Tron (TRX) Breakout. Possible long position after flagging.Hey everyone, my last chart predicted sideways movement till the news so this was kind of expected. I believe this can be a great long position in anticipation for the secret project, as long as TRX can find support and form a strong bull flag. There is a medium chance it will be a false breakout. I bought into Tron at 440 so I'm kind of debating whether or not to take profit now.
Therefore,
Buy in:
When bull flag forms. If we drop straight back down it was likely a false breakout and should not be trusted. With the secret project tomorrow there will be an increase in demand or selling pressure, so be careful with a smart stop loss.
Sell targets:
573-600 satoshis.
Stop loss:
464 satoshi level or underneath the bull flag's support area.
I believe in the next few months TRX is going to have a good cycle again. As long as bitcoin can stay within the current range, a good 50% gain is possible.
Trxbtclong
TRX - fall in the edge / falling wedgeSo we're getting a lovely falling wedge pattern. It's just a matter of time when the price action pops up and the engines turn on.
Be ready when the price cross above the upper edge and then smiles up! Do not need to say more words about that. It's simple as that.
Good luck!
HUGE TRX UPDATE: Congratulations on the +10% LONG. MORE +% NOW!HELLO! We're back with a not so educational post suited for you lazy asses who just want buying and selling signals.
We're sure that many of you guys are confused by the super professional and complicated charts in TradingView. Many of you have questions like
"So..Nice chart but at what price do we actually buy or sell at?"
"Elliot's wave, HnS, Green trendline , Red trendline , Black trendline , Support, WHAT ARE THOSE!! I just want to know when to buy and sell.."
Well fret not, cause we are here to save your lazy asses from googling and learning the "pro" terms of TA.
We will be here to give you guys exact Buying and Selling Signals
Congratulations to our group members and the people who followed our call. 55% profits.
Congratulations to everyone who followed our previous charts too, we avoided the -20% drop
Congratulations to everyone who followed our previous short call, +10% profits!:)
During our previous calls, We had
+50%
+10%
-5% (Stop loss)
+10%
We successfully got out with a total of 55% before TRX -3.50% dropped down to its current lows.
In our part 5 chart, we told everyone to stay out of TRX -3.50% and TRX -3.50% indeed dropped down to 600 Satoshis.
We successfully predicted BTC's drop to 6200-6300 which got us +10% Short from 580 Satoshis to 520!
During our previous call:
You can buy into TRX Now at 510-520 Satoshis
Targets are
550 (CHECK)
580
600
Stop loss if BTC breaks below 5900 USD
We successfully secured +10% profits for all of our members in our telegram group including you guys!
Continue on with this trade! As long as BTC moves nicely along our charts, we will definitely hit targets!
We will be updating our calls on TRX in our telegram group so don't worry!
On the technical part, we'll cut short the story and tell you why it'll be rising or falling:
1) BTC is quite stable now, we feel that money from BTC will slowly flow to ALTS soon. Leaving BTC to be stable the way it is now and making ALTS rise!
2) BTC is still acting as the absolute dictator, so when BTC rise , ALTS will follow and they will rise even more then BTC, Vice Versa.
3) If there are anyone interested here to look at charts even though we are here for you lazy asses, look at the point at 518 Satoshis, from here we can either see a reversal to the upside or fall back down below again. All of this depends on BTC
4) TRX will definitely go up if BTC goes back up to 6700 levels, we can assure you that
5) We were spot on with our TA this time round for TRX! If you want to know the main analysis we had for TRX, check point 3. We will leave it there to show you guys how we predicted a jump from TRX. TRX jumped because of point 4 too! We were banned 7 days for some reason in our main account, so we're leaving our previous points here for you guys.
6) If TRX follows nicely along our chart waves, we will see our targets being hit pretty soon!
We will be here for the long run in order to scoop up all the +% for you guys and burn away the -%
For all the information above, you should be able to understand them as long as you learned how to read and speak english. Our posts are as simple as ABC but is probably what all of you came here for, which is to have the exact buying and selling signals.
More coin signals coming soon.
The main thing that we'll be doing is that we'll make you guys filthy rich.
Do like this post and follow us if you want to continue getting direct Buying and Selling signals.
if you have any questions, you can message us or search us up on telegram instead of twitter at "CryptoHawkSG"
We love to use telegram instead of twitter solely because we'll be able to chat with everyone in the community.
We love you guys and we hope to make each and everyone of you rich.
Cheers!!
Tron (TRX) Final chance for breakout before drop to 430 levels.As much as I would love for TRX to act out on the B-886 pattern and have a reversal, we seem to have strong resistance each time we approach the trendline. This, combined with the bearish BTC market, means that the chance of breaking down is going to be pretty high. We are in a downward trend so predicting the bottom can be quite risky.
However, we are getting into the oversold territory on the daily, and on the four hour chart we have a very strong bullish divergence. I tend to trade all strong bull divs, therefore I will be entering this trade.
Buy in price:
507-524
Stop loss:
499
This is a risky trade, but it is very tempting, and the stop is very close to my buy in, therefore I am perfectly fine with entering. Should have a breakup or breakdown in the next 30 hours.
If you want to trade the breakout, wait for TRX to cross the white trendline, then form a bull flag at the very least. We have had 2 false breakouts so far.
Thanks for viewing! Please leave any suggestions/criticisms in the box below.
Tron (TRX) Bulllish Bat (0.886 or 786)I've noticed that TRX may be forming a Bullish B-886 pattern. This probably cannot be relied on, but if it does go through and can hold the 524 levels, it is a good time to buy in.
If it does hold the 600 sat level, it could be an imperfect Bullish G-786 pattern. Either way, TRX is looking very promising in the short-medium term.
Therefore, if it can hold 600, buy in there with a sell target of 844.
If it drops below 600 but holds 524, buy in there and set a sell target of 823.
Therefore, have a stop loss at 600 and 520, respectively.
And according to one of the top tradingview Bitcoin analysts, we will be above 6000 probably for a while, so this trade may be safe to take if you believe bitcoin can hold or exceed its current levels. Tron is also going to announce a "secret project" in around 26 days, so perhaps that may influence the price.
Thanks for viewing and please leave any criticisms in the comments below.
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.
Tron (TRX) At support & "Secret Project Launch" next month.Currently TRX/BTC is hovering at the strong support of around 630 sats. However, as Bitcoin has been suffering this month, and the market has been exceedingly weak, we have reason to believe that unless the market has a short term correction, we will be breaking the support and continuing the downtrend. This will be obvious if we do not get a bounce soon, and the smaller the bounce, the more bearish the coin will get.
Therefore, if you do hold TRX, set a stop loss for 600 and prepare to buy back in near the 500 satoshi mark. However, if TRX can hold 600, it is not a bad move to enter a small position as we have positive news about TRX being accepted by Pornhub, as well as the acquisition of BitTorrent.
On a side note, we see a bullish divergence on the 1 day chart, so this may be the bottom if Bitcoin can hold above 6000 dollars. And currently according to a certain web article, Justin has revealed he will be revealing a "secret project" on July 30th. I believe this will be on July 29th for people living in North America, and if Verge has shown us anything, I believe that purchasing a small position to see how the news plays out is not a bad idea.
If you do hold TRX, set a stop loss: 600 satoshi level to protect yourself if it breaks support. I reccommend selling everything somewhere below 740, and buying back in if we have a bullish breakout past the 750 mark.
If TRX cannot hold the 600 satoshi level, the next level of suppot would be at the 500-510 satoshi level.
Thanks for viewing! Please leave any questions in the comments below. It helps me learn and improve my charting.
HEY TRON LET'S DOWN FOR 45% BEFORE LAUNCHING Traders,
Here we have TRXBTC 4H chart.
Cypher is here guys and harmonic have its own power to lead any pair specially at crypto markets, So we have bearish temporary moves to 564 sat and from there we have few pretty words.
Note:Like to update cause I don't publish what I'm not trading. it's for some followers who asked about TRON
Regards,
Mohsen
$TRX LongBTC seems relatively stable above 6k still as it has pushed the past few days above $6500. This means it is a great time to enter alts again. TRX looks like a strong short term buy. RSI and Stoch both at oversold levels and some solid divergence in price since the last low RSI on 3/18. Simply put, TRX is more oversold here at a higher price than it was in March. This signals strength and I believe a rebound is imminent, at least in the short to mid term (1week-1month)
Comment your thoughts on this TA (first time posting to Tradingview)
*Not Financial Advice*
*DYOR*
$TRX #TRON just a short thought about a possible cup and handleThis is just a short update on TRX that I recognised. Since everyone is talking about TRX and 1000 sats and after it has bounced back from the 749 and still didn't have a push after the main net launch, This might be the possibility.
after such a huge bounce, retracing a little and then continuing. Definitely having the first sell order at 950sats.
Cheers, Tomas