of Tron has formed a triangle. And after hitting at the support it is getting bounced from there. I have also place the volume profile on the complete price action moving within this triangle. that is showing that the traders interest is very low below the support of this pattern. Therefore when the price action moved down where the trader’s interest was very weak TRX turned bullish and now it is likely to make another attempt to break out the resistance of this triangle. If we watch the movement of Bollinger bands then the upper band of the bollinger bands is above the resistance of the triangle. That is very positive sign and that will be helpful for the priceline for the breakout. Because if this bollinger bands would be below the resistance of the triangle then it could play a role of strong resistance to stop the priceline reaching the triangle resistance. The breakout from key level resistance can lead Tron to $0.35: Now I would like to show you the long-term resistance and support levels on this weekly chart. In my previous article we have seen that the priceline was at the support of $0.0127. Now it is getting bounced from the support and moving towards the next resistance level of $0.023. On this chart we have a key level resistance at $0.04. This $0.04 resistance level is very strong because since July 2018 when it was broken down the price action is not able to break out this resistance level again. Once the Tron will be able to break out this key level resistance then there is no significant resistance level between $0.04 to $0.08. And in my point of view once the price action will break out this $0.04 resistance level then TRX will easily break out the next resistance level of $0.08 and then this breakout can lead the price action to hit the previous highest price of $0.35. Big bullish harmonic move: Here I would like to recall a very big bullish Shark pattern that has been formed on the monthly chart. I've also shown this pattern in my previous articles as well. I was expecting that after taking bullish divergence from the potential reversal zone of this pattern the price action will breakout all resistance levels on long term. But unfortunately after taking the bullish divergence of 114% the price action again dropped down in the potential reversal zone. But this buying zone level is a very strong support therefore the price action is likely to move up again on the long term and soon it was start a sequence of green bullish candlesticks. I am pretty sure that this bullish Shark pattern will be very much helpful for Tron to reach the previous highest price level of $0.35 that is more than 2000% from here. Conclusion: Further bullish movement depends in breaking out the 100 and 200 SMAs and the channels resistance on the daily chart. Once the price action will breakout these resistance levels then TRX can break out the resistance of triangle on long-term weekly chart then it can break out the key level resistance of 4 cents to achieve the highest price of 35 cents on long term. Note: This idea is education purpose only and not intended to be investment advice, please seek a duly licensed professional and do you own research before any investment.
BITFINEX:TRXUSDLong
by moon333
2
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