TRXBTC trade ideas
TRON $TRXThis is a no brainer, weekly chart is dope and one of the few coins which have not moved against Bitcoin. TPs are marked in the chart. Its about to start its new cycle as accumulation range is about to end soon. 26% to 60% ROI is easy peasy on this.
Caution: Always do your own research as cryptos are highly speculative assets. Not a financial advice.
ichimoku & moving 200 & fib divHello friends
The upward movement has begun.
High price of Como cloud.
The resistance ahead is broken and will continue to grow by touching the 200 moving average
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What is next forTRX?Hello, traders
See, for TRX, we had a reversal in an important support level, but in my view, we are still without trend since we felt the first resistance in 204 satoshis, if we pass that level I believe that the price can get the next resistance at 250
If a candle closes above 195, it calls my attention to the bulls being stronger.
At any case, 168 satoshis is a good spot point to buy this asset
Best Regards.
Sandro and Gustavo.
TRXBTC | Key Level |S/R flip Retest | Head and Shoulders Today's analysis – TRONBTC – Trading at a key pivotal level, putting in an S/R flip retest.
Points to consider:
- Valid head and shoulders (neckline breached)
- S/R flip retest
- 200 EMA support Confluence
- 21 EMA (visual guide)
- Low volume
- RSI trading above 50
- Stochastics buy cross
TRXBTC has breached its inverted head and shoulders neckline, validating the pattern and establishing a higher high, forming a bullish bias in the market.
Consolidating at it its daily support zone, putting in an S/R flip retest. Price needs to hold this level for a valid long trade.
Support zone is also in confluence with the 200 EMA acting as dynamic support, further solidifying this key level. Price trading above the EMA will support the bullish bias.
Further price development will allow the 21 EMA to act as a visual guide assisting in trade management.
Volume is clearly tapering off and below average. An influx of volume is key at this level to support the trend continuation and void any fake-outs.
RSI holding above 50 as it cools-off from overbought conditions; ranging above 50 will retain the strength in the market.
Further bullish price action will form a bullish crossover on the stochastics with ample stored momentum to the upside.
Overall, in my opinion, TRXBTC is in its buy zone for a valid long trade with technical targets above. Volume follow-through is needed and will be key for a bullish continuation.
If you’ve read this far - thank you for following my work!
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TRXBTC Opportunity for 40% potential profitTRXBTC Broken out long resistance and completed inverse head & shoulders pattern
My entries where as shown at 171 sat and 180 sat and I had 15% profit from my first entry and 10% profit from my second entry
More space to move for TRXBTC'
Now TRXBTC has came back to strong support level were i bought again at 188 sat. The neckline of the IH&S + the 200 EMA acts as strong supports at the given zone level.
New Entry: given zone
Target 1: 231 sat
Target 2: 263 sat
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Where is the magnet Tron?Here we can see that the S/R flip is around 186 sats and how we are currently flirting with it. According to my analysis' pov we are at the bottom of the channel. Chances are that we hunt for higher prices until we break up or down from this channel. On the chart you can see that we've never been very far from the 200 MA so as long as bitcoin keeps ranging laterally my bias stays upward for TRXBTC, at least until we're back above the 200 MA, once confirmed the 0.5 or 0.618 fib might cause a trend reversal or a slight pullback. Losing support of the 0.236 fib invalidates this idea so stay tuned!
*DISCLAIMER* I'm new to chart analysis since November 2019 and this idea is only for the purpose of sharing ideas -> NOT investment advice,
therefore any feedback from aspiring traders and experts are more than welcome.
Always keep in mind not to enter a trade to soon and remember to take profit along the way.
Stay safe, stay profitable & may the odds be forever in your favor ^^
TRXBTC - Doesn't look interestingLooked with one eye at TRX and found nothing interesting. Sitting on the support, low volumes, didn't react strongly to recent sudden BTC movements.
So, won't touch it yet. It will start look good for me if we get a weekly close above the previous one.
Hit the "LIKE" button and follow to support, thank you.
Information is just for educational purposes, never financial advice. Always do your own research.
TRXBTC is ready to explode 🦐TRXBTC is ready to explode, the price attempts to break week structure.
According to Plancton's strategy, we can set a nice order
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Follow the Shrimp 🦐
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
TRXBTC Inv. Head & Shoulders|Daily Support|Golden Cross|.618 FIbEvening Traders,
Today’s Analysis – TRXBTC – breaking out of an inverted head and shoulders where price consolidation above key levels will change the trend.
Points to consider
- Neckline breached (Pattern Validation)
- Daily support breached (Golden Cross confluence)
- Structural resistance confluence (Technical target)
- Oscillators cooling off
- Volume follow through (Continuation)
- Valid long on retest (Risk defined)
TRXBTC breached its neckline and established a technical higher high; validation of the pattern, bias is now bullish.
The daily support level is in confluence with the 200 MA, an official golden cross has also been established, further solidifying the importance of the level.
The technical target is in confluence with structural resistance, price action around the area will help with trade management.
Oscillators are both cooling off from overextended levels. Retest of daily support will magnet oscillators towards their respective equilibrium (50 levels) before a probable impulse. This allows for a more RISK defined entry.
Volume needs follow through for momentum to sustain, this will be key upon a retest of daily support.
Overall, in my opinion, a long trade is valid at daily support (retest), the .618 Fibonacci being an over extension. This retest must be backed by volume for follow through, failure will lead to trade invalidation - candle closes below daily.
What are your thoughts?
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