TRX is currently in a quite bad pattern and the potential for reversals is quite large and we should be careful because TRX may fall sharply to the 0.0145-0.015$ zone or even deeper like 0.01$ Only consider buying TRX if it breaks the strong resistance zone at $ 0.01862 for the target of 0.027$ in August
Hi guys and gals hope you are doing well and welcome to the new update on Tron coin. Few days back TRX coin was likely to break down the channel’s support but this week it is again entered in the channel. Even though TRX was moving down with Bitcoin and all top alts to break down the channel but the release smart contract privacy protocol was scheduled on 7th July...
Let's imagine that Bitcoin is moving up. If so, TRON coin can give us a possible buying opportunity. Let's look at the daily timeframe. The price bounced from the support zone formed by SMAs with different periods and the local uptrend line. Now the price is at the weekly downtrend line, and the price action at this zone will be able to give a trading signal. If...
Bearish Cypher >> It is not an Investment Advice. It is for Tracking Purposes
TRX has a super strong support at 0.0165-0.0167$ and this zone may push it up to reach 0.02$ in next days. After broke the 0.02$ zone, its target should be 0.027$ before July. It will be very dangerous if drops below 0.015$ but I think this possibility is not high. The major trend is still UP!
Hi guys hope you are doing good. In today's article we will watch how the Tron is completing the setup for the long term bullish rally that can take the price action of TRX to $1. Up channel, moon phases and EMAs: The price action of TRX is moving within an up channel since after mid of March 2020. During this bullish move the price action of TRX is using the...
Fourth resistance test for Tron, a potential break up from the range for a 15% swing trade
TRXUSD is trying to overcome $0.016 resistance, quite a strong level as you can see on the chart. Although I'd like to mention it's not completely right to review TRXUSDT instead of TRXBTC when bitcoin that bullish. But anyway, IF we'll break through it, I plan to long a retest (like in previous time), targeting 0.0185 BTC. Observing ETHUSD and its rapid...
Hi friends hope you are well and welcome to the new update on Tron. After the drastic drop from Feb to March 2020 the TRX has started the recovery rally like all other top coins. On daily chart the priceline has formed an up channel for the upward movement and recently on 10th and 11th May we have witnessed strong bearish candlesticks. And at that time the TRX was...
Transition between 2.618 and 1.618 fib levels saw a bullrun prior, will it see a bull run this time? Looking for a breakout
TRON is showing some bullish signs, like many major alt coins. 4H chart. Alligator is eating bullishly, (jaw lips and teeth are separated) Sitting above the .236 fib line from retracement from last top Trading preciously along 1/1 Gann line, I expect a movement into the 1/2 area.
A big descending triangle move: Since November 2018 the price line of phone is moving within a descending triangle. On weekly chart after the recent strong bearish trend the price line of TRX is again reached at the support of this triangle. And now we have third candlestick that is hitting at the support. The first candlestick that has touched the support of...
In my previous idea the C to D leg of Tron / Dollar was retraced between 0.618 to 0.786 Fibonacci and was likely to form bullish cypher as below: But now the D leg is extended bit more upto 0.886 Fibonacci and forming a shark pattern. Now the price action is entered in potential reversal zone. I have used Fibonacci sequence to set the targets: Buy between:...
Bear Move And Formation Of Wedge: From Jun 2019 to Sep 2019 after taking more than 70% drop the world's 11th largest cryptocurrency Tron is moving in a falling wedge now, the formation of this chart pattern was started from Oct 15 2019 the in mean while the priceline of TRX has touched 5 times the support of this wedge and hitting 3rd time on the resistance of...
Formation of BAT: On September 2019 the price action of Tron started the formation of bullish BAT pattern this pattern was completed on December 2019. After completion of BAT it was expected that TRX will take the bullish divergence from the potential reversals zone of this bullish BAT and it will soon enter in the Fibonacci projection area of A to D leg from...
Daily chart:TRON/USDT at EMA50. 0.1820/0.1710 Fib support zone. Disclaimer: We are not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature, and are therefore are unqualified to give investment recommendations. Always do your own research and consult with a licensed investment...
Harmonic Bullish Shark Move: On Sep 2019 I posted that on month chart the Tron has completed a big bullish Shark pattern, the formation of this harmonic pattern was started since Sep Nov 2018 the price action of TRX was driven perfectly as required for Shark pattern as below: After inertial leg (X to A) the A to B leg was retraced between 0.382 to 0.618...
Hi Traders Looks like Tron will go for another upswing on TRXUSDT 4h. In a continuos uptrend since 3. January (on the chart since 10th but thats for visual reasons) bulls will probably push up further. How far can you expect it to go? As shown on the chart first TP should be the top of the last upswing. The second TP could be put on 1.272 of the fix extension....