Based on my Fibonacci & Technical analysis, recent downward in price is a reflection of recent surge in price. From Jan 2-5, TRX went from $0.006 to $0.28 during an explosive upward rise. This has been followed by the predicted downward price correction before the next big run. My prediction is that the price will find its new support line located at $0.15...
After it leaves the triangle I think it will break out to test ATH. I think this is going to pair up perfectly with the rumor of the "news" Justin has been hyping on twitter. This could be a powerful move. hold the line! This is just my opinion - please make and trade off of your own TA. I am not responsible for you losing money. (But if you make some... maybe...
Day chart has Bearish Candle Pattern - Pin Bar with Morning Star 4H Macd Shows still Bearish room Macd crossed below Red line Both lines falling Wide space between lines 0 level cross pending 30m ENTRY - Breakout below ascending trendline Wait for red open/closed candle then...
Honestly not much to go off here except a strong support line from previous head and shoulders wave and initial support line from before the pump. Following waves 2-5 are rough based on current curve of market, will adjust as we progress.
A descending wedge being broken is a sign of a trend reversal imminent from a bearish to bullish market. Sideways movement is also highly indicative of this. Expect the price to climb back to the previous high before a quick sell off sometime in the next few days to week. The sell off will likely establish a new support line at a higher floor than we have seen...
$TRXBTC CHART (4hr Candels; "moon", Big profit) Subscribe for more charts, ideas, etc.
This TA speek for itself
These continuous largescale pennants speak for themselves. Along with analysis of the chart, tronix CEO showing great leadership and marketing
Tronix will retest price next week! Any better ideas? Thanks!
BINANCE:TRXBTC has almost completed its correction. It will most likely touch the long-term trendline and if we can maintain support there, then we'll have our next rally upwards.
Fibo levels are checking out + higher lows- before you buy in, keep the last lower top in mind. This indicated the abscence of buying power, and might also predict not enough volume to break through the indicated fibo resistance in the first place. Keep your eyes out for those levels and act accordingly :)
Tron had a great run, followed by a 50% pullback. Indicators show that this pullback is (almost) at its end. Stop-loss: 800 Satoshi Target 1: 2047 Satoshi Target 2: 2540 Satoshi
After drawing up several accurate charts I thought it was time to publicly show them and get other traders ideas. Possibly to prevent me making a costly mistake in the future as well. I appreciate any feedback. I've charted TRX to reach over 2300 Sats in the next 36 Hours. Here's hoping it plays out.
People were very quick to turn bearish on this Alt but the move was needed (see my old analysis). Came into the regression channel and bounced off the centerline like a champ, indicators are giving a very positive divergence in comparison to the sell off IMO looking to move higher with news on the horizon and a coin burn coming up sometime before March ( end of...
Following the fibonacci and correction wave with cumulative events coming in the next few days (announcements with corporations from NASDAQ(Apparently) however following their team its hard to dispute the possibilities.
Hey new user publishing his first TA! Still learning and playing, thought id post for some insight and thoughts? Starting to look good for TRX? Cheers!