TRXBTCTRON began a good upward movement while BTC was dropping down and after that we saw deep correction. I think we are in the wave (c) of wave B which is shown in the chart and we can expect a ride up!!
Targets are obvious in the chart but this is a risky analysis. Please manage your risk for using this analysis.
TRXBTC
Tron is Breaking out from resistance area!Yesterday I have a made a bigger time frame analysis on Tron.
Today, the price is breaking the resistance area, strongly countering the BTC.
TP1 is $0.036 (10% from current price)
RSI is very bullish, so is MACD.
EMA's will give a buy signal after a 3 and half day.
All looks good!
Tibor
Tron with a possibility of a strong leg up!As many people yesterday took a look at my TRX analysis that didn't go as well, as I expected, but still outperformed some alts in the value in which have dropped.
The price of TRX was rising strongly against Bitcoin as you can remember from few days ago, and I think with the use of psychology, that many people would like to join this train, same as Omisego next waves.
Currently Tron has found support at the bottom of the support from, and I can say it has bounced with over 5% bottom shadow of this candle, which is a strong bull sign!
Indicators.
EMA's are suggesting a strong volume incoming, or less likely a change to downtrend.
RSI is in long term uptrend.
MACD wave is likely coming to an end.
Enter in the support area.
TP1 0.03600 22% ($0.036)
TP2 0.04000 40% ($0.040)
Stop your loss below $0.028
I am in since $0.02941!
Good luck with this trade!
Tibor
TRX has set a new range. How to trade it.BINANCE:TRXBTC recently broke out of a year long consolidation below 250 sat level.
I believe we have just seen a new range set for TRXBTC.
open longs @ 265-285 sats
TP 1 @ 385 sats
TP 2 @ 445 sats
Open shorts @ 468-450 sats
Keep an eye open for invalidation for this range. Nothing is set in stone and the markets are tricky.
Feel free to post your ideas in comment section below, would love to see them!
Tron is Breaking out from a Flag!So just another quick analysis, this time looking at TRX.
I am not really a fan of TRX token, but you may know that TRX was the only coin that was breaking out while Bitcoin was sharply falling down.
Using that fact with psychology and considering the price is in a bull flag, I expect TRX to perform a 14% move from current price easily.
I was buying some at the price of $0.031 and sharing it with my free group
That's it from this idea, straight to the point.
Tibor
Analysis - TRX/BTCDear Colleagues!
Let's examine the TPX/BTS pair.
Today it is surprising and unusual to see such a move, while all major cryptocurrencies have fall by 15-25%.
Nevertheless, we are inclined to believe that there will be no serious trend continuation.
The consolidation awaits us in the offing, and fixation above 440 sat on the weekly chart will be buying confirmation.
$TRX, Volume has been rising consistenly... 🚀👌$TRX
UCTS signals are usually quite smoother under this chart on the 1D timeframe over the last 2 years..
Decided to set up a trading bot for this pair on
@3commas_io
(so far 30% in profit in the last signal 😇)
Volume has been rising consistenly as well... 🚀👌
#TRX
Don't miss the great buy opportunity in TRXBTCTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.0000034). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. TRXBTC is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 90.
Take Profits:
TP1= @ 0.00000465
TP2= @ 0.00000625
TP3= @ 0.00000855
TP4= @ 0.00001080
TP5= @ 0.00001305
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader ?
Now, It's your turn !
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
$TRX, Flying on the daily regardless the drop on BTC..$TRX
Flying on the daily regardless the drop on BTC..
Reaching ~370 sats resistance level after a 40%+ run.. (volume also showing great levels)
If its able to break over it &/or flip it into support then aiming for further continuation..
Weekly looking strong AF
#TRX