Tron
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.
Update !! TRX/USDT is Retesting down-trendTRX is retesting downtrend which is broken 2 days ago. Everything is going natural. Still there is no close below EMA 21 and EMA8 is going above EMA21 ( green up triangle represents where EMA8 crossed up EMA21) , which means to be direction is still upward. Also 1h RSI is oversold.
A strong support area (red oval circle) has been formed, supported by:
EMA 34 (purple line)
10-days-long down trend
15-days-long up trend
Fibo-ext 0.236
I am still behind my goals in my previous analysis. You can check it from below if you miss it. I think the uptrend will continue in the near future.
If you agree or disagree, you can leave a comment :) . Have a huge profitable days.
(Not a financial advice)
1Inch and the reason I love it right now - Atlseason 20211inch is technically ready to go price discovery .
In March it reached a new ATH of 6.32$ (585% up move) and consolidated since then.
It was its first SOS (Signal of Strenght). Usually, new coins get slower and slower in their cycle.
But... this one is new!
With a market cap on ''only'' 862M, it has a lot of space to grow.
It remembers me also of UNFI after its first cycle, it went crazy from 4$ to 30$. See under i'll post a comparison.
LTC is another coin ready to ride BTW, i posted a couple of times on it.
Not saying it will but it could!
DYOR
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.
TRX Breaks Bull Pennant & Shoots For $0.20-TRX breaks out of week long bull pennant
-Bears defend $0.15 as key resistance
-12 hr stochastic RSI Indicates there is more juice in the tank
TRON , the 17th largest cryptocurrency, has had a bullish week rising nearly 45% from its low of $0.10 on April 8th. Along with this rally, other top altcoins have joined the party such as Binance Coin (BNB), XRP and Stellar Lumens (XLM). This may only be the start as TRX has broken out of its been pennant rallying nearly 20% today.
At the time of writing, TRX is in limbo between two important support & resistance zones as the bulls try pushing for a new 2021 ATH. The immediate support level is near $0.138 which happens to be the previous high of TRX set on April 5th. After the price broke out & retested its bull pennant, TRX quickly reached immediate resistance level of $0.151.
The bold resistance level of $0.151 is the mark for TRX to break and hold to have a shot reaching one of the last resistance levels ($0.20) before all time high. If the bulls fail to break this level we can expect the price of TRX to stabilize in the $0.127-$0.138 zone.
Viewing the Stochastic RSI (blue and orange), bullish sentiment is seen as a 4 day reset in oversold conditions have shot the value past 50 confirming a bullish upswing. This indicator is considered to be bullish anytime the blue moving average is above the orange moving average. Looking at the Relative Strength Index (RSI), the value has crossed into overbought conditions which is where the large bullish price movements occur. These conditions indicate TRON has switched to bullish mode and the bulls aren’t tired yet.
TRX intraday levels
Spot rate: $0.146
Trend: Bullish
Volatility: High
Support: $0.138
Resistance: $0.127
TRXUSDT - ALL TIME HIGH (HOLD)TRON just touched a new ATH.
Now I know I've always set buying and selling ideas for you, but this time I'm here asking you guys to buy this coin and never touch it for a few years...
Hold it, Stake it... get it locked! whatever you do, don't touch it. come back and see the results in 3 years.
Don't forget that TRON is one of the MOST strong coins in the whole market and is now supported by too many businesses.
Good Luck 🎲
Tell me your ideas. Like and Share 🗣✅
TRX/USDT Bullish Pennant or Symmetric Triangle Breakout?TRX breakout the bullish Pennant or Symmetric Triangle in the 2h chart. Retest and confirmation is very important for new entries. I will target 0.382 fib extension level (0.14660) in the first stage. RSI supports the breakout.
Also price is still above the ascending triangle which I posted yesterday.
All parameters make me so bullish.
If you agree or disagree, please leave comments :) . Have a good day with huge profits.
Not a financial advice.
TRX bounced from trendline supprtTRX / USDT
found new trendline Support
and pumped above resistance 23% fibonacci
these are good signs for continuation as long as we hold this trend support
Daily close below trendline will Invalidate this pattern in short term
Dont forget that we are riding the full bullish wave in TRX since 0.05$ level 🤑
Check here 👇
Good luck
TRX/USD: UpdateTRX has been riding the green support marked. A break below it would be a sell signal to try to buy back at next support marked. We are currently still above the previous indicated channels (May have to zoom out to see bigger picture). If price holds green support I'd expect price to hit to resistance line around $0.19 before a potential bigger pullback.
TRX\USD - Minimum Upside Target $1.50Currently under 15cents, I believe Tron still has some decent upside.
Due to this trend being choppier since the lows than Wave (A) this adds credence to the Wave (C) Zig-Zag theory.
I have linked the related TRX\XRP chart below in related ideas.
I also talked about the TRX pattern in previous video idea which I will also link below.
Just remember: I am not a financial advisor, I suggest using this only as a guide. Always do your own research.