Tron
TRX Breaks Bull Pennant & Shoots For $0.20-TRX breaks out of week long bull pennant
-Bears defend $0.15 as key resistance
-12 hr stochastic RSI Indicates there is more juice in the tank
TRON , the 17th largest cryptocurrency, has had a bullish week rising nearly 45% from its low of $0.10 on April 8th. Along with this rally, other top altcoins have joined the party such as Binance Coin (BNB), XRP and Stellar Lumens (XLM). This may only be the start as TRX has broken out of its been pennant rallying nearly 20% today.
At the time of writing, TRX is in limbo between two important support & resistance zones as the bulls try pushing for a new 2021 ATH. The immediate support level is near $0.138 which happens to be the previous high of TRX set on April 5th. After the price broke out & retested its bull pennant, TRX quickly reached immediate resistance level of $0.151.
The bold resistance level of $0.151 is the mark for TRX to break and hold to have a shot reaching one of the last resistance levels ($0.20) before all time high. If the bulls fail to break this level we can expect the price of TRX to stabilize in the $0.127-$0.138 zone.
Viewing the Stochastic RSI (blue and orange), bullish sentiment is seen as a 4 day reset in oversold conditions have shot the value past 50 confirming a bullish upswing. This indicator is considered to be bullish anytime the blue moving average is above the orange moving average. Looking at the Relative Strength Index (RSI), the value has crossed into overbought conditions which is where the large bullish price movements occur. These conditions indicate TRON has switched to bullish mode and the bulls aren’t tired yet.
TRX intraday levels
Spot rate: $0.146
Trend: Bullish
Volatility: High
Support: $0.138
Resistance: $0.127
TRXUSDT - ALL TIME HIGH (HOLD)TRON just touched a new ATH.
Now I know I've always set buying and selling ideas for you, but this time I'm here asking you guys to buy this coin and never touch it for a few years...
Hold it, Stake it... get it locked! whatever you do, don't touch it. come back and see the results in 3 years.
Don't forget that TRON is one of the MOST strong coins in the whole market and is now supported by too many businesses.
Good Luck 🎲
Tell me your ideas. Like and Share 🗣✅
TRX/USDT Bullish Pennant or Symmetric Triangle Breakout?TRX breakout the bullish Pennant or Symmetric Triangle in the 2h chart. Retest and confirmation is very important for new entries. I will target 0.382 fib extension level (0.14660) in the first stage. RSI supports the breakout.
Also price is still above the ascending triangle which I posted yesterday.
All parameters make me so bullish.
If you agree or disagree, please leave comments :) . Have a good day with huge profits.
Not a financial advice.
TRX bounced from trendline supprtTRX / USDT
found new trendline Support
and pumped above resistance 23% fibonacci
these are good signs for continuation as long as we hold this trend support
Daily close below trendline will Invalidate this pattern in short term
Dont forget that we are riding the full bullish wave in TRX since 0.05$ level 🤑
Check here 👇
Good luck
TRX/USD: UpdateTRX has been riding the green support marked. A break below it would be a sell signal to try to buy back at next support marked. We are currently still above the previous indicated channels (May have to zoom out to see bigger picture). If price holds green support I'd expect price to hit to resistance line around $0.19 before a potential bigger pullback.
TRX\USD - Minimum Upside Target $1.50Currently under 15cents, I believe Tron still has some decent upside.
Due to this trend being choppier since the lows than Wave (A) this adds credence to the Wave (C) Zig-Zag theory.
I have linked the related TRX\XRP chart below in related ideas.
I also talked about the TRX pattern in previous video idea which I will also link below.
Just remember: I am not a financial advisor, I suggest using this only as a guide. Always do your own research.
TRX\XRP - The Tides Are Turning for TronJust a quick to illustrate a potential reversal in the TRX\XRP pair.
A break of the dotted magenta line should indicate a break of Wave 4 and that a reversal could be taking place.
I believe this signals higher prices for TRX.
I will post a separate chart for TRX\USD with upside target.
Just remember: I am not a financial advisor, I suggest using this only as a guide. Always do your own research.
TRX - buy, hodl and stake TRON! 🚀TRX is on our golden list of altcoins for long-term. It is very good project for holding and staking. You can stake it for example on ledger. We strongly recommand you to stake all coins which you are holding on long-term but only if that place is safe. You should stake just in places where you are owner of your private key such as Ledger, Exodus or Atomic. Ledger is most safe of course but you can stake there just few of altcoins.
TRX is really nice coin, it already gave our subscriber +100% (in btc ) but we are sure that it will pump harder + we will maximize our profits by staking. Remember that even if your staking rewards are not so big - we will sell this coins after it will give us 300-1000% or even more. So your rewards will be also +300-1000% and after that it can be much bigger amount.
🚀 This coin is on our golden long-term altcoins list. It may be very good project for long term investment.
❎ No TP for long-term investments. We can`t predict exact altcoins targets in long term, but thanks to our experience and glassnode we are able to predict exact bitcoin targets. Our long-term strategy is just to hold these altcoins until glassnode indicators will say us that we are close to end of bullrun. And then we will sell everything in 15% parts.
✅ Bullrun is easy. Just accumulate coins from our golden list (long) and play with our signals (short). Diversification is the key to success.
DOW JONES VS CRYPTO - Discussing The Overall Bullish ThemeThis is video 15 in this series.
In this video I talk about the overall bullish theme and how alt coins seem to follow this theme.
Alt coins create their own hybrid version of the waves that occur in the Dow Jones and Bitcoin.
I didn't get time to touch on the EURUSD chart but will likely continue this in the next video.
The point I am trying to make here is that we still haven't seen the end of the overall correction.
It's ok to get excited about bear market rallies but you should at least know if you are trading within one.
As I continue to build on previous videos we should start to see more progress with understanding the moves ahead.
Just remember: I am not a financial advisor, I suggest using this only as a guide. Always do your own research.
TRX\XRP - Tron VS Ripple Continued - Analysis of Current StateThis is video 14 in this series.
Before we really start getting into the essence of this entire series I want to add some more of my thoughts on these pairs.
We have just seen a break of the start of Wave E of Wave 4 in Bitcoin so I want to talk about how some ALT's have reacted.
So far this price action keeps adding credence to the FOMO\Hype scenario we are seeing in the crypto sphere.
I just want to touch on a few things before I really start to the lay out what I really think is happening across the board using a confluence of data from many charts.
Remember that each video idea in this series builds on the previous ideas and I am only just getting warmed up.
Be prepared for what is to come by checking out previous related video ideas from this series linked below.
Just remember: I am not a financial advisor, I suggest using this only as a guide. Always do your own research.
Tron- back under 0.1?Tron gained about 250% in just 6 trading days and, after an initial correction to 0.1, has recovered about 50% of the drop.
In my opinion, a new leg down will follow from this point and we can see the price under 0.1 soon.
On the other hand, if the price manages to rise above 0.13 again this scenario is invalidated