Tronusdt
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 $20 million TRX buyback by the TRON Foundation and slap a trade ban.
In terms of technical, the bears are seizing the opportunity of a potential double top bearish pattern to trickle price down further. So far, the only holdback is the ascending trendline support but it seems the odds are currently in favor of a breach below this key level soon. As long as price remains in the NO TRADE ZONE, risk-averse traders should stay away from the TRX/USDT markets until the pair bottoms out or breaks out, whichever comes first.
TRX - TRON IS SETTING UP AN EASY TRADE - 50%BINANCE:TRXUSDT is setting up an easy trade opportunity with great risk-reward ratio.
Buy-Signal: Tron is approaching a very strong support channel on the daily chart. The channel was established during the heaviest dip in the bear market also combines the support of the recent low. It is a straight forward trade. Buy the green zone and stop-loss if the price closes underneath the green SupertrenD support channel. the recent price action also established a new resistance channel. Even though it is lower than the channel before, we still get a price target of around 0.033$ - 0.035$.
Buy when the price is in the green and sell the resistance channel. Stop loss underneath the green channel.
I hope that was helpful.
Best,
Felix Kewa
TRON Bullish Divergence Spotted!!! Time To Go Long? Lets See!Hello readers,
Recently, I spotted a bullish divergence in the money flow indicator for TRX, indicating new money is now coming into the coin.
This is a possible long. We will be using Bitmex to long the TRX derivative, TRXM19.
Trade Instructions:
Trade: LONG TRXM19
Current Price: 0.00000513
Time Frame: 4 hour
Leverage: 10x
Buy in: 0.00000513 - 0.00000510 - 0.00000508
Take Profits:
1. 0.00000519
2. 0.00000522
3. 0.00000525
4. 0.00000529
Stop Loss: 0.00000488
Estimated Liquidation Price: 0.00000475
Profit Potential: 31.19% ROE
Capital Allocation: <4%
If you appreciate these trades, feel free to leave a like!
-Shaggad
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/USDT maybe just finished correction.Bounced of the 0.618 fib level, which is good.
We could use the fib levels as support and resistance, also i've included several supports.
Might still be bullish, in addition to that niTROn (tron event) is just around the corner.
Also, stochastic RSI is still on the oversold area.
Disclaimer: This is not a financial/trading advice.
Cheers,
cryptovan168
TRX price update: TRX/USDT and TRX/BTCHello people,
As we can see on the chart, TRX had a massive bullish impulse, but again got rejected from the same resistance.
We can see the picture more clearly on the daily time chart:
Current price is testing 0.382 Fibonacci retracements of the last bullish impulse. This level is also important because it was the last higher high TRON managed to break on a smaller timeframe. If the bulls manage to hold these prices we can soon expect another attempt towards higher high on daily. This scenario would be very bullish.
On TRX/BTC chart TRON looks very good:
It broke massively from the iH&S structure and is now retesting the neckline. If the bulls manage to hold that support line we can expect a huge move to the upside:
Be patient and trade safely.
TRX god bless america! soar high.this could be the end of the the C corrective wave with a nice double bottom. we could MAYBE pump up and get rejected at the trend line come back down and try a triple bottom. but this is playing out nicely. TRX has soooo much potential and has been labeled the ETH killer. remember this coin was created SEPTEMBER 2017! this coin has only had its first impulsive wave and first corrective wave. expect this one to be ONE OF THE TOP gainers in the next rally. this thing is ready to soar.