TRXUSDT is showing a hidden divergence on the 2H timeframe signalling a potential end to its recent retracement. We target a return to the upper half of its trend channel.
Buy: 0.02300 - 0.02350
Target 1: 0.02446
Target 2: 0.02550
Target 3: 0.02714
Target 4: 0.02864
Howdy people :)
TRX has been a leading the charges this year with break-outs. As i see it here as the rest of the market is in a sideways consolidation with a good chance of making a break up, TRX is about to setup a H&S.
I have a quick spread of 3 buy levels here as I am taking this as my month gamble swing, so I have 2 levels in for the H&S, and 1 level down...
So far, we have been moving up and down in three waves. Outlined in green is another possibility, an Ending Diagonal for a C wave of a 2nd, with a thrust up on completion. So far, I don't see any impulsive moves to the downside. This all looks corrective to the last move up in wave 1 circle.
. Tron/US Dollar is in a range bound 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 43.
. While the RSI downtrend and the price downtrend in the daily chart are not broken, bearish wave in price would continue.
. There is a possibility...
Welcome back to my latest TRX Update, Here We Go:
The 0.02200 Long Target hit with room to spare (I have included previous analysis on 3/1 for comparison). TRX's movement followed my charting channel from the bear flag very well (blue and black dotted lines) and with considerable accuracy, I was able to update and enter slightly lower at 0.2120,...
I was planning on waiting a few days before I updated this chart but Tron Bears have officially sunk their teeth in. I have not adjusted the 50 and 200 MA that I have listed from the previous chart as this is a continuation update from the idea I posted on 2/28.
As you can see we have officially broken down below the 200 MA, the descending triangle...
Here is the next update to my Tron entry point idea published on the 2/24. I have added the fib retracement levels, and updated the descending triangle. As I had anticipated we are trading sideways and holding inside of the descending triangle. I am currently using the 50 MA (upper yellow line) and the 200 MA (lower yellow line) as a "trend"...
Currently ranked number 9 by market cap, Tron’s entire circulating supply is valued at $1,610,975,627. The coin is trading at 0.024 against the US Dollar having lost about 3.26% over the last 7 days. After failing to break $0.028 resistance Tron has been trading almost sideways, albeit with a bearish bias, and now below a key bullish trend line.
For the time...