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Trxbreakout

TRX - The sleeping giant, waiting to be awaken by BTC.We have a clear symetrical triangle, that previously looked like a head and shoulders pattern. As this depletes the sellers back closer the support line, we can see a break out may be imminent. While the degree of breakout is unclear due to BTC being the driving force in the market right now, there is a slight possibility in this being a decently sized 1-5 EW pattern. If we have seen the first two waves, as marked, we could be in for some fireworks for an upcoming wave 3. This is all speculative at this point, but has a possibility of occuring if BTC can stabilize for a bit. The volume has dropped a bit, but is still enough to produce such a pattern, if conditions are favorable. Will post an update tomorrow night, as we see what unfolds.
by Pburke2323
5
TRX - Breakout possible, if conditions are favorable.If you check my previous post, the pattern is holding true. This is a slightly downward facing triangle, that currently is squeezing out the last of the sellers before another breakout point. I think this coming breakout point will be more significant, as BTC is stabilizing above 11.5k. Watch the 4 hour charts to see this squeeze a little further until the apex point. The breakout is very likely as it hits the apex, but how the breakout looks will remain to be seen. So far, we've seen a breakout, and then an even smaller right triangle each time, but one of these could give to a new ATH if the volume if 1) the volume is significant enough, and 2) BTC has stabilized. BTC is the driver right now, and if it remains in it's current up-trend, we can expect the alts to continue to suffer until people decide to pull from BTC and invest in the alts. Either way, things still look good for TRX, and we'll just have to wait a bit longer for a meaningful breakout.
by Pburke2323
Screw clickbait.I simply think it s time to buy TRXHey guys,here's another analysis,this time on the popular coin ''Tronix". I'll let the graph talk for itself this time,as i don't really have much time to develop my ideas. Keep in mind that i don't encourage or remotly care about the FOMO going on with this coin at the moment,but i DO believe that the amount of coins that are going to get burned until the end of this month will have a HUGE impact on the price. If there's anything you think i got wrong with my TA,or if you simply want to say your opinion about this,please leave a comment. If it drops under the yellow support,i think the safest thing to do would be to wait and see,as the price might do a complete fibonacci retracement(which i highly doubt btw) Best of luck P.S.: I hope you got a nice profit from yesterday's calls on OMG and ETC.Still waiting to see how NEBL develops though ;)
Long
by The_Sparrow
TRX - It's day will come!Previously I had posted that while we broke out at the apex of a right triangle, we could be looking at another slightly downward triangle, which is noticeably smaller than the last. We also may be in wave 3 (which we know is generally the longest. If we are, and we approach the top of the triangle, we'll need significant volume to break through that resistance point. If that happens, we could be off to the races to finish wave 3 before a correction. If the focus remains on BTC for the time being, and not there isn't enough volume/buyers to break the resistance, we're likely to see it bounce off the resistance, and remain inside the triangle until more sellers are depleted. This could take us to the apex point of this smaller triangle before the next attempted breakout. A second and more likely scenario as time passes is that we're just about to complete a head and shoulders pattern, which will drop us back to support levels in the next day or two, and from there we'll see a bounch off the floor, and a pattern that may mimic the further elliot wave pattern shown to the right of the first one.
by Pburke2323
TRX - May need a bit longerTRX (Tron) did break out of the last downward pointing triangle, as expected. Sellers were too depleted by that point, as we can see by squeeze occurring toward the apex of that triangle. It broke out slightly, with some large volume, but since has trended back into a pattern that may be another, albeit smaller downward pointing triangle. If this is the case, we may see targets within the triangle over the next week, while more sellers get squeezed out again. Notice previous to the last triangle, there were others prior, and each time they have reduced in size and duration. If this pattern continues to play out, we can expect it to be shorter than the last, and another possible breakout at the apex. For the breakout to be substantial this time, we will need bitcoin to stop climbing, as nearly all alts right now are bleeding due to people taking money out of them, and riding the bitcoin wave.
Short
by Pburke2323
Tron breakout will take place in a very short time.As you can see from the chart TRX is reaching the end of the pennant and this clearly means that we'll see a breakout, if volume increase. Theoretically speaking it should break the yellow support line at 395 but there is also the opportunity to form an uptrend. If this scenario happen, if there will be a breakout of the resistance line, we'd expect a huge growth in price. If price goes down that yellow support line there will be another support at 333 sats. If it breaks too, another one is at 220. Before entering every trade wait for the breakout.
by fedeman23
trx price analysis (tron price analysis)hey friends trx is forming falling wedge and it have a good chances for breakout don't buy now wait for breakout I have circled their buying volume is increased and it may breakout soon wait and watch for breakout it needs to breakout with good volume we can see that cmf showing negative it needs to form upside which shows trend and volatility with good volume so wait breakout soon buy after breakout good luck , keep earning, good bless you.
by Sunny_Sharma
Update: TRX already for a W bottomHello Note: don't buy or sell based on those information, they are for learning purpose only. This kind of late Update, lol So as you can see i add a W bottom to TRX, it make sence because we can't have an UP-Trend without bottoming the market and make an end to the Bearish market (down trend). We can see that the projected price was perfectly reached after the chart broke the W bottom support, now we are in the continues triangle, see my previous Post about TRX, i explains everything about it Good luck Happy trading
BITFINEX:TRXUSD
by brayeeen
Buying the breakout of a second wave on yearly trend is $$$$Confirming 2cnd impulse wave has started.... now where we go in the next couple days will tell us if we go the long way to 70 cents which i prefer or the short way. I prefer the long way because if we go under 32 cents we will form another cup plummeting price to the bottom trend line where we reposition. I bought at 3 cents 10x my money now I have 8x more position laddering in from 3 to 7 cents!! Hopefully we are blessed with the long road!! Patience
Long
by savenido
3
TRX TRON #TRX CLOSEUP LOOKS VERY SIMILAR TO THE BIG PICTUREI BELIEVE THIS IS MORE OF A 1 AND 2.... JUST LOOKING AT THE INVERTED HEAD AND SHOULDERS COMPLETING THE MOVE RIGHT AFTER THAT WAS A NICE LITTLE BREAKOUT UP 40 PERCENT..... THIS NEXT WAVE SHOULD STOP 5 PERCENT ABOVE ABC CORRECTION AS INDICATED IN OTHER TRXBTC POSTS WE SHOULD BE SIDEWAY FOR A COUPLE MORE WEEKS OF ACCUMULATION TIME. THAN TO NEXT STOP ON THE ROAD TO 75 CENTS IN 7 MONTHS..... ID JUST ACCUMULATE. BOLLINGERS ARE TIGHTENING AND PRICE ACTION ON BOTTOM WE ONLY CAN GO UP BUT MIGHT SEE SOME SIDEWAYS ACTION BETWEEN THE FIBONACCI LINES
Long
by savenido
TRON TRX Long Term 1000% Potential (HIGH RISK)Tron has phenomenal potential of reaching ATH before summer, however you should be aware that while we are in accumulation stage, we may see drops which may be damaging to those investors who have twitchy fingers and short term investors. We personally will be holding, however you should know that we only hold between 10% - 25% of TRON in our portfolio. Please understand that this is a HIGH RISK - HIGH REWARD trade scenario. We do not recommend investing too much into TRON if you're a short term - medium term holder/trader. With that said, TRON has huge potential of bouncing off any of the 4 supports we have highlighted on chart, especially if TRON foundation releases positive news. IF YOU'RE NOT FOLLOWING US, YOU WILL NOT RECEIVE UPDATE NOTIFICATIONS NEVER INVEST WHAT YOU CANNOT AFFORD TO LOSE. WE ARE NOT YOUR FINANCIAL ADVISORS.
Long
by CryptoManiac101
1
Short-term BULLish TRX/TRON - BTC Hello all! This is my first public analysis of why I am BULLish of TRX these next few days/week. I have been researching/learning/practicing technical analysis for about 3-4 months now, so basically, I don't know shit. Therefore, Any and all critiques and advice are welcome and appreciated! Analysis : Bullish Tri-Star formation : potential sign of a bullish reversal Tri-star formation has the best performance when it is a part of a small downward retracement in a primarily upward price trend. Piercing Line pattern : A Piercing Pattern occurs when a bullish candle on Day 2 closes above the middle of Day 1's bearish candle. Need additional indicators to confirm a bullish trend, such as a break in the downward trendline. Lastly, BULLISH squeeze alert! This is a three-day bullish reversal pattern. It was developed because of the frequent event where prices can break to the upside following this pattern, especially if the pattern is preceded by a strong downside move. lower highs and higher lows consecutively I will update this analysis as I watch TRX these next couple of days. Within the next week: Target 1: ~505 sats Target 2: 600 sats
Short
by Phayde
1