TRXUSD.P trade ideas
TRON TRX - Breaking Out of Ascending TriangleThings to Note:
1. Bullish Market Structure- Printing HH and HL
2. Expansion in Volume
3. Price forming an Ascending triangle pattern
4. Following a rough uptrend line
P.S: This is NOT investment advice. This chart is meant for learning purposes only and is a part of my personal journal. Invest your capital at your own risk
TRX ASCENDING TRIANGLE, LIKELY GOING TO MAKE A NEW HIGHAs seen in the chart, TRX is making an ascending triangle, which if it plays out and hits the target will test the previous high, could potentially break through that too and go even higher.
trx longThe move that I am looking from trx is for it to rest the support at 0.124 if I get a retest of that level then i will open a long position with my first take profit being .135 second tp being .148 = if you are holding for tp2 expect to hold of awhile/
UptrendIn case of dealing with the channel support line, we give the possibility of the growth of this currency
Tron (TRX)/USD Stay patient H&S???Just as we were starting to see TRX/BTC gain some momentum, it looks like we may need to take a further breather with the USD pair. I would absolutely like to be wrong on this one... but it wouldn't be a bad idea to stack some more TRON at lower prices. We all know where this company is headed. Of course we want to wait for the neckline break. Either way, the drop wouldn't be too big and it won't last too long.
Elliot wave analysis: It is pretty obvious that we are in a corrective wave B. We are experiencing this correction after such a nice run that brought us to 18 cents for the first time since 2017. I will stick with Wave B being the case as the RSI is heading into overbought territory on the 4 hour time frame. The main trend line (yellow) would be the next point of attack after wave c is finished. I wouldn't rely on a direct hit but within a nice range if you are looking to get your order filled.
Of course we have to confirm that the neckline has been broken. Always look for confirmation and keep an eye on that RSI. I'm neutral for now without confirmation. But overall, BULLISH. We are in a BULL MARKET. Tron should test it's all time high within month/s. Conservatively.
Tron UpdateTron is laid above a strong Komo Support. Canal is Up warding and in case of breaking the Resistance, a good positive movement is expected.
TRON ( TRX/USD ) - SWING ANALYSISTRON - The price is rising from last week low it bounced back very strongly, Momentum is in the favour of bulls and it's seems bullish at this price range as well, My approach will be a buy position in this and for the reference I have also drawn the path way to the top and support and major support is also there on the chart. Trade or invest as per your risk appetite.
Do write in the comment section if you have any doubt or question related to this analysis, also write if you want analysis on any other asset.
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Tron is in uptrend channeltron is in up trend channel, but take a look for the important resistance area and choose your entry and stop-loss points.
ALTCOINS chart 1 of 6yea im binging on altcoins tonight!! Let me know your faves!
chart your own. i'm not a financial analyst or advisor.
TRX/USD Breakout?based on my predictions, Tron is going to hit .18c by the end of the week.
Bullish!!
TRX/USDT = potential 48% setupHello, Traders!
TRON corrected only 38% of the downside move (0.382 Fibo)
Cumulative delta analysis on the higher timeframes shows the presence of demand from the buyers.
Entry in the position can be sought in the range of $0.120 - $0.128
Stop-loss can be placed under the price value of $0.11.
Targets based on the Fibonacci retracement level:
$0,135
$0,146
$0,160
$0,180
Good luck and watch out for the market
P.S. This analysis is created for educational purposes and shall not be considered as a piece of financial advice
Tron, Wave-Developments In Structure, These Scenarios Important!Hi,
Welcome to this analysis about Tron, we are looking at the 4-hour timeframe perspective. As the cryptocurrency market divergence is increasing more and more there are currencies showing more bullish alignments while others having more bearish ones. With Tron there is initially forming this ascending-channel-formation now with the coherent wave-count within the formation, the ending of the wave-count with the wave E is running directly into this main resistance-cluster from where a pullback is likely to emerge, this will lead to further testing of the lower support as shown in my chart however this does not mean Tron does not have further potentials in upcoming times as there are still good bullish edges on the more global perspectives.
In this manner, thank you for watching the analysis and great contentment for everybody supporting, all the best!
"The high destiny of the market is to explicate rather than to speculate."
Information provided is only educational and should not be used to take action in the market.
