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TRON (CRYPTO): ...is possible a "X2" (+100%) in medium term?Hi everyone! The answer is very simple: YES!!! That said, Tron has shown some major consolidation over the past few months, but at the same time, it has kept the main trend sideways. If we look at the daily chart, the trend of last few weeks still keeps this crypto under pressure, but at the same time, we think it might be interesting to use an accumulation strategy, so let's say we'll do something like "buy the dip" in short and medium term. Our first target we showed on chart and if our analysis is correct, Tron could do something very similar to +100%.... If this idea will be supported by your "Likes" we will continue to follow the crypto with updates below. Please... trade with care! 💖
KRAKEN:TRXUSDLong
by TheAnonymousBanker
1
TRXUSD extended the leg to form a bullish SharkIn my previous idea the C to D leg of Tron / Dollar was retraced between 0.618 to 0.786 Fibonacci and was likely to form bullish cypher as below: But now the D leg is extended bit more upto 0.886 Fibonacci and forming a shark pattern. Now the price action is entered in potential reversal zone. I have used Fibonacci sequence to set the targets: Buy between: 0.013921 to 0.007883 Sell between: 0.020572 to 0.033886 Regards, Atif Akbar (moon333)
BITFINEX:TRXUSDLong
by moon333
1
TRXUSD formed BAT pattern | A good long opportunityPriceline of Tron / Dollar has formed a bullish BAT and almost entered in potential reversal zone to hit the sell targets soon insha Allah. Volume profile is showing less interest of traders within potential reversal zone. MACD is still strong bearish and stochastic did not give any bull cross sofar therefore I would suggest to wait for MACD to turn weak bearish or for stochastic bull cross signal then buy. I have defined targets using Fibonacci sequence: Buy between: 0.015435 to 0.015338 Sell between: 0.015667 to 0.016016 Regards, Atif Akbar (moon333)
BITFINEX:TRXUSDLong
by moon333
2
One Simple Reason To NOT BUY Tron Yet...Sometimes trading/investing is difficult, other times it's as simple as one thing on a chart. With Tron right now, it's clearly still in it's downtrend so if you're looking for a safe buy time, keep an eye on this! This is also nearly identical to my Ripple chart currently as well. Remember, "The trend is your friend!" Make sure to follow me for more Crypto and Forex charts! Feel free to leave a comment below as well but please be kind in any comments with a focus on all of us growing together! After all, we're all here to learn and make money right?
by Jabest
8
TRON Risks Ban by US SEC for $20m BuybackDespite Justin Sun's "multitaneous" tweets, momentum keeps fading from the TRON markets as we saw price revisited a crucial trendline support over the past week. Perhaps investors fear that the US SEC might see TRON as a security following the recent kickstart of a $20 million TRX buyback by the TRON Foundation and slap a trade ban. In terms of technical, the bears are seizing the opportunity of a potential double top bearish pattern to trickle price down further. So far, the only holdback is the ascending trendline support but it seems the odds are currently in favor of a breach below this key level soon. As long as price remains in the NO TRADE ZONE, risk-averse traders should stay away from the TRX/USDT markets until the pair bottoms out or breaks out, whichever comes first.
BITFINEX:TRXUSD
by UnknownUnicorn4306966
7
TRX (Tron) King Of Pumps...!!TRXBTC Weekly Chart Introduction TRON is dedicated to building the infrastructure for a truly decentralized Internet. The TRON Protocol, one of the largest blockchain-based operating systems in the world which offers scalability, high-availability, and high-throughput computing (HTC) support that serves as the foundation for all decentralized applications in the TRON ecosystem. It also provides better compatibility for Ethereum smart contracts through an innovative, pluggable smart contract platform. Trx Has Always Bounced Back From Trendline ... And This Time I'm Expecting Same.. Buying Above Trendline (400 Sats) Is Good.. Sell Targets 740-760 Sats Next Wave Will be Bigger So Longterm Hodl Will Be Better.. Hit Like On Idea For Motivation.. Thanks
Long
by Faibik
Tron Hitting A Wall Finally?Welcome Back! Over the last few weeks Tron has been one of the few positives inside this bear market. With that being said, let's take a look at where I see prices going from here! On the daily time frame we have a classic end to a down trend indicated by capitulation, Accumulation distribution , and the icing on the cake was the final sell off. The final sell off creates a spring effect that is indicated by the 1,3,5 Elliott Wave sequence. Now the questions is... Where do we go from here? Taking a look at the chart its obvious we have met a very strong resistance indicated by the red line. Volume also shows strong selling going on in this level. However, this doesn't necessarily mean we are going lower. Based off my wave count its possible we still have one more leg up which would be the, "blow off top." Being at such a strong resistance at 0.28 cents we could very easily see the market performing a bull trap before we retrace back to the .618 which would be around the .18 cents range. Should we be buying right now? Probably not. It's never a good idea to be buying near such a strong resistance, or any resistance for that matter! Watch how prices react to current resistance. If we break out, I expect the next lower high as the top of the 1,3,5 indicated by the black line. This is a very interesting coin to be watching once we get a retrace. Market sentiment appears to be shifting back in the bulls favor. God Bless, JolleyCrypto
BINANCE:TRXUSD
by UnknownUnicorn846565
EASY TRON/TRX TRADE BUY OPPORTUNITY!BINANCE:TRXUSD Hey fellow traders!!! Here is an Easy short-term trade opportunity for you... As you can clearly see we are moving upwards and holding strong support over the 200 day EMA on a 15 min chart. So, Our buy zone would be clearly at the 200 day EMA on a 15 min chart as we bounce back every single time from here! P.S. be patient and wait for the prices to touch/pass the 200 day EMA to Buy-In for an easy short-term profitable trade. Good Luck!
Short
by itsabhishekc
1
TRON UPWARD MOMENTUM NEEDED TO BREAK RESISTANCE Hello everyone! TRON needs to break the .0427 resistance in order to have serious upward bullish momentum. Look for any break in the resistance it could potentially mean TRX could go through the roof. TRX has been bouncing up and down in between the support of .0409 and the resistance of .0427 for some time now. Upcoming we are expecting to see a bullish push in the cryptocurrency market relatively soon. If we break through the .0427 support then we will need a while to recover. Thank you for reading! Throw a like if you agree!
BITFINEX:TRXUSD
by Murph22
2
TRX TRON Possible Rise - 3rd Wave Formation For a ZOOMED OUT view - see related ideas. If the last week has been an ABC correction, TRX might go for a 3rd Wave Movement. An ABCDE correction might still form, making it go back 480 sats. If that happens, we have more waiting to do, unfortunately. We have two short term resistances to pass right now before going up. Resistances (short term): 530 and 560 sats. Support: 480 and 430 sats. StochRSI on 1DAY candles is looking like it's about to go upwards. MACD on 6h candles crossed. Waiting on 12h and 1day to cross. Targets based on Fib Retracement: Target 1: 680 sats Target 2: 900 (possibly 1000, cause numbers and what-not) Target 3: 1200 sats
Long
by reynar
TRX correcting, then back to business after successful Test Net!We saw a pretty classic 1-5 Elliot Wave pattern at the breakout point. Followed by a possible ABC correction. The 4 hour MacD doesn't look ready to yet for a big buy pattern, but the one hour chart is getting close to that point. I don't think we'll see the C wave extend much further, but we could see some sideways action for a bit, as lots of people are selling for profits from the big climb. After the C wave is in, we'll hopefully start another impulse. But let's see what happens in the next day or so. Some important information on Test Net launch if anyone missed it: Test Net launch was a success, and is live. Realistically, this shouldn't impact the price much, as some people expected. Although, it is a great indicator for TRX that they now have an actual product, that was delivered exactly when they said it would be. Building trust from the growing TRX team is huge, and Justin has showed that he takes deadlines very seriously. This has me even more bullish about Tron for the long-term. As the platform expands, and there are actual use cases for it, we should see steady growth.
Long
by Pburke2323
trx has some decisions to make soon..in the battle between xvg and trx, xvg took a giant step foreward today.. dont be surprised to see a correction and those sellers to put their money back into trx. Tron is nearing a downtrend wedge and the rsi and macd are both threatening to reverse on the 1 hr chart. Major support at 465 and resistance at 485. More resistance at 505, 600, 625, 700. After the testnet, tron showed classic "buy the rumor, sell the news". However, what has been lost in the downfall the last few days is that the testnet actually works.. and pretty well at that. Tron is still a long term hold (the white paper says 10 years) but with the main net coming in may along with the coinburn, it may be worth swing trading. It has some pretty strong support and resistance levels that tron is notorious in bouncing in between. My educational only advice is to wait until it closes and opens above resistance and support lines before making trades.
Long
by bthompson0905
2