ETHTRX trade ideas
TRX the Money Multiplier explained using MACD and ADXI bought in when released on Binance, and sold at 9 cents. Here I analyzed the trends to see potential indicators that could have increased my profits. Personally, I recommend buying now as we are at a new entry point and the wallet for this polished Company has yet to be released. The TRX wallet is still a beta java project that has to be built from source. However, it functions as promised.
New Idea - Cypher Pattern on 1HR Chart TRXETHMy previous idea using the elliott wave didn't work out right. After reviewing other people's ideas on TRX/ETH and TRX/BTC, it appears that the wave that I called #1 was actually #5. Based on other's ideas, it looks like we just finished correction wave ABC. Lots of negative comments throughout along with widespread rumors.
Most of these altcoins are speculative and we are all still early investors. We may not be BTC early but we are definitely still in the early stages. If you're investing, you're either in it for the quick profits or you're investing in the idea/team.
If the coin goes up which I expect it to, we have a bearish cypher pattern forming on the 1HR chart. Expect lots of resistance at the 0.00027 with wicks at the 0.00032 mark followed by a .382-.618 retracement.
Let me know your thoughts.
Interpretation of the TRX correction wave - ABC patternThis is how I see the wave between the lower and high timeframes. the ABC taking on individual alternating structures on the smaller level to create the downtrend correction. If this is the case, the price just has to fall below 0.00011043 before the corrective wave can be completed and the uptrend motive impulses can begin.
Please let me know if you see anything wrong with this.
BUY TRON ( TRX) prefect settlement at both trend line and price action support. Looking for a burst to new highs
TRX / ETH **What you guys Think**
Hello traders,
I have a lot of expectation on Tron crypto, I believe it will go to the moon but we just have to be patient.
Let me know what you think, disagree or not and why.
Happy trading,
Darwin
trx in the next few hours my first roughly drawn graph.I may have drawn the graph incorrectly but I believe it will find support around 9600. if it breaks downward. I doubt it will make new highs but I'm hopefull it will move sideways.
Potential Buy Opportunity TRONOn the TRXETH 4HR Chart, it looks like we have the first impulse wave followed by a 61.8% retracement on our 2nd wave. Good buying opportunity now at $0.14-$0.16. The better strategy is to wait for a breakout past the $0.25 mark or 0.00025 ETH. Looking for volume at this point to push the price to our 3rd wave where I believe we'll at least hit the 1.618 level at 0.00047. I put the 3rd leg up to the 0.00050 mark since this may be a psychological number. By all means, it does not have to stop there since the 3rd wave is usually the largest but 0.0005 is a conservative target level.
As mentioned, look for buy entry now at the .618 retracement which is 0.0000083-0.000010 BTC and 0.00014-0.00016 ETH or wait for volume increase and a breakout at 0.00025 ETH.
TRX: HUGE 40+ PERCENT GAINS WITH A 7.25 RISK REWARDDisclaimer : Anything that I say is my own opinion. I have been doing my own personal research and believe that TRX is an excellent investment. After following it for a few weeks I made a small investment. Any money that you invest is your responsibility. Do some research and learn about the currency yourself before putting your hard earned money into it. This is not a "pump and dump" , it is just a friendly investor sharing his insights.
As you may know, I charted TRX a few days ago and we saw incredible surges in price. At one point I was up around 150% my money! With all highs there are lows and I soon saw TRX slowly come crashing down. After watching the charts, and holding, I now see a potential for TRX to explode again.
Let's get started!
Firstly, I wish you could see the 1 minute chart that I have created. Tradingview won't allow me to publish the 1 minute chart, but if you could, I would try to change it so you can understand my predictions.
To start off, I put an orange line to indicate the support line . For the past day I have been seeing TRX fall back on this number giving me the prediction that it is a good time to buy more stock .
The resistance line that TRX must break through to see a surge is around 0.00013704 (Purple line)
Like always, I put a blue rectangle to indicate where you should buy . This range is between the support and resistance lines. This would be around 0.00013703 and 0.00013248
I will be putting milestones in the chart, but you do not have to follow them.
1st milestone : 0.00014112
I would not advise to sell anything at this milestone. If you are skeptical about trading and want to ensure you come out of this trade then take a small percentage out.
2nd milestone : 0.00014795
I believe, even if you want to hold for longer, you should sell a small portion here (10 percent) Ensure you have some profit from this trade.
3rd milestone : 0.00015436
This is a huge milestone. If TRX hits this milestone we can easily see it surge to the fourth.
4th milestone : 0.00018843
In the next few days I believe that TRX as the capability to easily surge to this milestone. That would ensure a 40% return with a 7.25 risk reward.
Thanks for looking at my charts. If you have any questions or pointers regarding TRX or trading in general let me know. Happy trading!
Divergence for Long positionCurrently TRX is building a falling wedge and building divergence as per MACD and AO. It is also oversold in Stoch RSI.
After it has completed the wedge, it will go into MINIMUM of fib 1.618.
Buy at current price;
SL at 0.00013. if it breaks 0.0013, please exit the trade as this idea is not valid anymore. We will have to wait another pattern to build up.
Exit strategy would be depending on your own strategy. 1.618 is the minimum TP. once it hits 2.618 or 3.618 or 4.236, it will retrace as the movement is complete.
For donation purpose;
BTC ; 19gKRB8RAybarS52L6AWDHuWPMKvAsy4Ce
TRX ; 0xb3a89767a17c8cd2a56cc8c45c4292f654076ff6
ETH ; 0xb3a89767a17c8cd2a56cc8c45c4292f654076ff6
TRX/ETH Fibonacci Retracement AnalysisBased on my Fibonacci & Technical analysis, recent downward in price is a reflection of recent surge in price.
From Jan 2-5, TRX went from $0.006 to $0.28 during an explosive upward rise.
This has been followed by the predicted downward price correction before the next big run. My prediction is that the price will find its new support line located at $0.15 (near 0.618 Fibonacci line) on Jan 7th.
New support has been formed at $0.15 (0.00015 TRX/ETH) to be ready for the next rebound up!
This is setting nicely up for the next new growth peak, predicted at 1.618 Fibonacci scale of $0.36 (0.00036960).
Before Reaching $0.36, next resistance line may reform at $0.28 (0.000282, the last peak from Jan 5) before breaking through to $0.36 (at 1.618 Fibonacci line).
For me, Tron has solid investment and talent to back it up. Now it is top 10 currency. I am very bullish with long term investment. Plan is to follow the ride using Fibonacci to predict the market.
Pick up more tron at 0.00015 then,
25% sell at 0.00028 (TRX/ETH) or $0.28. Then buy back in at 0.000197 (TRX/ETH) or $0.19.
25% sell at 0.00036 (TRX/ETH) or $0.36. Then buy back in at 0.00023 (TRX/ETH), or $0.23.
Keep 50% of holdings at all time for long term investment, or at least until it hits $10.
I welcome constructive comments. Thank you for reading and happy trading! =)
Strong resistanceI managed to place a few good trades using this resistance, i think this area is a good sell signal for short term traders.
Cheers!
This is not an investment advice.
TRX in consolidation #TRX $TRXTRX looks like it has found its bottom at around .14 - .15. For anyone looking to get in long term this would be a great chance to by into the coin. I don't think it will love a lot until this formation pans out. Im betting on an extended cup and handle formation here where TRX eventually tries to re touch the ATH, but that won't happen for a bit barring any major news.
TRXETH Worth buying?Following the fibonacci and correction wave with cumulative events coming in the next few days (announcements with corporations from NASDAQ(Apparently) however following their team its hard to dispute the possibilities.
Tron TRX/ETH - Breaking to the upside soon!End of Corrective wave, confirmed by possible break of descending triangle. Beginning of first wave in the new Elliott Wave Cycle
trxis only the beggin, buy in the gray zone if return tp in 0.75 usd for my first tp.. and just hodl guys
Good Job Followers: Tron (TRX)
Hey followers, so hopefully everyone was able to get into BINANCE:TRXETH within .00013800 - .00015500 ETH range.
BINANCE:TRXETH then quickly made a lower low which sets up the potential for a long term trend upward.
Let us not forget that we have short term news on the horizon.
Where to go from here:
1. Looking for BINANCE:TRXETH to continue consolidating within the green rectangle.
2. Watching to see if it further establishes the upward trend (denoted by the pink line)
3. Hoping it doesn't drop below resistance of green rectangle
4. Anticipation $ upon short term news
If you gain, I gain reputation points so make sure to tap the agreed button and feel free to follow.
Disclaimer:
I'm not a trained financial advisor
Ideas are not advice, you are responsible for your own due diligence
I hold long/short trx
How do you not like Justin Sun? Tron Up, Up, Up
The young man's resume is impressive and I for one and not betting against him. He says there's news coming. Given his pedigree, I'll be very disappointed if it's a significant announcement.
-Creator of Peiwo App
-Forbes 20 under 20,
-Forbes 30 under 30,
-One the the first students of Hupan University (Understudy of Jack Ma -owner of Alibaba and founder of Hupan University),
-Alibaba delevopers on team/board
-Ripple chief representative of Greater China
Source: www.forbes.com
Over the next to 1 1/2 -2 days I anticipate BINANCE:TRXBTC to continue to pull down into the green rectangle denoted on my chart.
With the rise in price of BTC , COINBASE:ETHBTC and COINBASE:LTCBTC , I anticipate many to keep money there.
This should help continue to pull BINANCE:TRXBTC down into the area denoted on the chart by the thumbs up.
I will be looking to add BINANCE:TRXBTC in this area and could be a great place to pick some up for a short trade.
This would be a good entry point for someone looking to get started with BINANCE:TRXBTC because of the strong resistance levels in this area.
1. Combine a reasonable entry point with a well publicized announcement this weekend of a NASDAQ listed company partnership and the possibility exists for a short and profitable trade with measured downside risk.
2. In the worst case scenario, the news is already priced in. You have to hold the coin at a good entry level until the money comes back from BTC , COINBASE:ETHBTC and COINBASE:LTCBTC .
I'm doing my best to reputation up, so if the idea rings true to you - hit up the like button ...
We're watching you Tron!!This may get a little short term interest. Watch out if it breaks support though
Predicted TRX (TRON) Bullish Drive to 70 centsThis chart is perfectly lined up for a hard recovery drive. I don't think it will break out in the next hour, but I'm sure it will bounce off of the fib zone on the downside and push hard into a strong bullish impulse.
