TRX is about to explode! Keep an eye on this!Here's a quick look at TRX 2 days chart. As we can see, the price has been going sideways and has printed a big symmetrical triangle. The price will probably revisit previous ATH when it breaks out. Definitely one to keep an eye on.
The best entry would be, when the price breaks above the symmetrical triangle with good amount of volume , or you can buy when the price breaks above 0.115$.
-------------------------------------------
The idea is: Buy the breakout from the symmetrical triangle (or 0.11$) and take profits at the levels shown in the chart.
Targets:
- Profits can be taken in the resistance zone .
1. 0.14$
2. 0.148$
3. 0.18$
-------------------------------------------
What are triangles when it comes to trading?
Key points:
"1. In technical analysis , a triangle is a continuation pattern on a chart that forms a triangle-like shape.
2. Triangles are similar to wedges and pennants and can be either a continuation pattern, if validated, or a powerful reversal pattern, in the event of failure.
3. There are three potential triangle variations that can develop as price action carves out a holding pattern, namely ascending, descending, and symmetrical triangles."
-------------------------------------------
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BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
TRXBTC
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.
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.
TRON (TRX) - October 25Hello?
Welcome, traders.
By "following", you can always get new information quickly.
Please also click "Like".
Have a nice day.
-------------------------------------
(TRXUSD 1W Chart) - Mid-Long-Term Perspective
Above the 0.03074453-0.04413840 section: expected to continue upward trend
(1D chart)
Resistance section: 0.11243825-0.12543392
First support section: near point 0.08644692
Second support section: 0.04745992-0.06045559
You need to keep the price in the 0.08644692-0.11243825 section to see if you can break out of the downtrend line.
If the price is maintained above the 0.10168507 point, it is expected to move towards resistance.
A move above the resistance zone is expected to accelerate the uptrend.
If a decline occurs in the first support zone, a short-term stop loss is required as it may move down to the second support zone.
However, you can touch near the 0.07500028 point and rise, so you need to think about how to deal with it.
On the CCI-RC indicator, the CCI line is attempting to rise above the +100 point.
If the CCI and EMA lines move higher than the +100 point, the uptrend is expected to accelerate.
------------------------------------------
(TRXBTC 1W Chart) - Mid-Long-Term Perspective
Over the 259 Satoshi-318 Satoshi section: It is expected to create a new wave.
(1D chart)
It is necessary to check whether there is any movement that deviates from the 114 Satoshi-207 Satoshi section.
However, if it falls from the 154 Satoshi point, it can touch the 114 Satoshi point, so careful trading is required.
------------------------------------------
We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.
------------------------------------------------------------ -----------------------------------------------------
** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not yet been released.
(Because it is not public, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.)
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
TRX is a sleeping beast! - Keep an eye on it!Here's a quick look at TRX 2 days chart. As we can see, the price has been going sideways and has printed a big symmetrical triangle. The price will probably revisit previous ATH when it breaks out. Definitely one to keep an eye on.
The best entry would be, when the price breaks above the symmetrical triangle with good amount of volume, or you can buy when the price breaks above 0.11$.
-------------------------------------------
The idea is: Buy the breakout from the symmetrical triangle (or 0.11$) and take profits at the levels shown in the chart.
Targets:
- Profits can be taken in the resistance zone .
1. 0.14$
2. 0.148$
3. 0.18$
-------------------------------------------
If you like the content, then make sure to comment and like the post :D
Follow me for daily profitable trading setups
BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
TRXBTCTRX BTC is a very important support.
TRX has been stuck in this range for almost two years with fake break out and Fake breakdown
The level 0.00000169 is where major bounce backs happen. It has tried to break this support for over two years now, so far level has been respected with one fakeout.
Ideally, here is where I would like to set some bids. Hold this level and potential target on the chart.
KEY: 0.00000140 sat
Previous TRX/BTC TA
Tron TRXUSD - Elliott wave + Massive channel!- On the chart we can see an incomplete Impulse Elliott Wawe (5th wave).
- Rounding bottom or cup and handle is also printing on the chart.
- Volume is very bullish and also RSI is prepared for another pump!
- Target is 1:1 fib trend-based extension + top of the ascending channel + 5th elliott wave
- For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio ( RRR ) - please check my signature below ↓
- Huge bullish volume is also one of the positive signs!
- If you want to see more of these ideas, hit "Like" & "Follow"!
TRXBTCTRX is having a good trading session with BTC. In this chart, we have seen the strong position of buyers at every sharp uptrend even with the weak stance of sellers overtime. In it's up coming bull run do you think TRX will continue to keep sharp uptrends against BTC? please share your thoughts.
TRX/USDT (Test Weekly Key Level?)💎Technical Analysis Summary💎
TRX/USDT
-After a good bounce from EMA23 two weeks ago
-TRON is likely to retest its weekly key area of support
-Due to BTC Dominance increasing value these few past days
-Many altcoins are pulling back from their recent gains or lows
-But looking at the long term view for TRX
-As long as this EMA and a key area is holding
-There are still chances for the Bulls to recover back up
-For now, we will have to see for any bullish reaction in the green zone
-It is not a good time yet to buy heavily on altcoin when they are showing weakness
-I'm currently out of any swing positions and will look for re-entry soon
-Be careful everyone especially those holding any altcoins
-Please book in some profit or have a stop loss always ready
⚠️Please always read the description⚠️
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TRXUSDT , In the exactly way of 1st target ...Hello guys
According to our last analysis we shown on chart buy zone area and exactly that zone was activated and with ascending cover candle we can take long position and buy TRX and wait until 1st target , and this time the market exactly is moving like our prediction and in the way of first Tp , we should wait for take new position after first Tp reach we can update chart for others target and we will publish new chart
And others things is in these 2-3 days Justin Sun is in dubai in Seminar of blockchain , this is a good news that can jump the price
Be patient and enjoy your profit
Previous analysis
Be with us and sleep comfortably
Good Luck
Abtin
#TRXUSDT is on a dawn of the rise again??Tron is the most used USDT transfer protocol due their low transfer costs.
Thats why we believe that Tron is a fundamental cryptocurrency on the ecosystem.
We seem also a dip on #TRXBTC on daily chart ( have EMA200 resistance )
Currently #TRXUSDT is 0,095 level but there is 2 screnarios that we pinned down on the chart with ghost lines;
1 - #TRXUSDT Breaks the 0,975 resistance and goes till 0,106 and made a corection till 0,101 then go up acording to the formed channel and reach the 0,115 level.
2 - #TRXUSDT resistance of 0,0975 wil persist for a while ( meanwhile #TRX will accumulate) and form a channel between 0,09 ~ 0,975, after competed its accumulation period ( based on the daily #TRXBTC chart) the price will rica till 0,1 then 0,105 levels.
BINANCE:TRXUSDT , BINANCE:TRXBTC
It was not a investment advice , it is published only for educational purposes.
TRON (TRX) - October 4Hello?
Welcome, traders.
By "following", you can always get new information quickly.
Please also click "Like".
Have a nice day.
-------------------------------------
(TRXUSD 1W Chart) - Mid-Long-Term Perspective
Above the 0.04413840 point: The uptrend is expected to continue.
(1D chart)
First support section: near point 0.08644692 (section 0.08238160-0.09289318)
Second support section: 0.04745992-0.06045559 section.
Resistance section: 0.11243825-0.12543392 section.
Above the 0.09289318 point is the high point, so if the price is maintained above this point, it is expected that there will be a movement to create a new wave.
A short-term Stop Loss is needed if the first support is falling.
------------------------------------
(TRXBTC 1W Chart) - Mid-Long-Term Perspective
Over the 259 Satoshi-318 Satoshi section: Expected to create a new wave.
(1D chart)
First support section: 194 Satoshi-207 Satoshi section.
Second support section: 154 Satoshi-165 Satoshi section.
A short-term Stop Loss is needed if the first support is falling.
If it declines in the second support zone, a Stop Loss is required to preserve profit and loss.
The first resistance section: near the 259 Satoshi point.
Second resistance section: near the 318 Satoshi point.
------------------------------------------
We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.
------------------------------------------------------------ -----------------------------------------------------
** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not yet been released.
(Since it was not disclosed, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.)
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
Tron TRXUSD - Huge channel + Elliot Wave- On the chart we can see an incomplete Impulse Elliott Wawe (5th wave).
- Rounding bottom or cup and handle is also printing on the chart.
- Volume is very bullish and also RSI is prepared for another pump!
- Target is 1:1 fib trend-based extension + top of the ascending channel + 5th elliott wave
- For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio ( RRR ) - please check my signature below ↓
- Huge bullish volume is also one of the positive signs!
- If you want to see more of these ideas, hit "Like" & "Follow"!
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.