Get started

Trxusdlong

TRXUSD: Possible Long (28.09.2020)On H4, the price found support at 0.025, where divergence was formed between the price and the RSI, indicating a temporary end to the downside movement. Besides, the price made a breakout form trend line. An upward impulse is formed on H1, which portends a possible continuation of the price growth, and the price found support at 0.026 and RSI already have reached an oversold level on 0.026. We recommend buying now, as well as when RSI will be reached oversold level.
BITFINEX:TRXUSDLong
by QubitLife
1
TRXUSDt AnalysisHello friends. Please support my work by clicking the LIKE button(If you liked).Thank you! Everything on the chart. until we are higher than 0.0165 we're bullish i tend more for long (im in pos from 0.0173 and put 1 more buy limit order on 0.0169) targets: 0.019 and 0.02 after first target reached move ur stop to breakeven stop: under 0.0165 (depending of ur risk). ALWAYS follow ur RM . Good luck Follow me on TRADING View, if you don't want to miss my next analysis or signals. It's not financial advice. Dont Forget, always make your own research before to trade my ideas! If i help you to earn some money i will RLY VERYVERY appreciate for your donate. Open to your questions or suggestions(PM to me).
Long
by trytofeelpositive
TRXUSDt AnalysisHello friends. Please support my work by clicking the LIKE button(If you liked).Thank you! Everything on the chart. chart looking bullish We are in ascendind triangle You can buy it after fixing above 0.0151$ or for more confidence when we will breaking our triangle up Targets: 0.016$ - 0.0166$ - 0.0174$ (after first target will reached move ur stop to breakeven) growth cancellation if we rollback and consolidation below our local channel Follow me on TRADING View, if you don't want to miss my next analysis or signals. Good luck. It's not financial advice. Dont Forget, always make your own research before to trade my ideas! If i help you to earn some money i will RLY VERYVERY appreciate for your donate. Also open to your questions or suggestions(PM to me).Will be glad earn some money for me and you.
Long
by trytofeelpositive
3
These Moves Can Lead The Tron To $0.35Hi friends hope you are well and welcome to the new update on Tron. After the drastic drop from Feb to March 2020 the TRX has started the recovery rally like all other top coins. On daily chart the priceline has formed an up channel for the upward movement and recently on 10th and 11th May we have witnessed strong bearish candlesticks. And at that time the TRX was likely to break down the channel support. But now the candlesticks are moving side with the support and weak bullish candlesticks are appeared signaling that the bears are losing control. The exponential moving averages: After the death cross between EMA 10 and exponential moving average 21 on 25th of February the price action was facing a strong bearish trend. Finally on 7th April the EMA 10 crossed up the EMA 21 and formed the golden cross. Since then the price action is using the exponential moving average 10 and EMA21 as strong support. We can see from 10th to 22nd of April the candlesticks had been moving sideways on these EMAs and used these exponential moving averages as support very well then moved up and started the next rally. at this time the price action is again moving sideways on EMA 10 and 21 and using these exponential moving averages as a support. Therefore we need the closing above these EMAs for the next bullish rally. The simple moving averages: If we watch the simple moving averages on the daily chart then it can be clearly seen that since the price action has turned bullish in the mid of March 2020 it has easily broken out the 25, 50, 100 and 200 simple moving averages. After breaking out the 200 smple moving average the TRX tried retest the previous resistance as support but could not retained its position and moved down at 25 simple moving average again. At this time 50 SMA is moving up to form the golden cross with 100 in 200 SMAs. Once we will have the golden cross between 50 and 200 simple moving averages then it can produce more powerful bullish rally that can help the price line of TRX to break out the resistance of the channel that has been formed on the daily chart. Triangle on long term chart: Now if we switch to the long-term weekly chart then the price action of Tron has formed a triangle. And after hitting at the support it is getting bounced from there. I have also place the volume profile on the complete price action moving within this triangle. that is showing that the traders interest is very low below the support of this pattern. Therefore when the price action moved down where the trader’s interest was very weak TRX turned bullish and now it is likely to make another attempt to break out the resistance of this triangle. If we watch the movement of Bollinger bands then the upper band of the bollinger bands is above the resistance of the triangle. That is very positive sign and that will be helpful for the priceline for the breakout. Because if this bollinger bands would be below the resistance of the triangle then it could play a role of strong resistance to stop the priceline reaching the triangle resistance. The breakout from key level resistance can lead Tron to $0.35: Now I would like to show you the long-term resistance and support levels on this weekly chart. In my previous article we have seen that the priceline was at the support of $0.0127. Now it is getting bounced from the support and moving towards the next resistance level of $0.023. On this chart we have a key level resistance at $0.04. This $0.04 resistance level is very strong because since July 2018 when it was broken down the price action is not able to break out this resistance level again. Once the Tron will be able to break out this key level resistance then there is no significant resistance level between $0.04 to $0.08. And in my point of view once the price action will break out this $0.04 resistance level then TRX will easily break out the next resistance level of $0.08 and then this breakout can lead the price action to hit the previous highest price of $0.35. Big bullish harmonic move: Here I would like to recall a very big bullish Shark pattern that has been formed on the monthly chart. I've also shown this pattern in my previous articles as well. I was expecting that after taking bullish divergence from the potential reversal zone of this pattern the price action will breakout all resistance levels on long term. But unfortunately after taking the bullish divergence of 114% the price action again dropped down in the potential reversal zone. But this buying zone level is a very strong support therefore the price action is likely to move up again on the long term and soon it was start a sequence of green bullish candlesticks. I am pretty sure that this bullish Shark pattern will be very much helpful for Tron to reach the previous highest price level of $0.35 that is more than 2000% from here. Conclusion: Further bullish movement depends in breaking out the 100 and 200 SMAs and the channels resistance on the daily chart. Once the price action will breakout these resistance levels then TRX can break out the resistance of triangle on long-term weekly chart then it can break out the key level resistance of 4 cents to achieve the highest price of 35 cents on long term. Note: This idea is education purpose only and not intended to be investment advice, please seek a duly licensed professional and do you own research before any investment.
BITFINEX:TRXUSDLong
by moon333
2
You Should See These Bullish Signals Of Tron (TRX) BreakoutA big descending triangle move: Since November 2018 the price line of phone is moving within a descending triangle. On weekly chart after the recent strong bearish trend the price line of TRX is again reached at the support of this triangle. And now we have third candlestick that is hitting at the support. The first candlestick that has touched the support of this triangle was very long strong bearish and it has even crossed beyond the support of the triangle but in very next candlestick the price action is retraced back and now Tron is above this support again. I have also placed the volume profile on the complete price action moving within this triangle. And we can see that the trader’s interest is very low near the support level and even the point of control of this volume profile is $0.0246. Therefore we can expect the move up to the point of control soon. Priceline did not breakdown the short term daily chart support: In my previous post that I posted on 8th march 2020 I was expecting that the price action will hit at the support of $0.0127. This is short term daily chart support for Tron. And now we can see that the price action is hitting at this support and so far we don't have even a single candlestick that has been closed below the support level therefore this short term support is still valid. A bullish Shark is still in play: In September 2019 I posted an article where I have revealed that the price action of Tron had formed a complete bullish Shark pattern. The formation of this pattern was started on November 2018 and completed on September 2019. Its mean when I posted this article then the price action just had completed this pattern. And in the month of February 2020 the priceline turned bullish and produced more than 114% profit and in very next candlestick the price line dropped down in the PRZ level again. In case of bullish rally what should be the sell targets: Now we have to two chart patterns one is the big descending triangle on weekly chart and other one is a very big bullish Shark pattern that is still in play therefore we can set our cell targets according to both patterns. Therefore now we have two types of cell targets. 1. Sell targets according to descending triangle: If we place the Fibonacci retracement tool from the tail of the triangle upto the support of the triangle then we receive the Fibonacci projection area between 0.382 to 0.786 Fib level at $0.0216 to $0.0343. Therefore we can set this bracket as sell targets. 2. Sell targets according o bullish Shark: If we place the Fibonacci retracement tool from C to D leg then we receive the Fibonacci projection area between $0.020628 to $0.033906 this is very close to the targets as mentioned above. Conclustion: The Tron likely to failed breaking down the support therefore we can accept a break out or bullish rally from this level. But the support level of triangle where the TRX is moving at the moment is very critical and this support is a market structure for the Tron. If it will be broken down then the situation can be more disastrous therefore we should use the support of descending triangle as our stop loss.
BITFINEX:TRXUSDLong
by moon333
1
TRXUSD extended the leg to form a bullish SharkIn my previous idea the C to D leg of Tron / Dollar was retraced between 0.618 to 0.786 Fibonacci and was likely to form bullish cypher as below: But now the D leg is extended bit more upto 0.886 Fibonacci and forming a shark pattern. Now the price action is entered in potential reversal zone. I have used Fibonacci sequence to set the targets: Buy between: 0.013921 to 0.007883 Sell between: 0.020572 to 0.033886 Regards, Atif Akbar (moon333)
BITFINEX:TRXUSDLong
by moon333
1
Tron formed bullish BAT and completed bullish setup for breakoutBear Move And Formation Of Wedge: From Jun 2019 to Sep 2019 after taking more than 70% drop the world's 11th largest cryptocurrency Tron is moving in a falling wedge now, the formation of this chart pattern was started from Oct 15 2019 the in mean while the priceline of TRX has touched 5 times the support of this wedge and hitting 3rd time on the resistance of the wedge and the upper bands of the Bollinger bands as well, here we can expect the down move for price correction again maximum upto the support of this wedge or it may hit the support or lower bands of Bollinger bands and move up again and then it may take a powerful bullish divergence to have a powerful breakout. Moving Averages: On 17 Nov the exponential moving average with time period of 10 crossed down the exponential moving average 20 and formed the death cross which leaded the price action more than 36% down but now we can see on the same day chart the EMA 10 has crossed down priceline and lifting it up and likely to form golden cross with EMA 20 very soon. Oscillators: The moving average convergence divergence (MACD) gave strong bullish signals on 21 Dec 2019 with bull cross and Stochastic had already given bull cross before MACD on 18 Dec 2019 the reletive strength index (RSI) was also oversold up til 18 Dec 2019 and then turned bullish but now all indicators are turning weak bullish and they will be turned strong bullish soon when the price correction period will be ended and it can take time until the price action hits the wedge's support or lower bands of Bollinger bands and turns bullish again. The Cloud Reversal: On 1st Dec the Ichimoku cloud was turned bearish now it is turning bullish after 24 days, the conversion line has crossed up the base line and has given bull signals but sofar the lagging span is unable to cross up the priceline therefore this bullish cloud reversal is not 100% confirmed unless the lagging span does not cross up the price line we just need to wait and see once it will move beyond the price action upwards then this bullish cloud reversal will be confirmed. The Harmonic Move: If we see on 3 day chart then it can be clearly seen that the price action of Tron has formed a perfect bullish BAT pattern let have a look how perfect this pattern is formed: After initial leg (X to A) the A to B leg is retraced between 0.382 to 0.50 Fibonacci and then B to C leg is projected between 0.382 to 0.886 of A to B Fibonacci projection and last leg (C to D) is retraced between 0.786 to 0.886 Fibonacci and now the price action is moving in potential reversal zone of this BAT pattern now we can expect bullish divergence at any time which will lead the priceline between 0.382 to 0.786 Fibonacci projection of A to D leg atleast, but if after this bullish divergence the candles sticks will be closed above the 0.786 Fibonacci projection then it can also lead to the long term bullish move. However for mid term trade we can set our targets as below: Buy between: $0.014140 to $0.013032 Sell between: $0.016840 to $0.020867 Regards, Atif Akbar (moon333)
BITFINEX:TRXUSDLong
by moon333
1
TRX Took More Than 95% Move And Turning More BullishHarmonic Bullish Shark Move: On Sep 2019 I posted that on month chart the Tron has completed a big bullish Shark pattern, the formation of this harmonic pattern was started since Sep Nov 2018 the price action of TRX was driven perfectly as required for Shark pattern as below: After inertial leg (X to A) the A to B leg was retraced between 0.382 to 0.618 Fibonacci and then B to C leg was projected between 1.13 to 1.618  of A to B leg's Fibonacci projection and final (C to D) leg was retraced between 0.886 to 1.13 Fibonacci and here the pattern was completed and price action was expected to take a powerful bullish divergence to hit the Fiboancci projection area of C to D leg between 0.382 to 0.786 Fibonacci below was the post: Harmonic Bullish BAT Pattern: In the meanwhile the price action of Tron formed another bullish BAT pattern on midterm 3 day chart and this pattern was formed within the potential reversal zone of above Shark pattern and this move confirmed that the TRX is gonna take a powerful bullish move soon, and this pattern was also very perfectly driven as below: After initial leg (X to A) the A to B leg was retraced between 0.382 to 0.50 Fibonacci and then B to C leg was projected between 0.382 to 0.886 of A to B leg's Fibonacci projection and final (C to D) leg was retraced between 0.0786 to 0.886 Fibonacci as perfectly required for bullish BAT pattern and I posted this pattern on 16 Dec 2019 on tradingview and then on publishOx: Execution Of Both Pattern One By One: Then 1st the price took bullish divergence from potential reversal zone of BAT pattern and entered in potential sell zone of this BAT pattern and eventually the big bullish Shark pattern also executed and price action pushed more and entered in C to D leg’s Fibonacci projection between 0.382 to 0.786 Fibonacci. Now What Next? This move produced 95% big gains and after 7 months 1st powerful green heikinashi candle stick is appeared and on week chart 5 powerful green candle sticks are formed, and on week chart the candle sticks are stick with upper band of bollinger bands and the bollinger bands is being expanded and likely to pave the way for the priceline to help moving up and the Basis of bollinger bands (which is in acutal 20 moving average) is also moved up indicating that soon we can see a proper up trend on week chart. Exponential Mvoing Averages, Supports And Double Bottom Formation: Price action of Tron has crossed up the exponential moving averages with time period of 10 and 20 and EMA 10 has formed bull cross with EMA 20 and lifting the price action up. We can also see that the priceline has found a strong support at $0.012160 which is not broken since Nov 2019. Now the price action has also formed a double bottom on this support and every one know that double bottom on week chart can lead to very strong bullish rally. Ichimoku Cloud: Upto 3 day chart the Ichimoku cloud is turned bullish with lagging span has crossed up the priceline and conversion line crossed up the base line and candle sticks are likely to cross up the cloud very soon, once the priceline will cross up the cloud then the price reversal or pullback will be difficult. Simple Moving Averages: On day chart the simple moving averages with the time period of 25, 50, 100 and 200 are likely to form an opened alligator’s mouth as they formed in May 2019. Sofar the 25 simple moving average has crossed up all other simple moving averages and 50 SMA has crossed up the 100 SMA now there is a golden cross expected between 50 SMA and 200 SMA which can produce more powerful bullish move because golden cross between 50 SMA and 200 SMA is thought to be an ideal golden cross and bullish signal among the professional traders and then finally we will have a golden cross between 100 SMA and 200SMA which will lead to the completion of opened Alligator’s mouth. Bullish Continuation Pattern Is Being Formed: On day chart very interesting cup & handle pattern is likely to be formed same as like in Bitcoin's chart. The wave down and wave up are moved very soft and round shape like a real cup's body, there is no V shape or hard corners and this is a fact that as much this shape will be soft or U shape rather V or hard corner shape as much the Cup & Handle pattern will be true and confirmed. We have a price resistance level at $0.022100 and this level is also the resistance of expected cup and handle pattern. At this time the price action is hitting the resistance and from this level there can be a pull back which can lead to start the formation of handle of this cup to complete the pattern and this pull back can be temporary because this pattern is in fact a bullish continuation pattern which can lead the price action to breakout the resistance of $0.022100 then the price line may move to next resistance level at $0.029732. Soon I will post more update with more developments in TRX.
BITFINEX:TRXUSDLong
by moon333