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Tronlong

TRON, Just Need a Push!Hi guys, Let's take a quick look at TRX -0.28% . As you know TRX -0.28% is in a downward channel and touched its ultimate support line lately.I see 2 Bullish pattern in chart and bullish div -0.36% signs in indicators that show reversal desire in TRX -0.28% .A bullish triangle and an IH&S. In first attempt for breaking neckline of head an shoulder,we failed and need a retest. Because of that i have more hope in triangle but as you see in title, TRX -0.28% need a Push from Master BTC -1.11% .If BTC -1.11% fall again,we can see a new low in TRX -0.28% easily but hope not see that. As you see EMA 50 made a strong Resistance for TRX -0.28% and after touched that it made a big reversal in RSI D.After EMA resistance we have ichimoku to break .In MACD we have peace,temporary. Stay tune for a confirmation in TRX -0.28% in each way by my next update and enter this trade with safty. Good Luck Peyman A
BITFINEX:TRXUSDLong
by Peymana71
LONG TRX - If desired entry point reachedDisclaimer: I have no opinion on Tron, its project or their team. There is no bias here. I am not going long unless my orders hit, highlighted in the green speech bubbles. So what are we looking at: Tron has almost retraced 78.6% since its All time high Tron has almost retraced 78.6% since its April high A large retracement for any asset however most of the "top tier" coins are holding their own around these retracement levels...For me the first pointer to a good entry zone review Weak bull div on 6 hourly RSI had little effect on price, continued lack of volume, point one for belief of wave B of an ABC retracement RSI up ticking from sub 50, does have a wee downtrend to break on the daily which could get us to the low we want.. though I don't think much of diagonal resistances on short timeframes MACD just crossed up on 6 hour, hasn't crossed up yet on the daily.. Further decline before the uptick? Possible. Counter: 20, 50, 100 EMA on daily are all gapped above price quite considerably which does give it some potential upside movement towards the 61.8% on good volume, but we really aren't seeing any volume so I have disregarded this for the moment So why am I waiting to long..may repeat myself Because getting a good entry is important. I prefer Blackjack for my degenerate gambling. Lots of resistances in confluence: Volume is still non existent, a bleed out of price continued is perfectly believable, again possibly in wave B of an ABC down leg 20EMA on 6 hourly potentially forming resistance Tron yet to break back above the 61.8% fib (from April high) though prior data shows us it has taken Tron a few days consolidating just under the fib until it breaks up..however Tron had way more volume the previous times it was trying to do this, also most of the breaks to the upside have been part of an uptrend, not a downtrend..which is what we are in. VPVR lining up well with our primary entry point Most coins are testing or breaking their 78.6% fibs, patterns are patterns at the end of the day & should be considered on a circumstantial level My orders are in strong support zones We may never get our orders hit, BTC could go bull mode here & the market will boom with it - if this happens though - then we haven't lost anything. Furthermore, as you will see below, my stops are quite wide. This isn't my normal approach but it is what I am comfortable with based on entry prices & volatility potential at those levels. Entries: 539 & 439 sats Stops 485(-10%) & 410 sats (-6.5%) Exit: Close 50% of position at 620. Move up stop, let the rest run, if we go full bull market mode then I would expect to close the rest above 800 sats. This is not financial advice. Just a log of my thoughts.
Long
by UnknownUnicorn3062951