Trxusdt
TRX/USDTTRX/USDT, chart looks promising as it has formed a Weekly Inverse Head and Shoulders pattern which may take the price to fresh new lvls providing insane gains. Right now it is retesting previous highs and is on the verge of breakout from yearly resistance zone which has been reversing the prices back to the lower lvls. Since, it is Weekly TimeFrame it may take some time for the expected move but I am sure it will skyrocket in this BULL CYCLE. (Upside lvls in *green* and Downside lvls in *red*)
DISCLAIMER :- I am not a Financial Advisor, this chart is for educational purposes only (DYOR).
BITTREX:TRXUSDT
💡Don't miss the great buy opportunity in TRXUSDT @justinsuntronTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.03300).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. USDTRY is in a range bound and the resumption of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 45.52.
Take Profits:
TP1= @ 0.04850
TP2= @ 0.05450
TP3= @ 0.06440
TP4= @ 0.07300
SL= Break below S2
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TRX/USDT ( TRON ) LONGGGG !!!!- Cryptos have turned bullish after the recent correction .
- TRX has broken previous high and retesting that level right now .
- Long trade setup has been given above . Trade according to the levels
- Maintain strict stoploss
- Message me to learn how to TRADE crypto currency in INDIA .
- Message me to learn how I fix my targets.
TRX/USDT Inverse H&S Pattern Formation- TRX broke out from the neckline of Inverse Head & Shoulder Pattern.
- Target = Height of Head.
Find your SL as per your RISK.
REASONS TO HAVE A A BIG FAT BUBBLE (TRXUSDT) 1.OBV DIVERGANCE
2.ABOVE 200 MA
3. IF LONG TERM TRENDING RESISTANCE IS BROKEN MAY SEE A BIG FAT BUBBLE
Tron's latest analysis
TRON Latest Price Analysis- Feb 8, 2019- Bittorrent Airdrop Effect On Tron's Price Fading?
#1 Key Highlights
* TRX/USD price surged 10+% and in downside correction.\u2028
* $0.02554 support level broken.\u2028
* TRX/USD closed below 200-4H Moving Average (MA) after breaking it.\u2028
* Tested Ichimoku cloud's resistance but couldn't sustain it above.\u2028
#2 TRON Latest Price Analysis – Hourly (4H) Chart TRX/USD
Tron technical analysis today shows that it broke the short-term downtrend line(black) but couldn't sustain above it longer.
Let's look at the insights of Tron price analysis 2019 on its Hourly (4H)-timeframe chart.
TRX/USD moved 10%+ but it has been under downside correction for the past few days.It could be because of the Bittorrent airpdrop ,dated 11th February'2019, got over.
It tried to challenge the 200-4H Moving Average(MA) recently but couldn't sustain over it longer.Other bearish signs could be seen is that it closed and traded below ichimoku's cloud after testing it recently.
The short-term downtrend line (black), since 4th February ' 2019, needs to be broken in order to test the immediate resistance (red bar) around $0.026+. It has been testing the $0.026+ immediate resistance for the past two days. Tron's Elliott wave theory depicts that we are in the last wave of its complete cycle.
Also the previous support around $0.2539-$0.2558 broke which might lead to support turned resistance(S/R flip).
MACD is slightly turning bullish as well as Stoch-RSI is in oversold zone forming a bullish divergence which might cause the price jump in the coming days.But challenging S/R flip area along with immediate resistance(red bar) is necessary for Tron analysis meaning with bullish sentiments.
#3 Conclusion
Overall, TRON(TRX/USD) is under pressure after the BTT airdrop timeline got over and needs another catalyst to boost the price action in upward direction.
