TRXWETH_99950B.USD trade ideas
2X idea tron/usd break out + retested ready for more upside
bullish break out and flipped resistance into support
TrxThis is neither a buy signal nor a sell signal.According to the indicator SMA Selling is the best option
HIGH ETH GAS FEES = MIRGRATION TO TRX CHAIN FOR SMART CONTRACTSEveryone is being told that Ethereum 2.0 proof of stake Blockchain is two months away. I have even seen reports of two weeks away! The Ethereum developers are the most conservative out of any chain. Why? They have the most to lose, being the number two crypto on the market by "market cap".
The number of projects built on top of the ETH Blockchain has swelled due to a big shift toward decentralised applications in finance, gambling and smart contract matrices because this removes the risk of bad actors 'exit scamming " with your money.
The combination of these factors and BRRRRRRRRRR of printing presses skews my fundamental analysis toward a bullish crypto outlook, albeit with very short lived pullback.
TRX/USD Setting up for success!Due to the technicals on the chart I believe we will see a move to 0.80000 region. Significant drop occurred from 0.06 region down to 0.042000 as seen on the chart.
We have consolidation on many crypto pairs and it has proved to be a minor hurdle to overcome to go up another leg. Simple yet informative suggestion to go long on this pair from me.
TP AND SL are on Screen. Wish you all the best of luck!
TRX at interesting area!!TRX broken top of range and pullback to that area. Buy some of it here.
TPs:
1-0.097
2-0.2
3-0.5
TRONUSD major move imminentTron/USD pair TRXUSD is primed for an advancement in the next leg of its movement.
It has had a major move downwards where it bounced if it's 50 DMA. Since then then, it has moved upwards and it now trading in a symmetrical triangle. This shows buyers and sellers taking profit and entering positions. Furthermore, just like a textbook symmetrical triangle, the trading volume since the triangle formation started has been decreasing. Yet another signal that a major move is imminent.
Additionally, the RSI has reached and stabilised at 45, the same level it reached before it went on a consistent move upwards in yet another indication that a move upwards is imminent.
It's likely the next move will be a breakout as the bounce upwards from the 50 DMA can be taken as the start of a upwards flag. However, cautionary note is that a symmetrical triangle by nature shows indecision in the market, and due to the major move downwards there is a change that the next imminent move is a breakdown.
However, the chart pattern sets up an opportunity for scalping for those with the risk appetite. One option would be to enter at approx 0.044 USD when the price reached the lower boundary of the symmetrical pattern to exit at the top boundary (0.046) with a stop loss at 0.043 for a risk:reward ratio 1:2.
Alternatively, a more risk:reward opportunity would be in case the price breaksdown to the 50 DMA again and to enter at 0.040 and exit at 0.043 - the lower part of the symmetrical triangle - with a stop loss at 0.039 for a ratio of 1:3.
TRXUSD: Sell ideaTRXUSD just broke through the 4hr support, looking for a retest and confirmation to enter the trade for a short term sell to test the monthly support.
Are we breaking out for tron? If it breaks out, based on technical calculations the TP should be at 0.06412
TRON Continuation or Bear Wave? TRXUSDUsing fib circles we can see the bear moves and bull moves respective to their fib areas
I hope for a bear wave, to further validate my Fib waves idea
Regardless TRON is very cheap and going long is a nice idea
