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Tronusd

TRON: Constructive or ready to CRASH? Multi time frame analysisTron: Which way from here? *If you find this analysis helpful let me know! Taking away all emotion and looking at the picture from all time frames this is what I see. Weekly: We need to recognise TRON is still very young to look at from a bigger picture but we can start to see some clear structure We are currently in a broader triangle consolidation so looking for signs of a break either way. Also had two touches off 52 week moving average BUT failed to react to the downside in a significant manner. Also holding above the 25% line of blue pitchfork the last two weeks. What I see as POSITIVE is that TRON bottomed late 2018 (not in 2019) and most cryptos that are recovering/constructive did this. We are also still above the BLUE 0.618 retracement from this rally off the bottom which is also constructive. Daily: Currently stuck between 100 and 200 day moving averages but if you dig deeper there was good support off the 200DMA in terms of volume. On the daily you can also see the bottom trendline forming triangle has had 4 touches now and failed to break. For the BEARS however you can see we have not closed above the RED 0.618 fib that is measured from the HIGH forming the top of the triangle and the low. Again a break of the triangle would show clear direction as these levels are also guarded closely by the fibs. 4HR: We have just popped outside the near term downtrend. Also shows clearly the reaction off lower trendline (and 200DMA). Even if we start pulling back towards the BLUE 0.5 fib I'll watch the RSI and volume to find market direction. All in all there is potential this is a double top BUT you would need to see some larger downside momentum to validate this. For the BULLS, it's all about the bottom trendline and 200DMA. If this pitchfork holds you may start to pack your bags to the moon BUT for now it is 100% SPECULATIVE on my behalf until we at least test/surpass the median line (just my rule). Hope this helps!
BITFINEX:TRXUSD
by Ksh57
TRX Ready For GainsWelcome Back! Ready for another coin ready to move? Today we will be talking about TRX or Tron! This one is pretty self explanatory.. Massive Inverse Head and Shoulder coming at the end of a long retrace? Could it be any easier? We got rejected at resistance however, now is a great time to accumulate before the coming breakout. Lot's of people call this coin a scam! Something I can tell you from personal experience is scams pump the hardest ;) I will update as the trade takes footing...
BINANCE:TRXUSDLong
by UnknownUnicorn846565
2
TRON (TRX) - Inverted Head & Shoulders (Bullish Pattern)TRON could make a pretty big move after it makes a breakout above the inverted head and shoulders neckline. Actually, if we start to draw this neckline from the bodies then it has made a slight breakout above the neckline but it is not so convincing. Let's see what we get from this idea, definitely, another BTC short squeeze to the $5,600-800 will help to accomplish those targets. If You have some thoughts then please, share those in the comment section! Please, take a second and support my idea post by hitting the "LIKE", it is my only fee from You! Have a nice day, Best regards! *This information is not a recommendation to buy or sell, it is used for educational purposes only!
by VaidoVeek
2
TRON Decision Time!Hi everyone, let's get into TRON. First of all, there is a lot of noise surrounding TRON. We had the tesla giveaway bullshit scam rumors and more. Just look at the charts they've got all the stories you need to make money! So what is the chart telling us? We are currently testing 0.61 overhead resistance of a big triangle. After confirming support on the golden ratio (0.618) twice its been consolidating for the last month. We've made an entry on the second test of the $0.02145 zone. On the daily chart, there is also an inverted head and shoulders which is a bullish sign. We are currently at critical resistance on almost all coins so if BTC breaks its resistance I would take the high-risk entry with a tight stop! If it gets rejected and moves sideways again I would consider the entry box on the chart. And if BTC gets rejected hard it could be a big dump and drag TRON down with it. High-Risk Entry: Current prices. Entry Box: 0.0234-0.0240 STOP: 0.022178 If you like this type of content please leave a like Like and Follow for more ideas! Good luck! FOLLOW us on Telegram for more ideas :/CryptoSantaFortuna And as always do your own research!
BITFINEX:TRXUSDLong
by cryptosantafortuna
1
TRON setting up for a 4x leverage tradeHowdy people :) TRX has been a leading the charges this year with break-outs. As i see it here as the rest of the market is in a sideways consolidation with a good chance of making a break up, TRX is about to setup a H&S. I have a quick spread of 3 buy levels here as I am taking this as my month gamble swing, so I have 2 levels in for the H&S, and 1 level down low encase it breaks down, canceling the H&S...I will try to make a new low buy inn on the lowest level TRX has hit in the past year. I have been waiting for a good trade to throw my fun money on, and this looks like it. Be safe, use protection, and dont try this at home of course :) TARGETS: you do the math...usual target for H&S, measure the neck line
by johny_button
There is a trading opportunity to buy in TRXUSDTechnical analysis: . Tron/US Dollar is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 43. . While the RSI downtrend and the price downtrend in the daily chart are not broken, bearish wave in price would continue. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.021400 to 0.018100). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.021400) Ending of entry zone (0.018100) 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 the 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= @ 0.025000 TP2= @ 0.027650 TP3= @ 0.032170 TP4= @ 0.040500 TP5= @ 0.045200 TP6= @ 0.050600 TP7= @ 0.055750 TP8= @ 0.066290 TP9= @ 0.081300 TP10= @ 0.100410 TP11= Free
BITFINEX:TRXUSDLong
by ForecastCity
6
TRX Target Hit! But we're still at the mercy of the Bear's bite!Hello Everyone, Welcome back to my latest TRX Update, Here We Go: The 0.02200 Long Target hit with room to spare (I have included previous analysis on 3/1 for comparison). TRX's movement followed my charting channel from the bear flag very well (blue and black dotted lines) and with considerable accuracy, I was able to update and enter slightly lower at 0.2120, it dipped as low as .20. Tron ended up dropping a lot faster than I had initially anticipated, it has been a slow sideways mover over the last several weeks into well over a month now. The yellow circles are the entry points for long positions that I have been using. Now...... I wait and see which way we go next. If this drops again, I have not decided if I want to dollar cost average or, set the appropriate stop loss and re-enter. I will make that determination depending on what the market shows me and how far it looks like it will drop. If we drop steeply, I will take a stop loss position and re-enter at a lower cost. Small drops, I will suck it up and DCA. If we rally upward, I will again see what the market is showing me and make the decision on letting it ride or pulling profit when the time comes. Too soon at this point to predict with the volatility that's been going on, not to mention the major BOT trading that I think was going on ALL weekend! Major buy/sell walls that perfectly inline and holding price points for a significant amount of time, can you say BOTS!! Earlier long entry points of .238-.239 are still valid if we rally upward. I would personally wait for confirmation of an actual uptrend rally before entering any higher than .023 at this time. Short positions can be entered into now as well, if......and that's a big IF, you are brave enough to take the risk and enter now. I say this because we are in such a major downtrend with the bears in charge so there is great possibility of this dropping and retracing even lower. However, tron is due for another rally so, there is a lot of risk to enter a short position. My indicator is signaling a small short position entry at this time due to the significance of the trending bear conditions. If you take a short position I would consider setting a stop loss for .024. Stochastic is at 13 which is in the oversold range. RSI is at 38 which is on the border of the oversold range as well. We are below all of the Moving Averages except the 100 SMA (.0217) and 200 SMA (.0219). We've been in this major downtrend for the last 8 days. Based on TRX's performance since January of this year, it seems to change from uptrend to downtrend and vice versa every 6-10 days. At the time of writing this, we are back up to the 0.786 fib retracement at 0.0229 and climbing, which, is in a major support zone starting at roughly 0.021 with major overhead resistance at 0.026. Please keep in mind that we are still very much in a downtrend and at the mercy of the bear. There will be the monthly BTT airdrop for all TRX holders on March 11th, we may see a brief rally at this point however, I am not hopeful. The BTT airdrop played no effect on the price of TRX during the February 11th airdrop, in fact, we even saw a slight decrease in price. Hit that follow or like button if you find this analysis useful or helpful. Good Luck and Happy Trading!! AWC **For Educational Purposes Only. This is not meant as any buy/sell trade advice, trading is volatile and at your own risk.*
BITFINEX:TRXUSDLong
by AWColumbo
TRX falls past several key areas.Bears are home for the weekend!Hi Everyone, I was planning on waiting a few days before I updated this chart but Tron Bears have officially sunk their teeth in. I have not adjusted the 50 and 200 MA that I have listed from the previous chart as this is a continuation update from the idea I posted on 2/28. As you can see we have officially broken down below the 200 MA, the descending triangle and, the 0.76 fib retracement of 0.023780 which are all pretty much right on top of each other so, I would say this is pretty significant. We are in a very strong down trend and I have added a bear flag with an extended pole (black dotted line). I extended the pole for my sake to see if Tron would break down out of my make shift channel which, it rapidly did. It is now approaching my flag pole extension which ends at .022789. The next fib level is not far away either at 0.022387. Stochastic is at 20 which is in the oversold territory and the RSI is at 40 which is still neutral but also getting closer to the over sold side. Those of you who are in a short position should be seeing quite a bit of profit at this point if you were patient and waited to see where this would go. For those that are the long position types, patience remains the key here until we see how far this will fall before the next rally. I am considering placing an order at around 0.02200 which is extremely on the low side but from the looks of it we may see a drop that far possibly lower. Binance at the time of writing this is currently at 0.02265 with major buy/sell walls, which in my opinion, is a BOT trader. If it pushes lower we will soon be at the next fib level of 0.618 as I mentioned above of 0.022387. From there we have a long way to go before it can get anywhere near the next fib level of 0.5. The last time we were any where near these levels was around January 13th. Please hit like if you found this idea helpful or useful. Happy trading and good luck everyone! -AWC- I am by no means a professional analyzer however, I am a hobbyist that enjoys technical analysis and sharing my ideas. This is not meant in anyway as trading advice and is strictly meant for educational purposes only.
BITFINEX:TRXUSDLong
by AWColumbo
Tron Entry Point Update 2/28/19Hello Everyone, Here is the next update to my Tron entry point idea published on the 2/24. I have added the fib retracement levels, and updated the descending triangle. As I had anticipated we are trading sideways and holding inside of the descending triangle. I am currently using the 50 MA (upper yellow line) and the 200 MA (lower yellow line) as a "trend" channel. The last time we broke out above the 50 MA was prior to 2/24 and that was the end of a roughly 6 day rally. Tron is getting closer and closer to the lower end of the triangle and we are nearing the lower end of my MA channel which again is the 200 MA. The bears appear to be attempting to regain control, if they succeed we will be retracing to the lower end of the descending triangle which is the exact pivot for the Fib retracement. Looking at my indicator we may possibly be in the early stages of a bearish divergence. I am also showing TRX in a solid downtrend so I am currently sitting on the sidelines with any further entry points until I see which way this goes. Since we are riding higher on the Martin Buy/Sell Indicator my entry point remains valid and confirms my stance of sitting on the sidelines for a few more days until I see some kind of movement. I am by no means a professional analyst, simply a hobbyist who enjoys tech analysis and sharing my ideas. This is NOT meant for any trading advice and is for educational purposes only. If you found this idea useful or helpful please hit like! Good Luck and Happy Trading! AWC
BITFINEX:TRXUSDLong
by AWColumbo
Tron Entry PointsHello everyone, As you can see we broke through from the top of the descending triangle powering through several levels of resistance. After the cup and handle we did break higher with the rallies of the top coins towards the higher resistance levels above 0.26-0.27 however, like it has been doing the last 2 months, it immediately retraces down. I have been watching these levels and just like I was concerned about in my last analysis, the latest correction brought Tron right back down and we are officially inside of the descending triangle (barely). We are well above the 200 day MA and sitting on top of the 50MA so I am using that as a smaller resistance level right now. Most likely we will be bouncing in and out of these levels if it continues its slow sideways moving trend like its been doing for the last several weeks. It tried to push lower to around 0.0229 but the bulls were able to hold it around the current levels of 0.024. The RSI is at 43 which is still in a neutral zone but looks to be slowly moving to the oversold side. I will be using the 200MA as my lower target level if it does trend to the downside. Stop Loss is set right now at 0.024308 (red dotted line) for the longs and 0.027652 (blue dotted line) for the shorts. I want to draw your attention to the Martin Buy/Sell line indicator on the bottom of my chart. This is showing a pierce through the bottom channel and on its way back up. This is a technical buy signal currently around 0.238. If it breaks above 0.026 this is a good time to take a quick profit if you are interested in a quick flip. We are currently in a down trend right now so for you short traders that got in within the last few days, now would be a good time to take some profits because, it appears to be attempting to bounce back upward. We are riding on the bottom of the lower bollinger band channel which is also confirming a buy signal on my charts. Keep in mind If the bears are able to push this down like they've been trying to do, we are looking at falling back towards the 0.021 area which is also the 200MA. However the bulls seem to be holding strong and keeping it right at the 50MA. As of current we are holding that 0.024 level quite well however volume is lower than it was when the bears were trying to make a push towards 0.021. I am a hobbyist that enjoys technical analysis and by no means am I offering any trading advice. This is purely meant for educational purposes and to share my thoughts and ideas because I enjoy it. Hit like if you found this information helpful or useful. Good luck trading everyone!
BITFINEX:TRXUSDLong
by AWColumbo
Tron Resistance & Break Out Levels **updated with cup & handle**Updated from my earlier idea (2/19) with a possible cup and handle formation, I also changed the 10 day MA to the 50 day MA. See attached previous idea for full details. These are key levels, the cup and handle also lines up with the MA's and resistance levels that I have listed in the previous analysis. This also is confirming my viewpoint and I will be staying on the side line until I see which direction this will go. The 50 MA also runs right along these levels. FOR EDUCATIONAL USE ONLY.
BITFINEX:TRXUSDLong
by AWColumbo
TRON/BITCOIN (TRXBTC) LONG BULLISHThe TRON bulls have remained strong since the New Year has elapsed. The project has survived the immense FUD that was unfairly postulated by haters and pessimists. During its bear market period since ATHs of 0.25 the TRON foundation has made fantastic progress - always keeping ahead of its agenda. The TRON ecosystem will continue to grow as more users flood in and the DAPP floodgates open up. This is not a project that you want to miss.
Long
by StirlingBishop
Week 1 of 21 - Tron (TRX) Surveillance ReportGood morning or afternoon depending where in the world you reside. Week in Crypto (Top 3 Events): #1 - Baakt continues to make headlines and progress in launching their proprietary digital asset market place that will offer a institutional grade custody program combined with a fully regulated digital asset exchange and physically delivered futures on Bitcoin . Understanding their partnerships with Starbucks , Microsoft as well as their relationship with I.C.E ( Intercontinental Exchange ) which operates traditional exchanges like the NYSE is a news worthy event to follow in the coming months. In the past two weeks they have closed initial funding rounds and have raised over $180M. This week they are on a hiring spree for core developers. Follow their twitter for the latest updates. #2 - Jack Dorsey - CEO of Twitter - was recently on the Joe Rogan podcast promoting Bitcoin and digital assets as a revolutionary technology. He believes Bitcoin will become the world currency in our lifetimes as it was born on the internet and will become the currency of choice of the internet. Square continues to outperform on the stock market and allows for bitcoin payments to be sent and received via their app as well as fiat. #3 - Dan Morehead - CEO of Pantera Digital has said recently despite the market sentiment in prices the fundamentals in the ecosystem have never been stronger. He believes all the innovation and infrastructure that is being built to accommodate institutional investments has calmed any doubts whether blockchain technology and Bitcoin is here to stay or not. Despite the positive fundamentals what does the technical picture tell us? BEARS - TRX bears have been getting battered since December 2018 when Bitcoin capitulated from 6k to 3k. TRX is the top performing alt coin and the bottom seems to be in. However, Bitcoin still remains King so we remain cautiously optimistic. A short position is only viable if bears can break below the 200 Day MA, the 50 Day MA and below the ascending channel. Earliest short entry price can be found around .02 cents with a target goal down to the 161.8% fibonacci retracement to .012 cents. This drop, although unlikely, is in line with a Bitcoin market capitulation candle that many bear traders are calling for. BULLS - TRX Bulls are looking to push prices back above the centerline of the ascending channel and are keen to hit the next fibonacci extension (127%) sitting at .035. TRX is trading above it's 50 Day SMA and 200 Day MA, which is a significant development. Any pull back should find solid support in this zone especially with the 50 Day moving back above the 200 Day. If this was Bitcoin we would confirm the crypto-currency market bottom is in. However, we are impressed with TRX resilience and this price action leads us to believe higher levels are on the near term horizon. RSI - Showing strength and support above 50. Bulls are in control. Trade suggestion: Our buy order level was triggered at .024. We suggest traders go long on the next pull back that finds support on the lower bound end of the ascending channel with a stop loss at .021. Regards, Bobby Today marks the launch of my 21 week trading program where I will be publishing text and video content M-F. I will be updating this report Wednesday and Friday this week so be sure to hit the like and follow to get notified.
BINANCE:TRXUSDLong
by UnknownUnicorn1615160