TRX Bullish Butterfly Potential Reversal Zone.
Bullish Butterfly completion into a much bigger Bullish Gartley. This Bullish Butterfly will trigger the C leg of the Bullish Gartley.
Targets for C leg, time (first week of May) and stop loss identified for the Bullish Butterfly.
Right Shoulder (S) should be at the completion of the bigger Bullish Gartley.
Good...
RED ARROW indicates the EXPECTED Time and Targets
Level Stoploss point up to maximize profit and reduce risk
I'm working all the time, even in Bearish Market
RED ARROW indicates the EXPECTED Time and Targets
Level Stoploss point up to maximize profit and reduce risk
I'm working all the time, even in Bearish Market
Hi guys !
If you read my last TRXBTC analysis, you know that the breakout happened few days ago.
"So, what's new ? Now, TRX need to break the 390/400 sats SELL ZONE before started the bull run toward 500 sats or more as first step."
(1) : The lagging span started to cross the cloud.
(2) : Up line is now above.
(3) : To confirm the last step, we need to see...
#TRX (TRX/BTC)
Buy : 318
Flash Sell : 330
Short Sell : 340
Long Sell : 350-360-370-380-390
Stop : 300
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Technical analysis:
Tron/Bitcoin is in a range bound and the beginning of uptrend is expected.
The price is below the 21-Day WEMA which acts as a dynamic resistance.
The RSI is at 39.
The price downtrend in the daily chart is broken, so the probability of the resumption of an uptrend is increased.
Trading suggestion:
Price is in the support zone...
Technical analysis:
Tron/Bitcoin is in a range bound and the beginning of uptrend is expected.
The price is below the 21-Day WEMA which acts as a dynamic resistance.
The RSI is at 39.
The price downtrend in the daily chart is broken, so the probability of the resumption of an uptrend is increased.
Trading suggestion:
Price is in the support zone...
Technical analysis:
. TRON/BITCOIN is in a range bound and beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 35.
Trading suggestion:
. The price is in a range bound and we forecast the uptrend would begin.
. There is a possibility of temporary retracement to suggested support zone...
Technical analysis:
. TRON/BITCOIN is in a range bound and beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 35.
Trading suggestion:
. The price is in a range bound and we forecast the uptrend would begin.
. There is a possibility of temporary retracement to suggested support zone...
Tron daily is setting up very nicely with the completion of the corrective C wave which has also brought the RSI down to a lower lower and the price to a higher low along the same time frame on the 1d Chart. When this pattern forms it is called a hidden divergence and in this case bullish. This will help $TRX on it's climb to it's ATH and could set a new upward...
$TRX targets hit from which I called a while back (CHECK RELATED IDEAS).
- Failed to break through strong resistance line/zone on RSI
- Failed to hold support at 0.00000750
How far do we drop? I'm guessing we drop below 0.00000700 but only for a short period
This is not trading advice this is something I use as an education purpose and for fun. Constructive...
$TRX currently finding strong support at 0.00000750 area. RSI resistance zone/lines being tested, possibly done with it's correction or just maybe that one last drop will come soon. I'm going to let it play out a day or 2 just to get more of an understanding
![TRXBTC: [#2] TRX/BTC, breakout happened, last step before bull run](https://s3.tradingview.com/o/o805gYOW_mid.png "[#2] TRX/BTC, breakout happened, last step before bull run")
