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abdullatrader
Jun 2, 2018 6:22 AM

TRON - Trade Setup 

BINANCE:TRXBTC240
TRON / BitcoinBinance

Description

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Hi traders,

Here is a trading setup on how would you may trade this pair.
*This is not a trading signal

Comment

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Trade after a breakout of the falling wedge occurs.

Comment

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Trend AnalysisChart PatternsBeyond Technical Analysis
Comments
thecryer
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not really sure about TRX. if u compare with others shitcoins they all Bounced on 1D Rsi. TRX is falling. possibly go to 680Sat before a bounce.
just my opinion. thanks for chart !
thecryer
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@thecryer,
kitkat16
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@thecryer, looks like it broke out of the wedge.
thecryer
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@kitkat16, lets see because TRX follows last BTC pump. but it's still under EMA on 1D chart + and 4 Hours EMA about to cross down.
uncertain for my point of view.





kitkat16
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@thecryer, yes, good point. I would say the RSI, MACD and Stoch all look they are turning upwards though. I think it's making ABCDE triangle as wave 4 before beginning wave 5. Not a huge breakout from here, but it should touch 7.3 cents roughly before completing E leg, then moving to wave 5.
Ziga85959419
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@kitkat16, will it go down or up?
thecryer
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@Ziga85959419, nothing sure about TRX for now.. it can be a dangerous trade.
thecryer
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@Ziga85959419, nothing sure about TRX for now.. it can be a dangerous trade.
kitkat16
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@Ziga85959419, i think its going up but i entered at 755 sats. If you enter now use a tight stop loss and u have nothing to lose.
octave7
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Hi Abdullah
very nice TA , could you keep us updated on TRX please.
appreciate your effort.
regards
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