TRX is favorite of many of the people and i was asked to do a TA.. not much to say about TRX but as you all know BTC is being dump by whales and are killing alts. briefly looking at chart, it looks like a big falling wedge.. but only trade if you see a large volume + Breakout.
Chart is pretty self explanatory and marked with Fibonacci levels for profit taking.. i...
an optimist forecast considering that FUD doesn't exist, and Justin stops tweeting -_-. We will be seeing nice gains :)
how much lower can this coin get, honestly one of the most undervalued coins there is, and the potential to rocket is very high at this rate.
We have to keep in mind though that the price of BITFINEX:BTCUSD play a big role in the value of...
I'm back and will do charts once a week maybe.
Here is what I am noticing for Tron. A lot of different pieces are aligning for me to ignore.
Please use my charts as a reference. it's not an investment advice.
Dear Traders,
Let´s talk about TRON.
You and I are aware that TRON´s CEO had made a lot of post on twitter about great news coming, that´s what made TRON´s price go up that much back in the beginning of January. And what happened after ? A huge dip because nothing happened.
A lot of trader a stuck with huge bags of TRON hopping that it might go up again one day,...
A crucial part of my ALT analysis comes from Reverse cyclicality to BTC from date DEC 18 where they break previous levels. short list of alts include XRP TRX QTUM XVG SC RDD.... list goes on actually. TRADE YOUR FIBS WELL. MANY have a fib resemblance if you look for it! This analysis comes with btc return to 5k & 3k level hover for 6-9 months before return of btc....
We have a clear symetrical triangle, that previously looked like a head and shoulders pattern. As this depletes the sellers back closer the support line, we can see a break out may be imminent. While the degree of breakout is unclear due to BTC being the driving force in the market right now, there is a slight possibility in this being a decently sized 1-5 EW...
TRX's Current Situation.
Will explain in detail later but the graph shows everything, currently analyzing various coins.
Scenario: Ascending Triangle + Downward Trend Break
--- THIS IS NOT INVESTMENT ADVICE, JUST MY OPINION ---
Tron has been forming a perfect cup and handle formation. We can expect Tron to break out of the handle and look to the upside. LIKE if you agree!!!
This is not investment advice and is for educational purposes only. SmartCrypto LLC takes no responsibility for any trade losses or gains.
First of all, if you don't give us a like on this analysis, you will lose all of your life savings (believe us). Okay, so now, after you pushed the like button, we can go into the analysis. Volume is terribly low. RSI is on the 50 points and EMA(50) acts like a support. But very weak support. In our opinion TRON doesn't seem to make as big breakout as, for...
Having a look at TRX, as we begin March.
Things to keep in mind: a) test net launch, b) coin burn. - end of month.
TRX is tightening in a triangle, with a solid cup and handle forming (See yellow).
I'm hoping that within a week, we see significant increases in value.
Previously I had posted that while we broke out at the apex of a right triangle, we could be looking at another slightly downward triangle, which is noticeably smaller than the last. We also may be in wave 3 (which we know is generally the longest. If we are, and we approach the top of the triangle, we'll need significant volume to break through that resistance...
