Tron
TRX/USD - global. The point is that price has 2 phases (aka Wyckoff theory) : accumulation and distribution.
Previous cycle of phases the prica has passed. So current phase is accumulation.
Using 200MA we can see some similiarities with last phase.
Also Fib circles used for searching possible ressistence.
I am long for Tron.
vs BTC :
TRX is more confused than everA look at TRX daily chart shows that the long-term and medium-term trends are bullish.But the short-term trend is very confusing , The price candle on September 22, for example, was very promising, but the trading volume was small , As a result, buyers were unable to offset their losses on September 23 and a Dodge candle was formed.Today the situation has become more complicated and after the formation of the Dodge candle, now the price changes with emotions.I think the downtrend is more likely Because with a simple look at the chart, it can be seen that the power of descending candlesticks is more than ascending candlesticks.In the short term, the most important support is 0.085 and the most important resistance is 0.12.
This is not a financial recommendation.
This is just a technical analysis.
I starting to re-gain position on the TRXI starting to re-gain position on TRXUSDT. I'm starting to re-gain position on the Throne. Bought 20% of the position. I am looking for the mirrored level-zone 0.09-0.104 on the weekly timeframe. I think that it will be fixed at this level. If the price goes against, I will average 40% of the position in the 0.082-0.076 zone. The minimum from the squeeze on September 7th. I do not put a stop yet.
TRXUSD D1: XABCD 150% gains BEST LEVEL TO BUY(SL/TP)(NEW)Why get subbed to me on Tradingview?
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TRXUSD D1: XABCD 150% gains BEST LEVEL TO BUY(SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup
::: ALGOUSD 2days/candle chart review
::: XABCD setup in progress
::: currently ACCUMULATION MODE
::: point C is near 27cents
::: BUY/ACCUMULATE near market
::: strong bullish chart
::: up to 150% gains possible later
::: short-term pullback possible
::: bulls wait for pullback
::: SPECULATIVE SETUP
::: do your own due dill
::: and use proper risk management
::: TP bulls is +150% gains
::: details: see chart
::: FINAL TP is 16/17 cents
::: recommended strategy: BUY/HOLD after correction
::: best entry near 0.06
::: TP BULLS +150% gains
::: SWING TRADE: BUY/HOLD IT
::: bull run not over yet
::: good luck traders!
::: BUY/HOLD and get paid. period.
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BULLS/FINAL PUMP
::: Sentiment short-term: BEARS/CORRECTION
RISK DISCLAIMER:
Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
TRON - Overlook ✅TRON has two main supports on the way down: one local for short term and one key support for long term which is the area we've consolidated on for a while.
I said on the way down because TRX also is going through corrections, just like the whole market, and we're not sure when it'll stop since there are strong sell volumes on the market.
Not a good time for opening long positions at all, not safe at all.
Use this chart as your trade setup for now.
Current Market Price: $0.09321
Good Luck
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TRX/USD - Path to $0.20 🚀TRON macro view looks bullish as the trend is clearly up (higher lows).
If we count the waves, we seem to have completed all waves apart from the last fifth wave up. Once that is done, we may have a longer cool-off.
Price appears to be around half-way towards the top on this last wave. It's hard to guess the top, but I'd bet anywhere around $0.20 is a good place to secure profit. Some possible resistance levels are on the chart.
I don't exclude another re-test of support which would present a good buy opportunity before the last pump up. Then we need to re-assess the chart.
On weekly timeframe, indicators are bullish but I don't like the lacking volume. Hence, why on daily it does look like tron wants to re-test our support before we push higher again. So best to buy then if you are interested in longing Tron. If this plays through, you can double your entry, not bad.
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TRON at a 13% Discount - Potential Entries Before Next Leg UpA quick post that I thought was worth mentioning. Tron reset the RSI correcting ~13% since last night. When I saw that it was sitting on a confluence of support level from several different trends, I couldn't control myself and bought some more TRX at this 222 sat level. Bitcoin just had a little shakeout to $46750, but maintained it's bull flag. If it can show some strength and have a solid breakout beyond $48,000, I think we can expect a bullish continuation from TRX. The price could really fly if it breaks out against BTC.
TRX will see high prices when it breaks out!Here's a quick look at TRX 2 days chart. As we can see, the price has been going sideways and has printed a big symmetrical triangle. The price will probably revisit previous ATH when it breaks out. Definitely one to keep an eye on.
The best entry would be, when the price breaks above the symmetrical triangle with good amount of volume .
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The idea is: Buy the breakout from the symmetrical triangle and take profits at the levels shown in the chart.
Targets:
- Profits can be taken in the resistance zone .
1. 0.14$
2. 0.148$
3. 0.18$
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TRON Ready for another 200% move from here..?#TRX/USDT TA Update:-
$TRON currently trading at $0.119
Which is 18% up from our lower entry.
In the LINE chart also breakout and Retest also confirmed.
Now Waiting for Big move from here.
Stop Loss same at :- $0.09
Targets:- $0.152/$0.214/$0.313
If break $0.152 then we can see new All time high.
Support:- $0.1
Resistance:- $0.152
TRXUSD formed a 1D Golden Cross and aims at $0.30The Fibonacci Channel since the COVID market bottom fits perfectly on Tron. The latest key technical formation is the Golden Cross (MA50 crossing above the MA200) on the 1D chart. Last time we saw this pattern was in June 07/08 2020. That draws inevitable comparisons with that fractal.
See the similarities of then and now:
* The Golden Cross was formed after the price broke above the Lower Highs trend-line
* The Golden Cross was formed after the price broke above the 0.618 Fibonacci retracement level
* Since the bottom, the price has been trading within the 0.5 and 1.0 Fibonacci levels of the Channel (blue Channel)
* The LMACD on both is identical
What happened after the Golden Cross in 2020 was a sustainable 2 month rise within the 0.5 and 1.0 Fibonacci levels of the Channel supported by the 1D MA50 (blue trend-line) and then when the Resistance (previous High) broke, an aggressive rally followed just below the 1.5 Fib extension from the bottom and the 2.0 Fib extension of the Channel. Currently that's a little over $0.30 and that's what we are targeting on TRXUSD.
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Tron TRXUSD - Ascending channel + Elliott Wave- On the chart we can see an incomplete Impulse Elliott Wawe (5th wave).
- Rounding bottom or cup and handle is also printing on the chart.
- Volume is very bullish and also RSI is prepared for another pump!
- Target is 1:1 fib trend-based extension + top of the ascending channel + 5th elliott wave
- For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio ( RRR ) - please check my signature below ↓
- Huge bullish volume is also one of the positive signs!
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