TRX/BTC (Another Bear Flag?)💎Technical Analysis Summary💎
BINANCE: TRXBTC
-After the Bearish downtrend last Oct 15
-The price keeps falling and unable to sustain any support
-Currently, TRX is confirming another Bear flag
-And the potential downside target is around 180s sat
-Wait for any Bullish reaction before looking for a buy trade
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TRXBTC
TRX trading ideaHello, traders.
After a strong uptrend movement, the price went on a correction and could be forming another accumulation pattern called bearish rectangle
A great place to buy TRX is on the next important support level in case this asset reaches the next important support level around 200 sats
Best regards.
TRX/BTC Ready for a Massive RallyWelcome to my first TradingView post!
After a solid rally, TRX/BTC has been retracing for a few weeks, put in an ABC correction, and caught support between the 50 and 100 EMAs. After printing a higher low, TRX/BTC looks ready for another massive rally.
The MACD is showing a bullish cross and the RSI is picking up rapidly here on the daily chart. The chart looks very bullish. My personal entry is 246 satoshis. If there is a rejection, there is a strong support at the 230-250 satoshi range.
The 250-280 satoshi range looks like a potential entry zone for a long position right now. Potential targets are at 350, 415, and 450 satoshis. However, this chart can easily reach 500+ satoshis on this rally (check out the weekly chart!). As such, I am strongly bullish on TRX/BTC.
Leave your own thoughts and comments on whether you agree or disagree with my analysis below, and leave a like/follow if you liked my analysis! Thanks for reading, happy trading.
Price at writing: 0.00000267 BTC (267 satoshi).
TRON Taking Off Like A Rocket, Strong Bullish ActionWhen we look at the 4H timeframe for TRON (TRXBTC), we can see really strong bullish action.
We already know this pair...
When it starts to go it goes...
Long, fast, and strong.
After the Doji yesterday, which can be taken as a reversal signal when it shows up at the bottom of a trend, we have 7 consecutive green candles... And it seems that there will be more.
This is a short-term analysis, you can check the previous chart if you want to see more:
Click LIKE and let's go!
Namaste.
2 Buy opportunity in TRXBTC , Mid-Term & Short-TermMid-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 acts as a dynamic support.
. The RSI is at 52.
Take Profits:
TP1= @ 0.00000277
TP2= @ 0.00000308
TP3= @ 0.00000354
TP4= @ 0.00000416
TP5= @ 0.00000500
TP6= @ 0.00000586
SL= Break below S2
---------------------------------------------------------------------------------------------------------------
Short-Term forecast:
Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (0.00000246).
. 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 acts as a dynamic support.
. The RSI is at 69.
Take Profits:
TP1= @ 0.00000264
TP2= @ 0.00000276
TP3= @ 0.00000308
TP4= @ 0.00000352
TP5= @ 0.00000430
SL= Break below S3
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
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💎 Want us to help you become a better Forex trader ?
Now, It's your turn !
Be sure to leave a comment let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
2 Buy opportunity in TRXBTC , Mid-Term & Short-TermMid-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 acts as a dynamic support.
. The RSI is at 52.
Take Profits:
TP1= @ 0.00000277
TP2= @ 0.00000308
TP3= @ 0.00000354
TP4= @ 0.00000416
TP5= @ 0.00000500
TP6= @ 0.00000586
SL= Break below S2
---------------------------------------------------------------------------------------------------------------
Short-Term forecast:
Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (0.00000246).
. 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 acts as a dynamic support.
. The RSI is at 69.
Take Profits:
TP1= @ 0.00000264
TP2= @ 0.00000276
TP3= @ 0.00000308
TP4= @ 0.00000352
TP5= @ 0.00000430
SL= Break below S3
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader ?
Now, It's your turn !
Be sure to leave a comment let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
TRON Potential Bounce In-Play (Found Support)TRON (TRXBTC) is giving out an early signal in the form of a bullish candlestick today as well as a bounce off the EMA100 blue line.
This can lead to additional growth.
After prices peaked, 3-Sept., we saw a strong correction but volume has dried up on the drop.
Prices are now flat and the indicators are starting to turn.
The EMA100 line also coincides with the 0.786 fib. retracement support...
Giving additional strength to these signals.
TRXBTC is likely to jump.
Remember to always do your own research before you trade.
Make sure to build a plan, because the charts are always changing and with a plan, you can come out successful when you trade.
If one opportunity is gone... Another one will come and take its place.
Remember to hit LIKE to support my work...
This is Alan Masters.
Namaste.
TRXBTCTRON began a good upward movement while BTC was dropping down and after that we saw deep correction. I think we are in the wave (c) of wave B which is shown in the chart and we can expect a ride up!!
Targets are obvious in the chart but this is a risky analysis. Please manage your risk for using this analysis.