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Is Tron going to the moon or this a FAKEOUT!?Hello everyone! Peewee here, with an update on Tron! My past idea for Tron is here: I believe Tron is in the process of a potential major trend reversal, and there are a lot of solid signals on the chart. If you take a look at my prior idea, Tron recently bounced off the support of a long term potentially-unfolding symmetrical triangle. If this rally is a trend reversal, this would make a third touch of resistance of said symmetrical triangle. Likely, it will break, and with FORCE. If I am indeed correct with my count, this could also potentially be the start of a large 3rd wave forming. If the third touch of resistance breaks, it would make the most sense for it to be a wave 3. As of right now, Tron looks to be attempting to break out of strong resistance. If it succeeds this could be a very strong rally, but if it fails or has a major fake-out, Tron is going to dig a hole to China from the exact opposite side of the planet. Price: Bear flag. (Not the greatest thing to see but these always occur after huge downtrends anyway. Still, be alert as Tron is a Bitmex coin and big rallies/dumps happen *very* quickly.) 315 sats is a very historical support for Tron, if it dumps seek that area for support. Price bounced hard after passing the .886 Fibonacci retracement. Currently fighting to stay above the .786 Fib retracement of the 850 Sats high months ago. Strong volume bullish engulfing 8H candle. Consolidation happening directly under the 50 MA on the daily with a bull flag on mid time frames. 2 higher highs and 2 higher lows so far. Possible inverted head and shoulders. Neckline being around 420 Sats. Possible ascending triangle Tron is currently re-testing the prior resistance of for support. Tron is also holding above a very key trendline shown in my prior idea, labeled as the "STRONG support channel". Indicators: Bullish divergence from the 16th. The RSI is above 50 and finding support on 60, indicating for now, bulls are in control. There is, however, a bearish ascending wedge printing in the RSI and price is indicating a potential bear flag. Regular bearish divergence is currently printing, but is weak *so far*. MACD shows a burst above zero line on strong volume after consolidating directly below. MACD is above 0 so it is bullish but it is also slightly converging. I don't really see the bear flag playing out, at least not yet, for a few reasons. Firstly, volume. Although volume still isn't very high in comparison to later history, it is very high on the buy side when compared to the volumes of the bullish bounces that occurred during downtrend. This volume came in on a bounce off the potential symmetrical triangle support. Second, if you look back throughout the history of Tron, 315 Sats has held extremely strong historical support. Tron recently re-tested this support after plunging well below the .786 retracement, and 300 Sats held. The 2w close was well above 315 Sats, coming in at a whopping 357 magnum. Third, we are now above the .786 and consolidating in a bull flag. The .786 is a very sought after Fib retracement for support. If Tron closes the current 2w candle above the .786 retracement at 388 Sats we're going to the MOON. Institutions and professionals use this Fib where they can to accumulate. It usually marks extremely strong support. Overall, I am in a very long term long on Tron as a test. I will add more capital as Tron conquers the Fib levels from the 850 Sats high and simply raise my stop as it goes. The .786 is located at 388 Sats, meanwhile the .618 is located at 490 Sats. If Tron is indeed reversing Trend I would suspect in the short to mid term that it at least tests the .618, especially considering how many red weekly candles Tron has had. Sorry people, the chart is ugly. I'm decent at TA but horrible at making my charts look pretty- lol I promise I will work on that. That said, I believe you have all information you need on this chart to make a solid short-term trade if indeed Tron is bullish.
Long
by deactivatedaccount123
TRX Long wasted on weekly chartDisclaimer: ***Any information represented here is my opinion only and not intended to be used for financial gain. None of the information posted here is to be considered financial advice. Information posted here is strictly for entertainment purposes only. Please consult your financial professional before making any kind of investment. Investments can be very risky and any investor should educate themselves before investing by enlisting the help of a licensed financial professional. Past results are not indicative of future results in any construable way.***
by algocowboy2030
Tron (TRX/BTC)(Binance) Buy 0.00000437 BTC > 0.00000857 BTCTron (TRX/BTC) Information: Considering a purchase for 2 reasons. 1) The graph on the left will mark the point of support from which the price has rebounded and the candle has closed higher. This support may affect the price reversal. 2) On the chart, as you see, the channel was painted in blue and it also coincided with the zone where the throne is now. Two events suggest that a reversal may take place, but at the same time risks should be reduced and a short stop loss should be placed. About stop loss: Stop loss place at a minimum of candles. ------ Buy = 0.00000437 Take Profit = 0.00000857 Stop Loss = 0.00000415 ------ Take Profit = +96.20% Stop Loss = -5.12% --------------------- Profit:Risk = 18.8 : 1
Long
by UnknownUnicorn285026
1
TRX Position RecommendationBINANCE:TRXUSD on the daily time frame has been on a long term trend line (Uptrend) from its initial days. Breaking its biggest down trend in its entire lifetime on 20 Dec 2018, It is getting close to the same lifetime uptrend after a long time.Also the chart signifies in the last 80 days people believe BINANCE:TRXUSD worth more than 0.022 Cents, making this region as a support zone. Being close to support zone & the uptrend line,the Stop Loss & the Targets make a good Risk/Reward Ratio (At least 3.77 for first TP). I believe these are sufficient reasons for a Chartist to take a position. Stop Loss & the Targets are clear in the chart. please zoom for clarification. Aqua lines with numbers are important lifetime Fibonacci levels. Remember Money management is one of the essential keys to success in Trading. Good Luck ;) .
BINANCE:TRXUSDLong
by hghit
1
Huge short opportunity coming for #Trx#trx Based on Elliot wave count we are on wave B of correction. Not going long on $trx instead i/ll we looking for short opportunities in coming days. I am expecting a move to atleast 740 sats, before breaking down. I will update my analysis as we get nearer to the conference which tron is doing. Make sure you're following me to get the notifications. Leave a like if this helps. Comment below , are you bearish or bullish on Tron. Read other analysis below. (Over 90% + accuracy so far)
Short
by Crypto_Anarchist
8
Is this the bottom for TRX/TRON ?it's mainly for swing trading, i use the 3 day / 15 day / monthly charts with it and it works perfectly, it works good for stocks and cryptocurrency. you will use heiken ashi chart style and turn on the EMA DOTS indicator. once the indicator is on you will hide the heiken ashi so you only see the dots. when a green dot -0.53% -7.44% appears you buy, if a green dot -0.53% -7.44% appears after that green dot -0.53% -7.44% you hold your investment. if a red dot appears you sell your position. easy as that. the standard dots setting will be set to 10 - use this for any chart above 3 days change the dots setting to 6 for 3day charts and below shorter time frames will be choppy. larger time frames will be smooth. *Daytrading smaller timeframes is possible but not recommended.
by UnknownUnicorn2319099
1
Easy money. let it drop give me more red :) TRXBuy Green Sell Red // it's mainly for swing trading, i use the 3 day / 15 day / monthly charts with it and it works perfectly, // it works good for stocks and cryptocurrency. // you will use heiken ashi chart style and turn on the EMA DOTS indicator. once the indicator is on you will hide the heiken ashi so you only see the dots. // when a green dot -8.89% appears you buy, if a green dot -8.89% appears after that green dot -8.89% you hold your investment. if a red dot appears you sell your position. easy as that. // the standard dots setting will be set to 10 - use this for any chart above 3 days change the dots setting to 6 for 3day charts and below // shorter time frames will be choppy. // larger time frames will be smooth. // *Daytrading smaller timeframes is possible but not recommended.
BINANCE:TRXUSD
by UnknownUnicorn2319099
1
HUGE Update for TRX: Long opportunity incoming?HELLO! We're back with a not so educational post suited for you lazy asses who just want buying and selling signals. We're sure that many of you guys are confused by the super professional and complicated charts in TradingView. Many of you have questions like "So..Nice chart but at what price do we actually buy or sell at?" "Elliot's wave, HnS, Green trendline , Red trendline , Black trendline , Support, WHAT ARE THOSE!! I just want to know when to buy and sell.." Well fret not, cause we are here to save your lazy asses from googling and learning the "pro" terms of TA. We will be here to give you guys exact Buying and Selling Signals Congratulations to our group members and the people who followed our call. 55% profits. Congratulations to everyone who followed our previous charts too, we avoided the -20% drop Congratulations to everyone who followed our previous short call, +10% profits!:) During our previous calls, We had +50% +10% -5% (Stop loss) +10% We successfully got out with a total of before TRX dropped down to its current lows. In our part 5 chart, we told everyone to stay out of TRX and TRX indeed dropped down to 600 Satoshis. We successfully predicted BTC's drop to 6200-6300 which got us +10% Short from 580 Satoshis to 520! We successfully secured +10% profits for all of our members in our telegram group including you guys in our previous call! We are finally back in tradingview after a long hiatus attending to our telegram group. Lets continue to make more profits! Previous call: Short TRX if it breaks below 330 Satoshis. Targets are 290 280 TRX indeed dropped to 280 satoshis and we got out of this short trade! New Long call: Buy into TRX at current price of 350-360 Satoshis Targets are 390 410 430 Stop loss under 330 Satoshis We will update any changes about this trade in our telegram group. This is a risky trade considering how the market is now. Expect much volatility . On the technical part, we'll cut short the story and tell you why it'll be rising or falling: 1) We are able to see that TRX has a good solid support at 330-345 Satoshis. 2) Buying into TRX at its current range of 350-360 and stop lossing at 330 is a very good Risk vs Reward trade. We are able to gain maximum profits and minimum loss since we are at the lowest point of its price range. 3) This is a good support level for TRX. If the crypto market were to move up, TRX is your best bet for coins with huge upward potential 4) TRX is in a very pretty upwards channel after so long. If you ever wanted to enter TRX before, now is your best chance to. 5) This is still a risky trade, please set how much profit you are going to take out per target according to your risk appetite. We suggest 60%/30%/10%, we do not want to be risking to much in this market. We will be here for the long run in order to scoop up all the +% for you guys and burn away the -% For all the information above, you should be able to understand them as long as you learned how to read and speak english. Our posts are as simple as ABC but is probably what all of you came here for, which is to have the exact buying and selling signals. More coin signals coming soon. The main thing that we'll be doing is that we'll make you guys filthy rich. Do like this post and follow us if you want to continue getting direct Buying and Selling signals. if you have any questions, you can message us or search us up on telegram instead of twitter at "CryptoHawkSG" We love to use telegram instead of twitter solely because we'll be able to chat with everyone in the community We love you guys and we hope to make each and everyone of you rich. Cheers!
Long
by cryptohawksg