80 % 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
Technical 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...
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...
TRON (TRX), not financial advice.
Might want to sell before token swap situation medium.com
But it could also continue to pump through the swap, trailing stop will protect you.
Entry: 807
Target 1: 1000 (870 short term)
Target 2: 1083
STOPLOSS: 772
possible profit 25% - 34% (7.7% short term)
possible loss 4.34%
Risk/reward 5.77 - 7.89
Keep your eyes on...
TRXBTC:
Next target is around 1130-1199 ranges based on my wave count.
(i personally entered at 740 sats and sold at 1009.. again entered around 800-832 sat ranges)
and that is approx final target. i need more data to find the exact final target.
Here's my bullish wave count on TRON/BTC.
Entry:
I expect a small pullback at the double top range (1050-1100 satoshis) going into a successful retest.
I personally already have a position in TRON.
However, I'd suggest an entry at the retest of double top range as there's not much price difference from now and then.
Target 1: 1200 satoshis
A truncated...
After an Incredible run TRX is still holding on the trend line as we have a lot of buyers in the 860 - 900 area , on the bright side TRX is now in a smaller consolidating ascending triangle which will be breaking upwards but as BTC market still slides down a break of the current triangle upward could achieve a target between 970 - 990 sat. Good luck!
It 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...
We are in a huge 5th Wave Target is at 1080 -1090 satoshis. This is not financial advice just my personal TA based on a scenario Against Bitcoin 1.19% and TRX 7.12% . Good day!
This Is based on 4 Hour chart for TronBTC. It has just completed Impulse Wave 3 and started retracement Wave 4 which is expected to around 870 to 855 Satoshis (Around .382 Fib level) Impulse wave 5 should then takeover it up to .50 or .618 Fib level with possible target around 1150 Satoshis. Also look at 4 Hour RSI we have a trendline drawn in red.
This is not...
![TRXBTC: Bullish Wave Count on TRON [with targets]](https://s3.tradingview.com/s/SfGGhIhH_mid.png "Bullish Wave Count on TRON [with targets]")
