Hey traders, today we're charting tron.. a very highly requested chart by followers.
Tron is looking very bullish right now, not only on the chart but fundamentally too. The announcement of the partnership with Samsung was HUGE a few weeks ago, and I think that was reflected in the price already.
We are in altcoin season, or at least the beginning of what it's...
Tron went exactly to the support area reviewed on the previous analysis, and now PA is inside a descendant channel with a volumed bear candlestick; thing that means this bear retracement is not over and lower supports need to be tested. Support trendline now is broken and became resistance (redline) in confluence with channel and EMAs (about to crossover). Next...
Which direction does Tron choose?
The indicators indicate that the market is suffering.
But Tron's historical past in the past year has been lucrative since January.
what is your opinion ?
olgooye mosallase motegharen tashkil shode.
had haye rosh ya kahesh elam shode.
#tron kodoom samt mireh ?
tebghe tarikh.... parsal....dey mah va bahman mah.......
Just like a majority of the altcoins, Tron looks like it's beginning it's alt season. We saw the bottom in late Sept.-early Oct. just like XRP. We won't see those levels again for a while..
I don't usually use indicators, but moving averages help understand what position the market is swinging, especially the 100MA (red) and 200MA (white).
In this case, they've...
TRON (TRXBTC) is moving within a broadening wedge and moving higher... Each time the bottom of this wedge is touched, prices move higher. When the top is hit, prices move lower...
Right now we can clearly see that TRXBTC touched the lower part of the channel (blue checkmark) and bounced to move above EMA10,50 and EMA100.
This opens up the potential for a bullish...
Exchange : Binance
Buy Zone: 0.0000022 ~ 0.000002
Target Point: 0.0000023/ 0.00000245/ 0.0000026/ 0.0000027
Term: Middle - Long
You should be careful in buying TRXTC because of Bitcoin
It`s trying to break Symmertical Triangle
The Chart and RSI are similar
If it don`t break Donw Trending Line now,...
Pattern: 1M Falling Wedge.
Signal: Bullish as the price is rebounding after the recent Lower Low. Potential 1D Golden Cross will validate the spike.
Target: 0.00000500 (a Fib retracement level lower (0.500) than the previous one (0.618).
Hello friends and welcome back! The price of Tron (TRX) is moving in a Descending Channel.
We will open a our position (Short) at the Resistance Line of the Channel with the Previous Low as our Target.
Pair: TRXBTC (Binance) / TRXZ19 (BitMex)
Entry: 0.00000215 or above
Exit: 0.00000186 or below
Capital Allocation: 25%
Duration: 2 weeks
TRXBTC failed to 220 level and showed the double top.
Three falling down tops says about weakness of upward trend inside the rising channel.
Additionally, MACD 4 weeks in sequence haven't raised.
Previous week is still in bearish merge.
Stop loss > 220
Take profit 1 - 196
Take profit 2 - 170
TRX is getting ready for its next leg up as potential Higher Low is now being set. uptrend market structure is still bullish since
previous Higher Low is still intact. I have pointed out in the chart where the price can go up.