TRX
BTTUSDT CUP AND HANDLE - 07/10/21 (HOURLY)Kind of a cup and handle formation (a bit jerked :P) but what matters it looks like one in my view. If this is confirmed you already know what it means continuation of bullish trend.
My bets for BTTUSDT this altcoin season that is yet to come will be:
Low risk: .03$
Med risk: .05$
High risk: .07$
Hold till moon risk: .10$
Remember DOGECOIN was less a cent and almost reached 1$ even with large supply.
$TRXUSDT ew Count i am looking at is like this . $TRX $BTC$TRXUSDT ew Count i am looking at is like this . $TRX $BTC
What is Tron?
Tron's mission is to build a truly decentralized internet and aims to be the largest blockchain-based operating system in the world, known as the TRON protocol. The TRON protocol will offer high scalability, high availability, and high throughput computing to serve decentralized applications via smart contracts. Ethereum EVM-based smart contracts will be compatible and deployable on the TRON network as such Solidity developers do not have to rewrite their applications.
Why Tron?
Since TRON protocol does not rely on proof of work or mining, instead governed by nodes located around the world, it is decentralized while providing high throughput for transactions on the blockchain. This is suitable for dapps that require high speed transactions especially games. There are a number of tokens already issued on the TRON network and the decentralized exchanges TRX.market (www.coingecko.com) has launched.
On July 24th 2018, TRON acquired BitTorrent, one of the largest P2P file sharing protocol. As a result of the acquisition, BitTorrent Token (BTT) (www.coingecko.com) was launched as the cryptocurrency to power the economics on the BitTorrent network. The Token will be used to inceltivize file sharing and storage within the network.
TRX (TRON)Hello Traders,
As I am sure you all know it has been a rather difficult time in the trading community lately with all of the FUD and Manipulation going on. That said I wanted to put out some more detailed ideas for the community as to make it a little easier for everyone to spot a better trade set up and make their day just a little easier.
This trade is for TRX or Tron. Tron is a nice platform and used by many projects, it has a fast transfer speed and is in the top 50 for market cap. An all around decent project compared to most. Here is a link to their website and their page on coin market cap for further information. tron.network coinmarketcap.com
This trade idea is based on a falling wedge pattern. In which the price action has presented a bullish breakout and is currently retesting the top of the trend line of the pattern. I also noticed a bit if bullish divergence on the RSI (Relative Strength Index) at the bottom of this pattern. Which generally indicated the reversal of a trend.
When you are trading you want to look for confluence between multiple indicators and market structure that all tell you the same story before you decide to make a trade as this is important to your profits and risk management always. I hope this trade helps you do that just a little bit easier.
As always, have a green week!
Savvy
TRXUSDT "H1" TriangleAs you can see, the price was fluctuating in a triangle. Now, the triangle broke from above and we had a retest candle on broken trend line which I displayed with an arrow.
Also we have a EMA50 that price could broke that too. Now, we have a resistance in EMA200. STOCHRSI gave us buy signal. We may wait for a pullback and then we can enter a long position. Please check the H4 time frame too with EMA 50 and 200 too. We can hope for a change in the trend (to a upward trend) after the two EMAs 50 and 200 had a bullish cross.
**"Do not base this analysis for your trades. Analysis is purely educational."**
TRON Breaking Out Off Strong Support - Good Potential LongI really like the potential of this long entry as TRON breaks out off of strong support. Reason being is that even if the price reverses after the breakout, good support is there. TRXUSDT has one of the stronger USDT charts out there following BTC's collapse. It could indicate that the bulls are ready to push the price higher. The only caveat that could foil this plan is if BTC continues to sell off so have your SL ready below support just in case.
TRX is on it's supportHello my friends,
Tron is one of pioneer projects in crypto world. It is more potential to take good dominance of market in near future.
In this chart I drove support and resistance lines to show best places to buy and sell. Even I prefer to hold TRX for future.
Please follow me and like the idea if you think it's worth it.
TRX USDT LONG #TRXUSDT Update:
$TRX currently trading at 0.08586$
And $0.09120 IS the next resistance.
So what now..?
first step , TRX needs to touch the trend line (0.08358____0.07747____0.06334)
second step , TRX will go up to (0.09120$___0.11863$___0.13761$)
(low possibility) But If TRX breaks the $0.05919 support level thenTRX is entered in a bearish zone and My Target will be $0.04954
Hope this will not happen.
My Levels:
Support:0.08358$___0.07748$___0.06334$
Resistance: 0.09120$___0.11863$___0.13761$
longtime target: 0.13761$(70 days)
sl: 0.5919$
Must follow me for the latest crypto real-time updates.
good luck :)
Ready for the $ 1 Theron? When?The main issue in any investment, and more importantly the points of sale, are the points of purchase. As you can see in the chart, Theron has two main potential buying areas in Pullback.
Everything will depend on bitcoin reform.
But the answer to the main question: Will Theron see $ 1?
Yes and no! If you are investing in a short term, no. But if you want to invest with a vision of 6 months to a year, this is not far from expectation!
My favorites:
0.091633
0.07512
0.0824
TRON TRXUSDTTRX, as you can see, has been in an uptrend channel, basically the uptrend channels are breaking from the floor. Which is clear here.
TRX can pullback on the break line marked on the chart and correct again.
That is why we have to wait. Because it may return to its uptrend channel. Then this exit from the channel is not considered a failure and there they will say we had a fake breakout.
So we are waiting to see what he does with the break line and pullback! If approved, Goals 1 and 2 could be our target destinations.
First the load signal, then the confirmation signal, then the trade.
Be profitable.