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TRXBTC

TRON potentially clawing itself up off the ground???After being down in the dirt for so long TRXBTC may be showing bullish signs for a potential reversal! Slowly but surely TRX has been building an upwards channel which is now looking like it is turning into a higher TF ascending triangle pattern. IDEAL bull entries would be break of triangle before re-testing to confirm support at 200SAT level. If strong support is shown will be looking at candlestick formations to enter off bullish engulfing candles on 4HR TF. Short term play is also possible if Darvis box is formed for internal trend trading. TP's once triangle is broken, we would be looking at previous structure, TP's at 215, 226, 235 with final TP at 260 for full retracement. If full retracement occurs, cup & handle formation may be a possibility for longer term bullish play. LEARN TA! At MBA we teach technical analysis from the basics up, learn to trade with our veteran traders with a community of 200+ other traders; Link in profile description!
Long
by Irezumi
3
TRON Conquers EMA100, Where To Next?Have you seen DigiByte (DGBBTC) lately? TRON (TRXBTC) can start something quite similar, a strong uptrend can start to develop now. Prices for TRXBTC are now trading above EMA100 and challenging MA200, this is strong resistance. If this level is conquered, we can see prices jump quickly and easily... Additional details can be found on the chart. Analysis of Tron with leveraged... Here you can see more: TRXM20 | Alan Masters Basic Drawings Explained Thanks a lot for reading. Namaste.
Long
by AlanSantana
3
TRX / BTC Long, looking for a 4th retest of resistance levelI am looking for a 4th retest of the support turned resistance level on the daily. The price has also caught the 25 MA, acting as a moving support, adding confluence to the idea that we will re-rest the resistance level. Tight Stop Loss placed at invalidation level, slightly below 25 MA and at a level that has acted as recent support. Looking for a 4.5% move up before either a rejection (potential shorting opportunity), or further upside.
TLong
by CharlieTrout
TRON Challenges Local Trendline, Getting Ready To Pop!TRON (TRXBTC) finally moved above EMA10 after a higher low and a confirmed uptrend... What will happen next? First, let's take a look at the chart signals Today two major challenges are taking place, the orange downtrend line, and EMA10. At the time of writing, prices for TRXBTC are now moving above these two levels. Daily candle closure is needed for bullish signal confirmation. Back to 'What will happen next?" TRXBTC can continue growing and face resistance at around 0.00000190 or EMA50. If prices move below EMA10 with good volume, we can expect the lower purple trendline to be tested. If this level breaks, we go lower, if it holds prices will bounce. We are bullish here but trading volume is still needed. Today is a Saturday/Weekend, so any signals on low volume can easily reverse, so we consider these EARLY SIGNALS... You've been warned. The MACD is showing a bullish cross and the RSI is also looking good. We are looking for TRON to start growing next. Thanks a lot for reading. Your support is truly appreciated. Namaste. P.S. Always have a plan/strategy if you decide to trade.
Long
by AlanSantana
1
Tron Struggles To Move Higher, Will Succeed In The End!Right Tron (TRXBTC) is battling resistance while trying to position itself higher... We can see some higher lows. The immediate resistance to break for TRXBTC to climb higher is sitting in the 0.00000180 - 0.00000183 price range. We stay "green" while above support. If our support breaks, TRXBTC can easily go lower. We are long here since 0.00000161 satoshis... Remember to have a plan if you decide to trade. Leveraged trading is high-risk and not recommended for beginners. For experienced/advanced traders only. Thanks a lot for reading. Namaste.
T
by AlanSantana