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
Trxbtclong
Increased intensity was correctWe are all expecting this to retace to some normal level 690 or so....... GOOD LUCK WITH THAT..... I'm still in even though targets were hit until this breaks down into the channel if not expect a huge surge. We broke out of this channel and are currently riding on top of it as support..... PARBOLIC?
Making perfect sense.... I put these out because Ive watched Tron since inception and called the night before they 10x!!! Have been obsessed with the chart!! I had to figure out this last 3 wave..... Ive cloned the 1 for 1 but never saw enough action to make sense.... when i counted its the exact 1 for 1 length and the 1-2 was super short 2.618 3rd and extended 5th. Other possibility is we move up for 1 more wave but I am not 100 percent sure and will allow the market to tell me..... What do we already know wave 3 bare minimum hit 1 to 1 extention of wave 1..... which means wave 5 will be extended and there is very little retrace room. Wave 4 shouldn't breach gold line on my chart which is end of 5th wave on wave 1. We bounced off the 236 already and seem to have to bounce off the 382.... if that is the case we will explode off the 382 into an extended 5th wave!!!!! GET EXCITED. Also from inception waves 3 4 and 5 are very close together in time. On a larger scale we are in wave 3 already and need to hit 1750 to 2300 to go 1 for 1. We could possibly have 1 more wave up to give us a little room for the 4th wave. I love these tight plays because they are for 1 FASTER. 2 Predictable
TRX has many resistance to cross. Up to 100% Gains are possible.It has several times tried to cross over the resistance line Fib 0.216 an the other specific zones.
I think in the next couple days there will be a cash flow from USDT to BTC and to the Alts.
If the required volume is achieved, TRX will be crossing over the lines step by step.
Best regards and wish all nice green Candles.
As we say always; Patience is the key.
TRX TRON Additional 1H chart - Major 3rd Wave PossibilityCheck previous chart for a more "zoomed out" view:
If the last week has been an ABC correction, TRX 7.09% might go for a 3rd Wave Movement.
We have two short term resistances to pass right now before going up.
Watch those FIB levels! (left side of the chart).
Resistances (short term): 612 and 650/660- satsoshi .
Support: 560 and 530 (hopefully it will not touch 530 again. If it does, then this rise can be much lower than I expect it).
Trend support could be 570-590 if it keeps going higher and higher.
StochRSI on 1DAY candles is looking like it's about to go upwards.
MACD on 6h candles crossed. Waiting on 12h and 1day to cross.
Remember to move Stop/Loss upwards with each new push!!!
Targets based on Fib Retracement:
Target 1: 680 satoshi
Target 2: 800-860
Target 3: ~1000 satoshi.
Greedy target:
Target 4: 1300 (highly NOT recommended WITHOUT tight STOP/LOSS).
Tron (TRX) Mainnet Launch Trading PlanSignals:
-Tron managing to hold 480-500 satoshi level, seems to be very strong support level.
-RSI holding above 40, indicating price strength.
-Tron seemingly being kept up by whales, evident by huge buy orders near 500 sat range as well as pumps keeping TRX at support levels.
How to trade:
-Buy in 480-530 sat level (Likely will not drop past 480, which seems to be major support)
Sell points:
- 600 satoshi level
- 677-700 satoshi level
- 774-800 satoshi level
- 835 satoshi level
- 900 satoshi level (unlikely)
When to sell:
Sell after the TRX founder has launched the first official mainnet announcement (likely on May 21st) , with the intent of buying back in after a ~10% correction.
Sell 2-3 days before the official mainnet launch, as there was huge sell pressure 2 days before the testnet launch.
If you want to keep your TRX position, buy back in at least a week after the pump, at the support levels.
*It is important to note that if TRX does break past the red resistance boxes, they will likely become support levels, evident from my test net TA that you may view in my profile.
This TA is very basic as this is an early call. Thank you for reading & please criticize my TA's with ways I can improve so I can bring more value to the community in my future charts.
Xzhi
TRX TRON Major 3rd Wave Possibility. 18 apr updateIf the last week has been an ABC correction, TRX might go for a 3rd Wave Movement.
We have two short term resistances to pass right now before going up.
Watch those FIB levels! (left side of the chart).
Resistances (short term): 612 and 650- satsoshi .
Support: 560 and 530 (hopefully it will not touch 530 again. If it does, then this rise can be much lower than I expect it).
StochRSI on 1DAY candles is looking like it's about to go upwards.
MACD on 6h candles crossed. Waiting on 12h and 1day to cross.
Remember to move Stop/Loss upwards with each new push!!!
Targets based on Fib Retracement:
Target 1: 680 satoshi
Target 2: 800 (possibly 820)
Target 3: ~1000 satoshi.
Greedy target:
Target 4: 1300 (highly NOT recommended WITHOUT tight STOP/LOSS).