TRXUSD trade ideas
TRONUSD major move imminentTron/USD pair TRXUSD is primed for an advancement in the next leg of its movement.
It has had a major move downwards where it bounced if it's 50 DMA. Since then then, it has moved upwards and it now trading in a symmetrical triangle. This shows buyers and sellers taking profit and entering positions. Furthermore, just like a textbook symmetrical triangle, the trading volume since the triangle formation started has been decreasing. Yet another signal that a major move is imminent.
Additionally, the RSI has reached and stabilised at 45, the same level it reached before it went on a consistent move upwards in yet another indication that a move upwards is imminent.
It's likely the next move will be a breakout as the bounce upwards from the 50 DMA can be taken as the start of a upwards flag. However, cautionary note is that a symmetrical triangle by nature shows indecision in the market, and due to the major move downwards there is a change that the next imminent move is a breakdown.
However, the chart pattern sets up an opportunity for scalping for those with the risk appetite. One option would be to enter at approx 0.044 USD when the price reached the lower boundary of the symmetrical pattern to exit at the top boundary (0.046) with a stop loss at 0.043 for a risk:reward ratio 1:2.
Alternatively, a more risk:reward opportunity would be in case the price breaksdown to the 50 DMA again and to enter at 0.040 and exit at 0.043 - the lower part of the symmetrical triangle - with a stop loss at 0.039 for a ratio of 1:3.
TRXUSD: Sell ideaTRXUSD just broke through the 4hr support, looking for a retest and confirmation to enter the trade for a short term sell to test the monthly support.
Are we breaking out for tron? If it breaks out, based on technical calculations the TP should be at 0.06412
TRON Continuation or Bear Wave? TRXUSDUsing fib circles we can see the bear moves and bull moves respective to their fib areas
I hope for a bear wave, to further validate my Fib waves idea
Regardless TRON is very cheap and going long is a nice idea
TRX rejects middle corePitchfork channel predicts the price will fall from 0.06 after forming the new high to make a retracement before shooting for another new high. Another new high is predicted to be 0.08.
WILL TRON BE THE NEXT ETHEREUM?!After Last Time I predict TRX Price and It Really Going Up With Cup And Handle in Weekly Chart.
But Now it does Some Correction, Whats Next?
As We All Have Known that Tron has 3,5 Txs in Last 24 Hours and it past The Eth, and if we See in Daily Chart, it makes M Bullish Pattern.
I Hope It Valid and Make its First 1$ .
Lets Rock The Market!!
Tron 2.23.21Jesus i made this chart months ago. still bullish af on tron and i never bought any. fml
TRON UPDATE new trading pivots app in the worksJimmy here, just publishing an update on the trading of TRX.
New trade setups with Trading Pivots. better than what you see here.
ENTRY 0.0587305 Trigger ADD 0.0623910 TARGET still same confirming previous post. 0.0697120
NET Change from entry. .010981500 Percent gain 18.70%
Traling stop 0.0021080 adjust at your option, or no stop if confident with holding
KRAKEN:TRXUSD
TRX to 1$. What do you think?Everyone knows I’m just diversified. I know Justin sun is good at marketing etc etc. matter of the fact is tron is about to make a new ATH. The only thing I’m pondering is where will it stop? Trons ath was at 0.24$. So if it hits that then it’s only 4x to reach 1$. Just a thought.
TRXUSDReached the target and stabilized the yellow curve above the trend line. Buy with T/P=0.9 , S/L = 0.55?
TRX Battling Major Fib Before A Big PumpBINANCE:TRXUSD
TRX is another long-term sleeper that is primed for a major upwards move!
