Tron
TRX - 4h. Buyers must prove their strength before $0.2 The bright growth momentum in the TRX market , which started only on March 31, ended locally at $0.149. On April 5, buyers managed to touch this mark, after which the TRX price began a rather rapid correction. In fact, in 7 days the price of TRX increased by 100% , and the volume of trades showed significant interest of investors in this project. If you look at the global TRX chart, you can find its historical high in January 2018 at $0.2. On the one hand, the prospect of continued growth to the global problem level is quite high. However, if you look at the 3-day timeframe , you can see a clear channel of TRX growth:
As you can see, buyers have managed to re-test the upper trend line of the growth channel. This event took place in high volumes and the sellers finally showed their presence.
We expect to continue the correction in the TRX market with the first stop of $0.87. In addition to the fact that we see a small consolidation in this range on the chart, if you look at the trading history for 2018, this mark will show an important liquidity level . By keeping it, buyers can safely continue the wave of growth to $0.2. However, we do not recommend buying this coin before.
An alternative scenario is a deep correction to $0.5. This scenario will increase its probability if the price of BTC breaks the range of $54200-54500.
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We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements.
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TRX - 6h. Buyers have a chance to test $0.07TRX Buyers aggressively launched an attack in the $0.037-0039 range yesterday. This range f rom August 2020 keeps the price from continuing the growth trend. 3 previous attempts by buyers to take control of the range ended in a sharp reversal of the price to the liquid price zone of $ 0.023-0.024.
However, this attack is special. In our opinion, the buyers managed to neutralize the main sellers on January 29. The strong momentum on high volumes has satisfied many sales orders. After such an event, the sellers did not launch a counterattack, which signaled their weakness.
Today we see that the price of TRX is uncorrected to the mark of $0.05 . this mark is in fact the limit of the global 2-year consolidation. After breaking this mark, buyers will be able to continue to grow to $0.07. However, if we remember that the historical maximum of TRX is around $0.2 - there is still a lot of work for buyers.
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We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements.
Subscribe to us and get daily concise analytics!
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 - buy, hodl and stake TRON! 🚀TRX is on our golden list of altcoins for long-term. It is very good project for holding and staking. You can stake it for example on ledger. We strongly recommand you to stake all coins which you are holding on long-term but only if that place is safe. You should stake just in places where you are owner of your private key such as Ledger, Exodus or Atomic. Ledger is most safe of course but you can stake there just few of altcoins.
TRX is really nice coin, it already gave our subscriber +100% (in btc ) but we are sure that it will pump harder + we will maximize our profits by staking. Remember that even if your staking rewards are not so big - we will sell this coins after it will give us 300-1000% or even more. So your rewards will be also +300-1000% and after that it can be much bigger amount.
🚀 This coin is on our golden long-term altcoins list. It may be very good project for long term investment.
❎ No TP for long-term investments. We can`t predict exact altcoins targets in long term, but thanks to our experience and glassnode we are able to predict exact bitcoin targets. Our long-term strategy is just to hold these altcoins until glassnode indicators will say us that we are close to end of bullrun. And then we will sell everything in 15% parts.
✅ Bullrun is easy. Just accumulate coins from our golden list (long) and play with our signals (short). Diversification is the key to success.
TRX - buy, hodl and stake TRON! 🚀TRX is on our golden list of altcoins for long-term. It is very good project for holding and staking. You can stake it for example on ledger. We strongly recommand you to stake all coins which you are holding on long-term but only if that place is safe. You should stake just in places where you are owner of your private key such as Ledger, Exodus or Atomic. Ledger is most safe of course but you can stake there just few of altcoins.
TRX is really nice coin, it already gave our subscriber +100% (in btc ) but we are sure that it will pump harder + we will maximize our profits by staking. Remember that even if your staking rewards are not so big - we will sell this coins after it will give us 300-1000% or even more. So your rewards will be also +300-1000% and after that it can be much bigger amount.
🚀 This coin is on our golden long-term altcoins list. It may be very good project for long term investment.
❎ No TP for long-term investments. We can`t predict exact altcoins targets in long term, but thanks to our experience and glassnode we are able to predict exact bitcoin targets. Our long-term strategy is just to hold these altcoins until glassnode indicators will say us that we are close to end of bullrun. And then we will sell everything in 15% parts.
✅ Bullrun is easy. Just accumulate coins from our golden list (long) and play with our signals (short). Diversification is the key to success.
TRX Enters Consolidation, Where Will The Bulls Defend Support?There is no doubt, TRX has surprised even its biggest believers this last week, with an impressive breakout above the .05 cent resistance to peak in the last 24 hours at nearly .15!
No markets continue in a straight line forever, and the consolidation (or pullback) for TRX seems to have begun. The only two questions that remain are where will the bulls find their support, and will that support continue a trend higher?
From a larger timeframe the old .05-.06 resistance is a logical new support, but that is pretty far off right now, and there are more aggressive technical levels to now consider.
The chart shared shows a potential 15min supportive fib, and the trendlines that the market is testing.
.10 cents extension 50% fib aligns with March highs and the bull flag that took us into April.
Tron (TRX) - April 7Hello?
Dear traders, nice to meet you.
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You should watch for any movement that deviates from the 0.12036764-0.13435448 section.
If it falls, you need to make sure you get support in the 0.11337422-0.12036764 range.
In particular, it remains to be seen if it can rise along the uptrend line.
If you go down at 0.09239396, you need a short Stop Loss.
If it falls from the 0.06442028 point, a Stop Loss is required to preserve profit and loss.
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(TRXBTC 1D chart)
181 Satoshi-234 Satoshi We have to watch for any movement that deviates from the point.
In particular, we have to see if we can gain support and ascend at the 209 Satoshi point.
If you fall at the 154 Satoshi point, you need a short stop loss.
However, it may rise along the uptrend line, so careful trading is necessary.
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** All indicators are lagging indicators.
So, it's important to be aware that the indicator moves accordingly with the movement of price and volume.
Just for the sake of convenience, we are talking upside down for interpretation of the indicators.
** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the conventional 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 that oh92 disclosed. (Thank you for this.)
** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on 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 segment that can be bought for profit generation as a support point or segment
(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment transactions. 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 do not trade 24 hours a day.
G1: Closing price when closed
G2: Market price at the time of opening
(Example) Gap (G1-G2)
TRX/BTC could it be the end of third trendThe trend is your friend, until the end when it bends
ATH at Oct 2018 for 2000 sat, this crypto asset has a good track records of trending end of Y018 and mid of Y2020. Now at 230 sat, which almost 88% discounted price over BTC has shown an increased of almost 200% in 3 weeks.
What is the next big thing after Bittorrent acquisition? We ponder on this. Sometime good news is not a good news.
Shafiq Neurotrader
shafiq,cryptocall@gmail.com
Tron (TRX) can go higherTRX / BTC
We made very nice Profits in this coin since my last call 2 weeks ago in USD PAIR
today i want share with you my TA in BTC pair weekly chart
Tron restored weekly support again and try to break strong trendline resistance since 2018
Yes its high now but can go higher
I expect some consolidation now before next wave but whos know when
Tron can go higher if hold this weekly support
(keep watching weekly candles closure )
Note : we still in resistance zone
Who's bought with me at first place enjoy now 🚀
Best wishes 🙏