Tron
Tron (TRX) - February 17Hello?
Dear traders, nice to meet you.
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You should watch for any movement that deviates from the 0.05050-0.06103 range.
In particular, we have to see if it can rise above the 0.05577 point.
If it falls, you need to make sure you get support in the 0.04787-0.05050 range.
If you fall from 0.04787 point, you can touch 0.03998 point, so you need a short Stop Loss.
On the wRSI_SR indicator, it remains to be seen if the RS line rises by more than 20 and can turn into a short-term uptrend.
On the CCI-RC indicator, it remains to be seen if the CCI line can rise along the drawn uptrend line.
Due to the volatility of BTC price, altcoins' prices are either sideways or are undergoing price adjustments.
Amid this trend, if we can keep the price above the 0.04608 point maximum, we expect further gains.
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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 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.
Hence, 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 published by oh92. (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: Closed price
G2: Market price at the time of opening
(Example) Gap (G1-G2)
TRX/USD Cup and Handle in actionJust found a Cup and Handle pattern on the TRXUSD chart.
All the levels and indicators are highlighted.
Assuming we see further positive dynamics I will expect to see the forecasted trend as shown by the green arrow path.
What's your take on this? Please let me know in comments.
This is not an investment advice as I'm not a financial advisor.
Make your investment decisions at your own risk and perform your own researches.
And REMEMBER: Likes and comments make your trades much more successful :)
🆓TRON/USDT Analysis (15/2) #TRX $TRXTRX has very good support at $0.045 and this will be the launch base for the next strong rally of TRX. However, TRX needs to conquer $0.058 zone in order to continue strong to $0.08 and $0.095 zones.
📅NEWS
👉Feb 25 : PoloniDEX Delisting
📈BUY
-Buy: 0.044-0.046$. SL if B
📉SELL
-Sell: 0.056-0.058$. SL if A
-Sell: 0.076-0.080$. SL if A
-Sell: 0.093-0.097$. SL if A
♻️BACK-UP
-Sell: 0.044-0.046$ if B. SL if A
-Buy: 0.034-0.036$. SL if B
❓Details
Condition A : "If 8H candle closes ABOVE this zone"
Condition B : "If 8H candle closes BELOW this zone"
Tron (TRX) • More upside to comeOverall Tron is looking strong. Despite the fact we hit a major resistance level it just a question of time it will be broken because volumes in general are backing up the strong moves without being extraordinary strong out of proportion.
Next target range around 0.095-0.1
TRX USD broken above key level, looks set to run highAfter recent price spike (After Justin Sun Tweet on Doge/TRX) Tron which has been accumulating over a long period looks set to pump. The price has broken above a key level and I expect it to move upward in the range of 30-50% in the next few weeks. This is fairly conservative and it could easily move higher.
This is not financial advise
Tron (TRX) - February 10Hello?
Dear traders, nice to meet you.
"Like" is a huge force for me.
By "following" you can always get new information quickly.
Thank you for always supporting me.
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You should watch for any movement that deviates from the 0.04390-0.04787 segment.
If you go down from 0.04390 point, you can touch 0.03998 point, so you need to trade carefully.
If you fall from 0.03998 point, you can touch 0.03209 point, so you need a short Stop Loss.
In the CCI-RC indicator, the gap between the CCI line and the EMA line is large, so there is a possibility of price adjustment.
At this point, you need to see where you are getting support.
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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 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.
Hence, 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 from 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 or 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: Closed price
G2: Market price at the time of opening
(Example) Gap (G1-G2)
TRX/USD - Tron towards $9 cents! 🚀🚀🚀Tron broke out of its range and now is pushing higher fast.
We have one more resistance before we are clear to go to $9 cents. The momentum looks strong enough to make this quite likely and soon.
The indicators are extremely bullish and particularly on weekly timeframe we have a beautiful positive cross on MACD that will surely lead us into a great rally that can take us much higher than $9 cents.
Good to explore longs as soon as we break this resistance line and we confirm it as support.
Trade safe!
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