Tronbtc
Updated TRX Count and Aggressive plan for MainnetAdjusting the count here and attempting to get better targets. Going to play TRX a little more aggressively but not foolishly.
The Targets
Target 1 will cover a bearish double top on wave 5
Target 2 will cover a .786 Extension of Waves 1-3
Target 3 will cover a 1:1 Extension of Waves 1-3
Target 4 will cover a 1.618 Extension of Waves 1-3
Word of warning
Although I am usually a lot more cautious and only target the .786 extension of waves 1-3 it would be foolish to discount a run up for mainnet release. Will be minimizing risk by taking profits at each target
The Count
Not a big fan of the primary wave 2 ABC correction as labeled on this chart but does line up perfectly with wave 3 reaching just above a 1.618 extension.
Retracement outside the buyzone will require new counts but is unlikely to invalidate the count unless 680 is crossed.
TRX symmetrical triangleTRX BTC ready for potential breakout.
It's forming a symmetrical triangle pattern that can potentially breakout upwards. The 4HR MACD looking popsitive for upside momentum.
Will keep an eye on volume.
breakout around 0.00000908
target: 0.00000982
resistance:
0.00000962
FIB 1.272 (0.00000975)
TRXBTC How far will we retrace till we ready for wave 5 ?Today i'll share my personal trx/btc TA.
made me a good profit prev.month
now we are retracing to set up for wave 5.
I almost never play the 0,236 fib lvl so my orders are not completely filled
A red line is where i look to lock in some profits.
Green lines is where i look to buy back in.
Blue horizontal lines are support/resistances
T1 : Target 1
T2 : Target 2
sw : Subwave
Prw : Primal wave
So T1 sw3 = target 1 of subwave3
Targets for wave 5 depends on how far we retrace in wave 4.
if you guys are interested i'll update this when the subwave's appear to lock in on the end target for wave 5
Remember guys , i'm no master of charts , professor , ta god ... i'm just a (educated) stoner with some free time.
It's definitely no financial advise just the way i see things. :)
Don't forget to follow or like when i made you some money or be nice and send me a token of appreciation :D
Always keep a close eye on bitcoin when trading alt's . Btc floats all boats .
This on the side TRX main-net launch will be in a month so i don't see a wave failure happening anytime soon.
TA on TRX/BTCDid a TA on TRON (TRX), a good entry point at around 865 sats. It is also showing some form of consolidation but although i'm not a fan of TRON (because its frequently over hyped), its mainnet will be released at the end of MAY and i believe that will potentially drive the price of TRX upwards. Recommended stoploss : 750 sats
Tron (TRX) Ready for the Next RideOn 4H timeframe, we can see TRX just cross the middle line of Bollinger band from downtrend channel. Also candles had closed above the 0.618 fib level. Nice support I would say for further momentum upward. We can reload and loaded now. I bought at 860. Next target 1300 satoshis
Spread the knowledge and happy trading :)
Tron (TRON) Has Found Support (4 Hours Char)Tron (TRX) reached a new peak on the 30 April @ 1083 satoshis, from which level started a retrace. Right now, different chart indicators and signals are telling me that Tron has found support.
Look at the chart above and nothice:
- The price decline starting the 30th April. From there we went down fast until bouncing from the 829 saothis level (about 24% drop), this happened on the 5th May. After that, a small bounce and sideways until now.
- Look at the candles, as they are now, you can see a #1 on the TD Sequential. This is not a strong signal, but if we can break the EMA50 (magenta) line and close above it, it would signal strength.
- The fact that the EMA100 (blue) line wasn't touched is another signal that support is being found.
- The MACD is showing a bullish crossover.
- The RSI, DMI and STOCH are starting to cruve up.
Based on the information above, I can say that Tron (TRX) will consolidate longer until it gains enough momentum to start another run.
You can check my other two Tron trade ideas for a "buy in" range, to know when to buy in to trade this coin, as well as targets and other details.
You can find them in the "Related Ideas" section below this post.
Thanks a lot for reading.
And thanks a lot for your continued support.
Namaste.
TRON (TRX) Loaded and Locked! 4H timeframe:
TRX had a nice rally into 1000 sats two days ago. We had a nice pullback and are obviously in an accumulation phase and ready to take off for another rally up!
Price seems tank at 0.618 fib level (around 870 sats). A break below this level will drag us into next fib level 0.5 (around 792 sats) which I find it very unlikely at the current moment and condition.
Buy order:
860-890
Target:
1) 1000 satoshis
2) 1300 satoshis
Stop Loss:
790 satoshis
Like, follow and subscribe for more update.
Spread the knowledge and happy trading :)
TRON at the Crossroad.Hey, I am back with another Technical analysis this time looking again at TRX .
Tron had a lot of controversy in the past, but the creator really believes in the Tron with the whole China being excited for tron, at 31. May is Tron releasing they Main net, which can lead to a pump or a dump.
That was in short about Tron.
Taking look at the chart.
Tron is in a Bearish channel sitting at strong support zone, if support fails Tron will dip lower. Everything other is written on the chart.
Taking look at the Indicators.
RSI not looking that good, shows low demand, fails to hold bullish, needs to cross key level of 50.
MACD is looking good so far, curving.. it will curve if the price will remain at these levels.
I think thats about it.
Hope I made your view on whats going on with Tron somehow clearer.
If you like this TA let me know in the comments, Likes are aprreciated, Thanks !
If this gets a little bit of attention, I will update!
$TRX TRON; Potential Bounce IncomingLooks like we saw the chart do something similar to this in a recent subcycle, but there's not quite enough data to confirm yet. Especially considering the whacky BTC/ETH/LTC action we've dealt with over the past few days.
Keep an eye on it if interested. Longs should prob just hold tight, but those on the sidelines might want to consider the opportunity to scalp or just open a position here. I bought back in.
Tron (TRX) 2nd Entry Point (After 100% Profits)We have a trade foor Tron (TRX) that is still valid, but I asked for a new entry point; a second chance.
After giving us a very beautiful 100% profits on our last trade (check the related ideas at the bottom of this trade), Tron (TRX) is consolidating and getting ready for additional action.
It is time to load up some more.
Tron (TRX) 2nd Entry Point with Alan Masters
TRADE INSTRUCTIONS
Buy-in: 0.00000820 - 0.00000940
Stop loss: 0.00000710
Targets: (Visit my old Tron trade).
That's all. This is simply a 2nd Entry Point.
Note: Aim for big profits. Tron (TRX) is very famous and many, many people are buying it and have high expections for it. We made an easy 100% profits here and there is definitely lots of more room available for growth. Of course, after this big increase in price since we started trading Tron, it can take some time of accumulation before the next run. That's perfect, we don't mind waiting, as long as in the end we end up with our pockets full of Tron. Which we will sell for big profits, that's how we have our fun.
Namaste.
TRON, TRX/BTC - A Good Buy For a Swing Till The End of May?Let's do a little different kind of analyses this time and look at a potential nice swing trade for the coming weeks instead of days/week.
TRON, TRX/BTC a popular coin, ambitious project and arguably one of the most hyped up coins by their media machine and CEO Justin Sun.
As you might know, they're planning to have their mainnet launched on May 31. This is a big milestone for TRON or any platform based projects and with the community and Justin Sun hyping it up, this should give TRX/BTC a nice surge in price leading up to the launch.
If you look to swing trade TRX/BTC for the upcoming mainnet launch
then this is how you can trade it.
Trade Instructions
Buy Area
Around the 0.00000800 level should be a nice buy area cause we might see some more downside first (to finish wave 4) before TRX/BTC can make its next wave (5) up.
800 sats is also a nice support area and around the .382 fib retracement level and where it crosses/hit the upward trendline shown in the chart.
Profit Target
As a target, I would aim for around the 1100 - 1300 sats area. More specifically:
1. 0.00001049
2. 0.00001126
3. 0.00001202
4. 0.00001312
But remember to take some profits along the way.
Stop Loss
You can use a 5% stop loss from your entry or a larger stop or no stop at all if you believe in this coin for the mid-long term. You can then just ride it out and don't have to worry to get stopped out and miss the swing.
But do invest accordingly and use an amount your willing or can afford to lose.
Leave a comment if you have any questions or concerns.
Like the post, if you liked it and share it if you loved it. This is for good karma.
And until next time, good luck with your trading!
Where I think $TRX Tron could be headingI see $TRX Tron heading to 0.00000730 sats and maybe lower. Hard resistance levels were previously at 700 sat range which should now act as support and as well as that the 0.618 ratio fib retracement lands in around at 718 sats. We might see possible bear traps down along the way.
This is never trading advice this is something I do for fun and for a chance for me to learn.
If you wish too follow me on twitter - @CryptoDowd
#TRX soon ready to go now, lets see if we can hit 1300 :) Hello again my friends. First, I would like to thank you for a warm welcome to community :) 28 follows onthe first week is far beyond what I expected, but remember that I'm still new to the field and have only been in trading for 4 months. So you always have to take my charts with a pinch of salt, but I try to keep myself as simple as possible and I do not like to trade at great risk, and I mean with that not 1 - 30 min chart. I'm more or less a swing trader.
TRX is actually the chart I've worked the most with as since I was entrying the market in mid December. Something that was a tough journey, first a giant upturn then an even bigger downturn. I decided along the way to learn and understand what I had to do to make money in a market that went downhill. That's why I've spent 4 months studying charts and reading me up on patterns and various indicators to try to practice this.
What I want to achieve with my charts is that people are not going to fomo into things, I like to trade at minimal risk, I think there are too many in here who are traing at big risk but it's up to each other and judging how teir style is.
But back to the chart and congratulations to you who sold on top and have followed the last chart of #TRX I came along with.
This is what I see on the 1 day chart now:
1: Macd, finished with its rounding, and it now shows me that people are getting ready to bay more trx soon, we all know what's up and we now feel that this is a good buy point. We are about equal by buyers and sellers after a long period of time with more sellers than buyers.
2. RSI: My heart root, <3 So, as you see, rsi now shows clear signs of rounding and starting to flatten out. This is as expected when we should reverse the trend again around 56 \ 60 on the rsi bar which indicates that we still bullish. I therefore expect that we will get a few more days of volume again soon.
3: We seem to find support at 38:20 fib, in my channel fiber, it's as expected after we have finished a smaller pullback after after wave 2 to judge, I now expect that wave 4 \ 5 will start from this level.>
Trade safe, stay safe. :)
#TRX need to chill a bit, not ready for a new run atmHi all. Here's an update of my current chart.
I have now changed my pitchfork to our new newer high which makes it easy to see its channel.
This is what I see the next few days.
-I see clearly that we are over-bought at 1 day Rsi, it shows today that it will go down. We are currently around 78, which is somewhat oversold. I can see for me that RSI is now going down to around 60 on the RSI bar, we have also seen the trend in the last few hours on the 4-day chart, I think this will fall further lower.
-Macd on the 1 day chart also shows signs that we will have some slightly smaller volumes on the purchase page.
If TRX wants to go higher in the coming day, then we need a huge volume into it. so that we can not break below the up trend on rsi bar we've had in recent days. But i expect it to take a more or less common pullback move for consolidation to go on new heights.
There are probably many who disagree with me, but I never like to trade at high risk and I now think that TRX is a big risk to be traded atm.
My purchase zones are: Different places between 950 \ 930 \ 880
Again, do not make their choices based on my charts or opinions. Do your own research :)
Pace.
Bear hat on boys WE WANT TRON TO GOTO ZERONo emotions from a pimp.... respect channels respect triangles.... Both let us know where the market was going. i got out 1st at 1050 rebuy at 990.... broke down got out 988 for minimal loss..... RISK MANAGEMENT. Hanging out in bitcoin until i work hard enough to find 1-2 moves