Dont get trapped in these bounces, the alts are more clear in the count than the complicated BTC but they reveal what the likely outcome is. One more leg down!
Tron broke out of the falling wedge. Watch the 1D candle to close above the falling wedge (for confirmation). Bullish times ahead?
TRON has respected the limited upside space that the 1W Channel Down gave (RSI = 43.337, STOCH = 21.464, Highs/Lows = -0.0164) and is seen on a calculated decline on 1D (RSI = 35.799) with slow pace (MACD = -0.003, Highs/Lows = -0.0002), which indicates that this is the Lower High applying resistance pressure. You can take a short term target here towards...
Like all the other altcoins, TRX has had a nice bounce from its lows. If you managed to catch it around that area, congratulations. I did pick up some TRX at 303 and will likely sell at 355. I am still bearish. This is because BTC is currently in a short term bullish reversal and it is likely we drop down again. I believe the 7.1-4k area is the maximum BTC can...
TP = 0.016362 hit as 1D aggressively broke the previous low slope Channel Down and is now seen approaching the intermediate line of the underlying 1D Channel Down (MACD = -0.004, Highs/Lows = -0.0025, B/BP = -0.0063). The upside is limited to a Lower High near 0.02500 and we will most likely see 0.009634 (TP) on TRON in the coming week. The December 16, 2017 low...
Tron has been on a huge downtrend with no sign of reversal still. This leads me to believe the drop is still not over and we have some more dropping inbound. The bullish divergence on Tron has long been invalidated. Currently 260 - 200 could be the bounce zone, but I think if BTC goes below 5.8k we might see under 200 sats per Tron. Therefore, if you have Tron,...
Tron has been in a falling wedge for months, and currently, I believe the end of this bear cycle is almost over. Tron has an increasing RSI during the decreasing price, indicating a bullish divergence. If you believe in TRON, look at adding funds when it hits below 400 sats, which is happening right now. I believe anywhere around 300-360 is a good addition for...
Both TP = 0.030110 and 0.023083 hit as the 1D Channel Down (RSI = 30.449) moved aggressively to a new Lower Low. If 0.023 breaks then TRXUSD will aggressively transition back to the commanding 1W Channel Down (RSI = 44.821, Highs/Lows = -0.0183 but oversold on STOCH, STOCHRSI, Williams, Ultimate Oscillator) and look first for 0.016362 and then 0.009634 (TP). The...
Technical analysis: . TRON/DOLLAR is in a downtrend 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 34. . While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue . Trading suggestion: . Price is in the support zone...
Technical analysis: . TRON/DOLLAR is in a downtrend 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 34. . While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue . Trading suggestion: . Price is in the support zone...
TRON had some corrections with attempts of breakout but when we look at bigger picture it becomes much more clearer that TRON's future could not be brighter with their dedicated team, ex-ripple labs executive, massive partnerships and potential connection to XRP in the near future. J-Curve together with W pattern is what we are looking at here. J-Curve will be...
Simple 15min time-frame strategy using 4 classic indicators. TRONUSDT: (25% return over ~1.5 months = ~16.67% a month return on investment, 5.3% max drawdown, total of 48 trades = ~ 1 trade per day) Uses: 1. Nested bollingers (multiple lengths) 2. MACD 3. Fibo retracement 4. RSI IF: #1 (i.e. all bollingers are crossed) and; #2 (i.e. macd crosses) and;...
Last week's bullish break-out proved to be false, as the price jump and breaking of the 1W Channel Down (RSI = 47.541) formation was only a false extreme on High Volume. It is possible that a new, less aggressive, 1D Channel Down has emerged (dotted parallel lines), although another Lower High/ Lower Low confirmation is required). In any case the underlying trend...
Hey everyone, my last chart predicted sideways movement till the news so this was kind of expected. I believe this can be a great long position in anticipation for the secret project, as long as TRX can find support and form a strong bull flag. There is a medium chance it will be a false breakout. I bought into Tron at 440 so I'm kind of debating whether or not to...
The latest price action has marginally broken the Lower High limit on the 1D Channel Down (RSI = 44.637 but on neutral ADX, CCI, MACD, Highs/Lows). However, this (minor) break-out is so far on a Lower High scale and can be a falst break-out based on larger volumes. It is more probable to re-enter the 1D Channel Down as 4H suggests (STOCH = 24.684, STOCHRSI =...
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.
TRX broke out of the falling wedge netting me around 5% profit after it hit my stop loss. However, the Bitcoin ETF decision which has now been moved to September caused BTC dominance to rise, basically people moved their BTC out of altcoins. This is one of the reasons I strongly wish for more exchanges with fiat to altcoins so we do not need to analyze both...