I've been looking at TRX for a while now slowly watching it bleed. Are we near the end of the retracement waiting for that leg down from BTC? Short-term bearish until sub-wave 5 is complete. I'm new to Elliott Wave so take this insight as information only and not advice :)
New low or not, still looking for a bottom. If nothing else but basing it on the EXTREME level of BTCUSDSHORTS. We have never seen these levels. Bears are all-in!!!
Orange line is BTCUSDSHORTS
Everything is screaming that a bottom is near or in place.
TRX has fallen back within a descending triangle that is getting tighter as we move down.
Last month, the price hit the top resistance of the triangle and plummeted through the $0.018 support and bouncing hard off at $0.012. The bounce was enough for TRX to nearly get back to $0.018 but was denied and has since fallen back to $0.015.
Considering the stochastic ...
5 Bands show 5 signals. the lines are simply to show the bands.
Band5 at top is slowest reacting, Band1 is quickest.
See band current color, if green then bullish. Use one, some, or all bands.
Use Strategy tester tab and script inputs to see signal's effectiveness.
Disclaimer:Not trading advice.For education only.
TRX is essentially used to pump ETH;
it must first reach a high enough price, so when it is used to with ETH/TRX, it dumps slowly pumping ETH;
you can see a light candle forming for TRX/USD, you can see ETHBTC forming a similar one but not as defined but close behind
when you start seeing TRX move (it means ETH is preparing to launch, similar to LTC, you'll see ...
TRON (TRX) is a decentralized platform that leverages blockchain and peer-to-peer network technology in order to facilitate the sharing of entertainment content. TRON aims to disrupt the $1 trillion global entertainment industry by connecting content creators directly with customers, cutting out middlemen like the Apple App Store and the Google Play Store.
Our last short TP = 0.014110 has been hit. At this point neither 1W (RSU = 40.809, MACD = -0.007, Highs/Lows = -0.0041) or 1D (RSI = 39.536, MACD = -0.002, Highs/Lows = 0.0000) are as negative as anyone would expect based on the collapse of the crypto market in the last 15 days. The Lower Low sequence on 1W clearly supports now, the downside seems limited and the ...
Tron/Usd shows it got a ways to go. They are taking most of these coins all the way down to where they started pretty much. Like always be patient and protect your crypto.
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in my last analysis, I wrote: “trx is going down for a final, painful sell-off. The ideal turning point would be the region around 0.009! So, stay sharp for an entry at the bottom!” This is absolutely possible, but now I think, there’s even a good chance, that we have seen the turning point already!
BUT: be careful, because this scenario is not ...