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TRX

VET swing plan on uptrendAfter steep pullback to uptrend line, price is now still playing within fib levels. Once we see a break of our daily zone and 0.5 fib level, we are going to see an impulse move up to the 0.382 level before an eventual retest of all time high. This will be a managed trade for us here, most likely re buying on pullbacks even after ath breaks we will be playing extensions from that point on. - Entry: looking for entries after break and hold of daily zone / 0.5 level - Stop loss: placed just below VPVR, support zone, and Moving Averages - Take profits: - (1) 0.236 level - (2) ath level - Fib extensions * Looking for a high volume break of mid zone with momentum supporting showing bulls are in control as our entry signal
Long
by CMSTrading
TRON (TRX); Waiting On A DipAlways when I am searching for a setup, the most important to me is that I focus on clear path. But what is actually a clear pattern? For me that's the structure where I recognize the direction and the Elliott wave pattern in the first minute after I open a price chart. And sometimes we will have to scan a lot of markets to find any good path. Well, today I stopped at TRON (TRX), where I see a nice rally away from June low, in five waves, so the current reversal down is normal and will ideally unfold in three waves. Wave c projection is at 0.06-0.08 area where I will pay a close attention to a potential bounce and opportunity on the long side while 0.046 is in place. Will it come down to that level? Well, I do not care, and I know what to look for if it will. If not, I just ignore and move on. Alerts are on. Grega
KRAKEN:TRXUSD
by ew-forecast
2
Tron vs Bitcoin Chart Analysis (TRXBTC #10)We are ending this series with Tron vs Bitcoin, TRXBTC. We shared an article on October 14 where I promised to do chart analysis on the TOP10 altcoins mentioned in the comments section, we ended up doing 20. I will publish the full list tomorrow and we will have another round but with different settings. TRONBTC is now bouncing off support as can be clearly seen on the chart and we also have a volume breakout today; the highest trading volume since Mid-September. We have a lower low on the MACD with a bullish cross. TRXBTC is showing a higher low and we call this hidden bullish divergence: The path is clearly shown here and the targets are marked on the chart. Based on these signals, I believe Tron is about to move higher vs Bitcoin, also vs Tether (USDT). I'll give you some time to read and enjoy now... I'll be back tomorrow with so much more. I hope you enjoyed the articles... I am enjoying your continued support. Namaste.
Long
by AlanSantana
4
ALTS look primed for a move vs BTCBelow a list of ALTS vs BTC charts that look ready for a move. Most of these ALTS have been dormant vs BTC and for the past 2 years have either grinded slowly lower or have been going sideways. All these ALTS are now sitting at key levels and some are displaying interesting RSI bullish divergences on the weeklies. Furthermore volatility has been extremely low over the past 2 years (as displayed by the ATR indicator). Long periods of low volatility precede periods of high volatility and therefore we can expect some big moves in the near future. The risk reward at these levels is very favorable for LONG trade setups as long as your happy to be patient.
Long
by armandoizquierdo
3
Tron vs Tether Chart Analysis (TRXUSDT #6)You know how I keep on repeating that all of the USDT altcoin pairs charts look the same, some are simply ahead or behind in a certain pattern. Here is TRXUSDT, this looks like the Bitcoin (BTCUSD) chart or many of the Altcoins we look at and trade. Notice that on 7-Sept. there is a strong drop. Notice the correction from May to July and the bullish wave that followed. Now we have consolidation, above-average volume coming in with bullish indicators. Bitcoin went ahead, many of the smaller altcoin trading pairs we trade went ahead... Tron (TRX) will also join the party and move as well. That's my take from looking at this chart and also the overall market. Enjoy. Namaste.
Long
by AlanSantana
2