TRON : Things always come in threes..Hello traders,
While Bitcoin is showing signs of weakness ...
... some alts like BINANCE:TRXBTC give really strong bullish signals.
Here I used my Heikin Ashi Swing Trading Indicator on the weekly.
The last two buy signals in this setup have been followed by insane rallies in the past, and don't we say things always come in threes?
But staying in the weekly timeframe is a bit boring... I mean it's great for some swing trades but we don't have time right?
Let's dive in the 5 minute timeframe for some scalping !
Using my Scalping Bot Indicator , we've been able to make some quick profits already.
Here are the results!
> Start using my indicators for either swing trading or scalping, manually or automated ! <
Indicators used:
TRXBTC trade ideas
TRON (TRX) - Trade IdeaSimilarly to other alts, Tron offers the same trend-following proposition. In this case, we would enter the trade on a new 47-day high by buying strength. Additionally, the R:R proposition compared to other alts is much more favorable and the volatility allows us to place the stop comfortably below a significant level of support.
Remember that a sound risk management plan would limit exposure to correlated assets. Since we can't enter a position on all alts at the same time, we must pick and choose the ones with a better trade proposal.
$TRX, Crossing above ~180sats resistance level, making a new HH$TRX
Crossing above ~180sats resistance level, making a new HH
If it manages to hodl/flip this level, then we may see new volume flowing in and pushing this asset to next target/resistance at ~220 sats (20%)
UCTS is signaling buy signals across many TFs
RSI at overbought
#TRX
Long $TRX on retest of previous resistance after a breakoutPrice is above the 21EMA which it haven't been in a long time. 21EMA is about to cross the 55EMA to the upside, last time this happend TRX rallied over 100%.
Looking at the chart it kinda looks like we are forming a rounded bottom, and considering how a lot of alts have been moving lately i think there's a possibility this could be some kind of reversal.
A daily open & close above resistance zone (red box) while the 21EMA crosses the 55EMA to the upside would confirm bullish market structure.
SL is very tight with this setup, it could be lowered quite a bit and still maintain decent R/R. But if we close above resistance and bounce we shouldn't trade back below the 21EMA
TRON - Long Opportunity, Risind WedgeTron (TRXBTC) is making higher highs, resulting in a Rising Wedge formation.
The price broke the Resistance Line at 0.00000184. A close of the 4h candle above this level confirms further bullish movement.
Expecting to reach Target I 0.00000192 - 0.00000195 and Target II 0.00000199 - 0.00000203 soon.
Leave a thumbs up if you like my idea and let me know what you think!
This will keep me motivated :-)
Disclaimer:
Any opinions, chats, messages, news, research, analyses, prices, or other information contained in this Idea are provided as general market information for educational and entertainment purposes only
Tron is one of those....Tron is one of those substantially voluminous coins.
TRON has 66,682,072,191 Tokens in circulation.
With 99,281,283,754 as a total Tokens supply.
For this Tron price to move one Satoshi..! it takes a huge amount of money.
The interesting part is that Binance is said to pay, at the moment some sort of incentives
to those who hold Trons.
Furthermore Binance seems to have invested some Millions into it.
This is some of those things you need to find out about Tron, only to make your best guesses, because the next guess could be:
How long it would take for this price to move in a meaningful way?
So far this Binance strategy seems to be working, the price has not gone down...
Real alt seasonBINANCE:TRXBTC
Hi.
In my previous prediction we learned that btc price should be at really good price to entering altcoins OK now we have break btc wedge and btc price is really tempting.
Now I think we may expect a really alt party and I think trough this party btc price will rise.
We will see market behavior and till then we are long on all alt exceptionally TRX.
Today`s ALT!!! TRXBTCBINANCE:TRXBTC
Exchange : Binance
Coin: TRXBTC
Buy Zone: 0.0000017 ~ 0.0000016
Target Point: 0.0000018/ 0.0000019/ 0.00000204/ 0.0000023
S/L: 0.0000016
Risk: MIDDLE - HIGH
Term: Middle - Long
It broke Symmetrical Triangle but there wasn`t Big pumping
Pink Line was made in April, so we can except Big pumping !!!
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Today`s ALT is that information is raised regardless of the Coin market situation
So sometimes there`s a high risk trading
Investment is your responsibility.
I'm just providing about coin`s information
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Tron divergenceI know that there was lot going on with Tron this year.
Even mr. Sun had few questionable moves which were not best received by Trons community.
All of that led Trx to fall to current prices.
We can't pretend that the tech behind Tron was superb and just 1 year later it's all gone. They have a good idea, Bittorrent was a really cleaver buy and their marketing strategy is just better than most.
Maybe way too centralized for the whole crypto concept, but they surely have their place in the future.
Said that, let see what chart analysis says about Trx:
We can see a huge RSI divergence developing for 5 months now.
I won't call it a bottom, but in my opinion the price shouldn't have gone below 300 sats in the first place.
This could be a great time to accumulate if you believe what Trx is and will be offering.