thomas58700
Long

TRX Movements Mapped

BINANCE:TRXBTC   TRX/BTC
Movement mimicry from the 1 & 2 Elliott waves observed then superimposed onto the 4 to 5 points and the first A correction with the red arrow is displayed. I've placed a fib resistance fan on the chart for easy viewing of the resistance. Hope you guys find it helpful.
Comment: Guessing we could be seeing what similar coins do, that is, dip slightly before a gradual uptrend
Comment: Dropping out lower
Comment: Looking like another good buy for trx, we should be resting on the base now
Comment: *correction it is forming a balanced pin, I'd wait on that buy, sorry about that; looks like it is teetering unexpectedly
Comment: I believe we've hit the base at 709sat, new uptrend
Comment: fyi if you have money in trx you should be aware that it still seems to be moving down
Comment: If you draw a support line from the base of the Elliott wave depicted in the chart (lowest point in the chart) to the #2 point in the Elliott wave it shows that trx could still drop to touch it at 444, then we should see that reversal. If it crosses that support that is not good news.
i inter @ 500 and exit @ 650 today ; 10 to 13 that was really quick
Reply
Thankx for upadting.
Reply
It was so overbought that I think it may drop below 550 sat before beginning a new uptrend. I DO believe in a new and exciting uptrend with TRX, but people are over it until they see a big correction. I am somewhat new to this so any help would be great. Thanks
Reply
didnt work
Reply
thomas58700 TOP ThiagoDosReis
@ThiagoDosReis, My ideas are what to watch for not orders to buy, there is no way to know precisely what is going to happen that is up to traders to watch. This is not the stock market.
Reply
I think his TA was correct. But this coin has major fundamental issues that are recently elevated. Investors lost faith in this crypto while some bought high are still tend to be supporting.
+1 Reply
@chiji3, I agree, a lot of hype generates large corrections
Reply
@thomas58700 it went below 620 :( rip tron rip my money XD
Reply
rwstubbz amarjagpal
@amarjagpal, stay in. It is a top 10 coin and many people are waiting for the ema50 to become support and kiss the trend line goodbye and then we're really going to find out where it stands. The previous jump was speculated to be a huge overbought situation caused by bulls and bots.
Reply
@thomas58700 do u think it will still act according to your chart analysis ?
+5 Reply
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体
台灣
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out