Added the additional horizontal red dashed & dotted lines.
Looking at the cheapest cryptoassets in the market.. $TRX is definitely undervalued compared to a lot of the other DeFi platforms !
As we have seen before with the others. They are clearly in an uptrend . However this one tried and is now in a correction slowly growing back up
I am currently not adding...
- Tron is breaking out of the falling wedge on the weekly chart
- Wait for the symmetrical triangle breakout to enter a long position
- Wave 1 and 2 seem to be completed, now I am expecting huge 3rd impulse wave to the upside
- 0.21 USD is an ALL TIME HIGH resistance
- Check my analysis on TRXBTC pair in related section below
If you want to see more of these...
TRON 2021 TARGETS
If the 50 cent resistance breaks,
the possible targets for 2021 are:
TP1- 0.10$
TP2- 0.34$
TP3- 1.45$
TP4- 305$
TARGETS 3 and 4 will ideally be possible.
STOP LOST:
UNDER 0.02$
TRXUSD D4: 50% correction TOPPED OUT / SHORT RIPS (SWING)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup
::: TRXUSD 4days/candle chart review/outlook
::: SWING trade setup for position traders ONLY
::: long-term accumulation in progress
::: BUT topped out for this cycle already
:::...
In order to take advantage of a trunk move we must wait for the price to break the accumulation zone with wide range candles.
We can incorporate once the price breaks the accumulation zone,
if it returns to the bearish divergence to look for support and leaves us with a pattern of turning candles.
I called it's 20 percent gain not to many days ago. Based on its retracement since I think it could be looking for a shot at over 4 cents. A strong pattern very similar to it's last trip to 4 but more solid indicates to me that it's next leg up on the 4 hour chart will take us over 4 cents and settle around the level of it last run up .037 after retracement.
Price for TRXUSD is currently forming a flag pattern
after a big drop to the downside.
It has the potential to go higher to test the
top of the flag/resistance,
overall bias is to the downside!
Tron looks like it's following a pattern a lower low on the wave pattern followed by a higher high. As you can see the lower low just happened. Over the next few days i expect to gains of 20% or more.
