Tron TRXUSD - Massive Ascending channel + Impulse Elliott Wave!- On the chart we can spot an incomplete Impulse Elliott Wawe (5th wave).
- Rounding bottom or cup and handle is also printing at the chart.
- Target is 1:1 fib trend-based extension + top of the ascending channel + 5th elliott wave
- For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio (RRR) - please check my signature below ↓
- Huge bullish volume is also one of the positive signs!
- If you want to see more of these ideas, hit "Like" & "Follow"!
Tron
TRXUSD Great opportunity to go longTRX opportunity is possibly about to finish the current expansion that is doing and most likely would start retracing between today and tomorrow. Look for the marked areas. If price manages to reject multiple times marked area on the 4 hour chart, then it would be a great opportunity to go long and target the 1.27 or 1.618 fib area.
Tron (TRX) - August 4Hello?
Welcome, traders.
By "following", you can always get new information quickly.
Please also click "Like".
Have a nice day.
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(TRXUSD 1W Chart)
If the price holds above the 0.03074453-0.04413840 range, it is expected that the uptrend will continue.
(1D chart)
If the price is maintained in the 0.05118284-0.07253780 range, it is expected to turn into an uptrend.
If the price holds above the 0.07253780 point, I would expect it to reorient itself in the range 0.09389276-0.10457024.
If the price falls in the range of 0.04050536-0.05118284, there is a possibility of entering the mid- to long-term investment area, so careful trading is required.
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(TRXBTC 1W Chart)
If the price is maintained above the 259 Satoshi point, it is expected to create a new wave.
(1D chart)
If the price is maintained in the range of 168 Satoshi-199 Satoshi, it is expected to turn into an uptrend.
If it falls in the 121 Satoshi-137 Satoshi range, it is possible to enter the mid- to long-term investment area, so careful trading is required.
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We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** See support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
Explanation of abbreviations displayed in the chart
R: A point or section of resistance that requires a response to preserve profits.
S-L : Stop Loss point or section
S: A point or section where you can buy to make a profit as a support point or section.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day.
G1 : Closing price when closed
G2: Opening price
(Example) Gap (G1-G2)
TRX/USDT can easily break out of the Bearish channel.Hi every one
TRON/USDT
TRX has been ranging In a bearish channel for quite sometime. and Now there is a Great chance that TRX would Break this channel and be ready to do a bullish movement.as you can see the 5 First waves of Elliot waves (Impulse waves) has been completed and now is time for ABC waves! so the price can Do a bullish movement and After a correction and a pullback to the channel Go for another Bullish wave. Note that the price will fall after the completion of the third (C) Wave. If you pay closer attention you can also see a Regular Bullish Divergence on MACD .this is also a Great Bullish sign as well!
summery:
-TRX has completed the first 5 waves of Elliot waves principle.
-It's now time for ABC waves (Bullish waves)
-There is +RD on MACD
💎Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
Thank you for seeing idea .
Have a nice day and Good luck
Tron (TRX) - July 16Hello?
Welcome, traders.
By "following", you can always get new information quickly.
Please also click "Like".
Have a good day.
-------------------------------------
(TRXUSD 1W Chart)
If the price holds above the 0.04413840 point, it is expected that the uptrend will continue.
(1D chart)
If the price is maintained in the 0.05118284-0.07253780 range, it is expected to turn into an uptrend.
If it falls in the range of 0.04050536-0.05118284, there is a possibility of entering the mid- to long-term investment area, so careful trading is required.
-------------------------------------
(TRXBTC 1W Chart)
If the price is maintained above the 194 Satoshi-259 Satoshi section, it is expected to create a new wave.
(1D chart)
If the price is maintained in the range of 168 Satoshi-199 Satoshi, it is expected to turn into an uptrend.
To continue the uptrend, it needs to rise above the 215 Satoshi point.
If it falls from the 168 Satoshi point, it can touch the 121 Satoshi-137 Satoshi section, so careful trading is required.
------------------------------------------
We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.
------------------------------------------------------------ -----------------------------------------------------
** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** See support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
Explanation of abbreviations displayed in the chart
R: A point or section of resistance that requires a response to preserve profits.
S-L: Stop Loss point or section
S: A point or section where you can buy to make a profit as a support point or section
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day.
G1 : Closing price when closed
G2: Opening price
(Example) Gap (G1-G2)
Tron (TRX) - we are waiting for a global growth wave to $0.09The week of trading on the TRON (TRX ) market ended with an unsuccessful attempt by sellers to continue the wave of decline without correction and gain a foothold below the liquid range of $0.059-0.062. Having used small volumes to continue falling, sellers were able to touch the $ 0.046 mark. However, the weekly candle closed at almost $0.065, creating a false breakout of the range of $0.059-0.062.
This fact testifies to the local weakness of sellers below the range of $0.059-0.062. The first local pivot point for sellers to continue the downward trend is in the range of $ 0.067-0.068. On the daily timeframe, it is clearly seen that it was after the breakdown of this range downward that sellers were able to lower the Tron price by 30% in 2 days:
In addition, a sharp counterattack of buyers, which also lasted 2 days, stopped exactly in the range of $0.067-0.068 . Therefore, in order to make a trading decision to buy, it is necessary to wait for either a breakout of the range of $0.067-0.068 upwards and expect a retest of this liquid zone from above, or wait for a local price decline to $0.059-0.062 and buy in this range.
Why is there a high likelihood of a new wave of decline in the TRON (TRX) market in a local perspective?
Firstly, do not forget that although the wave of decline in the TRON market, which began in May, has slowed down, a clear falling TRX price channel is visible on the chart.
Secondly, the daily chart shows that on June 23-24, buyers were much more aggressive than in the last 4 days. This is evidenced by the aggressiveness of candlesticks and volumes.
Third, on the TRXBTC chart, we see a stable price movement in a falling channel and low trading volumes.
This fact indicates that the situation on the TRON market has not changed yet. Buyers face another toughness test, during which they cannot be allowed the TRX price to renew the previous low. In this case, the main target of buyers is in the range of $0.09. However, if recently the price of TRXUSDT could do it in a few days - now it may take several months. A significant decrease in trading volumes and a negative situation in the crypto market have significantly reduced volatility and optimistic scenarios for updating historical highs of coins.
This is our main scenario for now. However, if buyers cannot hold the range of $0.059-0.062, we will expect the continuation of a powerful wave of decline with the target of $0.037-0.039
P.S. - our previous TRX forecast worked out completely:
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