TRON (TRX) is breaking out on the daily chart. A strong close today, we are now trading above EMA20 and EMA100, can signal strong possibility of additional bullish action.
Let's setup a trade for us here.
TRON (TRX) Trade by Alan Masters
TRADE INSTRUCTIONS
Buy in: up to 750
Tron (TRX) Targets:
(1) 792 (2) 847 (3) 902 (4) 979 (5) 1078
Stop loss: 615
Capital allocation: 3-5%.
UPCOMING EVENT
- TRON (TRX) - 21 June 2018. Migration from ERC20 - The migration from ERC20 tokens to TRX, the cryptocurrency on Tron’s public blockchain, will begin on June 21,2018 (GMT+8).
- TRON (TRX) - 26 June 2018. Super Representatives - Super representatives for the Tron mainnet will be elected by the community.
Enjoy the trade...
Namaste.
Comment
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Please allow time for this Tron trade to develop.
Thanks for the comments, likes, share and continued support.
Finally Justin Sun keeps his mouth shut on Twitter for a few days. The sad news is the price will most likely fall gain once he starts Tweeting again. Hopefully the whole market turns Bullish soon and this last 6 months will become a bad dream.
nattain
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@castian, hahaha.. you are not the only person who share that view. Its like magic,.. he tweets and price dips. He keeps quiet and let the work be done on its own, prices go up. :)
I see Tron targeting 1350 area. hoping for it to start the move soon.
vales_mr
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@alanmasters pls take a look at RDD/BTC. Best regards
dyasar
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Cheers Alan,
Could you share how you calculate the targets with us?
Namaste
AlanSantana
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@dyasar, Use the Fib. extension tool. Bottom to top and you will find all the fib levels.
shollows
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@alanmasters, when the market dropped underneath the major triangle recently did that invalidate / reset the previous target prices that were calculated with fib levels based on the earlier low or do you think the old target prices are still valid ?