TRX/BTC 1DAY UPDATEWelcome to this quick
TRX/BTC analysis update
I have tried my best to bring the best possible outcome in this chart.
Reason of trade:-TRX/BTC is triangle pattern conform and retest triangle and buy the dip. and long term hold
Entry:- CMP And buy the dip in the green zone
Target:- 50% to 75%
Stop loss:- 0.00000149
Remember:-This is not a piece of financial advice. All investment made by me is under my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Happy trading.
Sorry for my English it is not my native language.
Do hit the like button if you like it and share your charts in the comments section.
Thank you...
Trxbtcbinance
TRX/BTC TA Update (Retest of bottom channel?)TRX/BTC
TRX broke support at 180 sats area, this rejection from descending channel will send TRON down to 167-160 sats if no follow-through from the bulls to bring the price up.
There is a potential for the RSI to hit oversold levels again before a pullback to happen.
A retest of the bottom channel of this pattern will give traders a chance to open Long positions if a sign of reversal appears.
TRXBTC hitnRun candlestick bottom and breakout confirmation TP targets 1-3 (with 1 being pivot/short)
I realize this is a little late to publish; forgive me but I had to attend to my own portfolio first. With that being said; better late than never, it wouldn't be considered FOMO or FUD (but it will be soon) for you to make an entry.
BTCUSD will soon face a consolidation as the spring compresses together and prepares to snap.
I should also add this is just as easily a long position with target for 360s if you're a more patient forex trader.
Trade Safely; not a penny more than you can affford!
Have a wonderful Day & Happy Birthday to my older brother, Dr. T
Love you
@a1mTarabichi
TRX LONG (BULLISH BUTTERFLY) TRX Bullish Butterfly Potential Reversal Zone.
Bullish Butterfly completion into a much bigger Bullish Gartley. This Bullish Butterfly will trigger the C leg of the Bullish Gartley.
Targets for C leg, time (first week of May) and stop loss identified for the Bullish Butterfly.
Right Shoulder (S) should be at the completion of the bigger Bullish Gartley.
Good trade and good luck everyone,
Zakaidze Omar
TRX/BTC Upward Break PotentialHere for a quick look at the TRX/BTC pair on Binance.
BINANCE:TRXBTC Potential for an upward break, 4H RSI rising wedge along with a nice looking bull pennant.
A break of the pennant is setting my target in the 580 Sat region.
Entry: on breakout
Stop-Loss: below support of pennant
Target: 580 Sats
[#2] TRX/BTC, breakout happened, last step before bull runHi guys !
If you read my last TRXBTC analysis, you know that the breakout happened few days ago.
"So, what's new ? Now, TRX need to break the 390/400 sats SELL ZONE before started the bull run toward 500 sats or more as first step."
(1) : The lagging span started to cross the cloud.
(2) : Up line is now above.
(3) : To confirm the last step, we need to see the last candle close above the cloud at 379 sats (purple line).
Then, the MACD is now above the 0.00 line.
One more thing (and it's the most important), TRXBTC need to clearly reach the SELL ZONE (390/400 sats).
Thanks for your time.
TRX/BTC, breakout and new target pricesHi guys !
TRXBTC looks ready for a new breakout soon at 380 sats.
380-400 sats is the last SELL ZONE before a new run toward 585 sats as first target price.
A double bottom formed from the last two months confirm a possibility of a new run.
Furthermore, Ichimoku Cloud start to reverse his SELL and BUY trend (in purple) and RSI looks good with a bull trend line from mid-august to september.
Thanks for your time.
LONG TRX - If desired entry point reachedDisclaimer: I have no opinion on Tron, its project or their team. There is no bias here.
I am not going long unless my orders hit, highlighted in the green speech bubbles.
So what are we looking at:
Tron has almost retraced 78.6% since its All time high
Tron has almost retraced 78.6% since its April high
A large retracement for any asset however most of the "top tier" coins are holding their own around these retracement levels...For me the first pointer to a good entry zone review
Weak bull div on 6 hourly RSI had little effect on price, continued lack of volume, point one for belief of wave B of an ABC retracement
RSI up ticking from sub 50, does have a wee downtrend to break on the daily which could get us to the low we want.. though I don't think much of diagonal resistances on short timeframes
MACD just crossed up on 6 hour, hasn't crossed up yet on the daily.. Further decline before the uptick? Possible.
Counter: 20, 50, 100 EMA on daily are all gapped above price quite considerably which does give it some potential upside movement towards the 61.8% on good volume, but we really aren't seeing any volume so I have disregarded this for the moment
So why am I waiting to long..may repeat myself
Because getting a good entry is important. I prefer Blackjack for my degenerate gambling.
Lots of resistances in confluence:
Volume is still non existent, a bleed out of price continued is perfectly believable, again possibly in wave B of an ABC down leg
20EMA on 6 hourly potentially forming resistance
Tron yet to break back above the 61.8% fib (from April high) though prior data shows us it has taken Tron a few days consolidating just under the fib until it breaks up..however Tron had way more volume the previous times it was trying to do this, also most of the breaks to the upside have been part of an uptrend, not a downtrend..which is what we are in.
VPVR lining up well with our primary entry point
Most coins are testing or breaking their 78.6% fibs, patterns are patterns at the end of the day & should be considered on a circumstantial level
My orders are in strong support zones
We may never get our orders hit, BTC could go bull mode here & the market will boom with it - if this happens though - then we haven't lost anything.
Furthermore, as you will see below, my stops are quite wide. This isn't my normal approach but it is what I am comfortable with based on entry prices & volatility potential at those levels.
Entries: 539 & 439 sats
Stops 485(-10%) & 410 sats (-6.5%)
Exit: Close 50% of position at 620. Move up stop, let the rest run, if we go full bull market mode then I would expect to close the rest above 800 sats.
This is not financial advice. Just a log of my thoughts.
TRX/TRON bearish momentum and bearish short-/midterm trendHi :-) This is my first analysis i published. Just my thoughts and basic rules i apply when swing trading. It's like a trading formula to me to spot breakouts and only swing trade with higher probability. Please feel free to give me feedback so i can learn more (made a lot of mistakes before using this formula).
I will keep TRX in my watchlist :-)