TRX
TRX/BTC 1DAY UPDATEWelcome to this quick
TRX/BTC analysis update
I have tried my best to bring the best possible outcome in this chart.
Reason of trade:-TRX/BTC is triangle pattern conform and retest triangle and buy the dip. and long term hold
Entry:- CMP And buy the dip in the green zone
Target:- 50% to 75%
Stop loss:- 0.00000149
Remember:-This is not a piece of financial advice. All investment made by me is under my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Happy trading.
Sorry for my English it is not my native language.
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Thank you...
Is Tron on the edge of making a big move?TRC20, a protocol based on Tron, is being used frequently by cryptocurrency activists because of the very low fees on the transactions. Meanwhile, Tron didn't have any significant move in the last 2 years. On the weekly chart in pair with bitcoin Tron has developed a symmetrical triangle. If it breaks out of the triangle upward it can make a leg up to 0.000007. The next targets for bullish scenario are 0.00002047 and 0.00005759.
Tron Price Analysis — December 17TRX maintained a bearish trajectory on Friday, as the price nears its last week’s low of $0.0790. The bearish sentiment comes amid a persistent marketwide sell-off that has plagued the industry for several weeks. Bearish trading volume on TRX remains on the high side, indicating that we could see a bearish break below my descending tripwire. While significantly unlikely, a defense of the $0.0800 line by bulls over the coming hours could stall the bearish momentum allowing bulls enough time to reassemble and push for the $0.0900 mark.
Meanwhile, our resistance levels are $0.0850, $0.0900, and $0.0950, and our support levels are $0.0780, $0.0760, and $0.0740.
Total Market Capitalization: $2.15 trillion
Tron Market Capitalization: $8.21 billion
Tron Dominance: 0.38%
Market Rank: #24
#TRXBTC Weekly viewI see on the weekly timeframe a W pattern forming. January 2018 TRX reached the ATH and since then the price has been slowly moving downwards.
Between the red and green line channel. Thin green line aka support is holding strong and several times a good bounce up.
Currently looking good. W pattern, momentum upwards, support holding, but note the red line upper trendline and on the following images you can also see the 200 EMA weekly.
Caution is advised. Step 1 is red line upper trendline and step 2 is 200 EMA pink line.
All of these is looked at from a bullish perspective. Bearish view is the downward break of the thin green support line.
If that happens it is game over. Next target is that green lower trendline.
Trading is and remains a risk business. If you want technical information about a coin, leave a comment.
TRXUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
We are in a daily time frame.
We have drawn a support line for you that looks like a good area to buy and the price is fluctuating between a support line and a resistance line. The price can implement the reverse head and shoulder pattern and then move towards its second resistance.
It is also possible that the price will move to its first support line, then move to its second resistance after being supported, so do not rush and wait for it, to break its second resistance line and stabilize above that, then enter the trade, or wait for the price to hit the support line and being supported, then enter the trade.
Warning: This is just a suggestion and we do not guarantee profits. We advise you analyze the chart before opening any position.
Wish you luck