TRXUSD.P trade ideas
Periodicity, Trends, and MA indicate room further southTaking into consideration the initiation bull of 2018, which was much higher in magnitude, periodicity can be detected using a sine wave . This shows that the decline is not over, which is also very clear through the price action and trend lines . For the latter, 2 triangles are being formed. One extremely inclined to the south from the top (due to the crash), and a narrow one of the last few weeks since the crash slightly pointing upwards. The last confines the bull for now, which will further be confined in a few weeks by the major resistance from the downwards trend coming from the peak of the last bubble. The alligator (shown by the 3 MAs) is opening his teeth downwards and the last crossing is due, which may come only after the coming pull up us over. As we move down the last MA, the path would be free for a pull back down to 0.03 perhaps. There's a room for a minor bull up to 0.08 before that.
TRX elliot wave analysis and triangle pattern overlapHi dear traders
This is my idea about TRX. I think there is an overlap between Elliot wave analysis and Triangle pattern on the weekly timeframe of TRX.
my idea is that TRX will have a downtrend to 0.5 $ in the next few months, then we will see an uptrend to complete the 5th wave of Elliott wave
TRXIf bulls push to price up TRX can reach $0.12 easily. If price breaks $0.055 support we can see the next wave of the downtrend which can reach $0.04. But I do not expect negative scenario to happen.
Finally, Parabolic SAR will break on the daily chart!!! Parabolic SAR will break on the daily chart!!!
Tron (TRX) - June 8Hello?
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(TRXUSD 1W Chart)
If the price holds above the critical support point of 0.04413840, we expect the uptrend to continue.
However, if it falls above the 0.07500028 point, it may fall near the 0.04413840 point to rise again, so you need to trade cautiously.
Acceleration of the uptrend is expected to begin with a rise above the 0.09289318-0.10168507 section.
We expect further gains as we are seeing our first gains over a long sideways phase.
(1D chart)
It remains to be seen whether the 0.07253780-0.09389276 section can continue sideways.
If the 0.07253780-0.09389276 section continues to converse, it is expected to turn into an uptrend.
If it goes down, you should check to see if it finds support at the 0.05118284 point.
If it falls in the range of 0.04050536-0.05118284, it is expected to take a long time to rise as it enters the long-term investment area, so careful trading is required.
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(TRXBTC 1W Chart)
If it fell from the 318 Satoshi point in the month of June 2019, it has been sideways so far.
It remains to be seen whether the sidewalk can continue beyond the 165 Satoshi-194 Satoshi section, which is the middle section of the sideways section.
An uptrend is expected to begin with the breakout of the 318 Satoshi point.
(1D chart)
It remains to be seen if the 199 Satoshi-215 Satoshi section can support and rise.
If it falls from the 199 Satoshi point, Stop Loss is required to preserve profit and loss.
However, careful trading is required as it can touch the 165 satoshi point and rise.
A consolidation above the 215 Satoshi point is expected to continue the upward trend.
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We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to psychological burden.
The center of all trading starts with the average unit price at which 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, ultimately allowing the funds corresponding to the profits to regenerate themselves.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional 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 disclosed by oh92. (Thanks for this.)
** See support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
Explanation of abbreviations displayed in 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 section where you can buy to make a profit as a support point or section.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. 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 are not traded 24 hours a day.
G1 : Closing price when closed
G2: Opening price
(Example) Gap (G1-G2)
IS TRXUSD READY FOR NEXT ALL TIME HIGH? #BLESSEDPIPSWITH A STRONG HOLD AT SUPPORT AND A LOT OF POSITIVE CRYPTO NEWS THIS WEEKEND. THINGS ARE LOOKING POSITIVE, LETS SEE WHAT HAPPENS.
#BLESSEDPIPS
TRXUSD 1D (tron above 0.067 will get 0.097 and 0.13)Tron will get higher price if can break 0.097
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Tendency: upward
Entry: above 0.063
TP.: 0.097 & 0.13 & 0.17
Without SL.
Short TRX/USD By the chart we can see a RD divergence in MACD and RSI. with confirmation of the indicators we can open short position with SL and TP that I shown in the chart.
GOD WILLING GOOD LUCK ...
TRX ( TRON ) POTENTIALMarket Cap
$5,821,900,745 Given the current speculations on this coin i believe a break of the 61.8 is clear indication of bullish
sentiment. we have been long on this pair from the weekly low @ 0.065. looking to add more into the
portfolio @ these levels shown ; under the right circumstances.
4.34%
on the day
Fully Diluted Market Cap
$8,200,615,324
4.34%
Volume
24h
$1,263,300,029
6.22%
on the day.
soucrces :
coinmarketcap.com
Possible Bullish BreakoutTRX/USD looking to potentially breakout of this resistance level it currently sits at and is waiting for a bullish move to occur if BTC/USD breaks its current resistance most likely TRX/USD will follow and retreace back to 0.09000 to its new resistance point and from there we could see it go parabolic or see a potential retracement back down to our current level. I love this zone for long term spot entry going to build equity off this zone
TRON(TRX) is looking perfect but...Welcome to the technical analysis of Tron. as you see on the chart TRX is in a good situation. I have drawn the resistance and supports .but don't forget that the market now is riskyy .very riskyyy .so you have to have a strategy and now you have to buy a step by step and don't forget to set the SL(you can see on the chart).
i think the trend is bullish because the people think positively about TRX and TRON was the most positive crypto on Twitter(99% was positive tweet).
so I think we will see good performance( if )there will be no dump in BTC.
please push the like button and follow me.if you have any questions, leave comment i will answer you.
Another update for TRX , take care of your coins As you can see we have several dynamic resistance's for BINANCE:TRXUSD , if TRX breaks out of these resistance we can expect a huge move after this
