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Tronbtc

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
Tron - the decision timeTron is approaching key moment that will decide price action of this coin in the near future. After it broke through 0.00000615, a key horizontal support coupled with the key 61.8% Fibonacci support, the coin closed comfortably below both levels and it stopped at the multi-month trend line that provided support to the coin. Since the trend line provided more support to bulls, the coin is now coming back to re-test these levels but now in the context of a resistance. Furthermore, Tron is also feeling the bearish pressure from the down slipping trend line around the current levels. So in general, the coin is currently facing triple resistance. All in all, it is a decision time for the coin. If there is a significant break above 0.00000630 then we can look for a bigger move to the upside since many bears will be out of the game as their stops are placed just above the triple confluence. If, however, the coin rotates back lower, it will only reaffirm the importance of this level and you can for sure expect another test of the support trend line and, I would say, a fair chance of another break. This would be a super bearish scenario that could ultimately take the price even below the 0.00000500 level.
by WhaleAgents
1
Tron (TRX) Bulllish Bat (0.886 or 786)I've noticed that TRX may be forming a Bullish B-886 pattern. This probably cannot be relied on, but if it does go through and can hold the 524 levels, it is a good time to buy in. If it does hold the 600 sat level, it could be an imperfect Bullish G-786 pattern. Either way, TRX is looking very promising in the short-medium term. Therefore, if it can hold 600, buy in there with a sell target of 844. If it drops below 600 but holds 524, buy in there and set a sell target of 823. Therefore, have a stop loss at 600 and 520, respectively. And according to one of the top tradingview Bitcoin analysts, we will be above 6000 probably for a while, so this trade may be safe to take if you believe bitcoin can hold or exceed its current levels. Tron is also going to announce a "secret project" in around 26 days, so perhaps that may influence the price. Thanks for viewing and please leave any criticisms in the comments below.
Long
by HD1184K
Tron (TRX) At support & "Secret Project Launch" next month.Currently TRX/BTC is hovering at the strong support of around 630 sats. However, as Bitcoin has been suffering this month, and the market has been exceedingly weak, we have reason to believe that unless the market has a short term correction, we will be breaking the support and continuing the downtrend. This will be obvious if we do not get a bounce soon, and the smaller the bounce, the more bearish the coin will get. Therefore, if you do hold TRX, set a stop loss for 600 and prepare to buy back in near the 500 satoshi mark. However, if TRX can hold 600, it is not a bad move to enter a small position as we have positive news about TRX being accepted by Pornhub, as well as the acquisition of BitTorrent. On a side note, we see a bullish divergence on the 1 day chart, so this may be the bottom if Bitcoin can hold above 6000 dollars. And currently according to a certain web article, Justin has revealed he will be revealing a "secret project" on July 30th. I believe this will be on July 29th for people living in North America, and if Verge has shown us anything, I believe that purchasing a small position to see how the news plays out is not a bad idea. If you do hold TRX, set a stop loss: 600 satoshi level to protect yourself if it breaks support. I reccommend selling everything somewhere below 740, and buying back in if we have a bullish breakout past the 750 mark. If TRX cannot hold the 600 satoshi level, the next level of suppot would be at the 500-510 satoshi level. Thanks for viewing! Please leave any questions in the comments below. It helps me learn and improve my charting.
Long
by HD1184K
There is a possibility for the beginning of uptrend in TRXBTCTechnical analysis: . TRON/BITCOIN is in a range bound and beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 35. Trading suggestion: . The price is in a range bound and we forecast the uptrend would begin. . There is a possibility of temporary retracement to suggested support zone (0.0000063 to 0.0000057). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.0000063) Ending of entry zone (0.0000057) Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons: Take Profits: TP1= @ 0.0000075 TP2= @ 0.0000086 TP3= @ 0.0000108 TP4= @ 0.0000148 TP5= @ 0.0000204 TP6= Free
Long
by ForecastCity
5
There is a possibility for the beginning of uptrend in TRXBTCTechnical analysis: . TRON/BITCOIN is in a range bound and beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 35. Trading suggestion: . The price is in a range bound and we forecast the uptrend would begin. . There is a possibility of temporary retracement to suggested support zone (0.0000063 to 0.0000057). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.0000063) Ending of entry zone (0.0000057) Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons: Take Profits: TP1= @ 0.0000075 TP2= @ 0.0000086 TP3= @ 0.0000108 TP4= @ 0.0000148 TP5= @ 0.0000204 TP6= Free
Long
by ForecastCity