ETHTRX trade ideas
There is a trading opportunity to buy in TRXETH Technical analysis:
. TRON/ETHEREUM is in a range bound but the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 46.
. The RSI downtrend is broken, so the probability of a resumption of uptrend is increased.
Trading suggestion:
. We have already opened 7 BUY trade(s) @ 0.00007898 based on 'a reversal candle ( Bullish engulfing )' entry method at 07.24.2018 in our suggested support zone (0.000075 to 0.000070).
Beginning of entry zone (0.000075)
Ending of entry zone (0.000070)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.000084
TP2= @ 0.000094
TP3= @ 0.000104
TP4= @ 0.000123
TP5= @ 0.000145
TP6= @ 0.000319
TP7= Free
There is a trading opportunity to buy in TRXETH Technical analysis:
. TRON/ETHEREUM is in a range bound but the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 46.
. The RSI downtrend is broken, so the probability of a resumption of uptrend is increased.
Trading suggestion:
. We have already opened 7 BUY trade(s) @ 0.00007898 based on 'a reversal candle ( Bullish engulfing )' entry method at 07.24.2018 in our suggested support zone (0.000075 to 0.000070).
Beginning of entry zone (0.000075)
Ending of entry zone (0.000070)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.000084
TP2= @ 0.000094
TP3= @ 0.000104
TP4= @ 0.000123
TP5= @ 0.000145
TP6= @ 0.000319
TP7= Free
Tron Ethereum pair explains everythingI believe this shows impulsive since 2/1/2018 nobody could get a good count on tron because they were not and couldn't off of btc pair. Because BTC took such a dip we ate shit on trx btc pair doing more of a WXYXZ correction and looking like a 1-2-3-4-5 move with truncated 5th. That 5th? is a B wave hit exact .78 retrace of A. This all means we are about to start wave 3 after we finish this ABC correction. I estimated these numbers off of a bounce in golden pocket .618 retrace. Its already bounced on .50
TRXETH: Wave 3 ending, Wave 1 incoming for Tronix?I love TRXETH because the pair remained relatively stable throughout the downtrend even though TRXUSD can't tell the same story. Price is still holding great at around .000087 ETH, having gone above .0001 ETH in recent months. It's a long downtrend and the entire cryptosphere is full of fear, uncertainty and doubt. I believe current sentiment does not reflect the state of the market accurately, however.
The price is holding between EMA 13 and 21, a relatively positive signal as price has not fallen through EMA 55 which would be worse. Volume is low however.
To me it looks very clearly like five waves up were completed and I think we would all like to see a three wave correction. IF that is the case, given the price has been maintaining this level, this could be the bottom for the third correction wave. Will it retrace to the .618?
Can we expect another five waves up to finally leave the bears to hibernate?
I am long on TRX and do not plan on trading these levels. Despite the recent FUD, fundamentals on TRX are strong. Even though the company's roadmap has a long way to go, Tron is one of the more serious blockchain projects out there.
Tron (TRX) - Long Term Head & Shoulders Formation Completion?Looking to hear some others thoughts on this Head and Shoulders formation, and whether others think its completed or still going down farther. Currently short-term looks like it will turn bullish.
What do you think? Looking forward to seeing others ideas.
TRX on huge support zoneTRX is resting on a huge support area generated over the last months. If it breaks, we will go down to the level of 8300, although RSI is on the sold area.
Therefore based on Fibonacci and a small resistance zone generated on the last few days, I will make the following targets:
T1: 8730
T2: 8830
T3: 9000
T4: 9300
T5: 9700
SL: 8300
Good luck trading
Multiple Divergences TRX/ETH 4H ChartsAs seen above we are looking at 2 divergences..
RSI Divergence, price make new low and RSI made new high.
MACD climbing despite price continuing to fall. Could signal potential trend reversal.
What are your thoughts on Tron (TRX) after the main net launch?
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