TRXETH
TRON (TRX) Holding Up As Crypto Markets BleedTron (TRX) has seen a rising investor interest since the start of the year. The price initially fell from its all time high of $0.25 but continue to resist strongly. Ultimately, it had to fall with the rest of the market but it continued to be one of the first few coins to turn rapidly from bearish to bullish. Despite its bullish impetus, the price of TRON (TRX) is still a long way from its all time high but the coin eyes near term gains as it approaches the near term target of $0.10.
Read Full Analysis Here: cryptodaily.co.uk
Making perfect sense.... I put these out because Ive watched Tron since inception and called the night before they 10x!!! Have been obsessed with the chart!! I had to figure out this last 3 wave..... Ive cloned the 1 for 1 but never saw enough action to make sense.... when i counted its the exact 1 for 1 length and the 1-2 was super short 2.618 3rd and extended 5th. Other possibility is we move up for 1 more wave but I am not 100 percent sure and will allow the market to tell me..... What do we already know wave 3 bare minimum hit 1 to 1 extention of wave 1..... which means wave 5 will be extended and there is very little retrace room. Wave 4 shouldn't breach gold line on my chart which is end of 5th wave on wave 1. We bounced off the 236 already and seem to have to bounce off the 382.... if that is the case we will explode off the 382 into an extended 5th wave!!!!! GET EXCITED. Also from inception waves 3 4 and 5 are very close together in time. On a larger scale we are in wave 3 already and need to hit 1750 to 2300 to go 1 for 1. We could possibly have 1 more wave up to give us a little room for the 4th wave. I love these tight plays because they are for 1 FASTER. 2 Predictable
The Zone of truthAfter breaking most of the recent highs we finally are approaching another big one!
-Our next sell zone that needs to be broken is .660 - .680
-4hr we are in a nice channel which i'm hoping to see a nice pullback in before enough buyers are in the game to make this push to the upside.
-I think this push will have some big boy volume behind it
Pay attention to TRXBTC and TRXETH on ETH is in a desencing wedge hmmm
Be safe & Be smart
Unprofessional? me too hahahah 100+% USDTron is right now making ready for a marathon. Are you up for the jog?
Look, I am not going to put too many details in text. That's why i made a video!!! You know? I am a lazy lama here in Goa, India. Don't expect much.
(what substitute the bullshit of "I am not your financial advisor" .)
Tron (TRX) Mainnet Launch Trading PlanSignals:
-Tron managing to hold 480-500 satoshi level, seems to be very strong support level.
-RSI holding above 40, indicating price strength.
-Tron seemingly being kept up by whales, evident by huge buy orders near 500 sat range as well as pumps keeping TRX at support levels.
How to trade:
-Buy in 480-530 sat level (Likely will not drop past 480, which seems to be major support)
Sell points:
- 600 satoshi level
- 677-700 satoshi level
- 774-800 satoshi level
- 835 satoshi level
- 900 satoshi level (unlikely)
When to sell:
Sell after the TRX founder has launched the first official mainnet announcement (likely on May 21st) , with the intent of buying back in after a ~10% correction.
Sell 2-3 days before the official mainnet launch, as there was huge sell pressure 2 days before the testnet launch.
If you want to keep your TRX position, buy back in at least a week after the pump, at the support levels.
*It is important to note that if TRX does break past the red resistance boxes, they will likely become support levels, evident from my test net TA that you may view in my profile.
This TA is very basic as this is an early call. Thank you for reading & please criticize my TA's with ways I can improve so I can bring more value to the community in my future charts.
Xzhi
TRX PossibilityTRX Update:
I think we saw a pretty classic 1-5 Elliot wave pattern, followed by an ABC correction. After that point, we had a HUGE 4 hour buy candle, which looks to have formed a bull flag. This bull flag is looking to have a decision point coming up, whether that be up or down from the apex. If it's up, and volume increases drastically, there could be the possibility that the vertical 4 hour candle could be the start of a new 1-5 EW pattern, which means the apex of the bullflag could represent the 2 wave being put in. If this has a chance of being accurate, that would be mean a large wave 3. The MacD just crossed, so we should be looking at a buy pattern, however volume has been very low with TRX right now. This also is pretty normal during bull flags, as they near the apex, so might be due to just that reason.
We'll see what happens, but exciting times ahead for TRX either way, even if this isn't the time!
Full Elliot count BULL trap Or expanded Regular flat correction Tricky little Asains setting up these monster bull traps Off the 382 retracement line. Do a retrace from my ending 5th wave. 382 tracement into a MONSTER B wave. WHY? bc you can already know C nomatter the length of B. The higher B goes the more Complex the correction. To grasp fully dissect the first 5 wave move up. exact 1 to 1 extended 3rd..... middle 2.168 and 3.168.Bulls saw it dying loaded up on the 382 Fibonacci line. BLASTED IT TO ALL TIME HIGHS. C Landed exactly on the 1.272 retracement of A wave