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TRXBTC trade ideas

TRON Chart Fully Mapped | What Happens Next? | 72% Target MappedTRON (TRXBTC) is now trading within an ascending channel on a newly formed uptrend; higher highs and higher lows... What happens next? After the last high hit on the 14-Feb., prices for TRXBTC started to drop. Yesterday a low was hit 0.00000160 which coincices with the 0.786 Fib. retracement support relative to the last bullish wave, which can signal the end of the retrace. We can also notice really high volume today. If the bulls continue to garner momentum while pushing prices up, we can expect TRXBTC to reverse and hit this ascending channel TOP... This will result in 50% of gains or even more. Remember to have a plan/strategy if you decide to trade this call. This is not financial advice. Thanks a lot for your continued support. Namaste.
Long
by AlanSantana
4
TRX ANALYSIS (BOUNCE INCOMING!)TRX ANALYSIS: TRX has fallen sharply down to support, but a deep scam wick was eaten up by buyers. The buy side brought the daily wicks above 200MA at 190+ sats. This is a positive hold. I expect the sharp decline to be broken up by a relief run back up to daily resistance. The take profit targets are at 200, 209, and 217 sats. Take partial profit at each step as the sell volume has been extreme. Very possible TRX is rejected again at daily block zone. Possible Entries: 190-194 sats
Long
by altchicasignals
TRON Getting Ready To Move (60.60% Mapped)For TRON (TRXBTC), we have prices trading in between EMA300 and MA200... As marked on the above chart. Prices for TRXBTC went below MA200 (black line) just to quickly bounce back above this level while printing a higher low (light blue) compared to 8-Jan. - So, on the 8th of January 2020, TRXBTC hit 0.00000171 and started to move up. - On the 14th of February prices for TRXBTC peaked at 0.00000262, this is near EMA300. - Now that TRXBTC retraced and tested MA200 as support, it is likely to go higher and test EMA300 at 0.00000250+ once more. These signals are still early but we believe that TRXBTC can bounce here... We will see how it goes. Feb 2 | Tron Conquers New Resistance, Extremely Bullish (600%+) Remember to have a trading plan/strategy before you decide to trade. The charts are always changing, what would you do if prices go the other way? Always be prepared for all scenarios and do not get stuck on what you believe will happen next. Reduce risk... Start small... Take your time before you trade. This is Alan Masters... Thanks a lot for your continued support. Namaste.
by AlanSantana
TRX's Five Wave Elliott Formation Goes To 320 SatoshisI believe TRX began a trend reversal on September 9, 2019, the date on which the weekly RSI reached the lowest value ever recorded. The price has possibly began the third of a five wave Elliott formation, which is expected to take the price all the way to the previous breakdown level at 320 satoshis. The possible creation of an ascending triangle (dashed lines), which is a bullish pattern solidifies my belief for a breakout. The daily chart also shows a bullish cross between the 50- and 200-day MAs (golden cross) and the price finding support above the latter MA. As long as the price is staying above this MA and the ascending support line, its directional bias is bullish. (If you like my idea and want me to continue publishing, pressing the like button would be extremely helpful)
Long
by BitcoinMaximus1
TRXBTC formed bullish Cypher | Upto 29% bullish move expectedPrice actions of Tron (TRX) with Bitcoin coin pair has formed bullish Cypher pattern and entered in bullish potential reversal zone. Lets have a look on the TRX priceline's move: After initial leg (X to A) the A to B leg is retraced between 0.382 to 0.618 Fibonacci and then B to C leg is projected between 1.272 to 1.414 of A to X leg's Fibonacci projection and final (C to D) leg is retraced between 0.618 to 0.786 Fibonacci projection of X to D leg for a perfect bullish Cypher and then the price action is entered in potential reversal zone of this bullish Cypher pattern, Now we can expect bullish divergence at any time which will lead the priceline between 0.382 to 0.786 Fibonacci projection of C to D leg, but after this bullish divergence if the candles sticks will be closed above 0.786 Fibonacci levels then it can also lead to the long term bullish move. Buying And Sell Targets: The buying and sell targets according to harmonic BAT pattern should be: Buy between: 0.00000206 to 0.00000191 sats Sell between: 0.00000219 to 0.00000247 sats Stop Loss: The potential reversal zone area which is up to 0.00000191 sats can be used as stop loss in case of complete candle sticks closes below this level. I will be keep posting more trading ideas.
Long
by moon333
TRXBTC: A final bull trap ahead? Hello, In the short term, we can have a good opportunity for buying. However, in the long term, I think we can easily break through 140, perhaps even sub 100. Similar to my analysis on ADABTC , I do think that we may still see a significant downtrend in the next weeks or months. GENERAL RULES TO KEEP YOU SAFE: 1. Do not risk more than 2-3% per trade! 2. Always use stop-loss! 3. Do not FOMO! 4. Do not add to a losing trade THIS IS NOT A FINANCIAL ADVICE so, please do not follow it if you are in doubt. DYOR!
by myka