Tricky little Asains setting up these monster bull traps Off the 382 retracement line. Do a retrace from my ending 5th wave. 382 tracement into a MONSTER B wave. WHY? bc you can already know C nomatter the length of B. The higher B goes the more Complex the correction. To grasp fully dissect the first 5 wave move up. exact 1 to 1 extended 3rd..... middle 2.168 and...
TRX appears to have broken outside of a consolidation pattern. I am expecting a slight Retracement to the .5, .618, .786 Fib Retracement area on the most recent leg up where I expect it to find an area of buyers. If we stay above the purple trend line, this is a safe entry point with 40% upside potential.
I love the 3rd waves. Our 5th is typically extended with our 3rds going 1 for 1 but our 1st wave up was a truncated 5th followed by a complex wxyxz correction
Tron (TRX), one of the most hyped, famous and active altcoins in the past cryptocurrency market bull run, is trying to breakout now.
Several bullish signals on the charts:
- After going sideways for a while, most of the indicators are starting to turn bullish.
- Both on the daily and weekly charts the indicators show plenty of room for growth.
- The MACD, RSI...
TRX found support and bounced at the 0.618 FIB level and appears to be holding. If it holds above 530 SATs we could be seeing another breakout. TRX also looks to have concluded the ABC correction.
Noticed this after watching XVG B wave blowout...... I believe this is the exact count. Scroll up to see targets of 1st full 5 wave set 4000 to 7000 satoshis!!
TRXBTC gave a green 2 on the daily chart according to Tom Demark count. This is a clear buy signal. Stoch RSI is below middle area and has plenty of room to go upwards.
Here is my trading idea:
Long at: 0.00000525
Take profit1: 0.00000626
Take profit2: 0.00000737
Stop Loss: 0.00000499
For a ZOOMED OUT view - see related ideas.
If the last week has been an ABC correction, TRX might go for a 3rd Wave Movement.
An ABCDE correction might still form, making it go back 480 sats. If that happens, we have more waiting to do, unfortunately.
We have two short term resistances to pass right now before going up.
Resistances (short term): 530 and 560...
The chart says it all.
We need to break key resistance levels marked X, X and get above 50 day MA before we can move higher.
We have strong support marked with green.
Of course for TRON, volume is a must.
For entry & exit points, check/follow the related idea:
Do your own analysis before trading. :)
On a macro scale we are starting wave 3 of 5. With the original 5 wave move to take us to 2000 sats wave 3 4 and 5 were almost simultaneous.
Another option is Wave 3 is like Xrp's....... Still a 700 percent move from the 2 bottom but I want to see my plan come into fruition.
Ask yourself does History repeat itself.
What is another possibility Tron doesnt hit...
Tron is simply going to blow the fuck up. Wave 3 on a larger scale was ripple end of 2017. Now ripple starting wave 5 on a shorter wave 3 than 1 meaning theortically wave 5 shouldnt be longer. However it is b a very small amount and Ill be interested to see If Ripple hits a 5th wave extention or fits into being the smallest impulse wave. Tron we just dont know yet...
Hi guys
4 hour Tron is currently sitting on the diagonal support line which supports upwards targets of 700 and 800 LONG term.
A few resistance lines in play and it will be interesting to see how TRON reacts in the coming days
Tron's wave 2 is a clear bull flag and at the moment we have only just pierced the resistance. $TRX needs a spike in volume to plow through this resistance and to move onto the next. Where will it go? If you take the length of the bull flag pole and start it of from where it pierced the bull flag this is usually a good indicator to where we go next.
This is not...
