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TRXETH trade ideas

TRXETH updateSo a update on my TRX vs ETH - I haven't dubbel downed yet, draw this peace yesterday, went to sleep and ill just see how this one plays out - mainly looking at some other pairs that i might post Anyway i hope u learned or could give me some advice always welcome. -- So looking at the chart is has bounced pretty sweet of the trend lines, just hoping it would now push tru the RSI middle Res line at the moment how i see it if this one could become support line a bullish trend would come faster then i excepted "note: i am in favor for bullish since i have a bag of 6%-7% of trx just to let u know my side on this" the MACD looks like it would go in a uptrend even the ema would suggest a reverse is incoming but always keep in mind that nothing is for sure until completed Trade Safe Samurai Ben
by samuraiben
Tron forming a triple bottomIf Tron is forming a triple bottom than we will see soon an outbreak. But its hard to tell if this outbreak is going to go up or down, it can go either way. The volume dropped and volatility stepped in and Tron had several attempts to break through 0.000085 but it failed several times due to lots of sellers getting out to invest in other coins since Tron does not show any signs to follow the uptrend. So this could be a negative sign. But again, anything is possible. We have seen it over and over.
Short
by anakinski
TRON!! WHAT DOES THE FUTURE HOLD FOR US!! WHY ARE WE DROPPING!?!Hello guys and welcome back to another TRX/ETH update on the 1-day candles. After my last one TA, it seems like some people want to know more and I think now is the time to re-look and re-adjust our view of the long-term market. I promise this time to be less over the top and to try and focus on the plethora of things I've indicated on my chart (I've indicated various points with Letters or Numbers which I will come back to in my analysis. To begin, we still have a strong resistance at .00012xxx TRX/ETH and a breakout above this would likely result in a huge pump, however, I don't expect this to happen until sometime around May 31 (with the release of the MainNet). Secondly, we have a strong rising support at the .0005xxx level, where the Exchange Rate mostly played around for a long while and if we ever drop under that again it would likely be very bad news. Now that we got that out of the way, its time to talk about the rest of what I've drawn. And before I do that I am fully disclosing that I am a Bull on TRX/ETH but that I do not like to miss out on flips so I always analyze both the good and the bad. This will be, for the most part, an unbiased analysis. To start with the good news (for longs). We are nearing a switch from the previous Bearish Momentum and are looking to have a rather Bullish turnover when looking at the Stoch RSI at Point B . We may also bounce off of the rising supporting RSI trendline which I have drawn out and indicated. This is very interesting because this line actually retraces back a couple months all the way back to November. What this means is that we have a good chance of bouncing off of it and having a nice run-up but also that we will eventually reach overbought conditions and drop below this trend-line. I will go more into this later on when I talk about general analysis but for now, I'm sticking to just analyzing what the indicators tell us. Next in line to talk about is what looks like a bull flag. In Japanese Candlestick Charting, there is something called the Rising Three Method which comprises of a large green bar (the one with the arrow pointing at it) followed by small-bodied sells or buys that trade within the prior green bars range (the Japanese say it should be three but Steve Nison (the person who introduced Candlestick Charting to the West) states that it can be greater than three). The flag also follows Western Indicators which state that a bull flag comprises of a strong volume buy followed by low volume playing within a range which is exactly what we see with our current flag. And lastly, while I have not included in the chart to save our eyes, the support line is also located at the .382 Fibonacci Retracement which could give us a good bounce if we bounce. Now that we've gone over some of the bullish indicators it's time to look and the bearish signs, of which there are not too many. The first one I noticed right off the bat is what looks like a Bearish MA cross from the 12-day close under the 25-day close indicated at Point A . This is not the worst thing in the world but it can invalidate the bull flag if the bull flag confirms. The second thing that is Bearish fundamentally is the fact that ETHUSD and BTCUSD are having their runs right now and while I won't analyze those coins right now I will say that if those prices rise our exchange rate can take a beating. The reasoning is quite simple, people want to flip into ETHUSD and take profits there while TRX decreases and then they'll come right back in. Thirdly, I don't know how strong our short-term support at .0007xxx is since we haven't been able to really confirm it, other than it lies near the .382 Fibonacci Retracement. Since I have no more room to write I will continue my post with an update. ALSO. PLEASE LIKE AND FOLLOW IF YOU WANT MORE. I KNOW YOU'RE READING (I have the most views on Tron updates)!!!!
Long
by RandomGuyTalkin
3
TRON!!! Where Are The Supports? Whats Going On? WHAT DO I DO!?!?(The analysis is down below, Read for priors) Hey guys, I'm back with a better analysis of my favorite coin TRX/ETH and like everyone else, I was confused this morning waking up to TRX/ETH being up 33%. While I have nothing against TRX/ETH being up, WE have to understand why. First thing I do is check Twitter and there you have it Justin Sun, my main man, the legend, the one man army, tweets, "#TRON is listed on @BithumbOfficial @Bithumb_Korea Welcome trading #TRX in http://bithumb.com" But that's not all, there more. "TRX/KRW trading pair is now available in @UPbitExchange." This is the Creme-De-La-Creme. The Finger Licking Good News. He finally got a TRX/ETH to fiat trading pair on a PROMINENT Korean Exchange, UpBit! Now we're not talking some small money here because this is the real deal. How real? Well TRX/ETH is the third most traded coin as of writing this, 200m shy of taking down TETHER! Basically, he just added 500 MILLION dollars to the liquidity of TRX/ETH and placed it as a prominent coin. Not one that jumps up 60% and then gets hit by a 51% attack on its mining. (Ya its a rip, take it as it is). But let's get into the meat. After all, we are traders here and not blind to the market. So let's look at the technicals. (I mainly use Japanese Candlestick Charting with Western Technicals) First off, right off the bat. We have a VERY STRONG Resistance at the .000012xxx/ETH exchange rate. The first time we tried taking it down we developed an Evening Star Pattern on the candlesticks and immediately after we also developed a Bearish Engulfing Pattern on the candlesticks which were not good signals and they subsequently became a SELL indication. It brought us down to around .00008xxx, where we got a clear Hammer, a buy signal, and created a support which was confirmed last night with the Morning Star Pattern. Together, these patterns confirmed a short-term support around the .382 Fibonacci Retracement. Cut and Dry these are simple techniques that I use to see where the resistances and supports lie. So this is what happened, Now let's try to look at whats going to happen. So there are a few scenarios. First off, the volume is shrinking, meaning we are losing buying pressure since the pump and we may see a sell-off in the near future. While writing this there also seems to be a confirmation of the Evening Star Pattern, a sell signal, the pattern being a Green bar followed by a bar (could be buying or selling) that doesn't close at the top of the real body followed by a Red bar that closes into the previous Green body. There's also a highish RSI. Generally, this indicates a reversal, so watch out. But, where will we reverse too? The answer is we wait for the confirmations. If we see a pattern and it confirms then we can buy and sell based on these patterns. TRX/ETH has its supports, which are indicated on the chart, so you have to watch for those to be key indicators for major movement. My best guess would be that if we drop down, we will probably see the bottom of the uptrend channel at around .00084xxx. and if we are able to hold great but if not then we will have lower lows. Personally, I would rather go sideways and maintain our exchange rates than risk dropping up and down too quickly, creating more unnecessary volatility. In addition, if you're a hodler that's fine by me. I honestly don't think you'll lose out by holding until May 31 and this is just a short-term analysis. Hold and you'll be fine too. See you later, and if you liked my analysis give it a Thumbs Up. It's Much appreciated. Comment below! THANK YOU!
Long
by RandomGuyTalkin
4
Justin Sun's coin: Is the Sun setting again?Good evening traders! Balanar here. I just want to say, it looks like TRX is forming a horizontal pattern. A perfect pattern for trading opportunities. Above is shown TRX in a 4 hour chart time line. As you can see, the support(0.000007858 ETH) and the resistance(0.00012316 ETH) level has been tested... TWICE over the course of 9 days. The RSI and MACD levels are perfectly aligned to all peaks and lows. It looks all happy and dandy from here right? But if you look closer, there is an inner resistance line(orange line) which may act as a support depending on how the candles will form in the next 2 days. With that said, I can purchase a position either on the orange line, or the bottom red line. Regardless to what it is going to do, the formation of a horizontal channel is the best way to gain profits. Thanks for reading my analysis!
Short
by balanar_NS
TRON ABOUT TO TAKE OFFIn this chart i have the xvg chart overlaying the trx current chart. As you can see the two coins have a strong tendency to follow one another in either direction, one will dictate the others actions but not always simultaneously. XVG just had a massive bull run and TRX is completing an ABC corrective pattern so im fairly confident on a bullish tron run over the course of the next few days or early next week at the latest. I am looking at an entry around the 8200 level on eth pairing with a target price of around 17000 satoshi. I hope everyone has a very successful trading year and i look forward to hearing your feedback on this and other upcoming coin projections. This is not financial as im just a regular dude with a passion for charting and for cryptos whos hoping we can all have success together.
Long
by bubbap22
TRX/ETH Room to Run.Looking at TRX growth over the last few days we see that there was a substantial increase in overall volumes being traded on the chart. Looks a bit sketchy and artificial. Looking for TRX to continue to show movement to the upside on 14 day moving average. Seems to want to continue its uptrend as of current. This may not be the best time to enter a trade long. I'd hold off to see if its going to find support in it second trend line before making a move up for a top squeeze. We'll have to wait an see.
T
by HustleEconomics
TRX, Justin Sun. When will the Sun rise again?Good afternoon everyone! The test mainnet launch news appeared to have stirred the bulls into pushing the price up. It peaked right on the date of its launch and went back down again. However, if you are into technical analysis, this should not be an indication of buy but it should simply be utilized as a supplement to technical analysis. We always must find patterns!! Personally, I find this coin to have the greatest potential despite of the FUD and FOMO news that surrounds its white paper issues. Anyways, on to technical analysis. TRX has shown growth at the start of Q1 2018 until now by having higher lows. It dipped thrice, Feb 2, Feb 26, and Mar 15, before it broke through the 0.00006294 ETH resistance level. During Q1 2018, it formed an ascending triangle indicating a future breakout and it did. It had a healthy steady increase in price which could also indicate a healthy pattern where the support level will be. It looks like the support level will be sitting on the 20 EMA level, but this is a premature analysis. It can also be noted that TRX gets their price spike every end of a Quarter. With that said, will the Sun rise again on June 2018? Stay tuned!
Long
by balanar_NS