TRXUSD.P trade ideas
Going UpPossible short, down to 38 fibonacci retracement before recline to its previous high
We can see an up coming 127-138 on fibonacci retracement
TRON to $3.11 or $42Before you crucify me... Yep I know! Market cap big big! Is that even possible? Well first target ($3.11 +22x) would put the market cap at around 190b. If I compare that to where the market is now it doesn't look likely but if I compare it to where I think the rest of the market will be by the end of the year; it starts looking more reasonable. However, the second target ($42 +340x) would put it at 2.7t... In its current state I don't think that's possible. But If there's one thing I've learnt from being in this market; it's that sometimes the chart can hint at what's going to happen well before it actually happens... So that makes me wonder what could get TRON to these crazy numbers? A massive token burn maybe? Some kind of burn function incorporated into the protocol that makes it deflationary? I'm just speculating now. Only thing I can say for sure is that if TRON gets back to my buy box I'll be loading the boat.
Key points:
A retrace back to .04c - 0.072c would be an awesome opportunity to get long
The stop-loss for this trade would be just under the 3/1 Gann fan line which is constantly moving higher
First target is $3.11 and is a confluence zone for the parallel channel and the 1/1 Gann fan line
Second target is the 1.618 fib target for a wave 3 and is also in confluence with the 1/1 Gann fan line if it takes until FEB 2022 to play out
Lets not even go into where the wave 5 is projected to go in 2024-25.
Never Trust. Verify.
D.Y.O.R. Not Financial Advice Just an Observation.
Technical Analysis is not about being right, it's about increasing your odds.
Be prepared to be wrong. Risk management is key . Capital preservation above all else.
BounceFirst price fall near Support area 38.2 fibonacci retracement
Then market back up to resistance level 100 fibonacci retracement,
waiting to break high
TRXUSD Crypto
TRX / USD
Chart guide: Red = monthly,Purple = weekly,Blue = daily,Green = 3 hours&Yellow = 1 hour
TrxUsd- New leg down?After finding strong support at 0.09, Tron started to correct only to encounter strong offers at 0.13
A new leg down could follow from this point on this coin and a drop to 0.66 liquidity zone is not out of the question
0.09 recent low also offers support.
I m bearish as long as the price stays under 0.13
TRXUSD DOOMS DAY!!In all indication, prepare for a big drop in price!! Check my previous posts about TRX!!!
Like, comment and follow for more!
TRON IS RUNNING. ME HAPPYTRON is running, me happy. I'm not going to be all technical and stuff- it is going up. I predict a strong pump for now. Always take profit. :)
Tron (TRX) - April 27Hello?
Dear traders, nice to meet you.
By "following" you can always get new information quickly.
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Have a good day.
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(TRXUSD 1W chart)
(1D chart)
We must see if we can ascend above 0.12748467 point
If it goes down, you need to make sure you get support at 0.10487024.
If it falls from the 0.07253780 point, a Stop Loss is required to preserve profit and loss.
To continue the uptrend, it needs to be supported at 0.12748467.
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(TRXBTC 1W chart)
(1D chart)
We have to see if we can gain support and ascend in the 199 Satoshi-215 Satoshi section.
If it falls at 168 Satoshi, Stop Loss is needed to preserve profit and loss.
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It is advisable to trade at your average unit price.
This is because if the price flows below your average unit price, which was on an uptrend or downtrend, there is a high possibility that you will not be able to earn a large profit due to the psychological burden.
The center of every trade starts with the average unit price you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, so that the money that ultimately corresponds to the profit can regenerate the profit.
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** All indicators are lagging indicators.
So, it's important to be aware that the indicator moves accordingly with the movement of price and volume.
Just for the sake of convenience, we are talking upside down for interpretation of the indicators.
** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the conventional stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator that oh92 disclosed. (Thank you for this.)
** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on the chart
R: A point or section of resistance that requires a response to preserve profits
S-L: Stop Loss point or section
S: A point or segment that can be bought for profit generation as a support point or segment
(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment transactions. It is a short-term investment perspective.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they do not trade 24 hours a day.
G1: Closing price when closed
G2: Cigar at the time of opening
(Example) Gap (G1-G2)
My target It's my first time that I share
What is your idea
If you are agree pliz like and share it😉
TRXUSDTron is more like a moving Ripple and is waiting for the next reaction bitcoin .
In addition, the conditions for the buy position are not suitable until it can be stabilized above the Como cloud
TRXUSD Is this a Cup pattern?
I think TRXis completing the Cup and Handle Pattern (Completing the handle now).
Considering the BTC further correction and its influence on TRX, (and also the fact that the last wave's structure is still incomplete) we should still expect a further correction for TRX.
In the end, TRX looks very good in the long run, with the promise of reaching 6.8$.
Tron Long-term analysis from February (update)This is TRON (TRX)/USD. I made this chart back in February to highlight the fact that Tron had broken out of a 3 year resistance. It has played out really well as far as my predictions from an Elliot Wave perspective.. however, TRON exceeded my expectations and reached near-term goals MUCH faster than anticipated. Way to go TRONICS! TRX to the moon. If you love Tron check out my show Cosmic Crypto on Youtube and watch Episode 4- All aboard the Tron Train!
TRX | looks like Longif it breaks the line, we are gonna have a great Long!
if not... i wonder how is it gonna loose!
TRXUSD: A mid-term weekly logarithmic channel?1. Weekly wave counting has been done Productively & not Reactively. Yes! It is only a suppositional future possibility.
2. Basis? Market Phases & Cycles:
- Accumulation
- Distribution
- Re-accumulation/Re-distribution
- Market UP
- Market DOWN
3. The mid-term newly weekly channel formed seems to be credible as another proof to the Elliot.
4. When the 5th wave is completed, then a sharp -80% downturn is expected.
5. Vertical Lines of the past cannot be necessarily repeated and are just a proximation of suppositional future time intervals. They can be illustrated using Gann Tool which is far more powerful.
6. Sometimes we need to be Reactive while other times we have to be Productive. There is no black & white or a single Boolean approach to say that this is absolutely true or false to be addressed.
7. The market has shrunk more than 27% some 500 BUSD which is signaling that a serious bearish season is ahead. The question is: where is all the money sucked out now?!
This is by no means a financial advice and it is not neither a prescription to buy, hold, or sell anything.
