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TRXBTC trade ideas

💡Don't miss the great buy opportunity in TRXBTCTrading suggestion: ". There is a possibility of temporary retracement to suggested support line (100). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . TRXBTC is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 71. Take Profits: TP1= @ 140 TP2= @ 200 TP3= @ 270 TP4= @ 308 TP5= @ 465 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex trader? Now, It's your turn! Be sure to leave a comment let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_World
33
Theories of the Dow Types of trends Phase TRON Still a little)According to the Dow theory, there are 3 types of trends. When the market moves in a certain direction, it never makes it a straight line. The market always moves like this: a new peak; rollback; new peak. A rollback is followed by a new maximum value, a new rollback, and so on until the trend changes. As a result, any trend can be decomposed into several stages. Each stage will have its own maximum and minimum value. If the trend goes up, then each maximum value will be greater than the previous one. Similarly for a downtrend, where each low updates the previous low. According to the Dow theory, there are 3 types of trends: 1) main. 2) secondary. 3) insignificant (small). The main trend is a key market movement. To determine it, you need to open a larger timeframe on the chart, say, monthly or weekly. This global trend ultimately affects everything, including secondary and insignificant trends. According to the Dow theory, the global trend lasts 1-3 years, which, however, can change. The main trend remains valid until there are clear indications of its completion. One of such indications may be, for example, closing the price below the trend line. Secondary trend , as a rule, goes against the main trend or acts as a correction to it. This is how the main trend can go up, and secondary trends - down. According to the Dow theory, secondary trends last from 3 weeks to 3 months, and the rollback against the main trend lasts from 30 to 60% of its movement. Also, the secondary trend is usually much more volatile than the main one. All these values are conditional, depending on the characteristics of the trading instrument itself. Minor trend (small) . In theory, this is a market movement lasting up to several weeks. As a rule, it is a correction to a secondary trend. In reality, the duration of the trend depends on the trading instrument in question ______________________________ A trend has three phases. According to the Dow theory, each trend has 3 key phases: 1) phase of accumulation (distribution). 2) the phase of public participation. 3) phase of panic (realization). Accumulation phase. This is the first phase, the beginning of an uptrend. It is at this stage that traders and investors enter the market, which can rightly be called professional. They have the greatest amount of information (often internal - insiders) about the current state of the market and the first to begin active actions. Other market participants do not realize at this time the state and direction of the market. Typically, this phase begins at the end of the downtrend. At this point, most of the negative news has already been taken into account by the market, due to which investors, despite low prices, begin to see an asset in the future. Of course, detecting the accumulation phase is not so simple. Often it goes after a downtrend. And it, in turn, can be just a minor trend in the general downtrend. As a result, instead of a new trend, only a temporary pullback is obtained. From a technical point of view, the beginning of a new trend is always accompanied by a period of consolidation. This is when the market moves sideways and then begins to show an uptrend. The phase of public participation. Participation phase Advanced investors and traders enter the market during the accumulation phase. In their opinion, the worst is over. When the trend really unfolds, the stage of public participation begins. Economic data are improving, the market is full of good news. The more such news, the more market participants connected in this phase. This phase is the longest of all, it is also characterized by the most active movement. Highs are constantly updated - exactly what investors were waiting for. The phase of panic (implementation). This is the phase where experienced traders and investors exit the market, while less experienced traders enter the market. As a result, such investors and traders are excited to buy at the peak of the trend, shortly before its spectacular fall. The same phase is a reversal phase - professional investors and traders understand that the market has exhausted itself and begin to close their positions opened in the first phase. To determine this phase, you need to carefully study the signs that the market growth is complete. Moreover, the more active the market growth, the stronger the subsequent decline will be. A similar story when the main trend is bearish and goes down. The situation is mirrored, and at the implementation stage, a real panic is often formed, when many inexperienced investors and traders dump their assets and the price receives the last downward momentum before growth.
Education
by SpartaBTC
6
TRON (TRX) Will Enter A New Bullish Cycle, But Why?In 2019 and 2020 TRON (TRXBTC) had a nice bullish cycle that ended in early September 2020 with a peak price of 465 satoshis (0.00000465) for 244% total profits from bottom to top... This year it will be more. We had a very strong correction of over 100% of the last bullish wave ending in a lower low... Recently we had a bullish breakout and now we are seeing a potential higher low. After 6.4 months of bearish action, red, we can easily see this trend change and see prices moving back up. Additional details (targets, support levels & potential profits) on the chart. Namaste.
Long
by AlanSantana
13
$TRX: Road to Redemption or Plot to Steal All My Money?If you all knew how much money I've lost on reckless TRX moves over the years you would be ashamed. But like any good Mongoose I just don't learn my lesson until I bite the head completely off of the snake. If this thing takes off there is plenty of room for profits. Let's give it a go shall we? Oh and if you're reading this Justin Sun, you suck. Warnings: If BTC continues on a tear TRX is almost aways guaranteed to plummet. So if we see another bull run we could see 75 sat and lower range. Also, this coin is cursed so good luck.
Long
by Teammongoose2
4
TRXBTC Could Head for All Time Highs in 2021 (Elliott Wave)TRXBTC is in a similar diametric pattern as XRPBTC was in right before the 2017 bull run where XRP increased over 500x against the Dollar and 50x against Bitcoin (see attached chart). It remains to be seen if this pattern will repeat on TRXBTC. If it does TRX could increase over 1000x against the Dollar. (XRPBTC March 2017) As you can see there is a similar ABCDEFG pattern on both of these charts. With selling momentum decreasing on TRX, it seems like bears are running out of ammo and soon this chart will reverse in a massive way. We could see more chop for a few more weeks before the rally begins, but at some point soon we should see a very large bullish reversal. Fundamentally, TRON remains one of the strongest competitors in the crypto space. It has nearly instant, free, and optionally-private transactions, millions of transactions per day, and one of the most robust dapp ecosystems in the world. There are many tokens built on TRON that could also see similarly large growth as TRX, including BTT, JST, WIN, SUN, and others. There's $10 billion in USDt issued on the TRON network, second only to ETH, with free and fast transactions compared to ETH's very high gas fees and slow transactions, USDt and most dapps on TRON have a significantly better user experience than ETH. The simple fact that TRON has such a fundamentally strong network but the price has been relatively weak also creates a massive fundamental/price divergence. For something with such strong fundamentals to be doing so poorly in price is an irrational situation, and that irrationality has created a massive opportunity which will be missed by most who are chasing short-term price movements and getting caught up in the fake news narrative and the herd mentality about TRON and Justin Sun. This is the same fake news narrative and herd mentality that was pushed in 2016 on XRP, right before XRP did its 500x gain against USD, making it one of the best performing cryptos of 2017. TRON is in an ideal position to repeat what XRP did in 2017, and possibly even exceed it. My target for TRX is at least a 50x gain against BTC, but we could far exceed that. I will be looking for an ideal exit as prices increase, but primarily I will be focusing on the USD chart and looking to take profits in the 40-350 USD range.
Long
by Intuit
6