All the Top 20 Alts chart looks the same.
Reasons for Long :-
I am expecting a big news from Justin Sun. After the torrent giant acquisition TRX has not shown any substantial movement.
Daily Chart is showing that we are going to test the red channel zone.
It happened with XRP, then BCH....maybe the next will TRX
On the other side we can move to green...
Am anticipating a possible bullish break out from the triangle to 0.0320 and a retracement to 0.020 level which is the 79% fibonacci retracement level. From there we might see price move up to 0.0520 and a further move to 0.0950
Technical analysis:
Tron/Bitcoin is in a range bound and the beginning of uptrend is expected.
The price is below the 21-Day WEMA which acts as a dynamic resistance.
The RSI is at 39.
The price downtrend in the daily chart is broken, so the probability of the resumption of an uptrend is increased.
Trading suggestion:
Price is in the support zone...
Technical analysis:
Tron/Bitcoin is in a range bound and the beginning of uptrend is expected.
The price is below the 21-Day WEMA which acts as a dynamic resistance.
The RSI is at 39.
The price downtrend in the daily chart is broken, so the probability of the resumption of an uptrend is increased.
Trading suggestion:
Price is in the support zone...
Hello,
below I see a favorable setup for TRXBTC for the short term.
This is a follow up from my previous TRXBTC analysis that I've post earlier.
1. Takashi bow signals a buy signal (takashiclub.com)
2. The daily closed significant above 80 Hull moving average (HMA) this signals a mid term change in direction of the trend
3. The tradingpair stayed for a relative...
Tron is one of those coins that I will always hold close to my heart. In fact, it is the coin that gave me tremendous profits in January 2018 that I ended up putting towards my wife’s dream house that I bought her.
Tron found support and put in a higher low at .00000273, if bullish momentum continues, I can see TRX breaking 500 sats.
How I plan to trade...
As many other altcoins, TRON has been creating series of lower highs and lower lows since May 2018. This series was interrupted in mid-August once the 8-month low was made. The low prompted the coin to make a bounce, although a shallow bounce. The price returned again to re-test the lows and it bounced again. However, the price is still trading below the...
Trade instructions for Alan Masters followers, readers and supporters
Buy in:
(1) 0.00000311 - 325
(2) 0.00000291
Targets for Alan Masters Trades supporters
(1) 0.00000430
(2) 0.00000546
(3) 0.00000635
Stop loss: Close weekly below 0.00000270.
Next support: 0.00000259.
Raise stop loss above buy in after we hit our first target.
Capital allocation:...
this could be the end of the the C corrective wave with a nice double bottom. we could MAYBE pump up and get rejected at the trend line come back down and try a triple bottom. but this is playing out nicely. TRX has soooo much potential and has been labeled the ETH killer. remember this coin was created SEPTEMBER 2017! this coin has only had its first impulsive...
Hello traders today we take a look at TRX - Tron / BTC
Based on our EW count we can determine we are currently within Wave 3 of 5 within a Macro scale.
Subwaves show us we are just starting our sequence.
Our Midterm TP here is 430~ satoshis
Moon at 480 satoshis
Happy Trading and telegram link in BIO. V.I.P for September opens soon.
Tron has been doing relatively well compared to its competitor, Ethereum, but due to the correlation cryptocurrency markets have, Tron will likely also break the support zone and hit an all time low since the altcoin rally.
Currently we have been getting bullish divergences so expect a rally once we touch below 300 satoshis. Short the top of the rally and expect...
First of all, this is not the signal! We need to get some confirmations if we want to see a bounce from the current area!
At the moment, TRON' is on the strong area which was a support before we started some 'rally' upwards at the end of the August
and currently it completing a Chypher pattern on this price level which matching exactly with our support! Also, we...
TRON (TRXBTC)... When it goes it goes. Last up wave for Tron (TRXBTC) we saw price increase from a low of 315 satoshis on March 18th, to a high of 1083 by April 30th. That's a whooping 343% increase in total, which translates into 240%+ net profits if you bought at the bottom.
Today Tron is in a similar spot.
On the weekly chart:
- Tron hit a low point on the...
TRON is busy with an ABC correction, usually these corrections reverse between the 0.618 and the 0.786 fib level.
That makes a great buy zone (purple rectangle)
After being trapped in the parallel channel for more than 8 months, TRON finally broke out of it. The move to the upside was not an impulsive one, but the price still trades comfortably outside of the channel. The consolidation took place and the price action has formed the descending triangle. The descending triangle is a bearish formation that usually forms...
We have a inverted hammer candlestick for Tron (TRXBTC) on the weekly time frame.
This candle is a bullish candle. You can read additional information below:
"The Inverted Hammer candlestick formation occurs mainly at the bottom of downtrends and can act as a warning of a potential reversal upward. It is important to note that the Inverted pattern is a warning...
TRXBTC TRADE
Enjoy this trade advice my Crypto Maniacs, but remember to invest only what you can afford to lose or you're going right back to poverty on drop. We are not your financial advisors.
Bitcoin will pull us up in coming days
Enjoy it!
![TRXBTC: LONG [TRXBTC] TRON The Bull Is Next [700% PP]](https://s3.tradingview.com/x/xiUCGPnq_mid.png "LONG [TRXBTC] TRON The Bull Is Next [700% PP]")
![TRXBTC: [TRXBTC] TRON The Bull Is Next [700% PP]](https://s3.tradingview.com/x/xKkH1PKE_mid.png "[TRXBTC] TRON The Bull Is Next [700% PP]")
![TRXUSD: [TRON long] big profit potential](https://s3.tradingview.com/3/3v9f0bON_mid.png "[TRON long] big profit potential")
