This is an update to my ongong TRX analysis linked below.
It is finally approaching some key support zones to watch.
Now we just need to wait for bitcoin to rest so alts can run.
536-547 would be aggressive long entry.
501-510 should show a bounce at least.
445-451 looks ideal entry with tight SL.
410-415 could well be Bull's Last Stand.
I was watching...
TRX into our buy zone and holding very good above the EQ of the Demand Zone. Bullish Divergence on the oscillator and sweep of the lows are also two factors of confluence for this bullish bias. As soon as TRX climbs above the Demand Zone we will look for longs.
Spotted a possible large elliot wav e in trxbtx, i always analyse with many about 12 time inte3rvals, sometimes more sometimes a bit less. So i can say this would fit nicely in with what the chart is doing on the 21min as much as it does fiot oin on the 134day chart. Not to say it will deffo happen but iots...
I'll keep this one short.
Low volume rally after the rejection candle two weeks ago.
Bearish divergence on all momentum oscillators (daily timeframe) showing the uptrend is slowing down and nearing the exhaustion.
Might make one last push into the red zone (not necessary, but possible), and then I expect a deeper correction down to the targets below:
My last analysis on TRX (Tron), one of the biggest project in the crypto world was few months ago (check the link below in the relative idea).
In this one, I talked about a potential run with 250% profit. This run has ended around 850 sats, and then Tron looks found a good support at 570 sats (570 sats was a the previous resistance).
I found a RSI...
TRON (TRXBTC) is finally sitting on support after a month and a half long retrace.
Right now, TRXBTC is sitting at the 0.786 Fib. retracement level with the MACD and RSI both going flat and starting to curve up.
We also have a falling wedge pattern (in purple) which is bullish in nature.
So TRXBTC is almost reaching its breakout point.
TRON's price can still...
TRX/BTC has formed a Cup & Handle formation on both the 1D and Weekly time-frames'. Generally, i am not a huge believer in these formations, however TRX/BTC seems to be ticking most of the boxes at this stage. There is a very clear cup, at level price-action height, and a nearly fully formed handle. This pattern is only relevant at the higher time-frames such as...
After trading cryptocurrencies daily on Bitmex for over a year and a half, I have learned to value quality Bitmex signals and consistent wins over the amount of trades taken. Often times, waiting for the best moment and letting the trade come to you works the best and safest. That is what we will do today, wait for the best spot to short TRX...