Here is a quick update to the TRON (TRXBTC) chart we published recently.
Here the trendlines have been updated.
At this point the following scenario is the most likely:
If TRXBTC can close above EMA10 (0.00000197) and remain above this level, it is likely that it can follow the green arrow.
On the contrary, if TRXBTC moves lower and closes below 0.00000185, it...
TRXBTC is forming a falling wedge on daily time-frame. In my opinion, Two scenarios are probable:
I) The price can break up the falling wedge and further growth will come.
II) The retracement and consolidation will continue until the price reach the last low. Since it seems that the long-bearish move for TRXBTC is over, So we can expect that the price goes up...
TRX has been ranging inside of a falling wedge after hitting recent highs of 245 sats. TRX recently touched the bottom of the trend line today and I expect a rise from here. TRX is looking for a green candle to confirm the reversal up to the top of wedge and possible bounce OUT of wedge and UP. If the bounce out of the wedge does come and the possible buy...
Critical point here as we can not confirm the wave 4 down has completed...and it's getting uncomfortably extended to even be called a wave 4 if we shoot below the .618~, It's a clear Zig Zag as we can see and may have bottomed out but we need to start moving up from the low made previously to remain bullish, If we fall expect to land somewhere in the box marked...
TRON is still trapped inside this downward channel and holding the 100 Day MA as support.
This long deep pullback will be tested within a week once the price consolidates near the end of the pattern.
Will TRON break bullish or bearish? I am not going to enter a trade here,
I would rather wait for a breakout to reduce the risk of guessing.
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...
- Forming Bullish Flag in 6hrs Chart..
- Volume is Increasing & Indicators Are Turning Bullish as Well..
- Grab Some & Hold it Low Risk..(Expecting Breakout)
Buy Between 188-192 Sats
Sell Targets 202-210 Sats
Stop Loss Below 180 Sats
Buy With 5% Portfolio..!!
Please, give us your opinion in the comments.!!
If you like the idea, please,...
TRON (TRXBTC) might be done with its retrace, but it is still too early to know for sure.
We can see that TRXBTC is moving within an ascending channel, slowly printing a beautiful uptrend... Prices can go up from here.
Potential scenarios for TRON (TRXBTC)
If 0.00000191 holds and TRXBTC moves higher, it is very likely that it will continue to climb up and...
Tron (TRXBTC) is making higher highs, resulting in a Rising Wedge formation.
The price broke the Resistance Line at 0.00000184. A close of the 4h candle above this level confirms further bullish movement.
Expecting to reach Target I 0.00000192 - 0.00000195 and Target II 0.00000199 - 0.00000203 soon.
Leave a thumbs up if you like my idea and let me know what you...
TRON (TRXBTC) is on a clear uptrend and continues to grow.
Looking at the last bullish move, it printed a higher high and is showing signals of going further.
EMA10 continues to hold, while EMA100 has been conquered and tested as support.
Where will TRON go to next?
Take a look at EMA200 (0.00000262) or the 1.618 Fib. extension. This is our next and main...