Tron TRXUSD - ATH SOON, Falling Wedge + Triangle- Tron is breaking out of the falling wedge on the weekly chart
- Wait for the symmetrical triangle breakout to enter a long position
- Wave 1 and 2 seem to be completed, now I am expecting huge 3rd impulse wave to the upside
- 0.21 USD is an ALL TIME HIGH resistance
- Check my analysis on TRXBTC pair in related section below
If you want to see more of these ideas, hit the like button and follow me, so you don't miss any update!
Also, check my signature down below ↓
Tron
Three bullish reversal moves flashedBig wedge and Ichimoku cloud:
If we take a look at the long-term monthly chart, then TRX with Bitcoin pair is moving in a falling wedge pattern and still has more capacity to move more down against BTC to hit the support of this big Wedge.
But on the weekly chart, the Ichimoku cloud has changed from bearish to bullish. Now it is easy for the priceline to cross up this bullish cloud at any time. This indicates that this time the price action of Tron may not move down to hit the support of wedge on the monthly chart, as mentioned earlier.
Different support and resistance level:
Now if we take a look at the different long-term support and resistance levels in TRX with USD pair, the price action has been rejected by the $0.04 resistance then for some time moved above the $0.03 support but unfortunately, this support could not be retained and now the priceline is moving between $0.025 to $0.03 support and resistance levels.
Bull Flag:
On the weekly chart, the price action has also formed a big bull flag and also formed a symmetrical triangle. There is also a 25 simple moving average support below the support of this triangle.
Big Cup & Handle:
In the same TRX with US Dollar pair, on the long-term monthly chart, the price action of Tron has formed a big bullish reversal Cup & Handle pattern. There is also an exponential moving average 21 support at the support of handle.
Bullish BAT move:
While the price action has formed two bullish reversal moves (Bull Flag and Cup & Handle), it has also formed another bullish reversal harmonic BAT move on the 2-day chart and entered in the potential reversal zone of this pattern.
Conclusion:
The TRX coin has formed the bullish reversal BAT pattern at the right time when the price action has also completed bullish reversal moves on bigger time frames. Therefore now the TRX can start a long term rally at any time.
For exact buy and sell targets for this trade, and other harmonic trading signals you can join:
www.patreon.com
TRX formed bullish BAT for upto 27% rallyHi friends, hope you are well and welcome to the new update on Tron.
On the 2-day time period chart, the price action of the TRX has completed the final leg of bullish BAT and entered the potential reversal zone. There is also 100 simple moving average support below the potential reversal zone area.
Possible profit and loss ratio:
This trade has a profit possibility of 27.5% and the loss possibility is only 4%
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with the trade.
For exact buy and sell targets for this trade, and other harmonic trading signals you can join:
www.patreon.com
TRXUSD D4: 50% correction TOPPED OUT / SHORT RIPS (SWING)TRXUSD D4: 50% correction TOPPED OUT / SHORT RIPS (SWING)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup
::: TRXUSD 4days/candle chart review/outlook
::: SWING trade setup for position traders ONLY
::: long-term accumulation in progress
::: BUT topped out for this cycle already
::: expecting 40-60% correction next few months
::: to complete the sequence
::: before it can finall breakout of the range
::: correction is REQUIRED
::: later we can pump 200%+ from that base
::: but that's not until 2021
::: limited upside in 2020 so just SHORT IT
::: recommended strategy: SHORT SELL any rips/rallies
::: higher risk strategy
::: BUY low for a bounce
::: details: see chart.
::: TP BEARS on the swing is 40-60% gains
::: SHORT/HOLD setup / swing tarde
::: for patient traders only / no fast gains here
::: only use low leverage don't do gambling here
::: the sequence for the BEARS
::: Just short high and you will get paid, period
::: good luck traders
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BEARS/SWING/40% GAINS
::: Sentiment outlook short-term: BEARS/CORRECTION
TRON DAILY CHARTIn order to take advantage of a trunk move we must wait for the price to break the accumulation zone with wide range candles.
We can incorporate once the price breaks the accumulation zone,
if it returns to the bearish divergence to look for support and leaves us with a pattern of turning candles.
TRXUSD D1: XABCD / best level to BUY 40% gains(UPDATED)Why get subbed to to me on Tradingview?
-TOP author on TradingView
-15+ years experience in markets
-Professional chart break downs
-Supply/Demand Zones
-TD9 counts / combo review
-Key S/R levels
-No junk on my charts
-Frequent updates
-Covering FX/crypto/US stocks
-24/7 uptime so constant updates
TRXUSD D1: XABCD / best level to BUY 40% gains(UPDATED)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup
::: TRXUSD 2D chart review and outlook
::: XABCD setup / speculative
::: setup still valid as of right now
::: get ready to BUY LOW
::: expecting point C to complete soon
::: strategy: BUY at point C / TP +40% gains
::: overall nice setup, let's see what we get
::: short-term expecting mild weakness / pullback
::: so recommend to BUY/LOW near point C later
::: get ready to buy low from my level
::: and you will get paid
::: good luck traders
🔸 Supply/Demand Zones
::: supply/demand: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment short-term: BEARS/pullback
::: Sentiment outlook mid-term: BULLS/PRZ/D