TRX has completed a 1,2 and looks like its ready to brake out of in inverted head & shoulders.
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BTC: 1LCayhGfdzsNP9M5227LyE28FKed4thEsB
LTC: LaPLQ6JoiqrxYED9FBNVphyApAhpW4Yw3R
ETH: 0x1Ec59747Ff307FaA71de070A3914e9afFbac7424
On all time frames, TRX/Tron is MORE THAN LIKELY, to see a bounce today; this will see a minimum of 5% gains during the course of the day.
What do the charts show?
Bullish
On all time frames, TRX is illustrating that we will see a bullish reversal from 370 sats onwards.
A move down to 371 without going below it would indicate that is the local bottom before...
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 (0.00000305...
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Today our eyes were glued to the throne. This sign is designed to revolutionize the market of social networks, adding a new trend in the world of Internet technologies.
Tron technology is a distributed network that allows users to access entertainment content from anywhere without the help of intermediaries. The reward for posting...
risky play, but worth the shot, price hanging on the monthly pivot, selling pressure on obvosc diminishing, rsi oversold. Playable bounce imo off this daily block into breaker above
p.s. this is bittrex chart, adjust the difference between bittrex and bitmex premium and just add it, levels the same
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...
TRX/BTC is trading in the red and seems very heavy on the short term. Price is pressuring a dynamic support, so we may still have a valid breakdown after all. You can sell this after a retest and after the breakdown will be validated.
Hi guys
Daily chart targets still stand for TRX and no change as of yet! Mainnet launch is on the 31st May so just over 4 days time.
Lets wait and see where we go!
TRX seems to have been rejected again at the resistance at the 860 area. I am watching very closely for a pull back to the trend line for another entry or if it does break up a potential entry above the previous structure.
I have been trading TRX the past week or so with some good results. On the 30 min time frame it seems to have formed a possible Elliot wave and started the ABC correction. I have now shorted my position at the above 4 hr resistance and will be looking for a lower entry at around 800 sats or slightly lower on the trend line.
Watching very closely!
Main net...
Hi guys
TRON update:
It is currently trying to break out of the falling wedge after hitting the 500 FIB level.
IF we have a confirmed break out over the 55 EMA on the 4 hour chart, I can see TRON rising towards our target of 1150
Hey guys
With the upcoming release of mainnet on the 31st, TRON is only going to get stronger....
Interim targets labelled on chart. With BITCOIN's recent performance I am more inclined to aim for Target 1 short term.
RSI is oversold ish on the 4 hour chart.
Let me know what you think!
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 48.
Trading suggestion:
The price is in a range bound, but 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 the beginning of uptrend is expected.
The price is below the 21-Day WEMA which acts as a dynamic resistance.
The RSI is at 48.
Trading suggestion:
The price is in a range bound, but we forecast the uptrend would begin.
There is a possibility of temporary retracement to suggested support zone...
Hi guys
4 hour Tron is currently sitting on the diagonal support line which supports upwards targets of 700 and 800 LONG term.
A few resistance lines in play and it will be interesting to see how TRON reacts in the coming days
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