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Trxbtcanalysis

Tron (TRX) Mainnet went live 2 hours ago. Bottom reached?As you all know, the mainnet just went live today with no issues, & currently, the Tron team is doing their livestream. I have basically been watching TRX/BTC charts for the last 12 hours straight, and noticed that we have been seeing mixed signals from both bulls and bears. Tron has been consistently bought up each time it hit 780-800 sats, yet each bounce was relatively small. Now that we have hit the mainnet launch, it is probable that most the selling has finished and we are able to have a small run up towards the 900 level. Signals: Bullish divergence on the 4 hour chart if we can stay above 780, again indicating we are not far from the bottom How to trade: If we have 2-3 green candles after this current one, we can probably say we are in the clear, especially if the candles are able to get past 823 and hold there. Buy in: Lowest possible point you are able to above 780 sats but under 823 sats. Stop Loss: 780 satoshi level Targets: 839 satoshi level 875 satoshi level 930 satoshi level What I am personally doing: I have bought in exactly at 780 after doing a ton of trades this past hour. Currently waiting to see if TRX can recover back to 839 where I will be selling all/some of my position. Thanks for viewing! If Tron can have a couple of green candles in the next 12 hours, I do believe we will once again hit 900 satoshis.
Long
by HD1184K
3
Tron (TRX) Called the last two trades perfectly. What now?TRX is definitely going way higher, but a retracement soon looks likely. I believe this retracement will happen at the 980-1000 range, indicated by the yellow box. This idea is an extreme short-term play, so be warned. (Also, the price of TRX is currently at 966, and it is 100% CERTAIN we reach the 980 mark based on the 15-30 minute timeframes.) Why? Because unless the TRX bulls push extremely hard, or the founder releases the tweet that is expected to come tomorrow, we will undoubtedly get a bearish divergence on the 1 hour, which has been accurate on calling all previous Tron retracements. This is for the extreme short term. But for the short-mid term, we are looking very bullish. How to trade: Sell at the 980-1000+ range, and be ready to buy back in if we do not correct (go down). This is because Tron is extremely unpredictable and in most cases, we just hover below the resistance line before we break through. Perhaps sell and have a buy limit order at 1003 satoshis. **IF** Tron does correct, the 900-923 satoshi range is not a bad place to get in. If not, we are probably going to see the same situation happen where it just goes straight up. I will post my previous sell targets here: 1000-1081 satoshis 1200 satoshi level 1400 satoshi level (unlikely, but who knows) Thanks for viewing! Please leave all criticisms in the comments below. I'd like to hear your thoughts. Also, what do you think about Tron as a whole? Do you see it as trading pair for you to earn some money, or do you truly believe in the project and hold it for the long term? I just know Justin is a smart guy, and he can probably take TRX far in the short term.
Long
by HD1184K
5
TRXBTC | MASSIVE Cup and Handle formingAs you can see, I am currently watching the charts for a potential cup and handle forming on the 4h chart for TRX . This one could become a huge opportunity for a swing trade, if I'm right. But first, here are my assumptions and the important dates you should know: 1. TRON has dated the launch of their main net for May 31st (first vertical line), this date is known for a long time and last time when they launched their test net, there was a huge run up a few days before, followed by a massive dump on the same day. It may the same for the main net launch and the run up could be already baked in the price (of the recent high). 2. Since there is the needed token swap just 3 weeks after the main net launch (second vertical line), the dumping on the date of the main net launch could be not as bad as the first time. 3. TRON has a great community, is already on a lot of exchanges and has a lot of volume all the time. So I am expecting a high volatility before and after the deadlines. 4. As far as I can see TRON fans are strong hodlers and got big hopes dreams. 5. Bitcoin doesn't do any crazy stuff. Now what I am expecting: A little correction back to the ascending triangle with 900 Satoshis as top line. Maybe we form a nice inverse head and shoulders here. Once we break above 900 Sats my next target is the completion of the huge cup and handle at around 1060 Sats. If we break this area with volume before May 31st, I am looking for an exponential run up to the higher target (2) of round about 1300 Satoshis. But just in case we have a very bullish sentiment in the whole market. The more likely scenario for me is a breakout of the cup and handle pattern right before main net launch. Maybe stopped at a big even at around 1200-1250 Sats (T1B), followed by the expected dump on May 30th -June 1st. For example back down to the breakout point and then a bounce off the cup and handle in June. The second target is at the .382 fib level. My very long term target for the cup and handle would be at around 1700 Sats, that's the distance between breakout and the bottom of the cup. This line also fits perfectly to the body of the ATH-candle. Makes sense for me. But I think we need a great bullish sentiment for this scenario to occur. Maybe at the end of the year if Bitcoin starts running again. With all that volume, TRX will offer enough chances to earn some money in this case. Don't fomo and set your Stop-Losses like a pro. Possible Trades : Buy zone: 825-850 Sell at T1: ~25-30% profit (40% for T1B) Sell at T2: ~50-60% profit Sell at T3: ~100% profit So please let me know what you guys think about this idea? Sources: TRON Main net Launch on May 31st: twitter.com TRX Tokenswap on june 25th: twitter.com None of this is financial advice, of cause. I am just drawing fancy looking lines on my screen.
Long
by GoldCryptoKnight
5
Tron (TRX) Ascending Triangle formed. Breakout possibility.With the Tron main-net launch coming out in the next two weeks, it is almost impossible for us to remain below the 850 satoshi level. We have seen strong resistance at the 850 mark, but support has been moving upwards on the 4 hour time frame. We already have hit to reaction highs and two reaction lows, so in theory the ascending triangle has been formed. Trade Signals: Rising support at 740 and 780 satoshi levels. Likely forming an ascending triangle. Still in an altcoin bull market, people still investing into new ICO's, evident from Ethereum transaction volume How to trade Buy in: Weak support around 820 with a tight stop loss, (suggestion might be 816) Somewhere on the trendline, currently around 800 satoshis. Sell targets: 865 -899 satoshis 1000-1081 satoshis 1200 satoshi level 1400 satoshi level (unlikely) Thanks for viewing! Please leave any suggestions in the comments box below. You also might want to check out my "tron private test" and "Tron (TRX) Time to get back in after the correction" charts. I am currently giving out some private high risk charts for day traders, so please message me if interested. They will be similar to the "tron private test" chart, but I don't post them publicly because tradingview prefers longer term ideas since traders cannot cash in on shorter day trade ideas.
Long
by HD1184K
2
LONG TRX "The Small Giant"Okay I am here to give some analysis about The Small Giant what? yeah The Small Giant is TRX -0.54% the one that have highest volume in binance After BTC 0.16% Broke to the 81xx we know trx -0.54% have some corrections but see after the corrections it's make a pattern see it below 1. Do you know whats the pattern name? Yeah right bullish bat after some corrections below 0.382 fib fan line we are get this pattern also look the abcd pattern is inside at the bullish bat and Yesterday Trx -0.54% try to complete the target of Bullish bat but The Small Giant is fail because of btc 0.16% see it below 2. We fail to cross the 0.618 fib retracement and close candle above the ema 200 (orange) so we have small corection again 3. And Stoch was undersold need some prove ? see it here 4. Also RSI too the green one say it was oversold see it here So what you have waiting for? just buy under 0.618 fibo retracement Im sorry my trx before is private so i make this Target mid term 1000-1200-1300-1500 Comment and follow my channel is what i hope from you all Thanks for your visit Syaerulid
Long
by nobodycanstopme
Tron (TRX) Time to get back in after the correction (+22% BTC)Tron will be launching their main-net on May 31st, and during the month of June they will be electing their super representatives for the Tron community. It's easy to predict that the price will rally during the news, but the hard part is calling the bottom. Signals: BTC dropping to close to 8000 USD, which is the big support level for bitcoin. Bullish divergence forming on the 4-hour chart assuming we can hold our current level. How to trade: Buy In: - Current level of 730 if you believe downside is over short-term - 680-700 satoshi range which is likely where we get another bounce. I have set most my limit orders at this level. Sell Targets: 899 satoshi level (Main target) 1000 satoshi level 1200 satoshi level Stop Loss: Under 650 satoshis. The rest of my targets have been highlighted by a red square, but I believe the mainnet pump is unlikely to get too far past 1000 satoshis. My personal strategy for trading the hype for TRX. 1. Buy TRX at lowest level possible before first major awareness tweet & sell after bearish divergence on the 4 hour RSI. This date has been shown using the first vertical blue line. 2. Buy back in after a correction of at least 10%. Sell 90% 2-3 days before the mainnet launch. This date has been shown using the second vertical blueline. 3. If we are in a bullish trend, buy back in once again in after correction in anticipation for the TRX super representatives election. Thanks for viewing and good luck on future trades! If you have any comments or constructive criticism, please leave them in the comments.
Long
by HD1184K
3
TRON Respecting EMA20 Quite nicely TRXBTCWith lots news of TRON news about their Airdopping EC20 protocol and going head-on against Ethereum by launching their own blockchain and potential DApps, well what are WE waiting for? So far, there as been strong support from the EMA20. Adding fib for targets we see near targets at levels at 1011K (Entry), potential exits at 1317K (61.8% Fibonacci level) 1623K (50% Fibonacci level) Satoshis or HODL. Important TRON dates are just round the corner so it may be more exciting from here on ethereumworldnews.com t @bizlus
Long
by bizlus
1
TRXBTC - 1 little 2, little 3, little CupNHandlesWho's in for some TRX coffee ? After completion of the first CupNHandle (blue) it is highly likely to form 1 or even 2 additional CupNHandles. For the 2nd CupNHandle(green) to form the handle, the price needs to dip around 65 area before heading back north. For the 3rd CupNHandle(red) to form the handle, the price needs to dip around 75 area before heading back north. With the much anticipated announcement in May, all of these I believe would end up around 1180 area(or even higher) which aligns perfectly with 50% FIBO from the ATH. I wish I entered earlier but I still think there is a decent profit to be made here so I've already place my buy orders. Let's see how this plays out.
Long
by car305
17