Tron
TRON analysis in 2H time frame* TRON is in a tight consolidation between it's resistance around $0.09060 and the below trend-line.
* The below trend-line is working as support for the price.
* If the price breaks the above resistance we can expect a rally till $0.0960.
* TRON is bearish below the lower trend-line (support).
TRON - 3.5 Year Bullish Wedge Near Completion, Get Ready!TRX isn't on many radars as it has been pretty dormant the past couple years, but long periods of low volatility often lead to powerful spikes. You can see the falling wedge in pink that TRX has been bounded by the past couple years. But Bitcoin's latest surge has brought some life to alts and has TRX knocking on overhead resistance. You can see that the weekly MACD is very bullish as it finds support above the zeroline. Once resistance is broken, I think TRX will go crazy. Barring a BTC collapse, I think Tron is poised for a massive breakout. I know the volatility TRX brings (see Dec 2017), so I'm making sure I'm on this rocket ship before it takes off!
TRX is going to be volatileTRX should go to the resistance zone. on its way, there's a redline. if price breaks this line, it can go up to the next target. although there's no clear analysis of what happens in this gap.
The red support shown in chart is really powerful and will not be easily broken.
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TRX/USDT : Expecting a Bullish Movement.Hi every one
TRON/USDT
TRX/USDT has managed to Break the Descending channel which It was stuck in. Now the price has a Great chance to do a Good Bullish movement. It can reach the Resistance shown In the Picture (around 0.9) there is a Good chance that the price does a pullback to the channel before continuing the Bullish Movement.
Summery:
-TRX has broken the Descending channel
-The greatest Resistance for TRX is around 0.08$
-There should be a pullback before the bullish movement happens
Previous Analysis:
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Tron TRXUSD - Elliott wave + Massive channel!- 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!
- If you want to see more of these ideas, hit "Like" & "Follow"!
TRXUSD (TRON) Target Price 0.1120TRXUSD (TRON) closed above 0.0909 and retested 0.0909. Entry at close of pin bar.
TRXUSD Target Price 0.0916TRXUSD Tron Entry Price 0.0842. Trade Set Up is entry at Pin Bar Close Price.
Tron TRXUSD - Massive Ascending channel + Impulse Elliott Wave!- On the chart we can spot an incomplete Impulse Elliott Wawe (5th wave).
- Rounding bottom or cup and handle is also printing at the chart.
- 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!
- If you want to see more of these ideas, hit "Like" & "Follow"!
TRXUSD Great opportunity to go longTRX opportunity is possibly about to finish the current expansion that is doing and most likely would start retracing between today and tomorrow. Look for the marked areas. If price manages to reject multiple times marked area on the 4 hour chart, then it would be a great opportunity to go long and target the 1.27 or 1.618 fib area.