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Tron target area still 650-690 Hi guys
Like I have been saying over the past few days my target is still 650-690..
Once we hit that it will most probably be around the 31st of March when test net is released. I think there will be a big sell off at this point personally but don't take my word for it.
This is not advice, this is just my personal opinion so follow at your own risk.
Thanks
Raise TRX from the dead!ENGLISH : TRX has stablished this same region as bottom for some time now. Every single time it has went lower, it bounced right up to the same channel again. Now, Tron is getting closer to a very important downtrend line, originated in January 19th, which has served as resistance and has NEVER been broken since that day, not even by a shadow! Ok, but why would now be a good moment to buy? Wouldn't that mean that TRX will hit the wall of despair and go even lower? I don't think so! Since its downfall from the 0.00002 ATH, TRX has never had an important divergence on OBV... until now. Such a divergence shows that, even though the value has been falling since February 28th, the volume of green candles has been WAY BIGGER than the volume of the red ones. That's an important indicador of tendency change! Such a thing so close from this major downtrend line? Let the dead raise from the ground!
PORTUGUÊS : TRX estabeleceu essa região como fundo já faz algum tempo. Todas as vezes em que a moeda foi abaixo, ela foi jogada depressa de volta para esse mesmo canal. Agora, Tron está se aproximando de uma importante linha de tendência de baixa, originada em 19 de janeiro, a qual vem sendo resistência e até então NUNCA foi quebrada, nem por uma sombra que seja! Ok, mas porque agora seria um bom momento para comprar? Isso não significaria que o TRX baterá no muro do desespero e irá ainda mais para baixo? Eu acho que não! Desde sua descida da ATH de 0.00002, TRX nunca teve uma importante divergência no OBV... até agora. Tal divergência mostra que, apesar do preço vir caindo desde 28 de fevereiro, o volume das candles verdes têm sido MUITO MAIOR do que o volume das candles vermelhas. Isso é um importante indicador de mudança de tendência! Tal fato tão próximo dessa linha de tendência de baixa principal? Que se levantem os mortos do chão!
TRON - MOON OR PIT?
Looking at the 2 Hour chart, we can see that the 4th wave of Elliot wave cycle is about to get completed.
From here, there 2 possible scenarios:
1. It can complete this 4th EW and then head or the 5th wave i.e uptrend.
2. It can keep going downwards and make H&S pattern.
WE have to wait wait for some more time for the confirmation on any of the scenarios.
I signalled to buy TRON when it was trading in 430-ish range. Congratulations to everyone who followed my previous trades and locked in some profits.
The positive factor which can support upward movement of EW is that TRON is releasing it's TEST NET on 31 March . A lot of hype already. So, expect some significant increase in price.
P.S: This is not an investment advice. This is for educational purpose only. Invest at your own risk.
Good luck trading.!
Peace.
TRON decision time - 6 Possible Elliot Wave Counts & 5 ScenariosWe are approaching a time where TRX has to decide what it would do.
BTC may decide it for us 'thou if it continues to fall. So keep an eye on it too.
6 Possible counts with 5 scenarios , starting from best-case to worst-case: (
Also MACD seems to want to cross, and RSI is staying in >50 area.
All the counts are based on different Fib levels, depending on the Initial start.
1) GREEN + Purple
It will start 5th Major EW now and go in 600-700 satoshi area.
The Purple correction count is confirmed.
Scenario happens:
IF it stays above 495-500. (you can really stretch it to 485 if you're *that* hopeful)
AND IF it breaks out of MA(25). That means >520 satoshi. Let's say 530 to be safe.
2) Pinkish(?) White.
We are approaching another 5th Wave of correction and
White-ish count is confirmed.
TRX 2.51% might still breakout from this one.
3) Second GREEN.
After Pinkish correction, 5th Wave of MAJOR EW starts.
4) RED - EW possibly failed
We are still in a correction and it's heading to 420 (haha).
Confirmed if it starts GrWave2 and does NOT pass 490 resistance.
(maybe even 500, to round it up nicely)
5) Yellow
The same as RED, but basically...slower
And as a side note...
I believe TRX on very long term (months/years) is NOT a 'HODL'. 'CEO' acts like a con artist too much.
But we can make a decent profit of it right now.
Updated TRX Elliot Wave.If it follows an ABC correction, we might see it breakout now.
If it follows an ABCDE correction, we will see it breakout a bit lower.
I think the lowest point it will reach wi;ll be around 500 +/- 20 satoshi (area in yellow circle).
Boll Bands seems to be closing up.
MACD *might* have reached its downwards peak. (no confirmation yet).
And buyers seem to be coming in, based on that last volume impulse.
Somewhere in the yellow circle, the next wave might start.
Worst case: starting at 450 satoshi based on Fib Retracement.
Keep an eye on MA, MACD, RSI and Boll.
Safe target: 630 satoshi
Medium Risk: 650-670 satoshi
Greedy target: >690 satoshi
If you're gonna go for the greedy target, move S/L up with every new impulse.
TRXETH .. sky is the limit?Looks like this have done 3x the original big target.
Very impressive.
Unitl March 31 we could expect a new rise.
Seems that patterns fits in their place.
-SG-
LONG TRON TRX - POWER TO THE PLAYER. .0001 BTC very possible.Do-OVERS. As a constant perfectionist I found two errors in my last posting of this same anlysis. I couldn't handle it. MY OCD WAS OVERTAKING ME.
Here it is again tho :).
Hello fellow cryptolovers, I want to share what I think will happen with TRX/BTC -7.07% in the next 6 months or so. I believe very strongly in this project, I think it has potential to reshape the internet, it has a GREAT group of developers from well known companies like Alibaba, and it's currently at a balling. Ass. Price. Why are you not buying more? Honestly. Ask yourself this question. If you're talking to joe-schmo and he calls this coin a shitcoin, laugh in his face and think about rolling in the pools of money you are soon to make, very Cartman-esque.
Anyway.
As far as the actual analysis, I believe this coin can hit .0001BTC if my targets are correct. Nothing is guaranteed, I don't claim to be able to see the future. However, based on a little Elliott TA we can see that these targets are not out of the realm of possibility. Not only this, but BINANCE:TRXBTC -7.07% has two notable events in the near future:
1) Test-net (beta-net) launch on March 31st. This should affect the price significantly upward over time.
2) Main-net launch which has been pushed up to May 31st due to advances in the project.
I strongly believe this is an opportunity that does not come very often. As always, DO YOUR OWN RESEARCH. If you like the coin, it has a positive outlook, and can be a benefit to people in the future, make a logical decision and go with it. If you lose money because you FOMO or whatever, I can't help you.
The only thing that slightly worries me is if we do NOT see a reset on the MACD and the StochRSI to cool off a little. This could really diminish the veracity of the upward movement and may result in only the target 1's being hit.
See the Sun ladies and gentlemen and anyone in between.
Please let me know what you think of this analysis and what I can do to improve.
Thanks!!
TRON TRX - POWER TO THE PLAYER. .00001BTC very possible. Hello fellow cryptolovers, I want to share what I think will happen with TRX/BTC in the next 6 months or so. I believe very strongly in this project, I think it has potential to reshape the internet, it has a GREAT group of developers from well known companies like Alibaba, and it's currently at a balling. Ass. Price. Why are you not buying more? Honestly. Ask yourself this question. If you're talking to joe-schmo and he calls this coin a shitcoin, laugh in his face and think about rolling in the pools of money you are soon to make, very Cartman-esque.
Anyway.
As far as the actual analysis, I believe this coin can hit .00001BTC if my targets are correct. Nothing is guaranteed, I don't claim to be able to see the future. However, based on a little Elliott TA we can see that these targets are not out of the realm of possibility. Not only this, but BINANCE:TRXBTC has two notable events in the near future:
1) Test-net (beta-net) launch on March 31st. This should affect the price significantly upward over time.
2) Main-net launch which has been pushed up to May 31st due to advances in the project.
I strongly believe this is an opportunity that does not come very often. As always, DO YOUR OWN RESEARCH. If you like the coin, it has a positive outlook, and can be a benefit to people in the future, make a logical decision and go with it. If you lose money because you FOMO or whatever, I can't help you.
The only thing that slightly worries me is if we do NOT see a reset on the MACD and the StochRSI to cool off a little. This could really diminish the veracity of the upward movement and may result in only the target 1's being hit.
See the Sun ladies and gentlemen and anyone in between.
Please let me know what you think of this analysis and what I can do to improve.
Thanks!!
My thoughts on TRON breakoutTron is not only doing great the past two days, but it's performing just as expected.. Which makes these breakouts feel even better. :-)
Here's my initial chart I made for TRX and as you can see it has followed the chart perfectly.
I would like to be able to say I could see us reaching all time highs before the months end but I don't think that will be the case... at least not that soon. My opinion on that doesn't really have anything to do with Tron directly I just don't think the entire market is strong enough to have that happen. Let me know how high you think we're going, or if we've reached the top.
Seems like we're starting to bounce back from the horrible pit of doom bear market we've been put through the last few months but we still have a long way to go... The Entire Cryptocurrency marketcap is still not even have of what where we were before the dip.
I'd say this is a good buy now if you keep a tight stop-loss but really you should have started taking positions 300-400 satoshi range.
Good luck & let's boogie
TRX wave 5 targettricky one to predict with this erratic movement and the imminent appearance of 'testnet' (which is only a 'test' net but you hey-ho, whatever appeals to the masses i suppose).
im thinking that fib lines say 650 should be the top but also there is a debate as to whether wave 3 was or wasn't 1.62 of wave 1, reason i feel there is a debate is because if you count the wicks or not you get different outputs (obviously) however one set of results shows it is greater then 1.62, others show it wast... meaning the final push could be either 667 sat or 695 sat.
either way anything between 650 and 695 is to be watched closely, knowing the Tronics it could oversell and we might even branch into the 700 sats but be wary of a big drop following, treat this as the test pump before testnet hehe :)
note: see the bounce at under 500 sat for this wave 4 correction.
Tyrannosaurus-ReX revived from Extinction since apocalypse! TRX have been revived from month long downtrend.
All indicators are greenlit. Dinosaurs are back. Uptrend now official!
- MACD crossed for the next wave. This also validates that the uptrend is really intact and safe to enter at any price it will be in.
- MAs 20, 50 and 100 are broken. Price is currently trading above these Moving Averages. And a bonus of Alignment of Stars! My favorite.
- Another note, last week of March is a very big week for TRON, a lot of important dates lies within the last week of March. We might see ATH(3200-3600 sats), that is if overall market sentiment will allow.
This is basing on 2H chart. I will mostly base it on 2H. It worked for me in 3 years of trading cryptos and stocks.
Tron (TRX) on Binance To Moon on Test Net Confirmation? (L)This is a low risk trade if you can hold.
On confirmation of Test Net launch on March 31, price shot up. We do expect short term price retraction due to oversold RSI, however overall appearance is very nice for Tron. We have been telling everyone to get on TRON for a while now because we believe in 2018 to be a very positive year.
We will be making more charts with updates on this - make sure you're following us.
Do not invest what you can't afford to lose.
TRX/BTC - 3/22/2018Good Morning, Traders!
Tron recently began testing its EMA(200) once again since March. The last attempt of this breakout resulted in a double top pattern which resulted in the price completely retracing, negating all of the progress it previously made. I'm expecting the opposite this time around. Along with breaching the EMA(200) the chart has formed a bullish flag. The price has tested the top of the flag at least four times and tested the bottom twice, meaning the price is attempting to break bullish rather than bearish. In this case, the best buying price would be the next time the price is near the bottom of the flag, indicated by the rectangle.
That doesn't cancel out the fact that the price is still able to push in the bearish direction for the time being. Looking at the recent candlesticks, we see a dragonfly doji candlestick before what could also be considered a bearish engulfing. Both of these would signify bearish runs soon, but at a smaller scale and could still just mean that the price is expecting to reach the bottom of the flag faster. Although, it could also be the reason that the price breaks out bearish.
Important Resistance Levels: 464, 436
Important Support Levels: 406, 389
DISCLAIMER
WITH THIS CONTENT CRYPTOCURRENCY CAPITAL LLC OR ITS AFFILIATES DO NOT PROVIDE INVESTMENT, TAX, LEGAL OR ACCOUNTING ADVICE. THIS MATERIAL HAS BEEN PREPARED FOR INFORMATIONAL PURPOSES ONLY AND IS NOT INTENDED TO PROVIDE, AND SHOULD NOT BE RELIED ON FOR, TAX, LEGAL, ACCOUNTING OR INVESTMENT ADVICE. YOU SHOULD CONSULT YOUR OWN INVESTMENT, TAX, LEGAL AND ACCOUNTING ADVISORS BEFORE ENGAGING IN ANY TRANSACTION AT YOUR OWN RISK.
CONFLICTS OF INTEREST
GIVEN THE NATURE OF THE FUND’S BUSINESS MODEL, IT IS NOT POSSIBLE TO FORESEE AND PREVENT ALL POSSIBLE CONFLICTS OF INTEREST THAT MIGHT ARISE OVER THE LIFESPAN OF THE COMPANY. AT THE TIME MATERIAL WAS PUBLISHED, CRYPTOCURRENCY CAPITAL LLC, ITS AFFILIATES, OR ITS PRINCIPALS, MAY HOLD LONG/SHORT POSITIONS IN THIS PARTICULAR COIN.
Written by:
Arham Bheda
Senior Research Analyst
The 5th Elliott wave on the hourly chart of TRXAfter reaching the level of 0.00000314 the price has started a new bullish trend while crossing the FAST MA (EMA15), SLOW MA (EMA35) and HEAVY MA (EMA100). Also, the EMA15 is currently above EMA35.
Current bullish movement can be described with Elliott waves cycle, as the price has finined the 5th wave. 3 Elliott Wave reached the price of 0.00000458, after which a divergence was formed on the AO indicator of the 4th correctional wave, which reached 50% Fibo. The outcome of this can be stated about the end of the correctional wave and the transition to the 5th. The target zone for the fifth wave will be the level of 0.00000477 - 0.00000495
TRXETH broke downtrend?Is this a valid trend?
Was it broked?
Im just learning... all your comments will be apreciated (in educational terms of course :D )
-CJ-
TRX to 0.085?! UPDATEUpdate of
Where i was wrong in the target of all most everything by a little.
Any way, it seems to be working... MACD wants to rise? and support is present.
Target of little H&S reached, and same for little butterfly and huge butterfly.
If everything goes well and emotional panic sellers stop their behaviour... this is the bottom and the sky is the limit (0.085 usd for now lol)
Please feel free for comment. I will be apreaciated.
Cheers.
-CJ-