ANALYSIS 🔎
- TRXUSDT is printing the inverse head and shoulders pattern.
- This is a trend reversal pattern.
- A bullish one to be precise.
- TRON could be on the verge of an uptrend.
BUY ENTRY ⬆️
- Aggressive (risky): current market price (now).
- Conservative: breakout above the neckline resistance.
TARGETS 🎯
- Horizontal resistance level R1.
- Horizontal...
TRXUSDT is consolidating in a symmetrical triangle pattern.
Breakout is imminent.
Bullish ⬆️ - breakout above the symmetrical triangle's inclined resistance.
Bearish ⬇️ - breakdown below the symmetrical triangle's inclined support.
Possible price actions and targets are indicated by the arrows on the chart.
TRXUSDT is testing the descending triangle inclined resistance.
Bullish ⬆️ - breakout above the descending triangle inclined resistance.
Bearish ⬇️ - breakdown below the minor ascending trendline support.
Possible price actions are indicated on the chart.
Tron is seeing some major signs of a correction to the upside shortly.
We see that Tron broke out of the falling wedge with bullish volume. Now it is consolidating ready for the next moon mission.
Note that the arrors are NOT time scale based analysis - simply just showing the possible direction.
RED LINES - TAKE PROFIT.
GREEN LINE, BUY ON 0.65 FIB PULLBACK...
Mid-Term Forecast
Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (0.00000250).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. TRXBTC is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which...
#trx 165 sat la 171 sat arasinda bence alina bilir 8 haziranda haberi var justin sun sagi solu belli olmayan biri sonucta fomo uzerine su siralar market lower sat coinler her biri guzel kar birakiyor burdan bir miktar aldim bakalim.
RSI = Bullish Divergence and going into a bullish region
200 ma (black line) = Sitting nicely above this
Price Action Vigor = We have a nice tick up on the PAV
Super Guppy is also turning bullish again which could signal a decent move up
Buy and hold
Tron (TRXBTC) continues to build up in anticipation of a very strong bullish move... This move has been in the making for long.
I believe we are about to see Tron print some really good numbers.
The charts are really bullish on the daily timeframe and MA200 has been fully conquered.
This is a bullish/green chart.
TRXBTC Weekly:...
TRON after a local maximum formed a local downtrend. This trend has formed a downward wedge .
If this wedge works out on a global scale, a double bottom will form, which will become a reversal pattern of the main trend.
ENTRANCE
1) on the breakthrough of the line of resistance of the wedge . (maybe it’s happening now).
2) on confirmation of support in the...
Hi all,
A quick update on TRXBTC. I see this playing out, really good for quick scalp trades, which I will be doing. I do have longs open from a previous post a while back, that caught trx in the buy in range perfectly.
Also, just had a test on the falling wedge, though I would have liked to see more buy volume since this was practically non existant....
It seems that TRX is going down on a falling wedge and every time it touches the yellow limits in the MACD graph it decides to reverse the trend.
maybe it is now the time to fall again to 180 sat and below from 200 and maybe a profitable trade on the bearish market
its not advice so trade on your conclusions my friends
Plan A - Enter between 201-215 sats. Sell targets within the red boxes whereby the diagonal resistance is reached.
If this poo's itself, then revert to plan B. Buy around 169 sats, by then, it'll be recharted for potential sell targets.
Stop losses should be tight, but make sure that you avoid liquidity pools.
And plan C... well, just take some pills and cry.
GK
