Updated

Tron Update 3! Confirmed Breakout! Swing trade ideas.

Hello traders,

If you recall from my analysis, I mentioned that wait till the breakout confirmation before getting into Tron.
And today we just had a clear breakout confirmation (huge volume + large green candle)!

Now, Tron becomes more volatile, I would give you how I will be swing trading in next 10 days (before the mainnet release). However, some of those trades my be risky so please do at your own risk.

1) Buy around 876-880 Satoshi. This area has been major resistance for Tron for a week and breakout from this level is very significant for next rally. What I want to Tron to do is to confirm this level as a support before the next run.

2) Sell around 926-954 Satoshi. Next major resistance level is 900-920 Satoshi, and I expect Tron to surpass this level without any problem. Therefore, I expect Tron to go above this level, and then either retrace 23.6% or 38.2% to confirm 900 level as a support. (so reload again around 900 Satoshi range)

3) Following the same logic: sell 1092 Satoshi --> reload 1026 Satoshi

4) Sell 1200 Satoshi --> reload 1092 Satoshi

5) Sell 1438 Satoshi --> Close the trade. (feel free to reload at 1092 Satoshi)

This is just the prediction and depending on how the bitcoin moves, the target price range can vary. I will constantly post my target if there are any changes.

Happy trading!

Note

Seems like Tron found support at 876 Satoshi area and is forming bull flag.
The target for this bull flag breakout is 948 Satoshi.

Note

Tron just brokeout from the second bull flag. The target for this bull flag is 942 Satoshi. The target for first bull flag is 948 Satoshi.

I would sll some portion at the target zone area (green) for partial profit.

Note

Hello traders,

I am sorry for the late update. I was sleeping during this big movement. Looking at the 4 hour chart, we see that Tron confirmed that 989 level is a major resistance. Good thing is that Tron just bounced exactly at 50% fibonacci retracement which almost overlapped with my initial buying area. (I will take 923 Sats) Because Tron rallied slightly higher than I expected, I will change my second target to 1134 for now if and only if we see bull flag formation from here. From there, I expect it to find support at 1082 Satoshi. (about 4.6% swing trade) Once again, please do at your own risk. This is a very volatile market and any movement is possible. I will try to keep you guys updated as much as I can :)

Note

Tron is currently in accumulation phase. If you didnt catch <930 Sats, there may be another opportunity in next few hours.

Note

And there you go! Another below 930 sats entry opportunity! Chart never lies!!
After this development, my target still remain 1134 Satoshi, but there may be a good swing trade opportunity at 1045 Satoshi, as I expect Tron to reinforce 1000 Satoshi as a support.

Note

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Note

Let me just bring you a different perspective. Looking at the TRXUSD pair, we see that Tron is trying to breakout from both pink and blue bull flag. The target for pink bull flag is 10.2 cents and breakout from blue bull flag is 14.9 cents. The chart for TRXUSD pair is much more clear compare to TRXBTC pair so you can also use it as a guide.

Trade active

Bitcoin bounced at a critical support. We should be good to go for next few hours.
The target will be either 1127, 1186 Sats or when Tron hits 10 cents. I expect that will be huge resistance and need to accumulate for the last rally before the major consolidation.

Note

Ascending triangle turns into bull flag. The target still remains the same ~1130 Satoshi. Please feel free to reload at 1081 Satoshi.

x45lu

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