TRXETH trade ideas
TRXETH Head and Shoulders formed, Trend Line looking to breakHi All,
This is my first TA that I have shared, please let me know your thoughts,
What we have here is a head and shoulders pattern with a rising neckline. If we look at the past H&S formations we can see that we have had a retracement to the initial pivot of the first shoulder as a minimum. We have also retraced approx 80% on the second H&S(2) distance from Head height to neckline providing us a possible target.
Interestingly it seems as though the recent dominant trend has converged with the neckline. A clear break below 0.00015000 (previous trend) would provide a confirmation of trend reversal.
First purchase zone would be between 0.00013000 and 0.00010500. Buy Signal would be RSI crossing 50 mark . If it fails to do so a clear break under 0.00010000 would likely bring us to a buy zone of 0.00006500 to 0.00008500. Based on an 80% retracement the latter seems more likely.
This analysis defines entry point, exit strategy would be based on confirmed trend reversal once more.
Cheers,
**This is sharing an idea and does not constitute trading advice, please act with due diligence when trading any market**
TRX/ETH will you risk 3% to make 20%?trx seems to be on a daily downtrend after the deathcross but that doesnt mean there is no short term play here to go long. i see 5 waves up with a 78.6% correction inside a falling wedge. you risk 3 percent to make 15-20......looks like we have a reversal candle on the daily as well. im in it to win it are you?
TRX crashing to the next resistance line Price is testing right now the resistance at 12943 sats, however, it has been doing continuous lower lows into the resistance, also the RSI shows the potential to keep going lower until oversold. the price probably would crash to the lower resistance at 12011 sats before going up again
TRX or ETHVery possible that Eth will hit 360usdt area but if this works than TRX will percentage much higher than ETH!
Until TRXETH hold above wave 1 , the possibility of this scenario is very high !!!
Trading Idea TRX/ETHThere are an awesome time to make profitable trades and here is one of them, you could trade between cryptocurrencies to make your account bigger without worrying losing out on crypto. You can follow my twitter @CryptoWolfy7
TRON (TRX) IS ABOUT TO BRAKE THE DEADLOCK? The price of TRX seems to be pushed down last month tp let somebody to get in with less expenses. Anyway its still in the up trend channel.
Tron is lunching Mainnet on the May 31 and they will start migration of their coin at 25-th of June.
Be ready for the explode.
Meanwhile, if the price will continue to stay in the channel it can bring you up to an additional 150%.
TRON looks extremely bearishBearish Ascending Wedge, head and shoulders formation on 15 min chart, also bearish divergence on macd has shown its face, this coin may tank 50 Percent
Opportunity for short nowWe have target for short trade also place for new buys !
Targets for new buys depends how deep the correction will be.
Waiting for new entry points If you are Bullish for TRXETH , you should wait a little more and your time will come !
We have forming ABC Correction 3-3-5 formation at lower level!
Taking gainsI hope you all have been taking advantage of the raise in value of TRX. I opened this 1W chart for the first time in months. Finding this orange trend line. Only to be surprised that it has been holding up for about a year. Both as support and resistance. The white horizontal line was the closing value of TRXETH at it's highs. The red line being the wick of the high. The Squeeze momentum indicator is showing positive volatility. We still have lower volume which is not shown. The 25/50 SMA has not begun to cross over just yet. Keep an eye on this pair. It is a good time to take advantage of any movements you see fit for your interests.
Indicator set test - Let's predict the futureHeya,
I'm testing a set of indicators which I explained in this idea (click the bitch):
Checking the 2h chart:
MACD: bearish
Stoch RSI: slightly bearish
RSI: neutral
CCI: neutral
Ichimuko Cloud: slightly bearish
Bears 2 : 0 Bulls
The Bears win this time.
Checking the 4h chart:
MACD: bear
CCI: bear
RSI Neutral
Stoch RSI: bear
Ichimoku Cloud: bull
Bear 3 : 2 Bull
Bears win this time.
Checking the 1D chart:
MACD: bullish
Stoch RSI: neutral
RSI: bearish
CCI: bullish
Ichimuko Cloud: bullish
Bears 1 : 3 Bulls
The Bulls win this time.
Conclusion: I think we will see a downward correction in the next days.
If the price will drop below EMA42 the next support level might be 0.001438
Any ideas to this method? I'm keen to your comments.
Hasta luego, partner.
A second Chance to Buy TRXETH ...Midterm forecast:
There is no trend in the market and the price is in a range bound, but we forecast resumption of uptrend.
Technical analysis:
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. Relative strength index ( RSI ) is 50.
New trading suggestion:
*There is still a possibility of temporary retracement to suggested support line (0.00010430). if so, traders can set orders based on Price Action and expect to reach short-term targets.
*If you missed our first HUNT, you have a second chance to buy above the suggested support line (0.00010430).
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 :
Trade Setup:
We opened 7 BUY trade(s) @ 0.00007474 based on '2-Day Hammer' entry method at 08.23.2018.
Total Profit: 20792 pip
Closed trade(s): 10604 Profit
Open trade(s): 10188 Profit
Closed Profit:
TP1 @ 0.000084 touched at 08.26.2018 with 926 Profit.
TP2 @ 0.000094 touched at 08.28.2018 with 1926 Profit.
TP3 @ 0.000104 touched at 09.21.2018 with 2926 Profit.
TP4 @ 0.000123 touched at 10.08.2018 with 4826 Profit.
926 + 1926 + 2926 + 4826 = 10604
Open Profit:
Profit for one trade is 0.00010870 (current price) - 0.00007474 (open price) = 3396
3 trade(s) still open, therefore total profit for open trade(s) is 3396 x 3 = 10188
All SLs moved to Break-even point.
Take Profit:
TP5= @ 0.000145
TP6= @ 0.000319
TP7= Free
A second Chance to Buy TRXETH ...Midterm forecast:
There is no trend in the market and the price is in a range bound, but we forecast resumption of uptrend.
Technical analysis:
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. Relative strength index ( RSI ) is 50.
New trading suggestion:
*There is still a possibility of temporary retracement to suggested support line (0.00010430). if so, traders can set orders based on Price Action and expect to reach short-term targets.
*If you missed our first HUNT, you have a second chance to buy above the suggested support line (0.00010430).
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 :
Trade Setup:
We opened 7 BUY trade(s) @ 0.00007474 based on '2-Day Hammer' entry method at 08.23.2018.
Total Profit: 20792 pip
Closed trade(s): 10604 Profit
Open trade(s): 10188 Profit
Closed Profit:
TP1 @ 0.000084 touched at 08.26.2018 with 926 Profit.
TP2 @ 0.000094 touched at 08.28.2018 with 1926 Profit.
TP3 @ 0.000104 touched at 09.21.2018 with 2926 Profit.
TP4 @ 0.000123 touched at 10.08.2018 with 4826 Profit.
926 + 1926 + 2926 + 4826 = 10604
Open Profit:
Profit for one trade is 0.00010870 (current price) - 0.00007474 (open price) = 3396
3 trade(s) still open, therefore total profit for open trade(s) is 3396 x 3 = 10188
All SLs moved to Break-even point.
Take Profit:
TP5= @ 0.000145
TP6= @ 0.000319
TP7= Free
CUP AND HANDLE ? YES I THINK SO In the weekly chart , we are about to finnish the cup and handle pattern i think .
What do you think ?
