TRON TRX is close to RESCUE POINT, if broken MOONSHOT.Hello friends,
Hope you all are doing well both in crypto and life.
Lets start price analysis of Tron TRX.
Rate pumped, why? simple because of news and update.
Buy on rumours and sell on news.
The chart attached here, i gave to my subscribers and folloers on 23rd august indicating the buying zone market with green color.
Yellow line was the resistance if broken, will see price to the rescue point i.e. 500 sat. beware of this point, because this is selling zone.
TRX have many good news ahead, but a logical trading is more important here.
Book your profit near to 500 SAT. If price crosses ahead of 566 SAT, TRON IS GOING TO 900-1000 sat & MOON SOON.
MORE UPDATES ON WAY.
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Thanks
Zia (@open4profit)
Trxbtclong
TRX/BTC, breakout and new target pricesHi guys !
TRXBTC looks ready for a new breakout soon at 380 sats.
380-400 sats is the last SELL ZONE before a new run toward 585 sats as first target price.
A double bottom formed from the last two months confirm a possibility of a new run.
Furthermore, Ichimoku Cloud start to reverse his SELL and BUY trend (in purple) and RSI looks good with a bull trend line from mid-august to september.
Thanks for your time.
Is $TRX the next big pump? Let me show you what I see!Tron is one of those coins that I will always hold close to my heart. In fact, it is the coin that gave me tremendous profits in January 2018 that I ended up putting towards my wife’s dream house that I bought her.
Tron found support and put in a higher low at .00000273, if bullish momentum continues, I can see TRX breaking 500 sats.
How I plan to trade TRX:
Buy: .00000311-.00000325
Sell: .00000505
Stop: .00000269
RR: 4.2
**Please Note** This sell target is very conservative. If Tron takes off like XRP did, we can expect it to go as high as .00000772-.00000910. So remember to take some profit and always let the rest ride and just keep on tightening your stop loss.
About me:
I am a professional trader with over thirteen years of trading experience. I am fortunate enough to have had the opportunity to retire at age thirty, and I now trade for pure amusement. I love the crypto community, and would like to further flourish within it by helping any newcomers learn to trade and invest. If you found this chart helpful, please give it a like and follow me on Twitter @omegatrader101.
Thank you,
Mike, the OMEGA Trader
Tron (TRX) Expect a small rally when we touch 300. Ideal short.Tron has been doing relatively well compared to its competitor, Ethereum, but due to the correlation cryptocurrency markets have, Tron will likely also break the support zone and hit an all time low since the altcoin rally.
Currently we have been getting bullish divergences so expect a rally once we touch below 300 satoshis. Short the top of the rally and expect a 30% return on investment in the coming months. This is assuming Bitcoin drops below 6000 which will likely occur.
It is very obvious right now the start of capitulation is beginning with coins such as Ethereum warning us. If Bitcoin drops below 6000 for good and enters a true bear market, it is easy to predict coins like Tron will suffer greatly.
Therefore, we may short Tron.
Short area:
300 satoshis
Take profit:
224 satoshi level.
Thanks for viewing! I have been updated Tron for a long time and felt I should make an update. I believe Tron is a very good coin to buy and hold, and if Justin is smart, he will already have accumulated a ton of cash. Unfortunately I am unable to see the balance sheets so all this is speculation. However, the size of the company BitTorrent (employees) suggests it is worth over 100 million. Justin is also buying the cash/liquid assets of the company as well.
Is Now a Good Time to Buy $TRX?Tron saw a decent size dip where it found support and bounced at the .88 Fib Level since it bottomed on 8/15, and it looks to be putting in a higher low. I do believe we are overdue for a relief bounce on the larger time scale (Daily) where we will visit the .236 (.00000454) and .382 (.00000575) Fib Levels soon. Stretch target would be the .618 Fib (.00000770). This is how I will be playing TRXBTC:
TRX Swing Trade
Buy: .00000310-.00000330
STOP: .00000329
Take Profit 1: .00000454
Take Profit 2: .00000575
Risk/Reward: 3.36
About me:
I am a professional trader with over thirteen years of trading experience. I am fortunate enough to have had the opportunity to retire at age thirty, and I now trade for pure amusement. I love the crypto community, and would like to further flourish within it by helping any newcomers learn to trade and invest, and adopt a crypto currency lifestyle. If you found this chart helpful, please give it a like and follow me on Twitter.
Thank you,
Mike, the OMEGA Trader
Tron (TRX) is bouncing I am long on TRX having shorted it yesterday
I believe that TRON $TRX (TRX) is bouncing off its short term support levels to around 360, it has fallen approx. 10% in the past 24 hours and is overdue some kind of deadcat.
I am by no means a Tronny, I am trading tron because I believe that this trade is the right decision at this time.
Tron (TRX) Possible breakout, also possible harmonic.Tron has always been one of my favourite coins to trade due to its very easy to predict movement. Currently I believe Tron will have a drop as it hit the white trendline. However, due to the fact that we have quickly pushed back up after the retest means Tron is still pretty bullish, so this could be the breakout we have been waiting for since 3 months ago.
I believe shorting Tron with a stop loss around 350 is a good play. I am still hesitant about this trade and am waiting for confirmation.
If I were to take this trade:
Entry:
345 satoshi area
Stop loss:
350-57 satoshi area (depends on your risk tolerance)
Take profit:
290 satoshi area. Keep in mind this price will likely not be hit.
Thanks for viewing! If you wish to know where you can short Tron, I will message you privately. Feel free to comment. I will respond to all of them.
Tron (TRX) Bullish breakout, likely another leg up. Careful!Like all the other altcoins, TRX has had a nice bounce from its lows. If you managed to catch it around that area, congratulations. I did pick up some TRX at 303 and will likely sell at 355.
I am still bearish. This is because BTC is currently in a short term bullish reversal and it is likely we drop down again. I believe the 7.1-4k area is the maximum BTC can reach and expect 6.8k to be the top.
Therefore, if you hold Tron, consider selling it near 355 which is the resistance or when Bitcoin peaks at around 6.8-7.4k. If Tron forms a strong bull flag, do not sell, since another leg up may be coming. A strong bull flag is when price just stays within the same range without slowly sloping down. The less we drop, the more bullish we are.
I am bullish in the short term but believe this is just another bounce for BTC.
Either way, there is 5% more to be made on TRX so trade safely.
Thanks for viewing! I will respond to all comments below.
TRX - 3 cycles - Up to 500%TRX - 3 cycles
Cycle 1: The TRX is about to complete the Crab partern pattern, where the strong buying trend appears to push prices back up. However, this is not the main trend of the TRX. It is expected that this cycle will peak at the end of August.
EP: 333
TP: 600
TG: 670 (200%)
Notice the point of sale in TG 670 is the Break Out of the Crab model. Overcoming this milestone we moved the selling point to the region> 1000 sts
Cycle 2: Continuously decreased to 215 sts and returned to uptrend. In this area, the TRX checks the break out point in the previous 5 down wave area to complete the a-b-c correction pattern in the H4 cycle. This is the second major bullish wave after the previous strong bull cycle.
EP: 220
TP: 1000
TG: 1370 (500%)
At this point the stop loss is determined immediately below the EP. If the stop area is broken we will transfer the new EP of the TRX to less than 100 sts
Cycle 3: Slow motion and step back into downtrend. In this area, the major sellers return, the TRX returns to the downward wave after a long term uptrend to complete the A-B-C wave in the D cycle. We will place the buy zone in the area less than 100 sts
Break Out points we set a stop loss of about 5%
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Sincerely, thank you!
Tron (TRX) Coiling stoch, Tron preparing for big movement.Tron has been in a falling wedge for months, and currently, I believe the end of this bear cycle is almost over. Tron has an increasing RSI during the decreasing price, indicating a bullish divergence.
If you believe in TRON, look at adding funds when it hits below 400 sats, which is happening right now. I believe anywhere around 300-360 is a good addition for your portfolio.
The problem is that BTC might not have found a base yet, and TRX is still within the falling wedge.
However, if you look at the stoch on before the previous run, we are developing something similar. XRP had something like this too. This development is on and off, but is worth noticing.
Therefore,
Buy in:
300-360 sat level
Thanks for viewing! Hope you guys haven't lost too much money. If it makes you feel any better, I lost over 10% on TRX when I transferred it in order to vote, which required a lockup period of 3 days, which happened to be the time BTC dropped.
Tron (TRX) Coiling stoch, Tron preparing for big movement.Tron has been in a falling wedge for months, and currently, I believe the end of this bear cycle is almost over. Tron has an increasing RSI during the decreasing price, indicating a bullish divergence.
If you believe in TRON, look at adding funds when it hits below 400 sats, which is happening right now. I believe anywhere around 300-360 is a good addition for your portfolio.
The problem is that BTC might not have found a base yet, and TRX is still within the falling wedge.
However, if you look at the stoch on before the previous run, we are developing something similar. XRP had something like this too. This development is on and off, but is worth noticing.
Thanks for viewing! Hope you guys haven't lost too much money. If it makes you feel any better, I lost over 10% on TRX when I transferred it in order to vote, which required a lockup period of 3 days, which happened to be the time BTC dropped.