Tron TRXUSD SHORTS are edging towards ATHClearly the market sentiment is very negative. We are witnessing BTC shorts and Alts Shorts are creeping up so high. This is proven in Alts Market Cap that failed to maintain both levels, the 1D 50EMA and 1D 100EMA. And currently hovering above the 3D 50EMA.
And here we are with TRXUSD Shorts nearly at ATH. So yes the market is expecting a dump. BUT, and this is a FULL CAPS BUT, keep in mind this:
1) Market expectation is one thing. Remember, when the market was cheering for 100k few weeks back? What happened next? Market tanked?
2) So yes, we may go down from here. And since we are addressing TRX, TRX may go down along. But always expect a correction. So don't but your farm here, and be realistic and conservative when it comes to targets.
We are going down as indicators are showing so.
How far down? Follow closely each TA for an exit target. And be extra conservative and cautious.
Lastly, DYOR, do your own TA and never fall for cheerleaders or blood hunters. This is not a witch-hunt, this is a market that follows fundamentals and trends.
Tron
Tron (TRX) - June 8Hello?
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(TRXUSD 1W Chart)
If the price holds above the critical support point of 0.04413840, we expect the uptrend to continue.
However, if it falls above the 0.07500028 point, it may fall near the 0.04413840 point to rise again, so you need to trade cautiously.
Acceleration of the uptrend is expected to begin with a rise above the 0.09289318-0.10168507 section.
We expect further gains as we are seeing our first gains over a long sideways phase.
(1D chart)
It remains to be seen whether the 0.07253780-0.09389276 section can continue sideways.
If the 0.07253780-0.09389276 section continues to converse, it is expected to turn into an uptrend.
If it goes down, you should check to see if it finds support at the 0.05118284 point.
If it falls in the range of 0.04050536-0.05118284, it is expected to take a long time to rise as it enters the long-term investment area, so careful trading is required.
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(TRXBTC 1W Chart)
If it fell from the 318 Satoshi point in the month of June 2019, it has been sideways so far.
It remains to be seen whether the sidewalk can continue beyond the 165 Satoshi-194 Satoshi section, which is the middle section of the sideways section.
An uptrend is expected to begin with the breakout of the 318 Satoshi point.
(1D chart)
It remains to be seen if the 199 Satoshi-215 Satoshi section can support and rise.
If it falls from the 199 Satoshi point, Stop Loss is required to preserve profit and loss.
However, careful trading is required as it can touch the 165 satoshi point and rise.
A consolidation above the 215 Satoshi point is expected to continue the upward trend.
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We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** See support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
Explanation of abbreviations displayed in the chart
R: A point or section of resistance that requires a response to preserve profits.
S-L: Stop Loss point or section
S: A point or section where you can buy to make a profit as a support point or section.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day.
G1 : Closing price when closed
G2: Opening price
(Example) Gap (G1-G2)
Possible Bullish BreakoutTRX/USD looking to potentially breakout of this resistance level it currently sits at and is waiting for a bullish move to occur if BTC/USD breaks its current resistance most likely TRX/USD will follow and retreace back to 0.09000 to its new resistance point and from there we could see it go parabolic or see a potential retracement back down to our current level. I love this zone for long term spot entry going to build equity off this zone
TRX Local Work Masonic Triangle 66/39TRX Local Work Masonic Triangle 66/39
At the moment, the price is in a triangle.
The zones for work are highlighted on the chart.
They will be reached depending on which way the price will go.
In the case of a dump, the price will stop in the stability zone "444". Those who understand true numerology know that this is the level of balance.
In the case of an upward exit, the price will be at the borders of the previous triangle.
TRX/USDT situation explained.Hi every one
TRON/USDT
TRX/USDT is in an ascending channel. this means the price can range between the upper and lower line of this channel. as you can see the TRX is in a good position for a good bullish movement because the MACD indicator shows good bullish signals as well! as you can see there is a Regular bullish divergence (+RD) on It and the MACD line (blue line ) has crossed the signal line(orange line ) which is also a good bullish sign!
Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Thank you for seeing idea .
Have a nice day and Good luck
Tron as TRXUSD in Wave4,ready to start X-Wave to target 0.1235On this chart, trx is in correction wave of 4. The first part of wave4 as A or W is completed.
Now it's time to start 2nd part as Bullish X-Wave about 0.05 and potetial target zone is 0.1235.
after this X-Wave, 3th part of wave4 will be created.
Be careful, current X-Wave will be in zigzag form.
TRX/USD - How far it can go in Mid Term?Golden Time for Tron, I think
At 10th of June will be the first Airdrop of APENFT (that is creation of Tron) and the most will get one, who own TRX.
Airdrops will continue every months by the end of 2022 or so.
Plus Justin Sun is a hell of a marketing guy.
The first Target point will be around 0.39 USD (by August I think).
0.39 USD :
- is ATH from May 2018 (if you look at TRX/BTC chart)
- 3.618 fib is there
Let's see.
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.