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...
TRX (Tron) did break out of the last downward pointing triangle, as expected. Sellers were too depleted by that point, as we can see by squeeze occurring toward the apex of that triangle. It broke out slightly, with some large volume, but since has trended back into a pattern that may be another, albeit smaller downward pointing triangle. If this is the case, we...
TRON SHOWING A OBVIOUS CUP AND HANDLE PATTERN. YOU CAN READ THIS EASILY ON MACD.... I HIGHLIGHTED IT IN MAGENTA.THIS IS HOW MY SCREEN LOOKS WHEN TRADING IT WILL HELP YOU. LOVE CHRIS MOODYS INDICATORS RSI WITH MACD DRAG THEM ON THE SCREEN AND PULL UP A SHORT TERM CHART AND USE THEM TO EXIT AND ENTER TRADES. GREAT FOR PATTER RECOGNITION.
ALOT OF MONEY AT 408 FIBONACCI LINE AND 400 SATS
TRON has huge long term potential, but here we will observe short term movement. As you see on chart we have falling wedge like movement which most of the times results in bounce up! With that said it is difficult to correctly estimate how severe movement will be this time. We know that we expect massive amount of positivity from TRON and Justin Sun with 10X...
TRX EVERYTHING IS CLEARLY LISTED.... WE BROKE UNDER MAJOR SUPPORT THE 38 FIBONACCI WHICH HAS HELD WELL RELATIVELY.... THE 100 DAY MOVING AVERAGE IS DIRECTLY UNDER THE PRICE ACTION RIGHT NOW AT AROUND 380 COULD BE JUST WHAT WE NEED. HOWEVER BEST TO UNDERSTAND THE OPTIONS. DOTTED GREY LINE IS THE MIDDLE OF THE CHANNEL. WE HAVE HIT BOTTOM TWICE AND TOP TWICE.... WE...
TRON ABCDE DESCENDING FLAG CAUSING UPWARD BREAKOUT OR BREAKOUT FROM 400 LINE HOLDING WHICH IS UNLIKELY
If wave-1 turns out to be or is believed to be the longest wave in the sequence the second wave cannot retrace mush more than 38.2% of the first wave. If the first wave is not longest wave the lowest point of wave-2 can retrace as much as 99% of wave-1.
Tron (trx)buying zone will be 320-380 sats its dumbing hard and I think it will dump more dips because the chart is full of bearish 100day red SMA crossed and stay above which is not good sign, no trend in trx buy at buying Zone targets will be 1st 650 sat 2nd 940 sats 3rd 1260 sat good luck stay bless