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TRXBTC trade ideas

TRX ANALYSIS: CRITICAL MAKE OR BREAK TRX ANALYSIS: TRX is forming a small right shoulder at the moment as it re-tests the 200MA. This is a very critical point for TRX. Make or break, if you will. 200MA has been tested multiple times over and over and I expect it to be broken upon this try to hit T1 at 198 sats, T2 at 204 sats, and lastly T3 at 209 sats. This could be a fake out before another break down, given the volume and ATR decreasing. Therefore, take all profit at the given take profit zones. Possible Entries: 187-190 sats
Long
by altchicasignals
TRON Chart Fully Mapped | What Happens Next? | 72% Target MappedTRON (TRXBTC) is now trading within an ascending channel on a newly formed uptrend; higher highs and higher lows... What happens next? After the last high hit on the 14-Feb., prices for TRXBTC started to drop. Yesterday a low was hit 0.00000160 which coincices with the 0.786 Fib. retracement support relative to the last bullish wave, which can signal the end of the retrace. We can also notice really high volume today. If the bulls continue to garner momentum while pushing prices up, we can expect TRXBTC to reverse and hit this ascending channel TOP... This will result in 50% of gains or even more. Remember to have a plan/strategy if you decide to trade this call. This is not financial advice. Thanks a lot for your continued support. Namaste.
Long
by AlanSantana
4
TRX ANALYSIS (BOUNCE INCOMING!)TRX ANALYSIS: TRX has fallen sharply down to support, but a deep scam wick was eaten up by buyers. The buy side brought the daily wicks above 200MA at 190+ sats. This is a positive hold. I expect the sharp decline to be broken up by a relief run back up to daily resistance. The take profit targets are at 200, 209, and 217 sats. Take partial profit at each step as the sell volume has been extreme. Very possible TRX is rejected again at daily block zone. Possible Entries: 190-194 sats
Long
by altchicasignals
TRON Getting Ready To Move (60.60% Mapped)For TRON (TRXBTC), we have prices trading in between EMA300 and MA200... As marked on the above chart. Prices for TRXBTC went below MA200 (black line) just to quickly bounce back above this level while printing a higher low (light blue) compared to 8-Jan. - So, on the 8th of January 2020, TRXBTC hit 0.00000171 and started to move up. - On the 14th of February prices for TRXBTC peaked at 0.00000262, this is near EMA300. - Now that TRXBTC retraced and tested MA200 as support, it is likely to go higher and test EMA300 at 0.00000250+ once more. These signals are still early but we believe that TRXBTC can bounce here... We will see how it goes. Feb 2 | Tron Conquers New Resistance, Extremely Bullish (600%+) Remember to have a trading plan/strategy before you decide to trade. The charts are always changing, what would you do if prices go the other way? Always be prepared for all scenarios and do not get stuck on what you believe will happen next. Reduce risk... Start small... Take your time before you trade. This is Alan Masters... Thanks a lot for your continued support. Namaste.
by AlanSantana
TRX's Five Wave Elliott Formation Goes To 320 SatoshisI believe TRX began a trend reversal on September 9, 2019, the date on which the weekly RSI reached the lowest value ever recorded. The price has possibly began the third of a five wave Elliott formation, which is expected to take the price all the way to the previous breakdown level at 320 satoshis. The possible creation of an ascending triangle (dashed lines), which is a bullish pattern solidifies my belief for a breakout. The daily chart also shows a bullish cross between the 50- and 200-day MAs (golden cross) and the price finding support above the latter MA. As long as the price is staying above this MA and the ascending support line, its directional bias is bullish. (If you like my idea and want me to continue publishing, pressing the like button would be extremely helpful)
Long
by BitcoinMaximus1