TRX is incoming on a double bottom inside the support zone of 160-168 sats. Multiple red hourly candles are forming and it looks to be continuing down into the 160s. TRX is coming close to all time lows as it continues to the selloff, but given the previous support lines, buyers will step in soon. ATR is hitting lows as it inches into the low 5s....
Price actions of Tron (TRX) with Bitcoin coin pair has formed bullish Cypher pattern and entered in bullish potential reversal zone.
Lets have a look on the TRX priceline's move:
After initial leg (X to A) the A to B leg is retraced between 0.382 to 0.618 Fibonacci and then B to C leg is projected between 1.272 to 1.414 of A to X leg's Fibonacci projection and...
A lot has happened since my last update. Still the same idea in #TRXBTC.
167-179 is the support/accumulation zone with a tight stop.
Breaking through 193 sats can be the confirmation we're looking for.
Target? 282 sats!
$TRX #TRON #CRYPTO
Sometimes trading/investing is difficult, other times it's as simple as one thing on a chart.
With Tron right now, it's clearly still in it's downtrend so if you're looking for a safe buy time, keep an eye on this!
This is also nearly identical to my Ripple chart currently as well.
Remember, "The trend is your friend!"
Make sure to follow me for more Crypto...
Keep accumulating TRX this zone because TRX will move so fast. Justin Sun smells this time is not good time to push up, so he delayed his lunch to July 27, that's the begining time for next rally. Hold tight!
Stoploss : Under 230
At first, TRX brought us a lot of profit in previous signal. TRX is forming a reverse H&S formation. And this shows the possibility of rapid price increase in the coming time
Buyzone : Buy as close to 340-345 as possible
Recommend Sellzone : 400-460
Stoploss if price is lower than 335 and consider buying back around 305-310
TRON and the shy 100 MA signal Trading Analysis (TA)
1W Chart, TRON (TRX) on December 17 2018, on the begining of the formation of its 100 MA signal was able to cross it steadily heading north until January 21 2019 when exhausted of his rising journey started to deflate until today, when is facing the 100 MA signal again but from above, if the signal is strong...