Tronx
TRX leading the big cap army?Large caps are starting to look very attractive on the mid to higher timeframes.
- Big divergence formed and now wants to be confirmed
- Got a nice kumo breakout on the 6H that could be the start of a nice uptrend.
- OBV in a super tight channel on the daily.
- Sentiment is slowly shifting to 'hope', the next part in the market cycle...
A market entry here is fine IMO, as long as you place your SL below last swing low.
Also take a look at one of my older charts on the Bitcoin dominance:
Let the bulls have their meal!
fourth wave of TRX has started! Let's go for the fifth Hello all,
As you can see we've finished the third run of TRX and it's correcting now (the fourth Elliot wave).
When we fifth wave starts TRX will definitely end above 1000 satoshi. Let's keep an eye on TRX so we can set stoplosses safely which will give us some good profit before the ABC correction starts.
Happy trading
#TRX #TRON - Looking to breakout hopefully soon! Tron needs to breakout first past 375 and then onwards up to the next resistance line of 383 which it has had several attempts to break today! The next few hours are very important!
TRX | TRON | NEXT MOVEI think TRX can go up with support XABCD Pattern and MACD
If you want buy TRX
Buy order : 412 - 414
Profit target :
(1) 440
(2) 460
(3) 480
Stop loss : 408
Recommend : Only deposit 5-10 % btc of you
Thanks
TRX/BTC moon or the ground? This is the 4th hit we get on the .786 FIB on TRX. which indicate a strong support at that level but also a VERY BIG RED FLAG if it break through it. BTC is currently dropping (5th wave in my opinion and will drop all the way to $4700). IF the BTC move happens TRX wont be able to hold its position VS the 200 BILLIONS dollars market of BTC and will have no choice but to drop lower than the .786 FIB, which means BAD TIME FOR TRX. We will then be looking at what level it can possibly bounce off of and begin on its way to the top and believe me there isn't that much levels down there.
The first level that I see is at about 332 which will NOT hold on a -60% drop from BTC (again if it happens).
The second level is at 250, that is a big level with A LOT of consolidation therefore it could potentially hold.
If the second level (250) fails to HOLD and BTC is no where near sub $6 000 yet then we have to look at the possibility of TRX dipping all the way down to the 100 satoshis area.
I put emphasis on the word selection here ''DIPPING'' because I dot no believe TRX would stay at that level for a long time at all. I have pointed 3 VERY BIG candles on the chart (green arrows) that were never squared up. This represents BILLIONS of dollars and is generally a VERY GOOD indication that the price will revisit those levels at one point or another.
LONG I am very bullish on TRX but SHORT very bearish. Be careful with this one guys!
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