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Tronbtc

TRXIn a very quick analysis... A bat has been made. But, there's a chance to drop a bit more.... less likely anyway. Target on GreenBox... or yellow line. MACD converge and bullish cross SRSI almost oversold. All (8) EMA's above the price. ++If we watch my old charts of TRX, we will clearly see that it is right back in the ground++ Educational Only If you like my ideas, please hit Like, leave a comment, share them and follow me for more! GoodTrade -CJ- Just in case you feel generous and wants to share a bit of your profits with me Thanks BTC: 1DQinHVrv8SEjJR81swwuKpK4msz3ULYd9 TRX: TMaei46gfPMpmSCxNsYUS4CTPi3Lx7jQoC
Long
by CristoJaraba
17
#TRON #Crypto When Will Bulls Take Over?!Hi guys, Today I have brought you TRXUSD in the 4 hour chart. TRX also made a move higher the recent days. With the move higher it was able to clear some important trendlines to the upside, those breaks can be important for a possible rally to the upside. Indeed I think at this moment that Tron has a big potential to reverse higher in the coming days weeks or month however you want to call it. It is sitting at an important level where bulls can take it over. But for this view we still need some time for a confirmation. I have drawn you 2 possible scenarios in the chart above. I am looking at any of them. But important to mention is that in case it breaks for any reason the 0.031080 lows, then this analysis will be invalid and we can still see more downside. But lets wait for now and see what TRON will do in the coming days. Also Tron will reveal some important news in another 10 days. (TVM) Lets see. Hope this helps. Cheers and trade with care Disclaimer: Trading is about going with the highest probability, nobody is 100% right and we need to protect ourself in case we are wrong. That is why we need to always use a stop-loss when trading. Trade with care. This my current view, and any view present is not a trading recommendation just personal view.
BITFINEX:TRXUSDLong
by TradeFxTrends
Tron (TRX/BTC) bears dominateThe 4hr timeframe of Tron (TRX/BTC) as shown below is annotated and the numbers indicated on the chart are discussed below in an ascending order: (1) This is a falling wedge that captures Tron’s price action between May 12, 2018 and July 12, 2018. The chart pattern is bullish (albeit not 100% of the time). Termination of the wedge falls on the major bullish trendline for Tron that is discussed next. (2) March 18, 2018 (not shown here), July 13, 2018 and July 18, 2018 are pivots used to draw the major trendline for Tron. At least 2 points required to draw a trendline therefore means that the trendline as drawn is valid. Expectations would be for Tron to find support at the bullish trendline and price resume bullish action. However, a close below ~0.00000509 would imply further move to the downside as that would mean a breach of not only Tron’s major trendline, but also the current consolidation in price action. The dotted black line indicates a bearish trendline in Tron established from ~June 19, 2018 to July 18, 2018. It is important to note that the trendline intersects a horizontal region of overhead supply (i.e. resistance) therefore increasing the odds that sellers currently dominate between 0.00000629 and 0.00000588 as indicated on the chart. (3) The relative strength index (RSI) as shown here has a positive rising slope which implies potential bullish action for Tron. However, this is negated by momentum on the Weekly tf. CONCLUSION: Based on the observations above, this analysis favors a consolidation at best for Tron with further downside (sell) awaiting Tron (TRX/BTC).
Short
by Coin_Analyst
Bulls need to rest, breathe and make a definitive move higher.We have had plenty of these moves before. To further this move we need a convincing break through the 6800 neckline. From there I would be bullish if we then retested the level and bounced higher. Right now we are a bit extended and in need of a cool off. We have seen this before like i said. Bitcoin makes a move up as it is on its way lower after a period of depression, a news story comes out after as though it were the catalyst (actually seems more like backfitting), and everyone starts calling it a bull reversal. Bitcoin has had decreasing volume, as we move higher on these pops the divergences become more apparent. Immediately people start sharing news stories such as the Blockrock story. It didn't take long for BlackRock to come out on Bloomberg and refute the claim, and explain the true story. It seems like everyone is waiting for the smart money to enter, as if we all have a chance to hop on the rocket ship that they will fuel. If anything seems that easy, it probably isn't likely to go as we think it will. Thats not how smart money works, odds are they have been accumulating in some way well before all of this. The problem is going to boil down to psychology and be a battle of human behavior. Many people who have lost a lot of money and are still holding bags. As we try to move higher these people find their break even to exit. I will become bullish on bitcoin again when we show convincing increase in volume. When the level 2 and Sales flash as they did during the peak. I have no problem entering after the move and missing the first 20% (If that happens). As per the ETF. I would say on balance of probability, Its chance of being approved is about 20-25%. Right now large investors are waiting for strict regulation so their custody concerns can be squashed. Final thoughts - Need a convincing break above 6800 and the 55 EMA.
by UnknownUnicorn2073191
TRX - Technichal AnalysisFirst of all, we are seein that the Tron break down the primary trend support. But at this point, Trend-Based Fibonacci Extension working as a support well as you seen. I need to explain that the white lines are Fibonacci Retrecament lines and the colourful lines are the Trend-Based Fib Extension lines. Watch the indicators (Ma21, Ma50, Ema144 and Ma200) and consider about your own risk, but never forget that this crypto currency is under the line of primary trend support.
by SlckZybk
TRX - Technich Analysis First of all we seeinf that the $TRX is breaking down the primary trend support. But at this point, Trend-based Fibonacci Extension working well as a support and TRX trying to break Ma21(Simple Moving avarege21). If she break the firsMat indicator (Ma21) resistance in next days, she will try to do same thing for Ema144, Ma200 and Ma50. By the way, the white lines are the Fibonacci retrecament and the colourful lines are Trend-based Fibonacci Extension. Hope that these sign will help you to take your position while you considering about your own risk.
by SlckZybk
Tron (TRX) Final chance for breakout before drop to 430 levels.As much as I would love for TRX to act out on the B-886 pattern and have a reversal, we seem to have strong resistance each time we approach the trendline. This, combined with the bearish BTC market, means that the chance of breaking down is going to be pretty high. We are in a downward trend so predicting the bottom can be quite risky. However, we are getting into the oversold territory on the daily, and on the four hour chart we have a very strong bullish divergence. I tend to trade all strong bull divs, therefore I will be entering this trade. Buy in price: 507-524 Stop loss: 499 This is a risky trade, but it is very tempting, and the stop is very close to my buy in, therefore I am perfectly fine with entering. Should have a breakup or breakdown in the next 30 hours. If you want to trade the breakout, wait for TRX to cross the white trendline, then form a bull flag at the very least. We have had 2 false breakouts so far. Thanks for viewing! Please leave any suggestions/criticisms in the box below.
Long
by HD1184K
5
TRON IN DOWNWARD WEDGE PATTERN - CryptoManiac101Here we have TRON in a downtrend wedge which usually breaks upward, however since we have a probability of continuous drop to our demand zone, we must be cautious with this one. News, releases don't matter right now to this market, so don't get your hopes up based solely on that. Patterns don't follow news or FUD. Be patient, TRON will bring prosperity to us if not in this cycle, maybe in next one which will be starting towards August. As of right now, indicators are bullish, but SL might be necessary for short term or risk minimizing investors! Enjoy this trade advice my Crypto Maniacs, but remember to invest only what you can afford to lose or you're going right back to poverty on drop. We are not your financial advisors. Here's our previous TRON chart with butterfly patterns which was 100% correct
Long
by CryptoManiac101
9
Tron about to M O O NHello everyone. It's been a while ;) Welcome to the analysis of my favorite holding, Tron. We've been in a slump ever since May 26th - RIGHT before the Main Net release. We are forming a Bullish descending wedge. The structure is becoming very tight and a breakout up or down is imminent. Considering this is a bullish formation, I believe we're headed UP UP UP. The RSI is in oversold territory but recently formed bullish divergence about a week ago. This is an indicator of potential reversal. The MACD also shows bullish divergence. Although it is currently curling down, data suggests this will not last long. Buy-in targets: 525 500 475 Profit targets: 578 726 846 1038 S/L 460 This is not financial advice. Good luck :)
Long
by deactivatedaccount123
40
Tron (TRX) Bullish B-886 Pattern, bullish divergeance formingFrom my last idea, I was the first one to call the Bullish Bat (0.886) and right now it does seem like it was a correct call. As long as we can bounce from either the current level of 540 or the 520 sat level, TRX is looking to be a very strong buy. Make sure to have a stop loss underneath the 524 level however, as a single Bitcoin drop can negate this trade. Buy-in: 524 - 544 satoshis Sell Targets: 750 satoshis 820 satoshis Trendline formed from A & C Stop loss: Under 520 satoshis. Since this pattern will be invalidated if it drops below. Time frame: Likely over a week. Thanks for viewing! Please support my idea if you agree & leave any comments/criticisms in the box below. The link to my last idea can be found below.
Long
by HD1184K
5
TRON is finnaly ready to show us some Bullish moves.Hey, I am back with another Technical Analysis, this time again looking at Tron. Tron had succesful main net launch and strong fundamentals , great community and great project. Tron has hit 1000 area twice , and after that the profit taking downtrend has started, there was one great preparation at 750 level in my another Tron idea , which has failed to breakout, but I have suggested to put tight stop loss , as Bitcoin could still have dipped more and even had , so the finding of another support has begun. When I look at the chart I can tell that 575 is a really strong support for Tron, where it held for 3 days and bound of that level. That means 575 acted again very strong. Stop loss under 560 even thought I dont like stop losses. Lets look at Indicators. RSI shows demand uptrend. MACD shows overall uptrend about to intersect, buyers will be in dominance over sellers soon. EMA trend change if Tron can close above 600. S o I think thats about it.. If you have any Questions feel free to ask me down bellow or at my Discord channel, which you can find at my profile. Hope I made your view on whats going on with Tron somewhat clearer. If you like this Technical Analysis let me know in the comments, Likes are always aprreciated, Thanks ! If I see something worth to share on the chart I will surely do an Update.
by TiborVrbovsky
2