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For this particular analysis on Tron we are using the TRXUSDT symbol on the OKX exchange .
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The idea is on the 1D time-frame where TRX has been trading within the Support Zone of the Bear Cycle (0.04460 - 0.05100) ever since the FTX crash. On the bright side it appears that it has found Support and since June 22, every time (4 times in...
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For this particular analysis on TRON we are using the TRXUSDT symbol on the Phemex exchange.
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The idea is on the 1D time-frame where Tron has been trading within a Triangle pattern since its April 17 2021 market Top. Since then we've had two Higher Lows and another Lower High. At the moment the price is the closest it has been to a new Lower High....
Tron (TRXUSD) has showed incredible strength short-term since May 01 up until today. Even though it broke above the 1D MA200 (orange trend-line) yesterday for the first time since December 17 2021, the coin remains within a long-term Triangle pattern since the April 21 2021 High.
As a result it is still best to trade the Triangle (buy low - sell high) for as long...
TRXUSD may be at the final accumulation phase before a strong Parabolic Rally. It is trading on a Golden Cross on the 1D time-frame since mid September but is under the Resistance of the Lower Highs trend-line that started on the April Top.
We can see almost the same sequence printed from September 03 2020 to January 30 2001. The price was at the time trading...
The Fibonacci Channel since the COVID market bottom fits perfectly on Tron. The latest key technical formation is the Golden Cross (MA50 crossing above the MA200) on the 1D chart. Last time we saw this pattern was in June 07/08 2020. That draws inevitable comparisons with that fractal.
See the similarities of then and now:
* The Golden Cross was formed after the...
Tron has been trading within a Channel Up since the March bottom and has just printed a Bullish Cross on the LMACD of the 1D chart. Every time that happens, a respectable rise follows.
I am interested particularly on the December 2019 LMACD Bullish Cross. As you see the price action that preceded the Bullish Cross has fair similarities with the price action since...
Based on the RSI divergence and how the 1D MA50 and MA200 are trading, then yes it is possible that TRON is repeating the August - November 2018 sequence. The current Triangle is completed with one last dip towards 0.01000, which will be the opportunity for buyers to step in. Moderate Target: 0.023000.
The Inverse Head and Shoulders pattern I posted on early April has been completed and TRXUSD is now on the final accumulation phase before the major bullish break out of this cycle. I have two targets on this one: 0.03800 on the short term and 0.09500 on the medium term. The Inverse Head and Shoulders neckline should provide support during this process.
On the first chart (medium term) I've put TRON on the 1D chart, which is a bullish Inverse Head and Shoulders formation (1W). The neckline is obvious and is what has been providing the direction (through rejection and rebound points). One more Low around 0.02300 is left until the pattern aggressively breaks to the upside and towards 0.044 and 0.055.
On the second...
