TRON (TRX) 4H NEAR FUTURE PREDICTIONTechnical Analysis Summary
TRX/USDT
TREND ANALYSIS
We have 2 Downward trend in red color
We have 1 daily Uptrend in green
The wider the trend the stronger the trend
FUTURE PREDICTIONS
We have many resistanse and support levels that I have mentioned above.
I use thickness as an indicator of stregth of levels (ONLY FOR VISUALS).
Hourly levels can be found on the 1H trx chart.
Good luck everyone, stay safe!
If you need help don't hesitate to send me a message or comment
Trading Involves High Risk
Not Financial Advice
Exercise Proper Risk Management
Trxsignals
TRXUSD Is it repeating this pattern?Based on the RSI divergence and how the 1D MA50 and MA200 are trading, then yes it is possible that TRON is repeating the August - November 2018 sequence. The current Triangle is completed with one last dip towards 0.01000, which will be the opportunity for buyers to step in. Moderate Target: 0.023000.
TRON is getting ready for a hyper bullish leg.The Inverse Head and Shoulders pattern I posted on early April has been completed and TRXUSD is now on the final accumulation phase before the major bullish break out of this cycle. I have two targets on this one: 0.03800 on the short term and 0.09500 on the medium term. The Inverse Head and Shoulders neckline should provide support during this process.
TRXUSD Short and Medium termOn the first chart (medium term) I've put TRON on the 1D chart, which is a bullish Inverse Head and Shoulders formation (1W). The neckline is obvious and is what has been providing the direction (through rejection and rebound points). One more Low around 0.02300 is left until the pattern aggressively breaks to the upside and towards 0.044 and 0.055.
On the second chart (short term) we see a quick profit opportunity on a 4H Rising Wedge within the current 1D Channel Up (the current bullish leg). This calls for a quick long target of 0.033500 before the final High of the 1W Inverse Head and Shoulders neckline rejects the price. If the Channel Up breaks, then this quick long opportunity is invalidated and I will only look to buy lower for the next bullish push.