As you can see on the daily TRXBTC there is a huge cup and handle potentially at play here.
With Justin Sun constantly trying to pump Tron who knows?
If Tron is able to get a bit more momentum against BTC around the 0.00000250-280 region who knows what could happen?
If you look closely the handle in its own right this could also play out its own C & H.
trx/btc trade setup
2x to 5x
trx/btc long entry :-213,219
stoploss :- 205,
Remember: This is not a piece of financial advice. All investment made by me is under my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
happy trading ...
Tron vs Bitcoin (TRXBTC) has a good looking chart which points to higher prices.
We can see here a correction that lasted 85 days since early May until late July.
This chart is similar to most of the ALTSBTC (Altcoins vs Bitcoin) pairs that are yet to hit new highs.
Despite Bitcoin's recent drop, this pair and many others are set to move higher... Something is...
A quick post that I thought was worth mentioning. Tron reset the RSI correcting ~13% since last night. When I saw that it was sitting on a confluence of support level from several different trends, I couldn't control myself and bought some more TRX at this 222 sat level. Bitcoin just had a little shakeout to $46750, but maintained it's bull flag. If it can show...
Monitoring this break out to see if we follow through, so far it has all the signs of an imminent follow through of the break out which happened earlier this year. We could see a very big move up here as NFTs become easily accessible on TRON through Kraftly.io and other platforms (potentially OpenSea?), lowering the cost of minting and listing NFTs by 100 fold...
When doing fundamental analysis into a stock or in this case a coin – you need to appreciate, it is still a company after all. So, your fundamental analysis should include, taking a deep dive into the available information. You might want to review the project use case, the team, and the money the project has raised so far.
As you can’t really do technical...
Tron has just crossed the 22-day moving average. If the current trend continues and volume rise next few days, expect around 25% profit. The first target would be 260, second 280, and SL around 185-190
As you see on the monthly trendline we've broken trendline and retested with a nice outside bar( orange bar) which is very bullish the next months.
My target is around 2.20 dollar.
Am I crazy to follow this ? No, because Tron is a volatile coin and it can go really fast when altcoin season starts.
Remember , when everyone start to desbelieve, then it will...
TRXUSDT is consolidating in a Descending symmetrical triangle line.
Breakout is imminent.
breakout above the symmetrical triangle's inclined resistance.
Possible price actions and targets are indicated by the arrows on the chart.
The Elliott Wave theory is a form of technical analysis that looks for recurrent long-term price patterns related to persistent changes...