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TRXBTC

TRON ($TRX) - 𝘑𝘶𝘴𝘵𝘪𝘯 𝘚𝘶𝘯, 𝘔𝘰𝘳𝘦 𝘓𝘪𝘬𝘦 𝘑𝘶𝘴𝘵𝘪𝘯 𝘔𝘰𝘰𝘯.✨ We provide charts every day ✨ Like and Follow to help us grow family! 🎉 --- Greetings! Today we are going to have a look at everyone's favorite altcoin (at least according to Justin Sun) TRX. Right now we are in an uptrend testing the top of the channel illustrated on the chart. Can we get a breakout and send this Sun coin to the moon? --- 1. Fractal Trend is showing an uptrend (Green background color) for TRX on the four hour chart. 2. Breakaway Scalper is currently neutral (Grey bar color), so we have no trade yet. 3. With this strategy we enter long ONLY when Fractal Trend shows a Green background and Breakaway Scalper shows a Green bar color. We enter short on opposite conditions (Red on Red) and otherwise want to be in cash. 4. What we are looking for a long signal from Breakaway Scalper. You can see that not every signal from this strategy has been a big winner, but when we get continuation the winners more than make up for the losers. Either way we will have a stop loss (Yellow line) in place to limit our risk. 5. Our first target, assuming we get our long signal, is the top of the channel and the bearish orderblock at R1. 6. Mid-term targets above that are R2 and R3, which were formed from the previous price action before the dump in March. 7. For support we are really only looking at the local support at S1, because any level below that compromises the uptrend... and the last thing we are going to do is look for long position in an altcoin in a downtrend. 8. Factors working in TRX's favor here are the many new ventures of Sun and company like Steem / Hive, the general hype he tends to bring, AND some overall strength in both the BTC and altcoin markets recently (not to mention the uptrend in equities where there has been some correlation with crypto recently). On the other side of things, weakness in any of those markets could jeopardize TRX too.
by AlphaBotSystem
3
TRON potentially clawing itself up off the ground???After being down in the dirt for so long TRXBTC may be showing bullish signs for a potential reversal! Slowly but surely TRX has been building an upwards channel which is now looking like it is turning into a higher TF ascending triangle pattern. IDEAL bull entries would be break of triangle before re-testing to confirm support at 200SAT level. If strong support is shown will be looking at candlestick formations to enter off bullish engulfing candles on 4HR TF. Short term play is also possible if Darvis box is formed for internal trend trading. TP's once triangle is broken, we would be looking at previous structure, TP's at 215, 226, 235 with final TP at 260 for full retracement. If full retracement occurs, cup & handle formation may be a possibility for longer term bullish play. LEARN TA! At MBA we teach technical analysis from the basics up, learn to trade with our veteran traders with a community of 200+ other traders; Link in profile description!
Long
by Irezumi
3
TRON Conquers EMA100, Where To Next?Have you seen DigiByte (DGBBTC) lately? TRON (TRXBTC) can start something quite similar, a strong uptrend can start to develop now. Prices for TRXBTC are now trading above EMA100 and challenging MA200, this is strong resistance. If this level is conquered, we can see prices jump quickly and easily... Additional details can be found on the chart. Analysis of Tron with leveraged... Here you can see more: TRXM20 | Alan Masters Basic Drawings Explained Thanks a lot for reading. Namaste.
Long
by AlanSantana
3
TRX / BTC Long, looking for a 4th retest of resistance levelI am looking for a 4th retest of the support turned resistance level on the daily. The price has also caught the 25 MA, acting as a moving support, adding confluence to the idea that we will re-rest the resistance level. Tight Stop Loss placed at invalidation level, slightly below 25 MA and at a level that has acted as recent support. Looking for a 4.5% move up before either a rejection (potential shorting opportunity), or further upside.
TLong
by CharlieTrout