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Tronix

Tron in an Ascending Triangle Breakout Pennant.Hey, I am back with another Idea . This time looking at T ron. 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. There is a Ascending Triangle breakout Pattern that has formed. Taking look at Indicators. MACD looks good, seller s are slowly leaving, buyers incoming. RSI needs to cross and bounce from 58 level to be bullish. 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!
by TiborVrbovsky
8
Short term TRX need to chill down a bitFor those of you who have seen my previous charts on faith, I'm pretty bullish on tron in themselves, but I mean now that we must come down to support to "rest" a little, I expect to find support round 730-740 market so I'm going to place my orders around these points. -Rsi is quite high on the 1 day chart, which makes me think we're going down to rest on support. I do not expect any longer bullback than 730sat when we are still bullish on the news of launch date :) Hope those who followed my chart last satisfied with profit, all my 3 goals were given right, although we went litle higher than I expected, so we have made good calls on the road :) I have managed to collect a total profit of 48% which I am very pleased with. Again do not take your choices based on my opinions or charts as I'm still new and even learning myself yet. Happy trading :)
Long
by Porshy
22
Tron TRX Tronix Update 4/17 - Power to the Player!Hello again! So just to start, I want to go ahead and put out there that I am extremely bullish on Tron through the end of the year. I try not to let this fact get too far in the way of relevant TA. So, getting right to it we see that Tron had a great impulse wave 1 a couple of days ago. We are currently in consolidation of Wave 2 on the 4 hour chart. As you can see, it played around the golden ratio for a little while and then decided to drop to the .786 retracement level. Because of this, I expect only a moderate impulse Wave 3 to around the 1:1 extension ratio (W3T1). I have also included the 1.618 extension target (W3T2) in case this bounce has more bull power than I am expecting. Because Wave 2 retraced all the way to .782, we can assume Wave 4 will have a shorter consolidation at the .382 or .5 retracement level once Wave 3 has finished. Wave 4 will encroach wave 1 barely, if at all. If this happens, Wave 5 has BIG potential. IF Wave 3 hits 1:1 extension, we assume Wave 5 at 1.618 extension. IF Wave 3 hits 1.618 extension, we can assume 2.618 extension for Wave 5! This would be huge. If wave 4 continues downward, encroachment into the Wave 1 candle will constitute a failed Wave 5 and we can expect retracement to .618 levels of Wave 1-3. The other factor to consider is the turnaround in bitcoin. With more bullish sentiment in the crypto market in general, we can expect to see more volatility and impulse than in the last couple of months. From a fundamental point of view, we have the Main-net release on May 31st. The coin has been churning along at the top of Github edits for quite a while. Justin Sun continues to put out the effort and marketing to make this truly a successful alternative to the internet as we know it. Any helpful tips you can provide for better TA are very much appreciated!
Long
by alexghs07
2
TRX Target 792 for me short termHello again. Trx has now come through most of my goals from my target 600 to 792 where I expect a bullback. Although this happened slightly faster than I expected, I still follow my chart. Here's an update of my chart: Rsi is now oversold in 4 hours chart when we pass 82 on the rsi bar, previously we have seen trx like to take a bullback around this level, but as we now seem to be in a bullish market, I think we can go something higher, possibly up to 90 as we have seen it go earlier in December\January. We have also gone through 38.20 fiblevel from the big pump in mid January. I now expect this to work as support @ 731sat. We have also gone out of the forkpitch chanel so I expect that 0.00 fiblevel works as support same with 38.20 fiblevel Again do not take your choices based on my chart, as I'm still a beginner and even still learning myself :) Happy trading :)
Long
by Porshy
#TRX im bullish, target 788sat for meHi all. Here its a bit of my TRX Chart. I'm still optimistic about TRX now as we still get closer to the launch date. :) MACD and RSI look good on a daily chart. As you can see at the chart, the price testing support around 600, which is fiblevel 61.80 from the big pump back on the 16\1-18. If we follow the pitchfork and the fib`s in it, we can see that 600sat also act as support for 38.20 fiblevel on the fibchanel indicator. That indicating that we are still bullish and if we can follow the trend here are my targets. My entry: 600sat 1.target: 644 6% 2.target: 720 20% 3.target: 792 32% Stoploss: 580 for me. Please comment as I am new to this and to the communtiy, Do not take any choices based on my chart, as I'm still new and learning myself.
Long
by Porshy