TRXBTC trade ideas
It’s a Good Buy Opportunity For MidTerm 📥 At Weekly Chart The Main Pattern Is Falling Wedge Also We Have a Big ABC Correction That Completed At 70 sat PRZ Zone And The Price Exactly Bounced From That point
📍 What About Now ?!
👉 First Wave (Impulsive) Completed At 290 Zone ,At The Moment The TRON Price Trying To Complete Second Wave ,200 Is a buy Zone And If The Price Breakout From The 300 Resistance New Impulsive Wave (Third Wave) Will Confirm
📌 Totally The Trend For TRX Is Bullish ,It’s a Good Buy Opportunity For MidTerm
TRXBTC (Tron) - Coin of the WeekThe total number of Tether (USDT) released on the Tron blockchain has just surpassed the total amount of Tether (USDT) issued on the Ethereum blockchain. Justin Sun, the founder and CEO of Tron, announced the achievement in the accompanying tweet, adding that it took 729 days to accomplish. In other news, Blockchain-based casino Playza has announced the launch of its platform on the TRON network.
Technically, we find ourselves in a daily correction that started 3 weeks ago and is preparing the next move up. We have to study how will the price react when it reaches the resistance area at 0,00000240 BTC per TRX. We have 2 scenarios, it will either shoot up and continue or fall to the support marked on the chart.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
TRX/BTC to Long?Crypto pairs still yet to pop... channel formation looks near completed... Over the next years expect an estimated 10x plus on returns.
This means Bitcoin will loose some strength to Tron in due time.
So far BTC/USD has gained approximately 20x (near $66k) from its previous bear-trend low of near $3k.
If market starts a new bear trend in the period this pair finds its breakout then there may be a correlation to this pair, this is a possibility I will be watching out for too.
Trade/Invest at your own risk..
will TRX hit 1 USD?looking at weekly TRX/BTC pair, TRX is currently at the verge of breaking the long time bearish trend line. if this breakout actually happens, either bitcoin should drop massively, or TRX will just begin its actual trip to the moon. a trip that current volatility will look like a straight line comparing to that!! will that happen? what do you guys think?
TRX / BTC This is a update on the daily chart i posted yesterday.
When you buy outbreaks it can be smart to wait for a daily candle close. The chart i posting now are on the 4h time frame. Here you can see that the red line did not hold support. Before you enter a breakout it can be smart to wait dor a daily close above support. A retest now to 231 sats to confirm a R/S flip is what i want to see before the big move.
My charts are never a financial advice.