Edit: Second support identified around 895. Should this hold, may signify another attempt at the 950 ceiling, and a strong upward compression with bulls starting to force the market up... Changing to neutral for now, but position will change based upon the resistance at these lower three bands.
Original:
We have now bounced off the 950 twice - at the best case...
Nothing to describe. Chart speaks it self.
Hope this chart will help you in your trades.
Before it hits 1$, you can short and re-buy 2 times, after 1st wave, and after 3rd wave.
Don't be afraid to see an insignificant dip before wave 1 begins.
If you want to lose, just sell it and forget about it.
Wish you good earnings! Good luck!
For tips:
BTC:...
SUP CRYPTO FRIENDS, BY REQUEST HERE'S A QUICKIE ON TRON. LOOKS LIKE WE MAY SEE SOME MORE PROFIT OPPORTUNITIES IF PRICE BREAKS 38.2% FIB LVL. THIS LVL SEEMS TO HAVE THE STRONGEST SUPPORT/ RESISTANCE. SO WE MAY NOT GET PASSED IT. DEPENDS HOW MUCH VOLUME WE GET IN THE NEXT COUPLE DAYS. OVERALL WE HAVE DESCENT VOLUME TRICKLING IN. PRETTY STEADY NOTHING PREMATURE. FROM...
As we can see the chart has surpassed the downwards trend-line and we are now seeing an upward trend-line forming. What is exciting is also there is a cup and handle that has started to form and we are currently in the handle phase which means a little pullback will be experienced. This pattern looks very promising and I feel like a bullish breakout is coming....
After completing it's FIB wedge today from intial spike TRON took a dip, revealing a new all time low since intitial spike. This indicates to me we're in a slow blead out with trend lines indicating rate of decline till it fines baseline support as indicated in chart. WELL THAT WAS A FUN RIDE!
We're going to see one out of three scenarios play out next.
1. TRX "Moons"
2. TRX Goes flat
3. TRX Breaks out of the triangle downwards
TRX partnerships should be on the horizon to be completed and this is a big positive sign for us.
If trade is active:
Buy in:
739-830
Targets:
T1 - 1200
T2 - 1327
T3 - 1503
T4 - 1817 (previous ATH)
T5 - 2131
T6 - 2307
Please...
We are in ABCDE correction. Best price for your order is 600 satoshi.
After ABCDE correction, TRX will go to finish a cup, and then will go to take a holder.
My price prediction to the end of January is 5000 satoshi.
Good Luck!
Pair has strong support zone
Macd over extended below 20 line
Bull Trade
Enter with Buy Stop just above 50 sma
1st target fractal high @ .00001300
2nd target swing high @ .00002040
TECHNICAL ANALYSIS OF TRXBTC CRYPTOCURRENCY:
The price of TRXBTC cryptocurrency after three up waves is now in corrective cycle wave 4. From a technical point of view, the shape of wave 4 resembles a flag (pennant) pattern and from the Elliott Wave point of view - a triangle pattern.
A cluster of Fibonacci levels, which is the abolition of 61% of the last growth...
So tron had a nice week, they just opened a new office in San Francisco and is n,10 on MC.
They are also burning some in the next 3 months. This coin has huge potential.
Targets: 1400 sat
1750 sat
1950 sat
2200 sat
Plenty of hype surrounding this coin that is yet to describe a code/node/blockchain product. Justin Sun seems to want to concentrate on marketing and creating hype before delivering any real product. Price movements and trends would indicate a potentially bullish outlook for now.
Chart described:
Blue curve - early slingshot to drive pricing into the downward...
TRON in Bullish Mode, corrected to good Support Line and level.
Im Holding TRON , and recently increased my position of TRX in portfolio.
Now price moving in 3 types of Patterns:
1. Falling Wedge (bullish)
2. Big Ascending Triangle (bullish)
3. Moving in shortterm Flat trading range
Entry for those who don't have TRX in portfolio, or wants increase...
Personally I think now is the perfect time to buy TRON (TRX), it has recently reached the support line, and is seems to be very bullish so DON'T miss your chance and buy now while it still cheap.
![TRXBTC: TRON [TRXBTC] Digital Extasy](https://s3.tradingview.com/t/tyULygYB_mid.png "TRON [TRXBTC] Digital Extasy")
