TRXBTC
Trx technical analysistrx needs to break that descending channel
now I can see that 20 day ema green slightly crossing the 50 day ma black
which is a bullish sign and candles are forming above the both moving averages
but still we need to wait because its decision time for trx 560-570sat is a strong resistance
need to break this descending channel and 565 resistance
TRX/BTC long, nice support here and binance trading competitionAccumulate TRX below 590
Binance trading competition and it looks to have found support here
Sell targets
663
700
737+
Stoploss 654
good backup 1.20 % gain till the intersection SHORT80 % trend chance are good that it might go till the intersection and go back down after nearing or hitting the intersection of the lines
have a Nice day
There is a possibility for the beginning of uptrend in TRXBTCTechnical analysis:
. TRON/BITCOIN is in a range bound and beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 35.
Trading suggestion:
. The price is in a range bound and we forecast the uptrend would begin.
. There is a possibility of temporary retracement to suggested support zone (0.0000063 to 0.0000057). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.0000063)
Ending of entry zone (0.0000057)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
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TP1= @ 0.0000075
TP2= @ 0.0000086
TP3= @ 0.0000108
TP4= @ 0.0000148
TP5= @ 0.0000204
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Technical Analysis of Tron (TRXBTC)Tron touched 61.8% Fib. Retracement level as well as the lower line of downtrend channel and bounced back, so it is likely to go up till 38.2% Fib Retracement level in the short term. Stochastic also giving a buy signal.
1)Currently TRX is in a downtrend channel as seen by the pink lines
2)The immediate resistance will be the red line at 0.00000749 BTC level and the 38.2% Fib. Retracement level.
3)If the red line resistance breaks, the next target will be the upper line of the downtrend channel.
4)Long term TRX support is shown in the green line.
5)If the downtrend channel support breaks and the long term support breaks, then the next suppport will be at 0.00000344 BTC level.
long trxthankyou have a nice day share the world there is enough space for everybody for accomodation
TRX Bullish Supporting ResistanceIf TRX break the resistance 830 then we can see TRX at 1000-2000 easily. Main net is coming so it's price definitely increases.
TRX UpdateIt has finished retracing/correcting and again started uptrending.
As we can see in the chart, the retracement was somewhere between .618 and .5 Fib level. General rule for a retracement (wave 2 or wave 4, not a,b,c correction) says that waves would be retraced from top (Five level 1) up to .786 or .618 level. Frankly speaking, since the mainnet launch is nearby and due to all the hypes around trx right now, I was expecting a retrace no to go below .618 level (852 satoshis). In this case, however, BTC movement affected trx retrecement a bit more.
Nevertheless, TRX have now finished a retracement and started uptrending with possible target between the Fib level 1.236 (1230 Satoshis) and the fib level .138 (1319 Satoshis). More on reservative side, it may go up to 1250 Satoshis.
This is strictly for education and learning purposes btw.
