Even though all indicators such as MACD and RSI are bullish, pattern overall is very bearish. From current chart a good buy zone is 670 - 720
Enjoy this trade 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.
Hey guys
With the upcoming release of mainnet on the 31st, TRON is only going to get stronger....
Interim targets labelled on chart. With BITCOIN's recent performance I am more inclined to aim for Target 1 short term.
RSI is oversold ish on the 4 hour chart.
Let me know what you think!
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 48.
Trading suggestion:
The price is in a range bound, but we forecast the uptrend would begin.
There is a possibility of temporary retracement to suggested 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 48.
Trading suggestion:
The price is in a range bound, but we forecast the uptrend would begin.
There is a possibility of temporary retracement to suggested 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 48.
Trading suggestion:
The price is in a range bound, but we forecast the uptrend would begin.
There is a possibility of temporary retracement to suggested support zone...
Hi friends
We are now ready, MACD is ready AND RSI says we will not be bearish so far!
Hope everyone who followed my last chart has got an good entry they are happy with when we now choose direction of trx soon.
-We now see clear signs of the sales pressure on MACD begins to dump out on the 12-hour chart, i think this is the last push from the bearish...
Last month we had really nice bullish run.
Of course, it didn't last a long.
Right now Tron is on bearish trend and looking for support.
In my opinion, there will be powerful support at 750 satoshi.
Happy trading!
Adjusting the count here and attempting to get better targets. Going to play TRX a little more aggressively but not foolishly.
The Targets
Target 1 will cover a bearish double top on wave 5
Target 2 will cover a .786 Extension of Waves 1-3
Target 3 will cover a 1:1 Extension of Waves 1-3
Target 4 will cover a 1.618 Extension of Waves 1-3
Word of warning...
TRX BTC ready for potential breakout.
It's forming a symmetrical triangle pattern that can potentially breakout upwards. The 4HR MACD looking popsitive for upside momentum.
Will keep an eye on volume.
breakout around 0.00000908
target: 0.00000982
resistance:
0.00000962
FIB 1.272 (0.00000975)
Today i'll share my personal trx/btc TA.
made me a good profit prev.month
now we are retracing to set up for wave 5.
I almost never play the 0,236 fib lvl so my orders are not completely filled
A red line is where i look to lock in some profits.
Green lines is where i look to buy back in.
Blue horizontal lines are support/resistances
T1 : Target 1
T2 : Target...
Did a TA on TRON (TRX), a good entry point at around 865 sats. It is also showing some form of consolidation but although i'm not a fan of TRON (because its frequently over hyped), its mainnet will be released at the end of MAY and i believe that will potentially drive the price of TRX upwards. Recommended stoploss : 750 sats
On 4H timeframe, we can see TRX just cross the middle line of Bollinger band from downtrend channel. Also candles had closed above the 0.618 fib level. Nice support I would say for further momentum upward. We can reload and loaded now. I bought at 860. Next target 1300 satoshis
Spread the knowledge and happy trading :)
Tron (TRX) reached a new peak on the 30 April @ 1083 satoshis, from which level started a retrace. Right now, different chart indicators and signals are telling me that Tron has found support.
Look at the chart above and nothice:
- The price decline starting the 30th April. From there we went down fast until bouncing from the 829 saothis level (about 24% drop),...
4H timeframe:
TRX had a nice rally into 1000 sats two days ago. We had a nice pullback and are obviously in an accumulation phase and ready to take off for another rally up!
Price seems tank at 0.618 fib level (around 870 sats). A break below this level will drag us into next fib level 0.5 (around 792 sats) which I find it very unlikely at the current moment and...
Hey, I am back with another Technical analysis this time looking again at TRX .
Tron had a lot of controversy in the past, but the creator really believes in the Tron with the whole China being excited for tron, at 31. May is Tron releasing they Main net, which can lead to a pump or a dump.
That was in short about Tron.
Taking look at the chart.
Tron is...
