An idea for TRON
Top channel band suggests $16 which is a massive increase from the current 0.05
Middle channel band suggests $2 which is also a huge increase
Both of these scenarios make sense, the top band was where price hit in 2017
Time will tell if it repeats
I have used a sort of 'quasi' channel to identify these ranges
Also some funky trend lines...
Identifying the strongest trendline with the fib circles shows the price sitting just above 2.618
With the formation of seemingly a bullflag, this is a very bullish sign
At these levels TRON is very undervalued imo
Bulls will win this battle
If you all knew how much money I've lost on reckless TRX moves over the years you would be ashamed. But like any good Mongoose I just don't learn my lesson until I bite the head completely off of the snake. If this thing takes off there is plenty of room for profits. Let's give it a go shall we? Oh and if you're reading this Justin Sun, you suck.
Using fib circles we can see the bear moves and bull moves respective to their fib areas
I hope for a bear wave, to further validate my Fib waves idea
Regardless TRON is very cheap and going long is a nice idea
Hello, I share you this setup which I think is spicy.
2 years resistance would bring a lot of momentum.
Reversal in BTC pair also bring momentum.
This will look like PD I guess.
I will ride it for sure, already inside from 0.048
HUOBI:TRXUSDT - 1D
Disclaimer : This post will be laden with brutal fundamental analysis as it relates to the burgeoning DeFi segment.
Tron. It's had a scammy reputation in the crypto sector for a while. Maxis hate every alt, ETHeads despise Tron for copying their whitepaper and protocol components. Fan & moonbois of other platforms use Tron as a bottom tier...
Let me know your thoughts!
TRON was one of the best-performing coins of 2017 and has since dropped a considerable amount since then -
Currently, TRX has broken out of a pennant it has been in since the newly found all-time high - while finding support on the new up trend line although briefly breaking below yesterday.
If TRX can break above a strong...
Within TRX we can see a bearish rising wedge with an angle of 8 degrees within a falling wedge
also we can see a bullish rising wedge with a less sharp angle
Is this second rising wedge acting as a flag pole for the apparent flag that has formed above the falling wedge?
We will see.
Apart from this, talking about Tron, I see some potential as I was once a hodler,...
tron looking like it could juts neck further from where it currently is.
monthly price fell hard rejection from that last pump as whales off loaded onto buyers.
price has since fallen below resistance and POC
if it cannot reclaim support on this monthly OB and POC then there is an empty volume gap all the way down to when it was first traded
note: usually posts...
If I have learned one thing in all these years I am trading, it's that when a coin is behaving with a long lasting sideways moves which are very tight, it's a strong indication of a strong move.
Same as when there is low volume for some time it's only a matter of time when the volume comes in, trick is to determine if volume is going to be buying or selling...