TRX
MY MINIMALIST CHART ANALYSIS FOR TRON
$TRX
12.04.21
0608H +8 SINGAPORE
Disclaimer:
The findings of the following analysis are the sole opinions of the publisher of this idea and should not be taken as a piece of investment advice.
ALERT: Done with BEAR TRAP, and now must go back to recent support before the BIG PUSH UPWARDS.
LOOKING FOR THE BEST ENTRY to a SWING TRADE.
We are now looking at a NEW ENTRY POINT in which the market has contracted significantly.
VITAL SIGNS: RSI, STOCH, and VOLUME are all looking good. We are waiting for the final accumulation and distribution and then the COILING of THE MARKET.
The previous SWING ended pretty well with amazing profitability.
The Market had amazingly moved along the TOPS and BOTTOMS of our BOXES, signifying TURNING POINTS of PRICE ACTION, and verified by major FIB levels.
Hoping that this MINIMALIST BOX CHART ANALYSIS will efficiently help you with your DYOR as we climb this NEW SWING.
Happy Trading Everyone!
INSTRUCTIONS: HOW TO USE THIS MINIMALIST CHART
"FOLLOW THE WHITE RABBIT!"
Just Follow the TOPS and BOTTOMS of the BOXES as a GUIDE where the MARKET will take you.
Created on a MONTHLY, WEEKLY & DAILY Analysis of a MARKET'S CHARACTER.
It is designed for SWING TRADES at the LOWEST or START of a SWING CYCLE.
TARGET ZONE IDENTIFICATION
The LARGE BOXES (Tops and Bottoms) are MAJOR turning points that will occur sometime in the future. While the SMALL BOXES (Tops and Bottoms) are MINOR turning points.
These can be entries to a BUY/ SELL POSITION, EXIT/PARTIAL EXIT/TOP-UP AREAS, as well as Support and resistance levels
Also includes MAXIMUM TARGET EXIT AREA OF VALUE - CONSERVATIVE (If price action conditions are right at that given moment.)
At times I include WAY BEYOND PARABOLIC Price TARGETS depending on The Character of the Market (CRYPTOS ONLY).
DYOR for your Volume, Chart Patterns, Candlestick Math, FIB COILS ( ABC ), Price Action, FIB LEVELS, Market Dynamics, especially institutional and retailer trading psychology.
NOTE: That PRICE TARGETS for ENTRY and EXITS are DYNAMIC and can CHANGE from time to time, depending on the dynamics of the market.
Wishing you all The Best Trades and Thank you all for your Appreciation and Support of My Work.
Much thanks to My 3 Mentors. They are so much of a Blessing that I also wish to share my knowledge.
Vive Le Autist!
BitTorrent BTT poised to break ATH, 50x-200x potential
Earlier in April 2021 BitTorrent BTT posted 8000% gains from bottom to top, now its looking to post between 5000%-20000% gains if and when BTC breaks out past 70k towards 130k in the next 1-3 months.
Don't forget in Dec 2017 / Jan 2018 Tron TRX rose to 1/5 the market cap of Bitcoin BTC.
I believe BTT has the "pumpamentals" (low price, hypeability) to perform similar to TRX, as well as notable meme coins DOGE and SHIBA.
RSI crossing signal line.
BBWP generated vertical blue signal line, indicating major price volatility incoming.
PMARP crossed signal line and bottomed out, indicating accumulation window concluding.
TSI bounced off -25 and is about to cross the signal line, indicating a buy signal.
CMO crossed below -50 and moved back above it, indicating a buy signal.
CMO is about to cross above the zero line, indicating a buy signal.
SMI bounced off -40, indicating a buy signal. (If SMI crosses zero line, another buy signal would be indicated).
TRXUSDT 4HHi everyone
The price of TRX is ready to record higher ceilings
The $ 0.10 resistance level is the first hurdle it faces
If buying pressure continues to rise, investors can expect to try again at $ 0.11 and $ 0.12.
Prices are required to stabilize above $ 0.92 to maintain buying pressure Is
Failure to maintain the price above the support puts the price on a downward trend in the area of daily demand, which ranges from $ 0.082 to $ 0.087
Buyers can return to the market as long as prices remain above this range
But with candle closing below the $ 0.082 level, the uptrend scenario will be nullified
Thankful
TRX/USDT Bullish diverging Start Now Hey, This is Tayyab Riaz Here Today we are discussing a Blockchain base Coin that's named Tron.
on 1 Day chart Tron looks bullish as MACD and RSI Indetacor and in the chart FIBR .
The wave lines show double top and double bottom if Tron reached our 1st buying target we hope it will cross 2 buying point with 60% Profit
If u feel good about our signal like and share and follow me for regular updates.
Signal By #BTM Team
#TRON
#BTC
#TRONanalysis
TRX (TRON) UpdateHi Traders,
Welcome to my update regarding TRON TRX technical analysis. As you can see we popped out of the down trend with a nice bullish run. The technical pattern that broke out was a falling wedge idea. In this trade I took 50% of my profit at the first target thus to give myself a better entry if we pulled back. Which as you can see in the chart we have came back down to the entry zone of the original breakout. After making a new local high and a new local higher low I have been given extra confidence that this trade will head to the second target area that I posted in the original trade. Therefore, I entered at the original breakout area giving myself an extra 40% profit potential on this specific trade.
Fell free to ask questions in the comments.
Have a green week!
Savvy
TRON preparing a parabolic rallyTRXUSD may be at the final accumulation phase before a strong Parabolic Rally. It is trading on a Golden Cross on the 1D time-frame since mid September but is under the Resistance of the Lower Highs trend-line that started on the April Top.
We can see almost the same sequence printed from September 03 2020 to January 30 2001. The price was at the time trading sideways, under the Lower Highs pressure but supported by the 1D MA200 (orange trend-line). When the Lower Highs trend-line broke and closed more than one 1D candles above it, a strong parabolic rally started.
The target of that rally was the 1.5 Fibonacci extension on the Channel pattern. Will that be the case this time around also?
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TRX Possible PathsTRX is suffering from a lack of confidence exacerbated by the news this week that eToro would be removing trading of TRX for US users. (www.etoro.com) If TRX successfully bounces in the next couple of days, it could reach 0.114 in the current channel in the next couple of months or 0.14 in the next quarter. The next major levels to watch are .067 with recovery to 0.88 and .041 with recovery to 0.058, but I think the lower bounce is very unlikely unless more bad news emerges around TRX.
BITCOIN Could Hit 80k Before Wave-B Ends (Elliott Wave)If Bitcoin breaks the 69k resistance then wave-B could run to around 80k by Thanksgiving. This should then be followed by a large C-wave which will take us under 50k in the first quarter of 2022, before a massive run later next year.
The small Wave-c of B is still a couple weeks away from its time target, and some alts like TRX, are also still below their price targets of higher than the beginning of wave-A. Bitcoin also reversed the first sell signal we got, and the longer term momentum looks like there could easily be a couple weeks of green left before we top out.
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Happy Trading
Good Luck
TRON - 2h TF AnalysisIn a 2-hour timeframe, The support of 0.097 is very important right now. If this support is strongly broken, then I expect it to drop to lower targets. In the $0.09 area, there is a possibility of reversing the trend. If you want to trade (Long or Short), check the price reactions in the ranges I have drawn.