alanmasters

Tron (TRX) Doji + MACD Divergence - Bottom Found?

BINANCE:TRXBTC   TRON / Bitcoin
Here we have a Doji , at the bottom of a trend, also found next to a strong support level and with bullish divergence on the MACD and oversold RSI .

"The Doji is an transitional Candlestick formation, signifying equality and/or indecision between bulls and bears. A Doji is quite often found at the bottom and top of trends and thus is considered as a sign of possible reversal of price direction, but the Doji can be viewed as a continuation pattern as well."

The 4H chart is also giving out some early reversal signals.

Tron ( TRX ) might have found bottom.

Note: This is an educational post. Not trading advice.

Thanks a lot for reading.

Please make sure to like, share, comment and follow for more of these trade ideas.

Your support is always appreciated.

Namaste.
Comment: Tron is trying to move but it needs more momentum. It needs a push from the market.

Comment: TRX still looking for support.

Look for 508 satoshis next. If this level doesn't hold, look for 440 satoshis after that.

I will update again if that level is also broken.

If these levels hold, then we will look for a reversal signal and open a trade from Tron (TRX) after the signal is confirmed.

Thanks a lot for your amazing support.

Namaste.
Comment: Forgot to mention; Look for 508 if we close below 552 on the daily time frame (today's candle).

If Tron closes above this price, then the chances of it going lower are reduced.
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Comments

Hey Alan...



:D
Reply
Hey Alan, what do you think of my latest post? Curious what a professional thinks ;)
+1 Reply
alanmasters deactivatedaccount123
@deactivatedaccount123, I think it looks pretty good. I believe you did a great job.

Keep it up.
Reply
Dogeball deactivatedaccount123
@deactivatedaccount123, charting looks good, next you need to work on your ideas, start off by stating the obvious..' Looks like were going down', then it's on to picking a number, you say ' If we dont find support at 'insert number here', then it will drop some more, or look out below, then state something else obvious like, We need a push from the market to see any significant movement in ' insert crypto currency here' today. Pick a few previous support levels, ask if this is bottom? Then throw in a bit of ' I'll update later when I it starts breaking out' , and as always this is not financial advice. Master this formula and good times await :)
Reply
@Dogeball, I use to pump out a LOT of charts that had all the type of info you stated above. I haven't published a chart though in quite a while compared to what I use to so I'm a tad rusty.

Thanks for the feedback though, much appreciated :)
Reply
God bless you sir
+1 Reply
@Joeshua, Thanks. May God bless you too.
Reply
do you have to pay for TD sequential indicator? Can you advise where you get that particular TD seq indicator?
Reply
@MeSang, No you don't have to. I got it here on Trading View under the "Indicators" tab.

Reply
Do you think it will rise with this much coin Circulating?
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