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Trxbreakout

TRX/BTC, bullish divergence (RSI)Hi everyone, My last analysis on TRX (Tron), one of the biggest project in the crypto world was few months ago (check the link below in the relative idea). In this one, I talked about a potential run with 250% profit. This run has ended around 850 sats, and then Tron looks found a good support at 570 sats (570 sats was a the previous resistance). I found a RSI bullish divergence, with a potential bullflag. This bullflag could end this week with a pump toward 660 sats as first target, then 700 sats. From this chart, I drew the next potential daily candles and realized this projection. Thanks for your time, Anthony.
Long
by AnthoXBT
TRX falls past several key areas.Bears are home for the weekend!Hi Everyone, I was planning on waiting a few days before I updated this chart but Tron Bears have officially sunk their teeth in. I have not adjusted the 50 and 200 MA that I have listed from the previous chart as this is a continuation update from the idea I posted on 2/28. As you can see we have officially broken down below the 200 MA, the descending triangle and, the 0.76 fib retracement of 0.023780 which are all pretty much right on top of each other so, I would say this is pretty significant. We are in a very strong down trend and I have added a bear flag with an extended pole (black dotted line). I extended the pole for my sake to see if Tron would break down out of my make shift channel which, it rapidly did. It is now approaching my flag pole extension which ends at .022789. The next fib level is not far away either at 0.022387. Stochastic is at 20 which is in the oversold territory and the RSI is at 40 which is still neutral but also getting closer to the over sold side. Those of you who are in a short position should be seeing quite a bit of profit at this point if you were patient and waited to see where this would go. For those that are the long position types, patience remains the key here until we see how far this will fall before the next rally. I am considering placing an order at around 0.02200 which is extremely on the low side but from the looks of it we may see a drop that far possibly lower. Binance at the time of writing this is currently at 0.02265 with major buy/sell walls, which in my opinion, is a BOT trader. If it pushes lower we will soon be at the next fib level of 0.618 as I mentioned above of 0.022387. From there we have a long way to go before it can get anywhere near the next fib level of 0.5. The last time we were any where near these levels was around January 13th. Please hit like if you found this idea helpful or useful. Happy trading and good luck everyone! -AWC- I am by no means a professional analyzer however, I am a hobbyist that enjoys technical analysis and sharing my ideas. This is not meant in anyway as trading advice and is strictly meant for educational purposes only.
BITFINEX:TRXUSDLong
by AWColumbo
Large Caps are moving, TRX on the verge of breakouthello Friends, Multiple large cap coins are moving due to BCH HF on 15-Nov, so use the pump and trade. Note : Trx is testing the resistance at 370 SATs, breakout above a possible 40% trade. No timeline. Ofcourse, BTC should support. I am taking a risk on TRX when it breaks out. -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Entry above 390 (on breakout), 40% target. 484 (big hurdle in between) Sl : break of the triangle below. #TRXBTC, #TRX, #BTC, #trxbtc #trx #btc
Long
by maheswar81
I called the previous Tron bottom. My current thoughts.I have called the previous Tron bottom three months ago. Check that out in the related ideas section. As you may know, I have been a permabull on Tron for very long. It is because I own Tron myself, and I am biased, but not without reason. Tron is a good buy and hold. 1. Tron team has cash to last at least until 2021. There was over a billion USD worth of Tron sold at the previous top by early investors. I believe they will provide more capital if needed. 2. Tron has a strong community. 3. Tron has good marketing. Because of those reasons, Tron will be a good long in the bull market, and I believe it will perform very well. Furthermore, somebody has been painting an accumulation pattern for Tron, so we know that Justin is willing to use his own money to paint a good chart. Perhaps Tron has bad technology, but what matters most is marketing. I am not attempting to call the top here, but just know that I will not be buying at these levels. I bought the bottom. I do not want to risk adding more at the top.
Long
by HD1184K
TRXUSD - WE SHALL PROFITBuy Price: Green Zone SL: Below Red Zone Profit: Blue Zones Invest Suggestion: 20 Percent Profit Expectations: 10 - 75 Percent All technicall indicators of TRON are pretty good!!! If it breaks that brown zone( and it have the strenght to do it), we will moon it! Besides, we have great news about it! See me previous analysis and how profitable the are! Sell when you get some profit, according the way you trade. Keep following us and please like this idea. Any doubts? Send in the comments or in our telegram or Inbox here. Thanks for visiting.
BINANCE:TRXUSDLong
by CGCryptoTrader