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...
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...
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...
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...
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...
TRX isn't on many radars as it has been pretty dormant the past couple years, but long periods of low volatility often lead to powerful spikes. You can see the falling wedge in pink that TRX has been bounded by the past couple years. But Bitcoin's latest surge has brought some life to alts and has TRX knocking on overhead resistance. You can see that the weekly...
TRXBTC is testing the weekly resistance. If the price is going to have a breakout,
According to Plancton's strategy (check our Academy ), we can set a nice order
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h...
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...