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[#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.
Long
by AnthoXBT
3
TRON, Just Need a Push!Hi guys, Let's take a quick look at TRX -0.28% . As you know TRX -0.28% is in a downward channel and touched its ultimate support line lately.I see 2 Bullish pattern in chart and bullish div -0.36% signs in indicators that show reversal desire in TRX -0.28% .A bullish triangle and an IH&S. In first attempt for breaking neckline of head an shoulder,we failed and need a retest. Because of that i have more hope in triangle but as you see in title, TRX -0.28% need a Push from Master BTC -1.11% .If BTC -1.11% fall again,we can see a new low in TRX -0.28% easily but hope not see that. As you see EMA 50 made a strong Resistance for TRX -0.28% and after touched that it made a big reversal in RSI D.After EMA resistance we have ichimoku to break .In MACD we have peace,temporary. Stay tune for a confirmation in TRX -0.28% in each way by my next update and enter this trade with safty. Good Luck Peyman A
BITFINEX:TRXUSDLong
by Peymana71
Bullish Signs in TRX Hi Guys,Let's Look at TRX chart We have 2 Bullish wedge.First one started from May and second one from Jun.You can see first one in main idea chart and second one bellow. In a more exact look to chart we can find two triangle two,first one in the end of trend (red line) and important one is a long term one that i coint on it as a symmetrical triangle,you can see in chart bellow. This kind of triangles usually have result in way of market consolidation but we have cases that these triangles had reversal result.in this case with all these bullish signs i think we will bounce in favor of one of these formations.Before that with signs that i see in indicators we can make another impact to our bottom lines like blue arrow in chart or more to black line. But like always we need BTC to push market in correct way and don't ruin the party,so if you want to enter trade in this coin don't forget a tight stop loss or at least stop around $0.0335. Good Luck
BINANCE:TRXUSDLong
by Peymana71
5
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.
Long
by UnknownUnicorn3062951
$TRX #TRON - Getting in some HEAT!!!Hello Lads and Ladies, Today I was not really able to find a nice coin to do TA on, since we have just have witnessed a pretty nice bloodbath and almost every coin is down on its crucial support, ready to jump back up. Yet, there are still some coins that are not at their support and still have a little amount to play with. So is TRXBTC in the last weeks a highly and nice discussed coin. First, a little to TRXBTC itself. In the begging of this month TRON launched their main net and left the Ethereum Blockchain. The interesting part is, that TRXBTC still did not have a huge push, like we saw with EOSBTC after the intended main net launch. Basically TRXBTC still has to reach and at least touch 1000 satoshi. The interesting part is the way up there. Therefore, I looked at the previous retracement, made a straight line to the followed high and simply cloned it so it has the same angle and the same length, applied it on this low and here you go, the new TRXBTC path we should be following soon. The fact that everyone was awaiting 1000 satoshi and has seen a breakdown, might give TRXBTC a very big and strong jump up that you don't want to miss when it happens. Almost like every other coin Tron is oversold as well and previously hat always a pretty steady and nice movement upwards. The big question is if TRXBTC is at its bottom now, or if it will go down to 650 and then seriously have a very big bounce. Looking at the fibs lines, TRXBTC likes to disrespect them a little during the retracement period and right now we are sitting at the 38.2% line still having the possibility to at least come very near to the 650 line. I personally have a buy order sitting at 675 just to be "safe" and not miss out the push with some extra capital. The first target would be just above where the big sell off started at around 780 satoshi. Followed by a retracement to the previous low of 721 and hitting the second target at around 825 pretty soon. The 825 also happens to be the 61.8% fibs line. This is going to be a crucial resistance to break, if we want to see 1000 satoshi. I hope everybody is doing fine and not panicking during such a beautiful period of a bloodbath xD Like and Follow me and you will find this page interesting because I am a TA expert and day trader that does daily updates and new posts about the hottest and most discussed coins. Cheers, Tomas
Long
by KongTrading
1
Tron, Cup, Handle, and lots of good news.Hi guys, I am playing Tron right now. I believe we are in for a decent run, even if BTC decides to dive down. Tron is looking at buying Bit torrent, and the main net is being launched on the 31st. I am all for "Buy the rumor, Sell the news". I will be selling the day before most likely, unless the market shows no signs of slowing down. I'll keep it short and sweet, look to see if we break out past the .00001080 ish range. Thanks guys and good luck trading!
Long
by porretta.matt
TRON #TRXBTC - impulsive breakout higher, where is the target?After a very long waiting time to complete the correction in the B wave, the cryptocurrency TRON has finally beat the top, testing the first level of technical resistance at 700. Five growth waves are almost completed, so it's time for a downward correction in which the area between levels 400 -500 will be a good zone for entering long positions. The first goal for wave (3) is the level of technical resistance at 947 or 38% Fibo at 977. It remains to keep your fingers crossed! PS: Follow me to be sure You will not miss any update! PPS: Next analysis will be publish after this post will get min 50 likes! :)
Long
by sebastian.seliga.7
7