Tronbtc
TRX/BTC, bullish divergence (RSI)Hi everyone,
My last analysis on TRX (Tron), one of the biggest project in the crypto world was few months ago (check the link below in the relative idea).
In this one, I talked about a potential run with 250% profit. This run has ended around 850 sats, and then Tron looks found a good support at 570 sats (570 sats was a the previous resistance).
I found a RSI bullish divergence, with a potential bullflag. This bullflag could end this week with a pump toward 660 sats as first target, then 700 sats. From this chart, I drew the next potential daily candles and realized this projection.
Thanks for your time,
Anthony.
I Nailed The Bottom AND The Top of TRX - Where To Now?Alrighty, it's finally time for a Tron (TRX) update. Things have been quiet on that front for a while (which is what happens during hype cycles). TRX is still one of the better performing altcoins during the bear market, no doubt about it. If you recall, I did indeed call the potential breakout WELL IN ADVANCE, as well as the likely top of the last cycle. No need to go into specifics there. My previous analyses on this pairing are linked at bottom.
As of right now, we've found solid horizontal support in the first area I was looking at for a bounce. We did get rejected off this zone, but there hasn't been much follow through yet. If TRX can get some good news and get BACK above its recently broken blue uptrend, then the correction likely has ended.
HOWEVER, during Tron's previous correction, RSI stagnated for quite a while in this current range. Additionally, the ultimate oscillator has not touched bottom again. This leads me to believe that if we can't get back above our uptrend soon, TRX will have to correct further to the next diagonal support (also in blue). This would put us between the 430 and 450 level. 430 was the MAJOR resistance we broke that allowed us to go on our run, so that should act as very strong support now.
In summary: A sustained break below 550 would mean a deeper retrace towards 450, while a sustained bounce at current levels back above our uptrend would indicate that we can try to test the 700-800 level again.
This is not financial advice. I do this for a hobby and educational purposes only.
-Victor Cobra
TRON and the shy 100 MA signal Trading Analysis (TA)TRON and the shy 100 MA signal Trading Analysis (TA)
1W Chart, TRON (TRX) on December 17 2018, on the begining of the formation of its 100 MA signal was able to cross it steadily heading north until January 21 2019 when exhausted of his rising journey started to deflate until today, when is facing the 100 MA signal again but from above, if the signal is strong enough could make it bounce back north, which is the optimistic approach, but remember "In this business if you're good, you're right six times out of ten. You're never going to be right nine times out of ten. I've found that when the market's going down and you buy funds wisely, at some point in the future you will be happy. You won't get there by reading 'Now is the time to buy.'". At this time the Market Cap is around the 129B. Good Luck!
1W Chart, TRON (TRX) el 17 de diciembre de 2018, al comienzo de la formación de su señal de 100 MA, pudo cruzarla moviéndose de manera constante hacia el norte hasta el 21 de enero de 2019 cuando se agotó en su viaje ascendente y comenzó a desinflarse hasta hoy, cuando se enfrenta a la señal de 100 MA nuevamente, pero desde arriba, si la señal es lo suficientemente fuerte podría hacer que rebote nuevamente hacia el norte, que es el enfoque optimista, pero recuerde "En este negocio, si es bueno, tiene razón seis veces sobre diez. Nunca tendrá razón nueve veces sobre diez. He descubierto que cuando el mercado baja y compro fondos sabiamente, en algún momento en el futuro se siente la felicidad. Pero para llegar a ese momento nunca leerá una señal que diga: "Ahora es el momento de comprar". En este momento, el Market Cap está alrededor de los 129B. ¡Buena suerte!
“I believe in analysis and not forecasting.” / "Creo en el análisis y no en el pronóstico".
REMEMBER: I am not a financial adviser nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. RECUERDE: No soy un asesor financiero y el contenido de este artículo no se presenta como asesoramiento financiero. La información provista en esta publicación de blog y cualquier otra publicación que haga y cualquier material que la acompañe es solo para fines informativos. No debe considerarse asesoramiento financiero o de inversión de ningún tipo. Se debe consultar con un profesional financiero o de inversiones para determinar qué es lo mejor para sus necesidades individuales.
#tron $TRX possible 50% short setup????Based off chart data highlighted from May '18 one could make the assumption that Tron (TRX) is headed for a quicker rejection at the ema50 from a ema100 spring this time around. With this setup a stop would need to be placed high enough to protect against any chasing buyers' wicks.
Happy trading
Slow stepsWe can see slow movement and low volatility in TRX.
This acumulation phase lasts for a month now. Volumes are pretty low which indicate not much pressure to sell.
It is holding its price well vs btc.
MACD has a huge wave waiting to be justified by the bulls.
RSI got the opportunity to get to a low level while still holding price above 500 satoshi.
100ema is now the crucial support.
If btc doesn't make fancy moves or Tron doesn't implement some new fancy features to attract new investors, I don't think we will see any crazy spikes till late August. But till then, many things can happen and change.
If trx bounces from the 100ema, it's a good time to buy. If it falls below, anywhere around 500 sats is a good buy.
$TRX #Tron is looking shaky today - Day Trader ExplainsHello Lads and Ladies,
Welcome back to TJ's TA Session.
We are taking a look at the TRXH19 pair on BitMEx today.
We are looking at the 4 hourly timeframe and taking a look at the candle chart first.
Looking at this one we can see two clear supportive uptrends.
The first one is at the closes of TRX, the second one is at the wicks of it.
These two trends give us an easy estimate about how we might be able to see future wicks or moves.
Nevertheless, here is the most important point about it all.
We are going upwards, without any volume and approaching the red upper band.
This is very simply increasing the chances of an upcoming retrace from around that price level.
One confirmation for this is that the upper band aligns perfectly with a significant resistance.
Here we are now simply filtering the noice out with our line chart, looking only at closes and confirming our idea of an increase without back up.
Then, we set up the entry targets used in the double staggering technique (marked in red).
The stop loss as it follows based on a sharp down on the bands.
Afterwards we identify our targets based on previous structure.
Finally, we set up the short measuring tool, which shows us the risk reward ratio.
The risk reward ratio is above 3, so we are executing the trade as planned.
This trade has been published before in my private learning group "ETG".
We are going over many observations and possible trades very frequently.
It is meant for only those who are really interested in becoming a self sufficient trader and learning about all the secrets of trading.
Should you be interested in the ETG or the indicators I use, join my discord channel and say hi in chat, then I will give you a free trial for which you might be interested.
Like and Follow me and you will find this page interesting because I am a TA expert and professional day trader in crypto since 2012 that does daily updates and new posts about the hottest and most discussed coins.
Cheers TJ
hedge for long positionsWasn't in a btc long, but was in an ethbtc long since .033 and still riding it out, and TRX provides the most bearish set up on bitmex that I could see
TRON/BITCOIN (TRXBTC) LONG BULLISHThe TRON bulls have remained strong since the New Year has elapsed. The project has survived the immense FUD that was unfairly postulated by haters and pessimists. During its bear market period since ATHs of 0.25 the TRON foundation has made fantastic progress - always keeping ahead of its agenda. The TRON ecosystem will continue to grow as more users flood in and the DAPP floodgates open up.
This is not a project that you want to miss.
Bye Tron1) Huge daily Bearish divergence
2) Triple Top hitting resistance
3) Failed and manufactured pumped
4) Unsustainable price action
Targets - 640, 580, 500
Confluence between fib ranges and support areas.
BTT BITTORRENTBTT continue up coming from 9th , this last wave , so you must conscious
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