Resistance becomes Support!We've waited such a long time for this moment with Tron. Seems to be the narrative with a lot of altcoins right now. Huge falling wedges that are now starting to breakout.. eg. Xrp.. Vechain etc! Utility tokens! Although Trx seems to be a bit further ahead in the charts, so I expect Tron to start moving first! Get ready!
Trxlong
TRX - Tron is Ready to Breakout of a 2 Year Bullish Pennant!You will be hard-pressed to find a more bullish USD alt chart out there. Tron has a beautiful bullish continuation structure here on the daily that has been forming since the COVID crash in March of 2020. This massive pennant the price action has bouncing within is almost 2 years in the making. I think the breakout here could be huge. The price action is currently repeating the same exit pattern it had back in 2021. If Tron breaks out, buckle your seat belts and HODL on tight! I'm long here.
Tron to start breaking upwards exactly February 6th it appears!Analysis of the the majority of charts in crypto at the moment, the sentiments have come down lower than expected in the market. Most crypto are undervalued. Not only that but it appears we have hit rock bottom of the trendline upwards. This is showing on multiples of cryptocurrencies so expect Tron to begin it's ascent February 6th until finally breaking out up mid February.
It's coming!! 📈
The upside potentiality of Trx is mind blowing 🤯 If there were any time to buy Trx, then it would be the most opportunistic moment right now. The risk to reward ratio is somewhere in the range of 20,000% from where we currently are in the price.
I really don't see Trx going any lower. Buy and hold all, we're in for an interesting roller-coaster ascent 🎢
Trx still trading in the Zone!It's amazing how accurate these signals are pushing upwards along the trend line based on previous signals. Still a danger Trx can fall downward, but it would be a temporary setback that I believe would recover in quick time if we see that scenario.
So therefore I'm still bullish for Tron! We have so much upside potentiality that it's long overdue.
I'm surprised not many people talking about Tron when it has such a large Asian and worldwide market! This is already Eth 2.0.
TRXUSDT SHORT-TERM LONG POSITIONMarket just finished 1 to 5 Elliot wave pattern, broke downtrend and is heading bullish we are expecting to retrace to 50% fib zone.
Indicators:
AROON: Is already showing strong bullish momentum (orange line crossed blue)
EMA: We just crossed 50 EMA zone
Bollinger band: we bounced off of a bottom band
Entry: 0.0635
Invalidation: 0.0505
Target: 0.932
IS TRON ready for really? looks too bullish on daily time Frame Technical analysis: #TRON (Daily update)
* TRXUSDT is already BREAKOUT the downtrend and retested is also done, the beginning of an uptrend is expected from here.
*The price is trading ABOVE both MA's (50- MA and 21 MA) as well as trend line ,
* LOOK too bullish when ever its trade above the both MA's as well as downtrend but need to break the rising wage pattern to take parabolic raid.
* RSI above the 53 that's means bulls are upper hand and already breakout its resistance, it will take momentum from here..
Take Profits,
TP1= @ $0.18124
TP2= @ $0.24563
TP3= @ $0.39360
TP4= @ $0.52585
TP5= @ $0.60689
next to the moon lol
SL=close BELOW $0.082 on daily bases.
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