TRXUSD trade ideas
TRX isn't stoppable even if BTC goes to correction!A strong bullish structure has been shaped and TRX will reach the targets.
$TRX has so much potential on the upside.NOT FINANCIAL ADVICE
Now Justin Sun may not have the cleanest of blockchain records, and may have rubbed some people the wrong way, but make no mistake that Tron Protocol itself is quite usable.
Its fundamentals may have changed somewhat, post pandemic as it 'embraced' DeFi and began on a journey of self-rediscovery, especially on the wings of $USDT use.
Let's give it a shot.
Elliot Wave Analysis
It looks like $TRX have been undergoing a very compressed consolidation period since Mar 2020, and it looks set for a parabolic run in the near future.
It may seem that we have reached all signs that point towards a corrective trend, aka Wave 4 completion.
We are on Impulse Wave 5 underway, and nothing less than 11.6cents will be our target price.
TRX could finally do something!While Many Alts have reached their ATH in Feb Bull run or are about to, Tron lagged behind. However with the recent announcement of Tron entering Defi and also looking at the chart in the Weekly time frame I am giving it a high chance to Tron for some sharp gains in March.
In the weekly chart we can see that it has broken out of its descending triangle for a while and that it has not broken the green trend line support since June. since first week of Feb it's been also riding on the support of Purple line without closing below it.
the Bearish momentum signal has still not given a Volatile circle however I expect to see it in next week's candle.
If needed I will update the analysis in coming week.
in most bullish scenario it could reach the 2nd Target before end of March.
NOT A FINANCIAL ADVICE!
P.S Also hope Mr. Sun helps this momentum by sharing a Funda news which despite his usual hype attempts, is actually meaningful.
TRXUSD 4th Wave longlooks like it could either be a 4th wave, or a 5th wave, but if we are right about 4, we could see this blow, reduce risk, ride it out.
TRON (TRX) BREAK THE TRIANGLE AND KEEP BULLTron (TRX) Made a Ascending Triangle in tf H4 and Ready to Make New ATH, i Optimism
TRON: Sharks DetectedAccumulation spike spotted in the Ocean of Tron. This is usually a forensic sign of market makers absorbing a coin in stealth, which further signifies a FOMO pump may be in the making after enough of the supply is swallowed up. You heard it here first. As I always say, volume-to-price analysis is the soul of trading. My goal is to inspire and teach new traders some of the predatory tactics of the enemy as they appear in these crypto charts. If you follow my charts you'll notice the pattern of getting into my swings at shark-point low and exiting in the height of the bloodbath. My charts show you how to hunt the sharks who hunt the weak-handed traders.
TRXUSDT - Tron Lots of volume coming in on TRON. just looking at the volume profile. could be going into price discovery mode if breaks out above 5 cents. prev ATH is till about 4x from here . Watch out for TRX news
trx ideathis coin is very hard to chart , is so volatile. using the renko on the 1m i found a strong trend line from back march 2020 , the trendline stands at about 0.0460 so wrsot case it would be a good entry point (but doesnt mean it will fall that low) . also the upper part of the channel takes it to 0.0650 . one of the few coins that have not had any significant gains compared to the others. this is not a trading advise
TRX Price Ready To Jump As Bulls Are Getting Ready The daily chart of TRON hints at the start of a bullish move. On coming to the shorter time frame of 4 hours, the coin has formed a downward parallel channel. If the price breaks above 5% of the current position, it can see a rally of 25% in upcoming trading sessions. TRX price can also see a new low if it comes below the channel.
Kindly comment your thoughts below
TRXUSD good buying opportunity
- TRXUSD is retesting structure support
- Structure is pushing up
- Market formed a harmonic pattern
- Price was building in a symmetrical triangle
- Confluence of the counter-trendline support and local support area
- Overall trend is bullish
- Sentiment - Neutral
- ( Candlestick ) ??
- Plan is to go Long on a rejection of support zone
- Take the trade when your rules are fulfilled
A BULLISH MOVE is probable in this market.
It's Time for Tron to Shine!Recently a resistance zone is transformed into a support and the price is rejecting this trend line perfectly. According to Fibonacci retracement expect the price to double! Good luck :)
