Wave Analysis Another possibility here is we could bounce off of the 61.8% to complete the C wave. Target 1 will be 23.6 Extension if that plays out
TRXETH trade ideas
TRX Price approaching 0.61 Fib. Retracement lineWe might soon expect trx prices to rise slowly. Its been a long downtrend and now the trend might have switched.
If Tron breaks the 0.61 Fib retracement line, we might expect it to drop all as low as 0.00005 ETH price, which would be an alternative buying price.
What are your thoughts, which lines are going to be respected?
Good Morning?? Could it be a Morning star? Been watching for the last few days and it doesn't seem to confirm a trend/ reversal. It's been quiet confusing lately and buyers and sellers can't seem to come to an agreement just yet. But could it be that this is the day the market decides to take a hike? Bulls have taken enough of a break, lets see if they take control now. Sitting on my hands for now.
Thanks for reading,
-E
TRX/ETH 30% PROFIT IN 2 DAYas you can see price touched a support line and it will go up to the first resistance line.
Whats happening to TRXwill TRX go lower ? we have broken down on the reversal trend .will this be the start of a massive up movement? this is the best time to go long on the TRX
TRX - waiting for big Volume ( daily chart )TRON
Fundamental :
-New Chinese startup driven by enthusiast Justin Sun ( Forbes asia under 30 )
-Partnership with Baofeng group. Baofeng, aka Chinese @netflix, boasts more than 200 million users as a video portal giant and has achieved 8 billion CNY listing in Shenzhen stock exchange
-TRON Union Core Member Peiwo APP Won China’s National High-tech Enterprise, which is issued by Ministry of Science and Technology ,Ministry of Finance and State Administration of Taxation.
-Game dot com will make TRON puppies game English and Korea version
-and still many things like alibaba employee ,bla..bla..bla
negative :
-too early
-copy white paper ( but yeah it's chinese and they do have language barrier )
-marketcap at 7B and without any delivered product yet
-and Litecoin charlie seems....
Technical Analysis ;
watch that key level ! people gonna FOMO back in
my opinion :
nothing impossible in crypto world, Tron will survived all the FUD
i'm going to Hodl Tron for longterm position
Neutral Buy -
#TRON is setting up for a rally #buy #buySince my last post TRON has traded sideways. Based on the stochastic and MACD we are setting up for a rally. Based on the technicals alone I would consider starting new positions right now. Scale in by purchasing 25% blocks of your position.
TRX/TRON 124% by end of JanI think TRX has a good chance of seeing a double head and shoulders, with 124% gains within 10 days. Anyone else see this?
Everything going as plannedI have no clue how to add picture to the updates so i'll just keep posting charts until i figure it out
Little upward trend for the next periodI'am training the method and I think this one will go up in the next hours.
TRXETH Current chart pattern and potential buy dip or breakoutTRXETH Current chart pattern and potential buy dip or breakout continuation.
TRX / ETH **Still On The Top 15 Crypto**
Hello traders,
Consolidation Time...........??
Those who disagree are welcome, I need to learn.
Happy trading,
Darwin
TRXETHSee Jan 13 post and Jan 15 update.
TLDR: tried to make a swing from TRX to XRP when XRP hit 1.55 but TRX did not hold up well enough to justify making the trade. Will continue to look for an entry point in XRP that makes sense against the value of both TRX and ETH unless TRX shows life. If it runs I'll play the run until swapping back for ETH. We seem to be peaking in FUD articles, don't liquidate into peak FUD.
Alright Last one i swear3 Minutes to close this 4H candle. I'm hoping for a close above the 50% fib and begin wave 3. If all goes well our next target will be 20c , retrace for 4 then 26c for wave 5
UPDATED TRXETH Delivering Smiles@Jaimecm ... You could be correct, this might not be a perfect Elliott Wave. I did go back and zoom in on the 1, 2 wave and it only retraced to the .5 fib ret mark but then again it's a moot point as I'm back to the drawing board due to TRXETH correcting further than expected and is currently at .00007 ETH. I can see now that I fell victim to analyzing with too short of a focus here. This recent uptrend actually started further back on 1.16.18 and now we can see this retracement falling towards both the 618 fib ret and another support/resistance level reconfirmed multiple times since 1.13.18. Without having a weathered pulse on TRXETH with how young the project is, and being newer to the crypto TA space, I'm still working on a TA algorithm for TRXETH. Any insight would be appreciated!
Pullback in #TRON is healthy! Wait for the channel retestGUYS what a rally in the crypto markets as a whole. For those of you who have been trading crypto for a while these pull backs are "normal" and "healthy". They create trading opportunities that would make the most active daytraders water from their mouths. Volatility is good if you can stay on the right side of the trade! What i am seeing now is #TRON taking a small breather after the lastest aggressive rally. I am waiting for a retest of the newly formed channel (blue lines). The stochastic have rolled over (see the red simples) but we are still waiting for MACD to come around to show us our buying signal. #HOLDTIGHT #BUYSOON #TRON
TRX Delivering SmilesLet's review TRX for 1.18.18... The US East Coast woke up to the completion of a 5 step elliott wave at 7:15 this morning. Within 4 hours, the Elliot ABC retracement had run its course and set us up nicely with a cypher pattern that meets all necessary criteria... ie the A leg hitting the 618 fib ret and the B leg hitting the 127 fib ext... TRX is now on it's way upward to the .0001ETH mark but it will take a few pitstops at the blue dotted resistances that coincide with previous structure, as well as fib ret and fib ext numbers. These pitstops will be at the .000087ETH, .00009ETH and finally .000094 prior to reaching it's goal of .0001, which is the end of this cypher, landing on the 786 fib ext line. We should see this into the evening hours and by the time our friends in Asia are waking up and recognizing a beautifully played out uptrend to build off of.
*This is in no way financial/investment advice. This is intended for educational purposes only.*
TRXETH (LONG)Price may or may not fall on 8000 at 0.318 fibo retracement as previous resistance became support.
