- Huge false breakout last days on Tron, we can expect lower prices now
- We are in this symmetrical triangle, that is currently breaking to the downside!
- The price is below 20 moving average on the daily chart
- Below 2 trendlines!
- Looking terrible to be honest
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Trx/btc recently lost support around 200sat and closed daily below
Also btc dominance is still high
And looks like the downtrend not ended yet
The other area of concern will be at the previous accumulation zone between 175-168 sat
Not abuy signal ...we need a strength or bullish green candel and buy on retest
If I have learned one thing in all these years I am trading, it's that when a coin is behaving with a long lasting sideways moves which are very tight, it's a strong indication of a strong move.
Same as when there is low volume for some time it's only a matter of time when the volume comes in, trick is to determine if volume is going to be buying or selling...
Tron has been trading within a Channel Up since the March bottom and has just printed a Bullish Cross on the LMACD of the 1D chart. Every time that happens, a respectable rise follows.
I am interested particularly on the December 2019 LMACD Bullish Cross. As you see the price action that preceded the Bullish Cross has fair similarities with the price action since...
Looking at the 4 hr TRX chart we can see that it is a good position for more price movement, up.
We are in both a long term and mid-term up trend with TRX. Easy to see here with the Gann Fan.
We had what I call the “SUN bubble” when @czbianance announced the new SUN genesis mining, which popped, and we immediately dropped down too, and continued on the uptrend...
This is another market that looks interesting for buying, of course, if Bitcoin doesn't move downward.
The price bounced from 0.025$ support and broke the local downtrend line. MACD and RSI are bullish and support a possible upward movement. If the price can move and stay above SMA20 and SMA50, we will get a possible buying opportunity.
Here is an example of a...
After a strong uptrend movement, the price went on a correction and could be forming another accumulation pattern called bearish rectangle
A great place to buy TRX is on the next important support level in case this asset reaches the next important support level around 200 sats
TRON (TRXBTC) is finally moving and just as I told you...
Once it starts to go, it goes and it goes strong and for long.
Here I am sharing new long-term targets with you...
We are looking at the weekly timeframe.
The next target is sitting at 0.00000399 weekly.
We also have 185% potential long-term and up to 280% based on Fibonacci proportions, you can...
When we look at the 4H timeframe for TRON (TRXBTC), we can see really strong bullish action.
We already know this pair...
When it starts to go it goes...
Long, fast, and strong.
After the Doji yesterday, which can be taken as a reversal signal when it shows up at the bottom of a trend, we have 7 consecutive green candles... And it seems that there will be...
". There is a possibility of temporary retracement to suggested support line (0.00000250).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
. TRXBTC is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which...
We looked at TRXBTC recently and the chart is growing/building up on bullish momentum...
The same can be said for the TRXUSDT pair.
Today we have prices moving above EMA50 and EMA10.
Both our indicators, MACD and RSI, are showing bullish signals.
Notice that prices bounced at the EMA100 blue line... Signaling strength.
The next target is marked on the chart.
TRON (TRXBTC) is giving out an early signal in the form of a bullish candlestick today as well as a bounce off the EMA100 blue line.
This can lead to additional growth.
After prices peaked, 3-Sept., we saw a strong correction but volume has dried up on the drop.
Prices are now flat and the indicators are starting to turn.
The EMA100 line also coincides with...
If we are beginning the next major crypto rally, we can expect that the coming wave-G will be similar in size to the previous wave-E the entire market experienced in 2017. However, TRON only began trading in November of 2017, so based on extrapolations from other cryptocurrencies Wave-E on TRX will only be 50-62% of Wave-G in price. In other words, Wave-G on TRX...