Trxbnb
TRON - OPERATION MARS3 main levels i see.
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0.02 cents push to 0.04 cents
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0.04 cents to 0.07 cents
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0.07 cents to OPERATION MARS
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20 / 50 SMA are kissing on the DAILY chart ,
also early SMA signals crossed on WEEKLY chart.
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Volume profile range shows biggest fight around 0.04 cents range.
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I do think the whole chart for TRON is fresh and has only had 1 major cycle.
If you apply elliott wave theory this chart it shows to be approaching its 2nd impulse following
an ABC MAJOR correction.
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Double bottoms in play
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ABC Correction is a massive Falling Wedge corrective patter.
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TRON has a solid project and a solid team behind it.
New announcements
New updates
New currency pairs
New partnerships
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Expect TRON to do MAJOR things in the NEAR future.
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The crypto market soars high fast and comes back down very slowly.
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Don't Miss out.
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Not Financial Advice.
Detailed look why I'm bullish on TRXThe pump that occured in april 2018 has a similar pattern that is going on right now.
We are trending very tight squeeze with a lot of doji candles right below the main resistance level.
If you compare the chart above to the one below you can see the comparison.
We completed 5 structures on both charts and than squeezed sideways till we popped.
Notice the 20 / 50 SMA cross as we pop.
I do think this is a BIG A B C correction from ATH.
TRX TRON is a fresh product and a fresh chart with tons of announcements and development.
I'm expecting BIG GAINS!!!
Tron (TRX) Update 4 Beginners (When Will Tron Go Up?)When I saw Tron (TRX) on Binance going up yesterday, I wanted to post an update to suggest caution. As Tron is part of the cryptocurrency markets and the market is going through a huge correction.
I know that many of the Tron traders are beginners, as Tron was only available on Binance first and Binance took the job of taking in all beginners crypto traders. That's great, we love you, everybody is welcome to trade crypcoturrencies, "The Stock Market for the People" and opportunity for everybody.
But there are a few things that are important to know about when trading in these markets.
One common mistakes we beginners make is to take any "pump" (an increase in price) and live by it. As soon as there is some movement that supports our thinking, desires or expectations, we tend to go all-in into it, which can later come at a huge price.
I am sure this is happening for many of the new Tron traders. Here is an update just for you.
Tron (TRX) needs to retrace longer before starting a new bull run.
Tron top was reached on the 5th January 2018. After we reach a top, we normally go on a retrace. We know that the cryptocurrency markets are fast, but they are fast compared to traditional markets like the stock market. For a retrace to be completed we need at least several months, that's fast because stocks can take years to complete a retrace / correction.
When the top was reached, I received hundreds of messages afterwards asking to review Tron as a new run was starting... I kept on saying "We just reached a top recently, what follows is a retrace, please allow this coin some time before we can visit again". Over a month later and Tron is still retracing.
Just like Bitcoin and the rest of the market, this retrace isn't over.
Look at the chart above for possible support levels. If one support level is broken we visit the next one. The 380 satoshis (0.00000380 btc) support level has been holding strong.
The indicators are bearish, the chart is bearish, we seem to be on a consolidation stage with bearish tendencies (which means that it can go sideways but breakdown at any given time).
So here comes my suggestion for you: If you want to trade Tron, wait a bit longer, watch from the sidelines and buy-in when we reach the bottom. When the bottom is reached you will see many signals confirming just that. When a new trend is formed, you will also have many signals. You can check here on Trading View and you will have many updates... For now, stay away from this coin, it is going down some more.
Namaste.
TRX to bleed more?Hello Friends,
Here is my view on TRX,
Currently, it seems like support is holding the price. But volume is very low at support means people are not showing much interest. I dnot see a decent bounce from support which can give hope and gain momentum.
So, it would fall more.
I would watch the chart again with my alert setup when it breaks the triangle. I would be happy to buy on the breakout, but now with strict stoploss.
a close up view:
Tronix - Who Needs McAffee Pump and Dumps?(Trade this coin on Binance in my signature below)(And check out the cute bulls in the apparel shop)
TRX is one of the coins I've been trading but haven't been able to chart because Binance. Thanks TradingView!
This was McAfee's last call before he stopped doing Coin of the Day and got "hacked". As you can see, it didn't do much.
This coin has skyrocketed from under a cent to where we are now.
It may have some fundamental value and it may not in a sea of altcoins all promising the world and huge innovation, but, in any event, we're looking at a larger descending triangle on TRX and it gives us an opportunity to make a trade.
LONG
Entry: 235-245 Sats
Target: 355-365 Sats
STOP: 210 Sats
Target is based on the .786 fib of the most recent move measured from breakout to the top, which conveniently converges with where the ramp/mean/trendline from the breakout was broken.
Stop on this trade should be tight as a break downwards is likely to indicate correction and confirm downtrend.
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