TRXBTC
The Horrors of Charting Low Sat Coins [Quick Updates]Hey all, the Trading Guru is back with another entry on a new series called 'Quick Updates'.
Uhhg. I absolutely hate charting really low sat coins. Incredibly thick orderbooks, very difficult to draw lines or do proper technical analysis. Quick question to the community, do you have any tips for charting such coins under say 500 sats? Any tricks I should know of or that you would like to share to others?
The upside of the low sat coins is that every sat increase is incredibly good for your portfolio, as the relative percentage gains per trade are massive. That's why I will attempt a nice long position here on TRXBTC using support and resistance levels.
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I am starting a new tag (quickupdates) where I quickly share great opportunities based on TA for shorter timeframes, such as 4h, 1h, and 15m. It will not contain just a short explanation, in order to keep the velocity up and make sure you get to see the opportunities as fast as possible.
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Forex & Crypto Scanner: Nobody can keep track of all the pairs on all timeframes. This scanner works on Telegram and sends an automated message including a chart every time something happens to a coin. E.g. it can automatically detect areas of support and resistance, RSI Divergences, Fib Retracements, and more.
TRX ANALYSIS: CRITICAL MAKE OR BREAK TRX ANALYSIS:
TRX is forming a small right shoulder at the moment as it re-tests the 200MA. This is a very critical point for TRX. Make or break, if you will. 200MA has been tested multiple times over and over and I expect it to be broken upon this try to hit T1 at 198 sats, T2 at 204 sats, and lastly T3 at 209 sats. This could be a fake out before another break down, given the volume and ATR decreasing. Therefore, take all profit at the given take profit zones.
Possible Entries: 187-190 sats
OGNBTC rapidfire key alt BOOMS (Rumor BOUGHT)
Stop: 3495
Pivot (Blue): 4954
TP1: 5148
TP2: 5485
Rumor bought; pending sale. Major news on $EOS/$ETH $OGNBTC $OGNETH $XTZUSD $TRXXRP
XTZ, XRP OGN (might be late on these) however; aforementioned alts are in for a golden sunrise with the EST sunrise — I’ll publish this immediately so none of you have to FUD/FOMO.
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Disclaimer
Note: This is strictly conjecture based on my own technical analysis and not any information based on any sources from the GOP Or federal government/treasury dept / ay institution of any form this example is for educational purposes only and should not be relied upon for any other use. Please invest responsibly and make all decisions based on your head; not your gut. Any projections or figures provided in this analysis are Forward-looking statements And have no basis Other than my own opinion and not information related to the GOP, SEC or wall sf in general. Just the wiz doing what he always did best — Disclaimer must be extended and extensive So forgive me as I need to truly emphasize None of the information obtained in conducting this analysis was provided by insider trading in anyway shape or form.
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TRX/BTC TA Update (key trend-line broken?)TRX/BTC
TRX broke key trendline of support and currently facing rejection with the 50D MA plus trendline becoming a new resistance area.
If TRX finds this big challenge and unable to get above this level in the coming few days.
It is likely we see further downside down to 130 sats and potentially form a double bottom for a reversal trend change.
TRON Chart Fully Mapped | What Happens Next? | 72% Target MappedTRON (TRXBTC) is now trading within an ascending channel on a newly formed uptrend; higher highs and higher lows... What happens next?
After the last high hit on the 14-Feb., prices for TRXBTC started to drop.
Yesterday a low was hit 0.00000160 which coincices with the 0.786 Fib. retracement support relative to the last bullish wave, which can signal the end of the retrace.
We can also notice really high volume today.
If the bulls continue to garner momentum while pushing prices up, we can expect TRXBTC to reverse and hit this ascending channel TOP...
This will result in 50% of gains or even more.
Remember to have a plan/strategy if you decide to trade this call.
This is not financial advice.
Thanks a lot for your continued support.
Namaste.
TRXBTC: Long PositionOn the daily timeframe, it floats near support, the situation is similar to XRPBTC : long here is less risky and looks more reasonable. Stop could be tight.
But need to keep in mind (always) overall market conditions because it could change everything.
Information is just for educational purposes, never financial advice. Always do your own research.
TRXH20 TRXUSD/BTC Accumulation phase 2 LONG !!Long TRONZILLA for financial freedom.
Use risk management.
Not financial advice.
TRX/USD bearish indicationsHello traders
Today today i am gonna be doing a quick and simple analyses about TRX/USD that made a Head n sholders reversal at an important Resistance level , witch defines a Bull trap. We consider traps the most powerfull indication of price action for decision making in trading.
Now the price is making a Bear Flag, We belive the price has a chance to test the next important Support level . We Only buy this asset above the resistance after a bullish acumulation, or at the important Support level .
Please support this publication with your like. You are welcome to follow us on the Tradingview.
Best regard Sandro and Gustavo.
TRX ANALYSIS (BOUNCE INCOMING!)TRX ANALYSIS:
TRX has fallen sharply down to support, but a deep scam wick was eaten up by buyers. The buy side brought the daily wicks above 200MA at 190+ sats. This is a positive hold. I expect the sharp decline to be broken up by a relief run back up to daily resistance. The take profit targets are at 200, 209, and 217 sats. Take partial profit at each step as the sell volume has been extreme. Very possible TRX is rejected again at daily block zone.
Possible Entries: 190-194 sats
Tron (TRXH20) Looking Bullish | Next Target Mapped (8X lev. 300%We are active with Tron on BitMEX (TRXH20), to me this setup looks LONG.
Our next target is clearly marked on the chart as 1.618 Fib. (0.00000241).
We are active with 8X leverage.
Leveraged trading is for advanced/experienced traders only.
Trade at your own risk.
This is not financial advice.
Thanks a lot for your support.
Feel free to hit LIKE if you would like to see the full trade details (buy-in, target, stop-loss, and additional information), we will share at 111 likes.
Namaste.
TRON Getting Ready To Move (60.60% Mapped)For TRON (TRXBTC), we have prices trading in between EMA300 and MA200... As marked on the above chart.
Prices for TRXBTC went below MA200 (black line) just to quickly bounce back above this level while printing a higher low (light blue) compared to 8-Jan.
- So, on the 8th of January 2020, TRXBTC hit 0.00000171 and started to move up.
- On the 14th of February prices for TRXBTC peaked at 0.00000262, this is near EMA300.
- Now that TRXBTC retraced and tested MA200 as support, it is likely to go higher and test EMA300 at 0.00000250+ once more.
These signals are still early but we believe that TRXBTC can bounce here... We will see how it goes.
Feb 2 | Tron Conquers New Resistance, Extremely Bullish (600%+)
Remember to have a trading plan/strategy before you decide to trade.
The charts are always changing, what would you do if prices go the other way?
Always be prepared for all scenarios and do not get stuck on what you believe will happen next.
Reduce risk... Start small... Take your time before you trade.
This is Alan Masters...
Thanks a lot for your continued support.
Namaste.
TRX's Five Wave Elliott Formation Goes To 320 SatoshisI believe TRX began a trend reversal on September 9, 2019, the date on which the weekly RSI reached the lowest value ever recorded.
The price has possibly began the third of a five wave Elliott formation, which is expected to take the price all the way to the previous breakdown level at 320 satoshis.
The possible creation of an ascending triangle (dashed lines), which is a bullish pattern solidifies my belief for a breakout.
The daily chart also shows a bullish cross between the 50- and 200-day MAs (golden cross) and the price finding support above the latter MA.
As long as the price is staying above this MA and the ascending support line, its directional bias is bullish.
(If you like my idea and want me to continue publishing, pressing the like button would be extremely helpful)