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Trxlong

TRON - Broke out of 2-Year Wedge, Bullish momentum comingLooking at Tron's daily chart, we can see that it has completed a 2-year descending wedge. So the overhead resistance which had prevented the price from moving higher is no longer there. I also like that the daily MACD is right at the zero-line. A break above this level is bull territory. The bullish signs are there. However, I'm not moving in just yet. I will be waiting for one of two things before buying: 1) Bitcoin to hit bottom - This usually gives the alts permission to move again. The alts are not dropping like they once did against Bitcoin, which suggests their bottom is close. However, even if TRX/BTC doesn't move at all on its Bitcoin chart, its USD chart will lose value. Waiting for BTC to bottom could allow you to buy TRX at a discount. 2) Buyer volume moves in and pushes the price up with force - We had a breakout of the wedge, but the price hasn't moved yet. We're lacking volume. I think once the volume comes, it will come with some force. Keep Tron on your radar for good entry points. Getting in early as the alt season begins could be very lucrative.
by jpbrown1023
6
TRON - $TRX - Are you ready for the next leg higher? We had a minor 5th wave so the expected retracement followed... Are you ready for the next leg higher? Everything goes according plan. But the bulls have a lot of things to do... The trading Up 28% since my last update which, marked the absolute bottom. Breakthrough that rising channel Movering towards 223 sats I believe that there is still more upside ahead! The potential on this one is huge! We closed above (weekly chart) 170 satoshi! A great signal! We here go #TRXBTC #TRON $TRX #CRYPTO @justinsuntron
Long
by ferGOD
1
Is Tron going to the moon or this a FAKEOUT!?Hello everyone! Peewee here, with an update on Tron! My past idea for Tron is here: I believe Tron is in the process of a potential major trend reversal, and there are a lot of solid signals on the chart. If you take a look at my prior idea, Tron recently bounced off the support of a long term potentially-unfolding symmetrical triangle. If this rally is a trend reversal, this would make a third touch of resistance of said symmetrical triangle. Likely, it will break, and with FORCE. If I am indeed correct with my count, this could also potentially be the start of a large 3rd wave forming. If the third touch of resistance breaks, it would make the most sense for it to be a wave 3. As of right now, Tron looks to be attempting to break out of strong resistance. If it succeeds this could be a very strong rally, but if it fails or has a major fake-out, Tron is going to dig a hole to China from the exact opposite side of the planet. Price: Bear flag. (Not the greatest thing to see but these always occur after huge downtrends anyway. Still, be alert as Tron is a Bitmex coin and big rallies/dumps happen *very* quickly.) 315 sats is a very historical support for Tron, if it dumps seek that area for support. Price bounced hard after passing the .886 Fibonacci retracement. Currently fighting to stay above the .786 Fib retracement of the 850 Sats high months ago. Strong volume bullish engulfing 8H candle. Consolidation happening directly under the 50 MA on the daily with a bull flag on mid time frames. 2 higher highs and 2 higher lows so far. Possible inverted head and shoulders. Neckline being around 420 Sats. Possible ascending triangle Tron is currently re-testing the prior resistance of for support. Tron is also holding above a very key trendline shown in my prior idea, labeled as the "STRONG support channel". Indicators: Bullish divergence from the 16th. The RSI is above 50 and finding support on 60, indicating for now, bulls are in control. There is, however, a bearish ascending wedge printing in the RSI and price is indicating a potential bear flag. Regular bearish divergence is currently printing, but is weak *so far*. MACD shows a burst above zero line on strong volume after consolidating directly below. MACD is above 0 so it is bullish but it is also slightly converging. I don't really see the bear flag playing out, at least not yet, for a few reasons. Firstly, volume. Although volume still isn't very high in comparison to later history, it is very high on the buy side when compared to the volumes of the bullish bounces that occurred during downtrend. This volume came in on a bounce off the potential symmetrical triangle support. Second, if you look back throughout the history of Tron, 315 Sats has held extremely strong historical support. Tron recently re-tested this support after plunging well below the .786 retracement, and 300 Sats held. The 2w close was well above 315 Sats, coming in at a whopping 357 magnum. Third, we are now above the .786 and consolidating in a bull flag. The .786 is a very sought after Fib retracement for support. If Tron closes the current 2w candle above the .786 retracement at 388 Sats we're going to the MOON. Institutions and professionals use this Fib where they can to accumulate. It usually marks extremely strong support. Overall, I am in a very long term long on Tron as a test. I will add more capital as Tron conquers the Fib levels from the 850 Sats high and simply raise my stop as it goes. The .786 is located at 388 Sats, meanwhile the .618 is located at 490 Sats. If Tron is indeed reversing Trend I would suspect in the short to mid term that it at least tests the .618, especially considering how many red weekly candles Tron has had. Sorry people, the chart is ugly. I'm decent at TA but horrible at making my charts look pretty- lol I promise I will work on that. That said, I believe you have all information you need on this chart to make a solid short-term trade if indeed Tron is bullish.
Long
by deactivatedaccount123
TRX Long wasted on weekly chartDisclaimer: ***Any information represented here is my opinion only and not intended to be used for financial gain. None of the information posted here is to be considered financial advice. Information posted here is strictly for entertainment purposes only. Please consult your financial professional before making any kind of investment. Investments can be very risky and any investor should educate themselves before investing by enlisting the help of a licensed financial professional. Past results are not indicative of future results in any construable way.***
by algocowboy2030
Tron (TRX/BTC)(Binance) Buy 0.00000437 BTC > 0.00000857 BTCTron (TRX/BTC) Information: Considering a purchase for 2 reasons. 1) The graph on the left will mark the point of support from which the price has rebounded and the candle has closed higher. This support may affect the price reversal. 2) On the chart, as you see, the channel was painted in blue and it also coincided with the zone where the throne is now. Two events suggest that a reversal may take place, but at the same time risks should be reduced and a short stop loss should be placed. About stop loss: Stop loss place at a minimum of candles. ------ Buy = 0.00000437 Take Profit = 0.00000857 Stop Loss = 0.00000415 ------ Take Profit = +96.20% Stop Loss = -5.12% --------------------- Profit:Risk = 18.8 : 1
Long
by UnknownUnicorn285026
1
TRX Position RecommendationBINANCE:TRXUSD on the daily time frame has been on a long term trend line (Uptrend) from its initial days. Breaking its biggest down trend in its entire lifetime on 20 Dec 2018, It is getting close to the same lifetime uptrend after a long time.Also the chart signifies in the last 80 days people believe BINANCE:TRXUSD worth more than 0.022 Cents, making this region as a support zone. Being close to support zone & the uptrend line,the Stop Loss & the Targets make a good Risk/Reward Ratio (At least 3.77 for first TP). I believe these are sufficient reasons for a Chartist to take a position. Stop Loss & the Targets are clear in the chart. please zoom for clarification. Aqua lines with numbers are important lifetime Fibonacci levels. Remember Money management is one of the essential keys to success in Trading. Good Luck ;) .
BINANCE:TRXUSDLong
by hghit
1
Huge short opportunity coming for #Trx#trx Based on Elliot wave count we are on wave B of correction. Not going long on $trx instead i/ll we looking for short opportunities in coming days. I am expecting a move to atleast 740 sats, before breaking down. I will update my analysis as we get nearer to the conference which tron is doing. Make sure you're following me to get the notifications. Leave a like if this helps. Comment below , are you bearish or bullish on Tron. Read other analysis below. (Over 90% + accuracy so far)
Short
by Crypto_Anarchist
8
Is this the bottom for TRX/TRON ?it's mainly for swing trading, i use the 3 day / 15 day / monthly charts with it and it works perfectly, it works good for stocks and cryptocurrency. you will use heiken ashi chart style and turn on the EMA DOTS indicator. once the indicator is on you will hide the heiken ashi so you only see the dots. when a green dot -0.53% -7.44% appears you buy, if a green dot -0.53% -7.44% appears after that green dot -0.53% -7.44% you hold your investment. if a red dot appears you sell your position. easy as that. the standard dots setting will be set to 10 - use this for any chart above 3 days change the dots setting to 6 for 3day charts and below shorter time frames will be choppy. larger time frames will be smooth. *Daytrading smaller timeframes is possible but not recommended.
by UnknownUnicorn2319099
1
Easy money. let it drop give me more red :) TRXBuy Green Sell Red // it's mainly for swing trading, i use the 3 day / 15 day / monthly charts with it and it works perfectly, // it works good for stocks and cryptocurrency. // you will use heiken ashi chart style and turn on the EMA DOTS indicator. once the indicator is on you will hide the heiken ashi so you only see the dots. // when a green dot -8.89% appears you buy, if a green dot -8.89% appears after that green dot -8.89% you hold your investment. if a red dot appears you sell your position. easy as that. // the standard dots setting will be set to 10 - use this for any chart above 3 days change the dots setting to 6 for 3day charts and below // shorter time frames will be choppy. // larger time frames will be smooth. // *Daytrading smaller timeframes is possible but not recommended.
BINANCE:TRXUSD
by UnknownUnicorn2319099
1