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TRXBTC

TRXBTC | Key Level |S/R flip Retest | Head and Shoulders Today's analysis – TRONBTC – Trading at a key pivotal level, putting in an S/R flip retest. Points to consider: - Valid head and shoulders (neckline breached) - S/R flip retest - 200 EMA support Confluence - 21 EMA (visual guide) - Low volume - RSI trading above 50 - Stochastics buy cross TRXBTC has breached its inverted head and shoulders neckline, validating the pattern and establishing a higher high, forming a bullish bias in the market. Consolidating at it its daily support zone, putting in an S/R flip retest. Price needs to hold this level for a valid long trade. Support zone is also in confluence with the 200 EMA acting as dynamic support, further solidifying this key level. Price trading above the EMA will support the bullish bias. Further price development will allow the 21 EMA to act as a visual guide assisting in trade management. Volume is clearly tapering off and below average. An influx of volume is key at this level to support the trend continuation and void any fake-outs. RSI holding above 50 as it cools-off from overbought conditions; ranging above 50 will retain the strength in the market. Further bullish price action will form a bullish crossover on the stochastics with ample stored momentum to the upside. Overall, in my opinion, TRXBTC is in its buy zone for a valid long trade with technical targets above. Volume follow-through is needed and will be key for a bullish continuation. If you’ve read this far - thank you for following my work! And as always, Focus on you, and the money will too!
Long
by Kudiiee
2
TRXBTC Inv. Head & Shoulders|Daily Support|Golden Cross|.618 FIbEvening Traders, Today’s Analysis – TRXBTC – breaking out of an inverted head and shoulders where price consolidation above key levels will change the trend. Points to consider - Neckline breached (Pattern Validation) - Daily support breached (Golden Cross confluence) - Structural resistance confluence (Technical target) - Oscillators cooling off - Volume follow through (Continuation) - Valid long on retest (Risk defined) TRXBTC breached its neckline and established a technical higher high; validation of the pattern, bias is now bullish. The daily support level is in confluence with the 200 MA, an official golden cross has also been established, further solidifying the importance of the level. The technical target is in confluence with structural resistance, price action around the area will help with trade management. Oscillators are both cooling off from overextended levels. Retest of daily support will magnet oscillators towards their respective equilibrium (50 levels) before a probable impulse. This allows for a more RISK defined entry. Volume needs follow through for momentum to sustain, this will be key upon a retest of daily support. Overall, in my opinion, a long trade is valid at daily support (retest), the .618 Fibonacci being an over extension. This retest must be backed by volume for follow through, failure will lead to trade invalidation - candle closes below daily. What are your thoughts? Thank you for following my work! And remember, “Every trader has strengths and weakness. Some are good holders of winners, but may hold their losers a little too long. Others may cut their winners a little short, but are quick to take their losses. As long as you stick to your own style, you get the good and bad in your own approach.” - Michael Marcus
Long
by AzizKhanZamani
7
TRX-BTC cup maybeGreetings, TRX has broken through the level of 190, when the daily chart closes above this level I will take a long position. I think that they will definitely take off the stops to avoid taking extra passengers on this train. Maybe we wanted to draw a bowl with a pen? What do you think? But the depth of the bowl coincides with the next resistance level at 240. I don't encourage you to buy in my wake, do your own analysis and make your own decision. Support me with your likes if it's helpful. I'm also reminded that I have a telegram channel where I post trade ideas more often.
Long
by Kirill_Gaitan
4
TRX sideways or bullish? What is your opnion? Hello, Traders, TRX/BTC is inside accumulation box on the daily chart, but the important support levels it seemed that it held the price very well above this level and, now the bulls are trying to take control of this asset, what we can expect for this asset? Will the price continue in a sideways trend or will it revert to an upward trend? I think it's too early for us to know To state more accurately the price would have to break the region of 200 satoshis and make a Pull back on the support, in that case, the upward trend would be quite clear in my opinion. Push the like button and follow us on tradingview.
by MarketMinds
1
Bullish TRON (TRX)? Next Easy Target MappedWe've seen so many altcoins produce great bullish action... But what about TRON (TRXBTC)? Here we have multiple signals that are now pointing to growth... Let's have a quick look at those: We have prices trading above EMA10 and EMA50. Switching the potential from bearish to bullish. We have low volume while breaking resistance, supporting the bullish trend. The MACD is above zero and showing a bullish cross. The RSI is considered strong/bullish above 50. For TRXBTC on the daily timeframe, the RSI is now at 60+. Looking at these signals, we can say that TRXBTC can easily jump. Remember to have a plan if you decide to trade. The charts are always changing and this one here can also change. If prices break and close below EMA10, the above analysis becomes invalid and a new one is needed to better know what will happen next. Thanks a lot for reading. Namaste.
Long
by AlanSantana
11