Hello, friends welcome to this analysis on TRX,
We can see that TRX had a sharp rally from the bottom of the downtrend channel in dotted blue right after XVG got dumped after the announcement, which shows the money flow from XVG to TRX. Both of these coins have similar price and supplies which attract the same type of market target in my opinion!
Looking at the formation we can see that the price curved and created a pattern which appears to be a cup followed by a bull flag which can be the handle of our cup. At this moment it appears that we have broken above the bull flag and we are retesting it, which can be a good buy signal with a stop loss below the flag just in case we are wrong! the target of the cup and handle will be around 720 sats based on the measured movement of the cup and handle.
However, we'll probably have a test of the top of uptrend channel at 740 sat area. Above us we gonna have 2 resistants at 640 sats and also 712 sats which are gonna be good places to take profits out of this trade.
Good luck trading ;).
We can see that TRX had a sharp rally from the bottom of the downtrend channel in dotted blue right after XVG got dumped after the announcement, which shows the money flow from XVG to TRX. Both of these coins have similar price and supplies which attract the same type of market target in my opinion!
Looking at the formation we can see that the price curved and created a pattern which appears to be a cup followed by a bull flag which can be the handle of our cup. At this moment it appears that we have broken above the bull flag and we are retesting it, which can be a good buy signal with a stop loss below the flag just in case we are wrong! the target of the cup and handle will be around 720 sats based on the measured movement of the cup and handle.
However, we'll probably have a test of the top of uptrend channel at 740 sat area. Above us we gonna have 2 resistants at 640 sats and also 712 sats which are gonna be good places to take profits out of this trade.
Good luck trading ;).
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why do I doubt if the bull flag was the handle? because of the way MACD looks, it got narrowed and seems like it wanna cross bearish for a retracement.
I believe it's gonna happen at 640 sat area.
I believe it's gonna happen at 640 sat area.
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If your entry was with my call at 603 you can move your stop loss up to your break-even point at 603, never let a winning trade become a losing trade!
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working as we expected, retracing at 640.
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Well seems like BTC topped up and sold off, all the alts are in bleeding :/.
hopefully, you took your profits at 640 and had your stop loss at break even point.
We gonna follow up TRX when BTC find it leg down.
hopefully, you took your profits at 640 and had your stop loss at break even point.
We gonna follow up TRX when BTC find it leg down.
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looking at the 15 min chart. it appears that TRX is making a bear flag after the drop.
bear flags most of the time break to the downside. below us, we have the 50 4hr moving average at 560 followed by a horizontal support to hold the price. If not I think I retest of the bottom of uptrend channel at 550 will be in play.
bear flags most of the time break to the downside. below us, we have the 50 4hr moving average at 560 followed by a horizontal support to hold the price. If not I think I retest of the bottom of uptrend channel at 550 will be in play.
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If the trend line or support manage to hold the price, that can be a good turning point to make a nice handle for out the huge cup and handle.
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meh, the last picture is for another trade :|!! idk what's wrong with me today keep posting wrong pictures xD
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alrighty back to TRX, looks like it found good support and looks like its making an Adam and eve bottom on 15 min chart.
it can be good enough for us to create the handle of our cup and handle.
please wait for a candle break out above the blue line and retest of the line with good volume before buying. with a stop loss below the blue line.
Remember to wait for confirmation.
it can be good enough for us to create the handle of our cup and handle.
please wait for a candle break out above the blue line and retest of the line with good volume before buying. with a stop loss below the blue line.
Remember to wait for confirmation.
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we have made some really good action, as you can see the BB has become super tight and you could expect a move to the upside.
seems like we have made the handle but its too early to say. we have to see candles close above the blue line to confirm it.
if you wanna play this trade you should wait for it to close a candle above the blue line, buy it there with a stop loss below the blue line.
seems like we have made the handle but its too early to say. we have to see candles close above the blue line to confirm it.
if you wanna play this trade you should wait for it to close a candle above the blue line, buy it there with a stop loss below the blue line.
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looks like we are making a mini bull flag here, it will probably get us above the blue resistant. the measured move of the flag will get us to 650 area. After that, we'll likely have a retest of the support. like the purple line!
if we manage to do it, the blue line can be a good buy signal, you can buy it with your stop loss below few percents below the trend line.
if we manage to do it, the blue line can be a good buy signal, you can buy it with your stop loss below few percents below the trend line.
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hit the target perfectly, now I expect it to retest the blue trend line before moving up again. I sold 5% of my investment at 555. I'm gonna re-buy it at the blue trend line.
you can shuffle a few percentages of your investments at certain resistants or measured moves that you expect a retracement after that, to increase your coins.
<.<
you can shuffle a few percentages of your investments at certain resistants or measured moves that you expect a retracement after that, to increase your coins.
<.<
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shuffled ok we are good to go for the next target at 720.
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all good, we might go sideways here for a bit and make a base for the next move up.
or just go up like a madman hehe xd I don't think so... it gonna take time.
remember to trail your stop losses if you bought it below the blue support with me.
;)
or just go up like a madman hehe xd I don't think so... it gonna take time.
remember to trail your stop losses if you bought it below the blue support with me.
;)
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nice progress from last night, I just woke up :P
we are up trending. ready to go for next target.
remember to take profits at 720 sat area.
but don't sell all you have. it might go higher you never know. keep some with a trilling stop loss
we are up trending. ready to go for next target.
remember to take profits at 720 sat area.
but don't sell all you have. it might go higher you never know. keep some with a trilling stop loss
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almost there <.<
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take profit at 720 resistant
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looks like we are flagging out, ready for the next move, the target of the flag matches our bigger 720 sat target.
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we are up 20% from entry, we hit the target with 1% difference :P
took some profits off the table. keeping more to go!
let your winning trades run! trail stop loss below 633 support.
took some profits off the table. keeping more to go!
let your winning trades run! trail stop loss below 633 support.
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looks like other traders had the same idea as well hehe :P
alrighty, we are good for next move. I expect it to create a base here. I'll follow up this trade later when we created the base. ;)
alrighty, we are good for next move. I expect it to create a base here. I'll follow up this trade later when we created the base. ;)
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trx, broke up without making a base and looks like it started a parabolic move.
make sure you take profits at the resistants. this move should get stop at one of them to make a base.
make sure you take profits at the resistants. this move should get stop at one of them to make a base.
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a good indicator of it will be if you see a big 1-hour candle with a large wick on top of it which shows the FOMO run. so you wanna sell and take profits into FOMO.
never FOMO be smart sell to FOMO :P !
never FOMO be smart sell to FOMO :P !
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moon soon? :)
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I think 775 sats will be the top of this swing and I expect a pullback after that.
I highly recommend to take a good profit in that area and shuffle it at the dip that is coming :P
I highly recommend to take a good profit in that area and shuffle it at the dip that is coming :P
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good luck trading
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when I tell you it will go to the moon, I mean it! :P
you like parabolic? I give you parabolic!
this last move of trx shows me that its stronger than what I thought it is.
we broke above the previous rising channel that we've been in it ( the dotted pink line) and now we are in a parabolic channel :P
enjoy earning
you like parabolic? I give you parabolic!
this last move of trx shows me that its stronger than what I thought it is.
we broke above the previous rising channel that we've been in it ( the dotted pink line) and now we are in a parabolic channel :P
enjoy earning
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we gonna have resistants on the way up on the dotted yellow lines.
861 is gonna be a heavy one. if we manage to break above 861 and 941.
We'll be in the blue sky to the all-time high of 1300 sats.
but we don't know and the last thing we want is to be greedy.
greed is one of the biggest enemies of a trader. sell in the strength.
take profit at 861 and 941.
861 is gonna be a heavy one. if we manage to break above 861 and 941.
We'll be in the blue sky to the all-time high of 1300 sats.
but we don't know and the last thing we want is to be greedy.
greed is one of the biggest enemies of a trader. sell in the strength.
take profit at 861 and 941.
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the last big candle with big wick looks like a FOMO run to me!
it will probably sell off and retrace, TRX is hot :P needs to cool down and burn people who FOMO into something that is up 40% in a day.
FOMO is another big enemy of a trader, never FOMO, plan your trades. you make money when buying something in trading, not when you sell. you wanna plan a good entry and sit for the perfect trade.
it will probably sell off and retrace, TRX is hot :P needs to cool down and burn people who FOMO into something that is up 40% in a day.
FOMO is another big enemy of a trader, never FOMO, plan your trades. you make money when buying something in trading, not when you sell. you wanna plan a good entry and sit for the perfect trade.
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hope you took profits on the top.
although as I said, TRX can go to 861, 941 and even 1300.
but we need to make cool down and make a base here.
what I predict is a parabolic cup and handle. well, that's what I call it xD I don't have a good name for that but my experience in crypto has shown me that they can happen!
I expect the price to follow the green line in my previous post.
although as I said, TRX can go to 861, 941 and even 1300.
but we need to make cool down and make a base here.
what I predict is a parabolic cup and handle. well, that's what I call it xD I don't have a good name for that but my experience in crypto has shown me that they can happen!
I expect the price to follow the green line in my previous post.
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why do I think that the last candle was FOMO run and we need to make a base?
as I said in my Eos post and other posts if you see a big 1-hour candle that starts to get huge wick it shows that the run is over and needs to cool down.
usually, in crypto, it happens due to people FOMO and chasing green candles!
also, it was a 9 on TD sequential you should respect 9s cause a lot of traders trade based on TD.
as I said in my Eos post and other posts if you see a big 1-hour candle that starts to get huge wick it shows that the run is over and needs to cool down.
usually, in crypto, it happens due to people FOMO and chasing green candles!
also, it was a 9 on TD sequential you should respect 9s cause a lot of traders trade based on TD.
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a red 9 is a good sign for a TD trader to take profits.
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back to the business! we had a massive drop in BTC today, hope you saw my warning post and secured your profits!
As we can see trx cooled down to the 721 target that I shared in the last post and created a massive inverted hammer followed by a big green candle on good volume. also, we can see that there are a lot of long wicks from downside.
As we can see trx cooled down to the 721 target that I shared in the last post and created a massive inverted hammer followed by a big green candle on good volume. also, we can see that there are a lot of long wicks from downside.
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this action shows us that the buyers are interested in buying the dips and push the price higher.
another bullish development is that trx flag on top of the dotted pink line which is the previous uptrend line and it confirms that we are in a new parabolic channel that I was talking about.
too add up the fact that trx didn't lose its sats value after the btc drop shows me the strengths of this coin!
another bullish development is that trx flag on top of the dotted pink line which is the previous uptrend line and it confirms that we are in a new parabolic channel that I was talking about.
too add up the fact that trx didn't lose its sats value after the btc drop shows me the strengths of this coin!
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looking at the big picture the flag that we are making is the handle of the parabolic cup and handle that I was talking about in the previous posts.
the target of this development will be a straight shoot up to 985 sat area base on 2 different measured movements. (from the base of the cup and also from the length of the flag.)
this development after the break out will lead to FOMO hit the fan, and hence I expect to get even higher than 985 :))
the target of this development will be a straight shoot up to 985 sat area base on 2 different measured movements. (from the base of the cup and also from the length of the flag.)
this development after the break out will lead to FOMO hit the fan, and hence I expect to get even higher than 985 :))
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But again as I said we don't wanna be greedy and we want to secure the profits.
you can take profits at dotted yellow lines above us and anywhere you feel you feel comfortable in the blue area or use trailing stop loss and let it run.
For educational purposes, if you wanna buy this action a powerful break out above the dotted green line can be a good signal to buy. remember to take confirmation
of the breakout, it should be on high volume and you better want to wait for it to close and you the next candle to open above that in green as well.
don't worry to lose some percentages of a trade, always buy with confirmation.
you can take profits at dotted yellow lines above us and anywhere you feel you feel comfortable in the blue area or use trailing stop loss and let it run.
For educational purposes, if you wanna buy this action a powerful break out above the dotted green line can be a good signal to buy. remember to take confirmation
of the breakout, it should be on high volume and you better want to wait for it to close and you the next candle to open above that in green as well.
don't worry to lose some percentages of a trade, always buy with confirmation.
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I'll update this post later when I see the break out is about to happen and follow the action up.
good luck trading. ;)
good luck trading. ;)
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we can see rsi has found support in the bullish area.
macd is curving to the bullish side and shows the decreases of sell side.
volume signature supports our parabolic cup and handles idea.
macd is curving to the bullish side and shows the decreases of sell side.
volume signature supports our parabolic cup and handles idea.
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looking on 5 min chart to see the price action seems like we are made a cup we are forming a handle this action breaks out of the flag and targets the top of the green dotted line.
but it's early to say we have to wait for the breakout, patiently.
I expect something like the green lines to happen.
but it's early to say we have to wait for the breakout, patiently.
I expect something like the green lines to happen.
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BTC is a bit unstable hence it made the market confused. I think once things get stable trx will break up!
remember guys always consider what btc is doing while alt trading, cause btc is the king of this market and rules it. Unfortunately, though :) i'm not a btc maximalist.
remember guys always consider what btc is doing while alt trading, cause btc is the king of this market and rules it. Unfortunately, though :) i'm not a btc maximalist.
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we broke up,
Meh, I missed the break up,
I was charting another chart and i didn't have my alarms set :P damn it... its ok I'll see how it gonna react to the green line and catch it there if it breaks up :)
if you bought it at the mini cup and handle break out, set your stop loss at the break-even point.
this trade is more risky for the ppl who entered at the top, so play it safe.
Meh, I missed the break up,
I was charting another chart and i didn't have my alarms set :P damn it... its ok I'll see how it gonna react to the green line and catch it there if it breaks up :)
if you bought it at the mini cup and handle break out, set your stop loss at the break-even point.
this trade is more risky for the ppl who entered at the top, so play it safe.
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done with the handle. ;)
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it's respecting the green trend line. this is why I didn't enter when I missed the breakout, cause it was close to the resistant of the green line and you never know if it can break it or it gonna reverse. also, it reached the target of the measured move.
you wanna buy from supports and sell into resistants and measure the risk-reward of your plan.
that move didn't have a good risk-reward ratio for me. however, if we break out from the green line and confirm it I'll be a buyer.
you wanna buy from supports and sell into resistants and measure the risk-reward of your plan.
that move didn't have a good risk-reward ratio for me. however, if we break out from the green line and confirm it I'll be a buyer.
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remember you don't wanna fomo you wanna measure your moves :) to be successful in trading.
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you see guys there is always a high chance for the trend to reverse or retrace at resistances, this is why you wanna be a smart trader and take profit in resistants. and calculate the risk-reward of your trade.
although trx is working good, i'm quite confident that we gonna see 950-1000 sats
if the market stays stable.
although trx is working good, i'm quite confident that we gonna see 950-1000 sats
if the market stays stable.
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we are working really bullish :)
get ready for excitement.
get ready for excitement.
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the zoomed outlook of our trx trade. :)
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Keep calm and enjoy the moon shot.
:)
:)
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awesome
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the pink line on top is my last target for this trade at the moment.
I expect a retracement from there or a big base cause chart is not giving me any more upside potential at the moment.
hope you enjoyed this trade :)
i'm gonna update it in another post probably.
I expect a retracement from there or a big base cause chart is not giving me any more upside potential at the moment.
hope you enjoyed this trade :)
i'm gonna update it in another post probably.
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we almost reached the target with 3% difference :/.
the fact that the price is not going up although we have high volume and we have wicks on top of almost all of the candles on top, shows me some signs of topping action. on top of there is no technical reason for this move to go higher unless it retraces and make a huge base.
it can go higher if fomo its the fan :)
but you wanna be a smart trader and protect your capital and gains and not be greedy.
it's wise to take profits and increase your stop losses to at least 800 sat.
the fact that the price is not going up although we have high volume and we have wicks on top of almost all of the candles on top, shows me some signs of topping action. on top of there is no technical reason for this move to go higher unless it retraces and make a huge base.
it can go higher if fomo its the fan :)
but you wanna be a smart trader and protect your capital and gains and not be greedy.
it's wise to take profits and increase your stop losses to at least 800 sat.
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i'm done with this trade for now :)
congrats to people who followed this trade, you are up 55% on your investment.
good luck trading
congrats to people who followed this trade, you are up 55% on your investment.
good luck trading
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anyways take profit at 640. it's always good to secure profits. ;)