Tron breaking out?Tron has been consolidating in a bullish pennant for a good few days now.
On the weekly, Tron is in a 4th wave and is holding the .236 retrace of the current swing.
The pennant that has been containing price, may have just broken.
A valid trade opportunity occurs when a re-test of the pennant resistance turns to support.
S/L 495
GL
Trxshort
TRX BTC RISING WEDGE SSSHOORT
TRX BTC situated into a rising wedge which means will make a breakdown in the final.
STOCH overbought volume going down.MACD also in positive zone,they need to cool down
I don t understand why isn t going down in past few days..but now will go!
Target on chart! :-)
Enjoy
Justin Sun's Child to the floor! short TRXGood morning, as Im little busy today will give you quick Idea. Next couple hours TRX Dex exchange will be launched,
I think we will see a little pop at that time, 396- 505-415 satoshi maximum what is possible. But if not, just short break down of the wedge I pointed for you. In this market we saw all great project like GVT and many others dumping hard after platform launch, so thats the fundamental.
Stoch RSI on 1D, 4h, 1h, specially 1D is on the roof and he just need a trigger to jump from it, and I predict some one will push it to jump today.
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.
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.
TRON BEST SHORT ENTRYPOINTTrx is into an ascendent channel which can go up or down but
Stoch at 1D is overbought hard
RSI also 67
BTC cboe contract expires in 16 october so until this date we are bearish
Open short at 404 bitmex with TP 377-384 for a scalping
Open short at 447-455 Bitmex with 360-347-317 sats target
450 Zone is the top of ascendent channel and also supply zone
TRX LATEST update!!Hi Guys!
I'd like to share my idea, trade your own risk!
If we are able to regain the 820 satoshi it will go straight to TargetPrice1: 890-912 and it will consolidate again to 850-880 before going TargetPrice2: 1k+ satoshi!
OR
It is possible to revisit 750 sats or below!! before hitting the target Price! and it will take more time!
TP1: 890-912
TP2: 850-880
Stop-Loss: 700
Thanks!
TRON SHORT & REBUYTRX Has been exceeding my expectations this week but here is why we are now bearish.
Failed to break 800 Satoshi resistance
Decrease in volume
Oversold RSI
MACD going downhill and crossing
On top of that I think tron was just pumped way to fast and is now correcting.
I am going to start buying back in at the 550 - 625 satoshi range.
welp that's it lemme know if you are also bearish on TRX
Goodluck
Trx move incomingsorry for the time away. I was not happy with the market stated of flux so I held my inputs to see what was to come. If you are looking for some gains with TRX you are shortly approaching an adjustment in the near future. I have placed a longer term flag in green and a shorter term marker as well. As you can see there is a match between the two. the circle signifies a window when we should see movement again. the EMA comparison shows a down trend should occur next. This should be your window to get in. coin has a lot of noise given the upcoming beta so swings should be there for profits. GL Traders!!!
TRX counterOkay yesterday is a bit of a bummer. the market decided to counter the turns we were seeing in quite a few coins. Some are chalking this up to WHALES trying to drive down btc to maximize their profits others "THE BUBBLE HAS HIT ahhhhhhhh"........
Call me an optimist but I don't see that as the case unless we are approaching a large scale financial failure across the US. If you glance at the US indexes they are all down and have been since the first of the year. Why do I mention this.. well money is money regardless if its crypto stocks or bonds people will panic and prices will flux. For you this could be an opportunity to maximize gains.
yes we are sitting down at 385 on TRX (at the time of writing), however if you follow the lines and consider the large spike drop an anomaly/panic sell yesterday we can see a stabilization is occurring. If we chart the previous top side we can also see several contact points on the newly charted line Sell order prices have stabilized as well and are not being pressed down. I think we could see a possible up turn in the near future. CCI shows strength as well. I think we could easily see a return above 400. I'd like to see it press to at least 405 but the market is a little shaky If it can then that is a 5% profit. keep your eyes on the resistance line and follow your indicators over the next few hours and lets see what happens.
TRX after the lineyesterday TRX pushed below its support line to new lows. The last few times this has occurred there has been an upturn shortly thereafter. if we look at the convergence of theses upport lines and the downward trend we can see a potential upturn in the works in the coming hours. RSI is above 50 and holding during a small consolidation. Keep your eyes peeled for a market shift here. it could push downward to the new support line but with the movements and the RSI levels I suspect that we should see some sort of an upturn even if it is a return to the previous support levels.
TRX Consolidation may bring us to ATM $$$TRX is at a level of potential recovery.
We can definitely see in the DAY time frame chart the end of the downtrend structure and it may bring us back to profit.
We have to be careful !!
We could be seeing TRX back to the 275 area cause of its need to square UP at this level and this is probably his best opportunity to do so.
The RSI is giving us a great sign of recovery whit a potential short drop to 275.
If it doesn't go further down, we could be on our way to hit the ATM on a long term trade.
If it goes down, we definitely have a greater opportunity to hit the JACK POT witch could bring us a 300% profit or more !
As for the short term, we could be expecting a fast recovery to its first resistance of 600 (BTW, this would give us an easy and quick 30 to 50% depending on your entry point)
Do not enter TRX without having a confirmation of his next move. The RSI is providing us a great idea of where we are going BUT wait for the perfect timing to minimize the risk and MAXIMIZE your PROFIT !
Risk management is the Key to success in Crypto.
Follow me on telegram to be updated on this trade. (link is below)
Like the chart if you agree and comment to share your opinion !