Tron
TrxUsd- New leg down?After finding strong support at 0.09, Tron started to correct only to encounter strong offers at 0.13
A new leg down could follow from this point on this coin and a drop to 0.66 liquidity zone is not out of the question
0.09 recent low also offers support.
I m bearish as long as the price stays under 0.13
Tron (TRX) - April 27Hello?
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(TRXUSD 1W chart)
(1D chart)
We must see if we can ascend above 0.12748467 point
If it goes down, you need to make sure you get support at 0.10487024.
If it falls from the 0.07253780 point, a Stop Loss is required to preserve profit and loss.
To continue the uptrend, it needs to be supported at 0.12748467.
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(TRXBTC 1W chart)
(1D chart)
We have to see if we can gain support and ascend in the 199 Satoshi-215 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)
TRXUSD Is this a Cup pattern?
I think TRXis completing the Cup and Handle Pattern (Completing the handle now).
Considering the BTC further correction and its influence on TRX, (and also the fact that the last wave's structure is still incomplete) we should still expect a further correction for TRX.
In the end, TRX looks very good in the long run, with the promise of reaching 6.8$.
TRX\XRP Update - Turning Point For XRP - Tron Eye's $1.50Just a quick update on the Tron VS XRP situation.
I am long term bullish on XRP so I am going to use this analysis to buy more XRP using profits from TRX.
It's an interesting situation and one that will either prove to be either successful or simply wrong.
The proof will be in the pudding.
Check out the related ideas linked 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 CLEAN TECHNICAL ANALYSIS CURRENTLooking attain here on the 1hr time frame we can see price has come up to a all time high area coming from a previous impulsive leg to this level where price rejected from 0.18.
Currently price has tripled down the the 2.618 fib level where support is being tested, price has got to this level in toe from of a descending channel (squeeze), price has made clean touched within the trend lines confirming the pattern.
Anticipating fro price to possibly make a push to the downside one more time to the 0.119 level where a second touch of the descending channel and the outer structure will meet at the signifiant 2.618 fib support.
There is a high probability that price will reject this level and make a push to the upside once again reaching the 0.16 level, then looking for price to create support at the 2.618 level before continuing higher
TRX update brutal long squeeze across the whole marketOBV bouncing mostly unphased
RSI double bottomed
i think that was the bottom
it might do one more squeeze if people over leverage again
so be wary of a bloody monday but after that
dips will probably be bought up quickly again
patienceis a virtue
avoid the red button today and tomorrow unless your a legit sniper
TRX\USD - Update On The Latest Price Action And A Little Extra..In this update I go through the waves, this time with a little more conviction and even going as far as to label small degree waves.
How about that...
Learning the waves is like going on Google Maps and learning every street in your neighborhood back to front and knowing them like the back of your hand.
Then you could plan a heist.
Same thing with the waves, you can gain a lot or save yourself pain simply by knowing the patterns at all degrees starting from the largest degree.
There is so much more to cover so I better get on with it.
Please see related ideas linked down below.
Just remember: I am not a financial advisor, I suggest using this only as a guide. Always do your own research.
TRX/USDT Regression TrendlineAfter breakout, TRX is oscillating in the regression trendline. 4h RSI is oversold. Still price is going above major blue trendline and it left very strong support levels behind. But it might retest regression trendline one more
(0.15500-0.15400)
(0.14600-0.14400)
(0.13200)
I'm still very bullish and holding my TRX in my spot wallet. But I will wait BTC daily closed candle.
If,
-> closed above 62k , I will look for new entry points for TRX futures positions
-> closed below 59.4k , I will not open any position
-> closed between, be on alert to 4h candle closed values.
BTC
$Trx 4 hour chart idea$TRX seems to be respecting the ma20 to n the 4 hour chart as support.
I expect it to drop until it meets the ma20 then move up again untill somewhere around .177/.178/.179
It appears it could be a few days before it tests .179, maybe 3 days or so, but who knows, if btc moves, everything moves so watch btc, watch the bounce up from ma20 on trx. Stops to save, if it collapses on testing resistance
Tron (TRX) - April 17Hello?
Dear traders, nice to meet you.
By "following" you can always get new information quickly.
Please also click "Like".
Have a good day.
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We'll have to see if we can climb above the 0.16863512 point for support.
If it falls, you need to make sure you get support at 0.13660268.
In particular, it remains to be seen if it can rise along the uptrend line.
If you fall at 0.13660268, you need a short stop loss.
If it falls from the 0.07253780 point, a Stop Loss is required to preserve profit and loss.
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(TRXBTC 1D chart)
We must watch for any movement that deviates from the 234 Satoshi-288 Satoshi section.
It remains to be seen if there is a movement to break above the 318 Satoshi point, which is an important point.
If it falls between 154 Satoshi and 181 Satoshi, you need Stop Loss to preserve profit and loss.
-------------------------------------------------- -------------------------------------------
** 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)