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Trxbreakout

TRON bull market incomingTRX seems to be XRP little brother, so it won't come as surprise when it starts to rally in a big and fast way like XRP did. Market structure also seems very bullish with OBV advancing higher while price ranges creating a bull divergence giving a signal of whales accumulating. Also Tron has been pushing strong in the media recently and making advances with its technology and promoting usage, it seems it will gain more attention against many other important alts-coin like ETH. Be safe
Long
by lomaxrex
Tron (TRX) Expect a small rally when we touch 300. Ideal short.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 a 30% return on investment in the coming months. This is assuming Bitcoin drops below 6000 which will likely occur. It is very obvious right now the start of capitulation is beginning with coins such as Ethereum warning us. If Bitcoin drops below 6000 for good and enters a true bear market, it is easy to predict coins like Tron will suffer greatly. Therefore, we may short Tron. Short area: 300 satoshis Take profit: 224 satoshi level. Thanks for viewing! I have been updated Tron for a long time and felt I should make an update. I believe Tron is a very good coin to buy and hold, and if Justin is smart, he will already have accumulated a ton of cash. Unfortunately I am unable to see the balance sheets so all this is speculation. However, the size of the company BitTorrent (employees) suggests it is worth over 100 million. Justin is also buying the cash/liquid assets of the company as well.
Long
by HD1184K
9
Tron (TRX) Possible breakout, also possible harmonic.Tron has always been one of my favourite coins to trade due to its very easy to predict movement. Currently I believe Tron will have a drop as it hit the white trendline. However, due to the fact that we have quickly pushed back up after the retest means Tron is still pretty bullish, so this could be the breakout we have been waiting for since 3 months ago. I believe shorting Tron with a stop loss around 350 is a good play. I am still hesitant about this trade and am waiting for confirmation. If I were to take this trade: Entry: 345 satoshi area Stop loss: 350-57 satoshi area (depends on your risk tolerance) Take profit: 290 satoshi area. Keep in mind this price will likely not be hit. Thanks for viewing! If you wish to know where you can short Tron, I will message you privately. Feel free to comment. I will respond to all of them.
Long
by HD1184K
2
Tron (TRX) Bullish breakout, likely another leg up. Careful!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 reach and expect 6.8k to be the top. Therefore, if you hold Tron, consider selling it near 355 which is the resistance or when Bitcoin peaks at around 6.8-7.4k. If Tron forms a strong bull flag, do not sell, since another leg up may be coming. A strong bull flag is when price just stays within the same range without slowly sloping down. The less we drop, the more bullish we are. I am bullish in the short term but believe this is just another bounce for BTC. Either way, there is 5% more to be made on TRX so trade safely. Thanks for viewing! I will respond to all comments below.
Long
by HD1184K
3
Tron (TRX) Coiling stoch, Tron preparing for big movement.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 your portfolio. The problem is that BTC might not have found a base yet, and TRX is still within the falling wedge. However, if you look at the stoch on before the previous run, we are developing something similar. XRP had something like this too. This development is on and off, but is worth noticing. Therefore, Buy in: 300-360 sat level Thanks for viewing! Hope you guys haven't lost too much money. If it makes you feel any better, I lost over 10% on TRX when I transferred it in order to vote, which required a lockup period of 3 days, which happened to be the time BTC dropped.
Long
by HD1184K
Tron (TRX) Coiling stoch, Tron preparing for big movement.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 your portfolio. The problem is that BTC might not have found a base yet, and TRX is still within the falling wedge. However, if you look at the stoch on before the previous run, we are developing something similar. XRP had something like this too. This development is on and off, but is worth noticing. Thanks for viewing! Hope you guys haven't lost too much money. If it makes you feel any better, I lost over 10% on TRX when I transferred it in order to vote, which required a lockup period of 3 days, which happened to be the time BTC dropped.
Long
by HD1184K
6
Tron (TRX) Breakout. Possible long position after flagging.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 take profit now. Therefore, Buy in: When bull flag forms. If we drop straight back down it was likely a false breakout and should not be trusted. With the secret project tomorrow there will be an increase in demand or selling pressure, so be careful with a smart stop loss. Sell targets: 573-600 satoshis. Stop loss: 464 satoshi level or underneath the bull flag's support area. I believe in the next few months TRX is going to have a good cycle again. As long as bitcoin can stay within the current range, a good 50% gain is possible.
Long
by HD1184K
4
Tron Ethereum pair explains everythingI believe this shows impulsive since 2/1/2018 nobody could get a good count on tron because they were not and couldn't off of btc pair. Because BTC took such a dip we ate shit on trx btc pair doing more of a WXYXZ correction and looking like a 1-2-3-4-5 move with truncated 5th. That 5th? is a B wave hit exact .78 retrace of A. This all means we are about to start wave 3 after we finish this ABC correction. I estimated these numbers off of a bounce in golden pocket .618 retrace. Its already bounced on .50
by savenido
2
Tron (TRX) Big market order boosted TRX up. Unclear signals.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 Bitcoin and the altcoin charts before trading. Right now on paper it looks like we will be continuing down, but as mentioned, a secret project will be announced in 6 days, and as shown on the chart, there was a large buy order for TRX which caused a move up of around 6%, which might keep us above 400 before demand rises due to the news. Right now I would wait and see if Bitcoin can hold and what the dominance decides to do before moving funds back into Tron. I did pick up some TRX at 445, but a very small portion, with a stop loss at 400, but I'm fine with the risk. Thanks for viewing! Leave any thoughts you have in the comments below. I'll make sure to respond to questions.
Long
by HD1184K
4
TRXIn a very quick analysis... A bat has been made. But, there's a chance to drop a bit more.... less likely anyway. Target on GreenBox... or yellow line. MACD converge and bullish cross SRSI almost oversold. All (8) EMA's above the price. ++If we watch my old charts of TRX, we will clearly see that it is right back in the ground++ Educational Only If you like my ideas, please hit Like, leave a comment, share them and follow me for more! GoodTrade -CJ- Just in case you feel generous and wants to share a bit of your profits with me Thanks BTC: 1DQinHVrv8SEjJR81swwuKpK4msz3ULYd9 TRX: TMaei46gfPMpmSCxNsYUS4CTPi3Lx7jQoC
Long
by CristoJaraba
17