TRXUSD.P trade ideas
TRON MARKET ANALYSISTron is a blockchain-based decentralized platform that aims to build a free, global digital content entertainment system with distributed storage technology, and allows easy and cost-effective sharing of digital content.
Tron was founded in September 2017 by a Singapore based non-profit organization called the Tron Foundation. It is headed by CEO Justin Sun and has a dedicated in-house development team that includes renowned technology stalwarts. This article explores the Tron network, its workings, and its cryptocurrency Tronix (TRX).1
TRX consilidation below resistance is....trx broke out of usdt structure and btc structure
consolidating below an old fib extension level
in this market everything goes up
consolidation below resistance is bullish
trx to 50c soon...
Tron (TRX) - April 17Hello?
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We'll have to see if we can climb above the 0.16863512 point for support.
If it falls, you need to make sure you get support at 0.13660268.
In particular, it remains to be seen if it can rise along the uptrend line.
If you fall at 0.13660268, you need a short stop loss.
If it falls from the 0.07253780 point, a Stop Loss is required to preserve profit and loss.
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(TRXBTC 1D chart)
We must watch for any movement that deviates from the 234 Satoshi-288 Satoshi section.
It remains to be seen if there is a movement to break above the 318 Satoshi point, which is an important point.
If it falls between 154 Satoshi and 181 Satoshi, you need Stop Loss to preserve profit and loss.
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** All indicators are lagging indicators.
So, it's important to be aware that the indicator moves accordingly with the movement of price and volume.
Just for the sake of convenience, we are talking upside down for interpretation of the indicators.
** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the conventional stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator that oh92 disclosed. (Thank you for this.)
** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on the chart
R: A point or section of resistance that requires a response to preserve profits
S-L: Stop Loss point or section
S: A point or segment that can be bought for profit generation as a support point or segment
(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment transactions. It is a short-term investment perspective.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they do not trade 24 hours a day.
G1: Closing price when closed
G2: Cigar at the time of opening
(Example) Gap (G1-G2)
#TRX might go above 0.2 soon#TRX might go above 0.2 soon
This is extremely volatile and risky. hence small size is suggested and not for faint hearted
And for the bulls maybe a cup n handle on the 4hrAnd for the bulls maybe a cup n handle on the 4hr or just hopium?
TRX broadening rising wedge possibly forming H&S on the 4hr???TRX broadening rising wedge possibly forming H&S on the 4hr???
TRON 4 years of ACUMLATAION will be priced in!! ABSOLUTE SLEEPERTron presents as one of the most bullish cryptos right now, especially one of the most bullish high market cap currencies. Sitting at RANK 18 with a market cap of $10.852 billion currently, the asset has much room to grow before becoming saturated, Tron previously has been in the top 5 before and may make its way towards top 5-10 market cap especially with recent positive developments and increasing adoption. TRON has been in strong accumulation since the highs of 2017 where in two weeks we moved from $0.002 to $0.35 in a matter of weeks in what was a historic move. Tron having been created in late 2017 as an ERC20 token and successfully introducing its own blockchain in 2018 perhaps has more upside than most cryptocurrencies given its infancy and short duration in the market.
Looking at the weekly and monthly chart of TRON, we can see institutional investment and smart money accumulating Tron over years of correction which is now completed and we can expect a Primary impulse 3 to begin where massive accumulation will be priced in, in a short period of time; perhaps months. Tron is a safe hold as we have overtaken strong levels which signal the bull run initiation in TRON including the MONTHLY & WEEKLY orderblock at 8.8 cents to 10.4 cents, with such strong levels overtaken we can expect a strong move upwards and this may potentially be the last time we see these prices.
I will post MONTHLY chart as it reflects the bullish sentiment of this market pair TRX/USDT and gives the possibility for strong gains over coming months.
Key levels: ~1.618 fib extension ~$0.67 , 1.32$ Primary 1:1 fib extension
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Tron Bearish signsBe sure for neckline breakdown before take position.
It's just for education.
I will be happy to use your comments.
Trx ready to get sent I have been holding a bag of this since March 2020
It is forming a cup and handle with a breakout towards $0.20
The btc chart looks very strong flipping yearly resistance.
I expect this to continue further.
tron tripletriple bottom reversal likely here. been on a tear so as long as bitcoin doesnt dump this should be headed back up soon.
TRXUSDStill bullish on the yellow trend line.
Fibonacci Retracement 138.20 will be the area TRX first reach
If solid candlestick closes below the yellow trend line,
then will stop at Resistance at Fibonacci 23.6
TRX SHOULD I BUY & AT WHAT PRICE ?If you are reading this is because you planning to buy TRON or like me, you already bought and want to buy it again.
People asked me about this token a lot. My opinion : I like all the fundamentals about this project. TRX brings to
the crypto market a solid blockchain and innovations. I have been following Justin Sun and reading about all his projects since 2018.
In summary : a sound long term investment.
Where to buy it : I am waiting for a retracement to get in again for a LONG HOLD.
TRX .20 seems inevitable It’s keeping to the green ellipse as hoped, and I discovered the yellow one as well. Once it breaks out of both, let’s see if it takes a breather to the downside or continues straight up.
