Tron TRXBTC - Falling wedge + Impulse Elliott Wave- Impulse Elliott Wave completed on the weekly chart
- Due to rules, we should expect at least an ABC correction to the upside
- Double bottom pattern on RSI indicator
- Tron can start pump anytime soon as the price is currently undervalued
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TRXBTC trade ideas
Tron (TRX) Never Ending Bear Cycle (3+ Years) (1760%+ Potential)Tron (TRXBTC) has been in a bear market for the past 3 years... Amazing, in a bad way.
But, is it over?
Recently TRXBTC hit 72 satoshis as a new low, this is the same level that was hit as a high when this pair was introduced to Binance back in October 2017.
This is not the best of signals... But this might be it.
The RSI is ultra-low which at this point can be called "oversold"...
While prices have been dropping for years we have strong bullish divergence building up.
This bullish divergence is also present with the MACD.
When TRXBTC revives and changes course, you can expect a bull market that will last multiple years...
The market moves cycles up and down...
It's been down...
Soon, we will prices moving up.
Thanks a lot for your support.
Namaste.
LONG TRX, inverted head and shoulders hidden bullish divergenceAs we can see, from 21dec to 3rd Jan there was a lower low, however volume is increasing. This is a strong bullish divergence. This pattern is followed up with an inverted head and shoulders with nice volume pattern confirmations, as there is a declining volume on the way down on the left shoulder, and increasing volume on the way up, with the same applying for the head as we see a declining volume on the way down and increasing volume on the way up for the head, and the same for the right shoulder. The slight hidden bullish divergence with higher lows but lower volume indicates that no one wants to sell anymore at such prices. The neckline resistance is expected to break, and we should reclaim at least the 200ma in the coming days.
#TRX Pennant pattern, Breakout Will be Huge Long term TradeTRX forming pennant pattern in BTC pair. This is a Mid-term trade and after the breakout, we see a good rally in TRX. IOST has the same pattern and we all see how it skyrockets. TRX will do the same. 100 is the major resistance zone and we see some profit-taking there. This is a mid-term trade and all targets can be achieved. Don't miss this one.
Buy Zone: 77-79 (Add more in Dips)
Target: 88-97-109-125-140-160-175-196-216-235-260-295-345-395
Crypto|TRX/BTC|LongLong TRX/BTC
Activation of the transaction only when the blue zone is fixed/broken.
The idea is to work out the local resistance level of the triangle.
The "forecast" tool is used for more noticeable display of % (for the place of the usual % scale) of the price change, I do not put the date and time of the transaction, only %.
Blue zones - activation zones.
Green zones - take zones.
The red zone - the stop zone.
Working out the stop when the price returns to the level after activation + fixing in the red zone.
Orange arrow - the direction of take.
Blue arrow - neutral scenario without activating the trade.
The red arrow - the direction of the stop.