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Trxbreakout

Tron (TRX) Ascending Triangle formed. Breakout possibility.With the Tron main-net launch coming out in the next two weeks, it is almost impossible for us to remain below the 850 satoshi level. We have seen strong resistance at the 850 mark, but support has been moving upwards on the 4 hour time frame. We already have hit to reaction highs and two reaction lows, so in theory the ascending triangle has been formed. Trade Signals: Rising support at 740 and 780 satoshi levels. Likely forming an ascending triangle. Still in an altcoin bull market, people still investing into new ICO's, evident from Ethereum transaction volume How to trade Buy in: Weak support around 820 with a tight stop loss, (suggestion might be 816) Somewhere on the trendline, currently around 800 satoshis. Sell targets: 865 -899 satoshis 1000-1081 satoshis 1200 satoshi level 1400 satoshi level (unlikely) Thanks for viewing! Please leave any suggestions in the comments box below. You also might want to check out my "tron private test" and "Tron (TRX) Time to get back in after the correction" charts. I am currently giving out some private high risk charts for day traders, so please message me if interested. They will be similar to the "tron private test" chart, but I don't post them publicly because tradingview prefers longer term ideas since traders cannot cash in on shorter day trade ideas.
Long
by HD1184K
2
Tron (TRX) Time to get back in after the correction (+22% BTC)Tron will be launching their main-net on May 31st, and during the month of June they will be electing their super representatives for the Tron community. It's easy to predict that the price will rally during the news, but the hard part is calling the bottom. Signals: BTC dropping to close to 8000 USD, which is the big support level for bitcoin. Bullish divergence forming on the 4-hour chart assuming we can hold our current level. How to trade: Buy In: - Current level of 730 if you believe downside is over short-term - 680-700 satoshi range which is likely where we get another bounce. I have set most my limit orders at this level. Sell Targets: 899 satoshi level (Main target) 1000 satoshi level 1200 satoshi level Stop Loss: Under 650 satoshis. The rest of my targets have been highlighted by a red square, but I believe the mainnet pump is unlikely to get too far past 1000 satoshis. My personal strategy for trading the hype for TRX. 1. Buy TRX at lowest level possible before first major awareness tweet & sell after bearish divergence on the 4 hour RSI. This date has been shown using the first vertical blue line. 2. Buy back in after a correction of at least 10%. Sell 90% 2-3 days before the mainnet launch. This date has been shown using the second vertical blueline. 3. If we are in a bullish trend, buy back in once again in after correction in anticipation for the TRX super representatives election. Thanks for viewing and good luck on future trades! If you have any comments or constructive criticism, please leave them in the comments.
Long
by HD1184K
3
TRX... under my imaginationIn my mind.. there was a bear appearing who shows hes shoulders&head... and There was a dream with animals and darks caves... Just what in my imagination appears to be ... two gartley's and one butterfly... which Gartley I appears to be the right one.. BUT..price is fighting against the top of the trend + ema21...and with the support zone have formed a pennant right in the downway.... for last, but not least, MACD is converging and has just crossover saying "more bears are comming".. maybe to reach Gartley II. ... Well, that was my imagination. All comments are welcome. Good Trade -CJ-
BITFINEX:TRXUSDShort
by CristoJaraba
4
Tron in a Pennant Breakout Pattern.Hey, I am back with another Technical analysis this time looking again at TRX. Last time there was a Ascending triangle that soonly have seen a breakout few hours after publishing that Analysis. Tron had a lot of controversy in the past, but the creator really believes in the Tron with the whole China being excited for tron, at 31. May is Tron releasing they Main net, which can lead to a pump or a dump. That was in short about Tron. Taking look at the chart. There is a Pennat breakout Pattern that has formed. Taking look at Indicators. MACD looks good, sellers are slowly leaving, buyers incoming, about to give signal to buy. RSI is crossing 50 level to be bullish . Stoch shows bullish divergence I think thats about it. Hope I made your view on whats going on with Tron somehow clearer. If you like this TA let me know in the comments, Likes are aprreciated, Thanks ! If this gets a little bit of attention, I will update!
by TiborVrbovsky
18