TRXUSDT (TRON) - WEEKLY ANALYSIS ANALYSIS 🔎
- TRXUSDT is printing the inverse head and shoulders pattern.
- This is a trend reversal pattern.
- A bullish one to be precise.
- TRON could be on the verge of an uptrend.
BUY ENTRY ⬆️
- Aggressive (risky): current market price (now).
- Conservative: breakout above the neckline resistance.
TARGETS 🎯
- Horizontal resistance level R1.
- Horizontal resistance level R2.
SETUP INVALIDATION ❌
- Breakdown below the right shoulder's horizontal support level (S1).
TRXBTC
TRON - ROCKET READY?Let me know your thoughts!
TRON was one of the best-performing coins of 2017 and has since dropped a considerable amount since then -
Currently, TRX has broken out of a pennant it has been in since the newly found all-time high - while finding support on the new up trend line although briefly breaking below yesterday.
If TRX can break above a strong resistance zone between $0.033 and $0.040 we could potentially see quite a large increase.
short term target
$0.055
long term target
$0.10
stop-loss
$0.027
''Buy Big Sell BIGGER'' - MegaWhale
TRX/USDT new uptrend started?Hey guys, just sharing here my idea about the new trend that potentially has started after having completed the ABCDE correction in the larger degree WAVE 2 (shown in green). The correction ABC (shown in purple) is an irregular correction, showing signs of weakness for the bears and as you can see the following wave 5 sky rocketed making a 50% price increase. If we look at the following ABC (shown in blue) the A looks like it could be subdivided into 3 waves (5min chart), the B retraced deeply at the 0.786 of Wave A and the C extended 100% of wave A, which in my opinion makes this ABC correction a flat correction, once again showing weakness for the bears. On a larger time frame, in my opinion TRX/USDT is on a verge of a long bullish rally that will take the pair to new ATH soon, at this current low price would be silly not to stack up some TRX and just hold for a few months...As they say let the runners run!
Please guys hit that like button and let me know what your thoughts are in the comment section. Cheers!
TRX Weekly it seems BullishTRX has a weekly channel & daily triangle and i think i think Tron triangle will be broken up.
if weekly candle close above 0.03400 A strong up trend is formed towards 40 and 50 probably .
I see a good outlook on this currency and I will hold it myself
Stoploss is bottom of triangle so enter with By observing money management
Bulls are back ''to the court of the crimson king''Trx looks oversold on weekly chart. Stoch RSI and RSI 14 supporting this idea. I'm trading Trx for a long time and in my opinion, it looks like Trx about to do a mini-rally.
Yep, maybe Trx is the Crimson King for a long time, but it's still an oversold popular altcoin. Keep that in mind.
I'm just a trader like u guys, and I just wanted to share what I saw here. Don't take it as a financial advise.
Tron TRXBTC - Falling wedge + Impulse Elliott Wave- Impulse Elliott Wave completed on the weekly chart
- Due to rules, we should expect at least an ABC correction to the upside
- Double bottom pattern on RSI indicator
- Tron can start pump anytime soon as the price is currently undervalued
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Tron TRXUSD - ATH SOON, Falling Wedge + Triangle- Tron is breaking out of the falling wedge on the weekly chart
- Wait for the symmetrical triangle breakout to enter a long position
- Wave 1 and 2 seem to be completed, now I am expecting huge 3rd impulse wave to the upside
- 0.21 USD is an ALL TIME HIGH resistance
- Check my analysis on TRXBTC pair in related section below
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Tron (TRX) Never Ending Bear Cycle (3+ Years) (1760%+ Potential)Tron (TRXBTC) has been in a bear market for the past 3 years... Amazing, in a bad way.
But, is it over?
Recently TRXBTC hit 72 satoshis as a new low, this is the same level that was hit as a high when this pair was introduced to Binance back in October 2017.
This is not the best of signals... But this might be it.
The RSI is ultra-low which at this point can be called "oversold"...
While prices have been dropping for years we have strong bullish divergence building up.
This bullish divergence is also present with the MACD.
When TRXBTC revives and changes course, you can expect a bull market that will last multiple years...
The market moves cycles up and down...
It's been down...
Soon, we will prices moving up.
Thanks a lot for your support.
Namaste.
LONG TRX, inverted head and shoulders hidden bullish divergenceAs we can see, from 21dec to 3rd Jan there was a lower low, however volume is increasing. This is a strong bullish divergence. This pattern is followed up with an inverted head and shoulders with nice volume pattern confirmations, as there is a declining volume on the way down on the left shoulder, and increasing volume on the way up, with the same applying for the head as we see a declining volume on the way down and increasing volume on the way up for the head, and the same for the right shoulder. The slight hidden bullish divergence with higher lows but lower volume indicates that no one wants to sell anymore at such prices. The neckline resistance is expected to break, and we should reclaim at least the 200ma in the coming days.