Today, I want to share my analysis and bullish perspective on the TRXBTC pair with you. After a thorough examination of current market dynamics and technical indicators, I have come to the conclusion that we are on the verge of a potential rise that could lead us to a specific target area, which I have marked on the chart.
Basis of Analysis:
Trend Analysis:...
TRXBTC
has very good market structure
(higher high's , higher lows's)
for the past 3 years.
Overlooked , & under-appreciated it seems like, in my view on it's sentiment on Justin's success of network adoption.
We can see a clear Inverse head and shoulders
with a very key neckline level
that if broken with strength
could a indicate a run at the LOG...
Hi dear friends, hope you are well and welcome to the new trade setup of Tron (TRX) with BTC pair.
Previously we caught more than 10% pump of TRX as below:
Now on a daily time frame, TRX formed a bullish AB=CD move for the next pump.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't...
📈 What is a Falling Wedge? The Falling Wedge is a bullish chart pattern characterized by two converging trendlines, with the lower trendline sloping upward more than the upper trendline. It typically signals a potential bullish reversal, with the price likely to break upward after the wedge pattern.
📈 How to Identify:
Draw a trendline connecting at least two...
Formation of an ascending triangle on such a large timeframe.
Working out of the previous descending triangle is shown by red lines!
Price is clamped in the triangle, volumes are decreasing, there is a possibility of accumulation of coins before the breakout and achieving the specified goals
Thank you for your attention
📈 What is a Rising Wedge? The Rising Wedge is a bearish chart pattern characterized by two converging trendlines, with the lower trendline sloping upward more than the upper trendline. It typically signals a potential bearish reversal, with the price likely to break downward after the wedge pattern.
📈 How to Identify:
Draw a trendline connecting at least two lower...
This is a very strong chart setup because we have so many classic signals working together pointing in the same direction.
Allow me a minute of your time and let's do this together.
TRON (TRXBTC)
Here a perfect EW impulse can be appreciated in blue (1,2,3,4,5).
Followed by a classic Zig-zag correction (ABC).
After the correction a new 5-Up bullish...
The Tron vs Bitcoin (TRXBTC) pair has been growing since 12-April, for more than 40 days.
The RSI looks overbought or should we say strong?
Strong!
We can normally expect a retrace after so much growth but today's action looks like a continuation.
The high volume 20-May is a strong bullish signals.
✔️ We buy low near support and wait patiently for the...
Daily bearish trend line broke to up
RSI bearish trend line broke to up
RSI broke limit of 70 = positive
MA 100 daily broke to up
CHoCH happened
Now we are in a gap area
weak bullish trend line in candle and RSI
S.L= Close under MA100 around 255
Inter more if = close with a goon candle up 266
TP= 290 not more for now , after that we should check again...
This pair has been moving inverse to Bitcoin but now it seems to be moving together with Bitcoin... This is a big change.
When the dynamic of some pairs changes, this can signal that the overall market dynamic is changing as well or is about to change.
✔️ TRXBTC while in the bearish cycle moved inverse to Bitcoin.
✔️ TRXBTC now changing to become correlated with...
◳◱ A Resistance Breakout has been identified on the $TRX / $BTC chart. The price has broken above a key resistance level, indicating a potential bullish trend. The next resistance key levels are located at 0.0000031 | 0.00000331 | 0.00000369, and the major support zones can be found at 0.00000272 | 0.00000255 | 0.00000217. Consider entering at the current price...
The main trend. Breakout. Linear chart 1 week, to show the trend more clearly without market noise. Rhombus (diamond) 250%. Breakdown of the price and fixation above the resistance of the main trend (downtrend channel), as well as the aggregate of the diamond resistance edge.
Remember, 5 05 2022 starts USDD possible prepared "stream of positive news" to...
We've detected a Resistance Breakout and Confirmation on the $TRX / $BTC chart. The price has broken above a key resistance level and has been confirmed by a strong candle, indicating a potential bullish trend. The next resistance key levels are at 0.00000309 | 0.00000325 | 0.00000358 and the major support zones are respectively at 0.00000276 | 0.00000259 |...
Hey traders, we've identified a Resistance Breakout on the $TRX / $BTC chart. The price has broken above a key resistance level, which can indicate a potential bullish trend. Taking in consideration the next resistance key levels are at 0.00000286 | 0.00000293 | 0.00000311 and the major support zones are respectively at 0.00000268 | 0.00000257 | 0.00000239. It is...
This is weekly chart - I am not intraday scalper.
Now Iam in previous accumulation area, I believe this is about time.
First stop will be around 350, second 850.
My position at 147.
TRON is aiming at 700 satoshis (0.00000700) and since January 2021 we have higher highs and higher lows.
Recently, after a new resistance level was conquered in June 2022, we are seeing bullish consolidation for the past six months.
Trading within a bull-flag, we can expect higher prices in the months to come.
This is a long-term analysis.
Namaste.
#TRX/BTC Technical Analysis:-
#Tron currently trading at 314 Satoshi area and 360 Satoshi is Strong Resistance Zone.
I think it will Not break in this Cycle.
I am Also Brarish in #Tron/BTC Pair and Expecting another 60-70% Down Move from This Level.
Sell Point :- 320-360 Satoshi
Targets:-
TP1:- 250 Satoshi
TP2:- 180 Satoshi
TP3:- 140 Satoshi
Always Try to...
![TRXBTC: $TRX/#BTC [#TRON]: Resistance_Breakout](https://s3.tradingview.com/m/m4THmYxT_mid.png "$TRX/#BTC [#TRON]: Resistance_Breakout")
![TRXBTC: $TRX/#BTC [#TRON]: Resistance_Breakout_Confirmation](https://s3.tradingview.com/y/Y83NCqc0_mid.png "$TRX/#BTC [#TRON]: Resistance_Breakout_Confirmation")
![TRXBTC: $TRX/#BTC [#TRON]: Resistance_Breakout](https://s3.tradingview.com/z/ZbkX32ig_mid.png "$TRX/#BTC [#TRON]: Resistance_Breakout")
