TRON TRX strong bull PA spotted!overall structure still favor with BULL
0.12 supported very well.
next Resistance 0.15 , 0.18 , 0.20
TRXUSD trade ideas
Tron (TRX) - May 6Hello?
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(TRXUSD 1W chart)
(1D chart)
The volatility around May 7th (May 6th-8th) should be watched to see if there is any movement that deviates from the 0.10457024-0.16863512 interval.
In particular, we have to see if we can get support and climb at 0.13660268.
If you fall at 0.12748467, you need a short stop loss.
However, it may rise along the uptrend line, so careful trading is necessary.
If it falls from the 0.09289318 point, a Stop Loss is required to preserve profit and loss.
On the CCI-RC indicator, it remains to be seen whether the CCI line can rise above the EMA line.
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(TRXBTC 1W chart)
(1D chart)
We must watch for any movement that deviates from the 215 Satoshi-262 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)
TRON TRX : BULLISH CHANNEL WAITING NEW PUMP ! ! ! ! 🔔Welcome back Crypto Traders, Investors, and Community!
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I'm calling TRX at tp1waiting to reenter for next phase of this trade.
chart your own though because i'm not a financial analyst or advisor.
Next TRX trade!I'm riding TRX up zone to zone. Waiting for the breakout to short term resistance as my TP1 and will reassess my trade then.
Chart your own though because I'm not a financial analyst or advisor
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.
