TRX Tron Technical Analysis and Trade Idea PLUS My Trading Plan In this video, we delve into a comprehensive technical analysis and trading concept for TRX (Tron). Our assessment reveals a potential trade opportunity. We meticulously analyze the current price action, closely scrutinize market structure, and incorporate market dynamics. Based on favorable conditions, we identify a potential entry point. However, it is crucial to underscore the significance of implementing robust risk management strategies. Please note that this video is purely educational and should not be construed as financial advice.
Tron
TRX Ready for Parabolic Bullish Cycle ⬆BINANCE:TRXUSDT
Hi Traders, Investors and Speculators of the Charts 📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year.
After finally breaking out of triangular consolidation, TRON has confirmed a reversal after the bearish market and is starting a new bullish cycle. From the left we analyze the trend lines to get targets for the next bullrun and on the right we take a quick look at technical indicator CryptoCheck START V3.5 to confirm the bullish bias.
INCASE YOU MISSED IT : 👉 Another altcoin recently formed a bullish pattern:
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CryptoCheck
Is TRON leading the market? When will market crash?Tron has shown extreme relative strength in down market
Tron held up relatively very well. It fell less than ever bitcoin this bear market. That is a strong indication of relative demand. Important to keep in mind that not only was it relatively strong from a technical standpoint, fundamentally its users/fees was extremely relatively high. It looks like one of the biggest value plays in crypto and its moving as such.
Keep an eye on USDT for when market crashes
If USDT starts to drop then we can see cash being pulled out of the system rather than just cycling thru to either BTC or ETH (or TRX?) or TOTAL3. The rotation of capital is a nice cycle but it does always lead to eventually a net redemption of stablecoins as capital rotates out entirely to book profits and look to other markets (bonds/commodities/equities). Keep an eye on USDT for this moment!
TRON (2023) v BTC (2016)Tron (TRX) has been a legacy coin that has held its own and carved out a niche
Most legacy coins have faded away into obscurity as they've been unable to find a usecase or adoption. They may still have high market caps and may still turn things around but as of now many older coins are falling down the ranks. New coins are eating up dominance. Not for Tron. Tron has consistently been raking in fees and holding a relatively very low fee to price ratio (according to tokenterminal).
$3m in daily fees v SEED_TVCODER77_ETHBTCDATA:8B FDMC
To put into perspective.. Ethereum has had $3.4m fees in the same 24hr period and has a $200b+ FDMC. This makes Tron look wildly cheap into those isolated terms. According to Tron they'll continue using fees to burn token supply. Essentially share/token buy back program. With SEED_TVCODER77_ETHBTCDATA:1B in yearly fees and SEED_TVCODER77_ETHBTCDATA:8B in FDMC.. in 8yrs time 1 single TRX will be worth SEED_TVCODER77_ETHBTCDATA:8B (all things remaining equal.. they wont).
This creates an interesting opportunity to keep an eye on.
From a TA perspective we have a very bullish structure on TRX
This structure is reminiscent of BTC back in 2015/2016 in the build up to the 2017 bull market. Check video for more details on the technical side of things.
TRX - Bullish Setup in a Bearish MarketHi Traders, Investors and Speculators 📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫
In today's analysis, a quick video on TRON / TRXUSDT with a potential long setup with a low risk and high reward. This trade is based on the fundamentals of buy the support zone and sell the resistance zone. We also take a quick look at the volume to back up this potential trade.
While you're here ! Check out this weekly outlook on BTC 👀
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CryptoCheck
Crypto Explainer - What is TRON (TRX)?Despite being in the shadows for a while now, TRON is a very interesting project that aims to decentralize entertainment applications. From file sharing all the way to gaming, this is definitely an interesting project.
TRX, the native coin in the TRON blockchain made big jumps lately and is eyeing its previous all-time high.
Will TRON breakthrough and prove to be better than Ethereum?
Cheers, from CryptoTicker
TRON (TRX) Price to Double in Value? 99% In ProfitIn one of my previous videos, I mentioned that there was likely going to be a correction. The correction indeed happened. However, it looks like the asset is bouncing off of MA200 and is not going down to MA65. One of the reasons why this is happening could be the fact that the entire market is recovering right now. So, some assets are climbing up higher than others. TRX is on the slower-moving end.
TRX - XRP - UPDATE - Now We Have A Bit More ClarityIn this video I adjust the count but you will notice that the count does not dramatic change the whole view.
It does however change the Tron target and explains what we can expect from XRP.
Wave count adjustments using AriasWave is like fixing your hair on a windy day.
Just needs some adjustment to look right.
This however is done using a proven methodology which is in the process of gaining credibility.
Let's see how this one pans out.
I can see the general landscape starting to reveal important clues.
There is more work to be done so I will carefully think about what else I should update you on next.
See related ideas below.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial advisor, I suggest using this only as a guide. Always do your own research.
Each video idea I post builds on the previous idea as I use AriasWave to try and navigate the waves in Crypto Markets.
TRX/XRP - Observe How Detailed AriasWave Analysis Is...Last night I posted the video idea titled: TRX/XRP - XRP Near a Top - TRX Getting Ready for $1.50
You try and tell me that this analysis is wrong, go ahead.
I teach this for a reason , this is not guess work. It's the best Technical Analysis methodology on the planet.
Now let's get ready for $50 XLM so I can once again show you how it works.
It doesn't matter what you believe, the proof is in the pudding.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial advisor, I suggest using this only as a guide. Always do your own research.
TRX/XRP - XRP Near a Top - TRX Getting Ready for $1.50As we continue the analysis with this very interesting pair I also analyze each coin individually.
AriasWave always aims to make sense of what is going on any chart so you can make informed decisions.
It took 6 years to develop AriasWave, so as you can imagine I live and breathe waves.
I highly doubt you will find anything else out there that even comes close to this methodology.
I am always happy to share these insights and hope you enjoy watching.
Check out related ideas below.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial advisor, I suggest using this only as a guide. Always do your own research.
TRX\XRP - Tracking Minor Waves - Making Note Of The Differences In this video I go through TRX, XRP and TRX\XRP.
The idea is still the same and continues to be a consistent view on these very interesting charts.
I make note of some key differences between the corrective price action and what it will mean moving forward.
Not all Cryptos will make stellar moves but that's OK because we have potentials targets at our disposal.
I know where I am putting my dirty fiat.
Either way we are approaching an interesting crossroads for these pairs and I will continue to track them.
I have taken the liberty of linking some related ideas down below in case you are bored.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial advisor, I suggest using this only as a guide. Always do your own research.
TRX\XRP Update - Turning Point For XRP - Tron Eye's $1.50Just a quick update on the Tron VS XRP situation.
I am long term bullish on XRP so I am going to use this analysis to buy more XRP using profits from TRX.
It's an interesting situation and one that will either prove to be either successful or simply wrong.
The proof will be in the pudding.
Check out the related ideas linked below.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial advisor, I suggest using this only as a guide. Always do your own research.
TRX\USD - Update On The Latest Price Action And A Little Extra..In this update I go through the waves, this time with a little more conviction and even going as far as to label small degree waves.
How about that...
Learning the waves is like going on Google Maps and learning every street in your neighborhood back to front and knowing them like the back of your hand.
Then you could plan a heist.
Same thing with the waves, you can gain a lot or save yourself pain simply by knowing the patterns at all degrees starting from the largest degree.
There is so much more to cover so I better get on with it.
Please see related ideas linked down below.
Just remember: I am not a financial advisor, I suggest using this only as a guide. Always do your own research.
TRX\XRP - Update On The Coming Reversals + Small Degree AnalysisIn this quick update I talk about the signs of a reversal in the TRX\XRP pair and what that means for both Cryptos in the short term.
I also drill down to the smaller degree and explain how I see the waves.
In my opinion TRX follows Bitcoin whereas XRP follows the NASDAQ\Dow Jones.
These are very important distinctions which I will be elaborating on as I analyze other Cryptos when I resume the series in the coming days.
For now I just wanted to share this update as I continue to track every movement these two Cryptos make before we start planning for what comes ahead.
See related ideas below.
Just remember: I am not a financial advisor, I suggest using this only as a guide. Always do your own research.
TRX\XRP Update - TRX Looks Ready To Rise - XRP Still Moving UpTRX Has broken above 15 cents so I thought I would give an overview using the latest analysis for these Crypto's.
In this video I discuss how these pairs are moving in relation to the Wave D in the Dow Jones.
I discuss the waves we are seeing and what to expect.
I believe these are bear market rallies but that doesn't mean we cannot make profits along the way.
Just remember: I am not a financial advisor, I suggest using this only as a guide. Always do your own research.
DOW JONES VS CRYPTO - Discussing The Overall Bullish ThemeThis is video 15 in this series.
In this video I talk about the overall bullish theme and how alt coins seem to follow this theme.
Alt coins create their own hybrid version of the waves that occur in the Dow Jones and Bitcoin.
I didn't get time to touch on the EURUSD chart but will likely continue this in the next video.
The point I am trying to make here is that we still haven't seen the end of the overall correction.
It's ok to get excited about bear market rallies but you should at least know if you are trading within one.
As I continue to build on previous videos we should start to see more progress with understanding the moves ahead.
Just remember: I am not a financial advisor, I suggest using this only as a guide. Always do your own research.
TRX\XRP - Tron VS Ripple Continued - Analysis of Current StateThis is video 14 in this series.
Before we really start getting into the essence of this entire series I want to add some more of my thoughts on these pairs.
We have just seen a break of the start of Wave E of Wave 4 in Bitcoin so I want to talk about how some ALT's have reacted.
So far this price action keeps adding credence to the FOMO\Hype scenario we are seeing in the crypto sphere.
I just want to touch on a few things before I really start to the lay out what I really think is happening across the board using a confluence of data from many charts.
Remember that each video idea in this series builds on the previous ideas and I am only just getting warmed up.
Be prepared for what is to come by checking out previous related video ideas from this series linked below.
Just remember: I am not a financial advisor, I suggest using this only as a guide. Always do your own research.
TRX\XRP - Tron VS Ripple - Piecing Together Some CluesThis is video 12 in this series.
In this video I go through the TRX\XRP pair which I recently discovered to see how these markets affect each other.
I am not 100% sure why these inverse correlations exist but I believe it opens the door to other inverse correlations that exist between certain Cryptos.
This pair adds further credence to the views I have on these two Cryptos but we need to see more evidence.
The best indicator is price action so once again I go over these waves.
There is also a wave revision on TRX so this may start getting interesting.
Check out other ideas from this series linked down below in related items.
Just remember: I am not a financial advisor, I suggest using this only as a guide. Always do your own research.
TRX - Wave 3 of 3 Has Commenced - Tron To The MoonThis is video 9 in this series.
This coin is about to blast off into the next galaxy.
Out of all the Crypto charts I have seen so far this one is by far looking the most bullish.
Just because something appears to be moving up does not mean it will keep going.
This one is different.
Check out the rest of this series down below in related ideas.
Just remember: I am not a financial advisor, I suggest using this only as a guide. Always do your own research.
Tron (TRX) • More upside to comeOverall Tron is looking strong. Despite the fact we hit a major resistance level it just a question of time it will be broken because volumes in general are backing up the strong moves without being extraordinary strong out of proportion.
Next target range around 0.095-0.1