TRX is favorite of many of the people and i was asked to do a TA.. not much to say about TRX but as you all know BTC is being dump by whales and are killing alts. briefly looking at chart, it looks like a big falling wedge.. but only trade if you see a large volume + Breakout. Chart is pretty self explanatory and marked with Fibonacci levels for profit taking.. i...
Okay yesterday is a bit of a bummer. the market decided to counter the turns we were seeing in quite a few coins. Some are chalking this up to WHALES trying to drive down btc to maximize their profits others "THE BUBBLE HAS HIT ahhhhhhhh"........ Call me an optimist but I don't see that as the case unless we are approaching a large scale financial failure...
We have a clear symetrical triangle, that previously looked like a head and shoulders pattern. As this depletes the sellers back closer the support line, we can see a break out may be imminent. While the degree of breakout is unclear due to BTC being the driving force in the market right now, there is a slight possibility in this being a decently sized 1-5 EW...
If you check my previous post, the pattern is holding true. This is a slightly downward facing triangle, that currently is squeezing out the last of the sellers before another breakout point. I think this coming breakout point will be more significant, as BTC is stabilizing above 11.5k. Watch the 4 hour charts to see this squeeze a little further until the apex...
Hey guys,here's another analysis,this time on the popular coin ''Tronix". I'll let the graph talk for itself this time,as i don't really have much time to develop my ideas. Keep in mind that i don't encourage or remotly care about the FOMO going on with this coin at the moment,but i DO believe that the amount of coins that are going to get burned until the end...
Yesterday my analysis was a little bit biased but now, I made some corrections, added the stop loss. I hope we are going to reach the target 1 in the next days and be on the way to the second target. Omar
Previously I had posted that while we broke out at the apex of a right triangle, we could be looking at another slightly downward triangle, which is noticeably smaller than the last. We also may be in wave 3 (which we know is generally the longest. If we are, and we approach the top of the triangle, we'll need significant volume to break through that resistance...
TRX (Tron) did break out of the last downward pointing triangle, as expected. Sellers were too depleted by that point, as we can see by squeeze occurring toward the apex of that triangle. It broke out slightly, with some large volume, but since has trended back into a pattern that may be another, albeit smaller downward pointing triangle. If this is the case, we...
Oversell confirmation on 5 min RSI. Bullish momentum on 5 min chart for RSI. Huge Buy wall ready to push it up.
There are 3 strong signals to buy TRX : 1. We can see a classic Triangle Wave Correction and It has been already broken ! Congratulations!!! 2. Exaggerated Bullish Divergence or maybe classic bullish. In any case on such big timeframe it's a good signal to buy. 3. Lines are crossing on MACD . If it happens, any doubts will disappear. P.S. You're Welcome to...
As you can see from the chart TRX is reaching the end of the pennant and this clearly means that we'll see a breakout, if volume increase. Theoretically speaking it should break the yellow support line at 395 but there is also the opportunity to form an uptrend. If this scenario happen, if there will be a breakout of the resistance line, we'd expect a huge growth...
TRON ABCDE DESCENDING FLAG CAUSING UPWARD BREAKOUT OR BREAKOUT FROM 400 LINE HOLDING WHICH IS UNLIKELY
Here is TRON , for short term it can go up to 550-600 then buyback again after some days at 430-450 or more less then it can rise again a bit more to 500 consolidation and breakout time will be there but for now sell on 550-600 and enjoy.
QUICK LOOK AT TRON NOTHING HAPPENING UNTIL WE HIT THE HIGHER DEGREE OF TREND UP IN A WEEK OR SO. BY MARCH 21ST THIS WILL BE AT 25 TO 40 CENTS DEPENDING ON THE PEOPLE SELLING TO GET THERE MONEY BACK ON WAY UP WHO BOUGHT TOO HIGH
hey friends trx is forming falling wedge and it have a good chances for breakout don't buy now wait for breakout I have circled their buying volume is increased and it may breakout soon wait and watch for breakout it needs to breakout with good volume we can see that cmf showing negative it needs to form upside which shows trend and volatility with good volume...
Hello Note: don't buy or sell based on those information, they are for learning purpose only. This kind of late Update, lol So as you can see i add a W bottom to TRX, it make sence because we can't have an UP-Trend without bottoming the market and make an end to the Bearish market (down trend). We can see that the projected price was perfectly reached after...