TRX/XRP - XRP Near a Top - TRX Getting Ready for $1.50As we continue the analysis with this very interesting pair I also analyze each coin individually.
AriasWave always aims to make sense of what is going on any chart so you can make informed decisions.
It took 6 years to develop AriasWave, so as you can imagine I live and breathe waves.
I highly doubt you will find anything else out there that even comes close to this methodology.
I am always happy to share these insights and hope you enjoy watching.
Check out related ideas below.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial advisor, I suggest using this only as a guide. Always do your own research.
Tron
TRON CRYPTOCURRENCY ANAYSISTRON rebounded from uptrendline with strong bullish movement
Price is based above key level at 0.117465
Price is based HVN at level 0.120500 which indicates that TRON is in accumulation phase
Above SMA 100
MACD shows bullish momentum
RSI broke downtrend
It's expected forming bullish Elliot wave 5 to target resistance level at 0.147482
Tron (TRX) - May 6Hello?
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(TRXUSD 1W chart)
(1D chart)
The volatility around May 7th (May 6th-8th) should be watched to see if there is any movement that deviates from the 0.10457024-0.16863512 interval.
In particular, we have to see if we can get support and climb at 0.13660268.
If you fall at 0.12748467, you need a short stop loss.
However, it may rise along the uptrend line, so careful trading is necessary.
If it falls from the 0.09289318 point, a Stop Loss is required to preserve profit and loss.
On the CCI-RC indicator, it remains to be seen whether the CCI line can rise above the EMA line.
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(TRXBTC 1W chart)
(1D chart)
We must watch for any movement that deviates from the 215 Satoshi-262 Satoshi section.
If it falls at 168 Satoshi, Stop Loss is needed to preserve profit and loss.
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It is advisable to trade at your average unit price.
This is because if the price flows below your average unit price, which was on an uptrend or downtrend, there is a high possibility that you will not be able to earn a large profit due to the psychological burden.
The center of every trade starts with the average unit price 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, so that the money that ultimately corresponds to the profit can regenerate the profit.
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** All indicators are lagging indicators.
So, it's important to be aware that the indicator moves accordingly with the movement of price and volume.
Just for the sake of convenience, we are talking upside down for interpretation of the indicators.
** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the conventional 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 that oh92 disclosed. (Thank you for this.)
** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on 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 segment that can be bought for profit generation as a support point or segment
(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment transactions. 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 do not trade 24 hours a day.
G1: Closing price when closed
G2: Cigar at the time of opening
(Example) Gap (G1-G2)
TRON TRX : BULLISH CHANNEL WAITING NEW PUMP ! ! ! ! 🔔Welcome back Crypto Traders, Investors, and Community!
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TRON TRX - Breaking Out of Ascending TriangleThings to Note:
1. Bullish Market Structure- Printing HH and HL
2. Expansion in Volume
3. Price forming an Ascending triangle pattern
4. Following a rough uptrend line
P.S: This is NOT investment advice. This chart is meant for learning purposes only and is a part of my personal journal. Invest your capital at your own risk
TRX (As you asked) - TronConsolidation is what's happening right now for this coin.
Now that the alt season has started, there's no regret in getting this coin.
As I've said before: This coin is super cheap. buy it and hold it for years!
⚠️ NOTE: This usually happens when a coin gets hot on crypto platforms: it might go down by a little and then get back up to a new high.
Good Luck 🎲
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Tron (TRX)/USD Stay patient H&S???Just as we were starting to see TRX/BTC gain some momentum, it looks like we may need to take a further breather with the USD pair. I would absolutely like to be wrong on this one... but it wouldn't be a bad idea to stack some more TRON at lower prices. We all know where this company is headed. Of course we want to wait for the neckline break. Either way, the drop wouldn't be too big and it won't last too long.
Elliot wave analysis: It is pretty obvious that we are in a corrective wave B. We are experiencing this correction after such a nice run that brought us to 18 cents for the first time since 2017. I will stick with Wave B being the case as the RSI is heading into overbought territory on the 4 hour time frame. The main trend line (yellow) would be the next point of attack after wave c is finished. I wouldn't rely on a direct hit but within a nice range if you are looking to get your order filled.
Of course we have to confirm that the neckline has been broken. Always look for confirmation and keep an eye on that RSI. I'm neutral for now without confirmation. But overall, BULLISH. We are in a BULL MARKET. Tron should test it's all time high within month/s. Conservatively.
TRON ( TRX/USD ) - SWING ANALYSISTRON - The price is rising from last week low it bounced back very strongly, Momentum is in the favour of bulls and it's seems bullish at this price range as well, My approach will be a buy position in this and for the reference I have also drawn the path way to the top and support and major support is also there on the chart. Trade or invest as per your risk appetite.
Do write in the comment section if you have any doubt or question related to this analysis, also write if you want analysis on any other asset.
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