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TRXBTC trade ideas

TRXBTC Daily Trend Change | Increase in Bull Volume Hello Traders Two more months in the year, how time flies… Today’s chart update will be on TRXBTC, we have a potential daily trend change which is backed up with strong bull volume… Points to consider, - Trend is putting in new higher lows - Resistance at .236 Fibonacci retracement - Support held by EMA’s (EMA’s Bull Cross) - Stochastics trading in upper region - RSI testing its local resistance - Visible increase in bull volume TRX has been on the move as of late, changing its overall daily trend with consecutive higher lows as it comes into local resistance. This resistance, the .236 Fibonacci Retracement, is in confluence with structural resistance, a key area that needs to be broken for a continuation. Support is being held by the EMA’s which does look quite strong after a confirmed bull cross. This cross initially signalled the daily trend change. The stochastics is currently trading in the upper regions; a healthy retracement in the trend can come to fruition as the stochastics does have a lot of momentum stored to the downside. The RSI confirmed the bullish divergence, and is now trading in the upper region at local resistance. If this resistance breaks, is can trade in the orange highlighted box for an extended period of time, as history suggests. Volume has been a great indicator; we have had an increase in bull volume, showing that buyers are strong in this trend change. We need to see this continue for local upper resistances to be tested. Overall, IMO, TRX has had an impressive trend change with follow through; a healthy correction is not farfetched. This will cool of the stochastics and RSI indicators before another leg up, this will also allow the trend to put in another higher low… What are your thoughts? Please leave a like and comment , And remember “You’re going to learn a million things, then you need to forget them all and focus on one.” - SunriseTrader
Long
by AzizKhanZamani
TRXBTC possible extra 25% midterm? Hello guys and welcome to my first ever idea I want to share with TradingView. After the bullish news from China we have seen a massive pump in Chinese blockchain companies like TRX. After such a pump we expect a correction and consolidation naturally. On my analysis we can see a descending triangle on the 1h chart, when the triangle breaks on top we can expect another breakout. Take in mind it can also go the other way... I've used the RSI and the EMA 20-50 and EMA 100 are looking good. I've used the fibbonaci retracement and if all goes well I expect a 25% gain up to 275 satoshis after we have beaten the 230 satoshi resistance line. I've used all these indicators on the 1-2-4H and 1D chart and all apply. I have put my stop limit sell on 205 satoshis to keep my loss minimal. I'm a ROOKI in TA and still learning, please feel free to correct me or send feedback. Salamat po. PS: THIS IS JUST ME SHARING MY IDEA AND THIS IS NOT FINANCIAL ADVICE
by Pinooj
UPDATE: TRON LONG OPPORTUNITY!! BUY NOW, PROFIT LATER!!TON recently LAUNCHED hitting Both our T1 and T2. The Target 3 was off by 1 SAT! Now, heres where we are at. Currently retracing back down from 230 sats, we are sitting at 211 sats. This is a great re-entry for those who took profit, or those who want to accumulate more :) TRX has room to grow on RSI & STOCH. The Ichi cloud hasn't been broken and are sitting easily inside, with plenty to rise. Buy the Rumor, Sell the News. Entry: 210 sats Target 1: 220 sats Target 2: 231 sats Target 3: 269 sats WE DONT HIT STOP LOSSES, WE HIT TARGETS LL <3 XSR
by XSEANRYAN
Another Higher High for Tron | Massive Growth Ahead!It has only been 10 days since our last Tron (TRXBTC) chart and now it is 100% crystal clear... Tron will continue growing. In my last analysis, we took a look at higher-highs as well as the long-term chart with its profits potential, you can see it here: Now, a new higher-high has been printed and the trading volume continues to grow. Most altcoins had a strong drop that lasted multiple days when Bitcoin moved up with force, but Tron only took one day off and is already moving higher and aiming higher in the days to come. The chart is the same one we saw before... So you can expect additional bullish action in the form of slow, steady growth. Note: "Slow and steady growth" until a very strong and big green candle shows up... That's why we buy on the low/support before the bullish action takes form. Namaste.
Long
by AlanSantana