Technical analysis:
. Tron/US Dollar is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 60.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.014500 to 0.011100). if so, traders can set orders based on Price...
Technical analysis:
. Tron/US Dollar is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 60.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.014500 to 0.011100). if so, traders can set orders based on Price...
Technical analysis:
. Tron/US Dollar is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 40.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.021400 to 0.018100). if so, traders can set orders based on Price...
Hi all
Good day! In my previous post , I described about Stellar short term price action that follows Inverse Head & Shoulders Pattern which is a bullish pattern. This is executed perfectly well and had a bullish breakout.
In this post, I will explain similar price action that follows the same "Inverse Head & Shoulders Pattern".
As you can see in the chart,...
TRON / USD Short-term price analysis
TRON has a neutral short-term trading bias, with the cryptocurrency rallying back towards its 200-period moving average on the four-hour time frame.
The four-time frame continues to show a large head and shoulders pattern, with TRX / USD buyers still unable to invalidate the bearish pattern.
Technical indicators on the...
TRON / USD Short-term price analysis
TRX has a bearish short-term trading bias, with the cryptocurrency now trading below its 200-period moving average on the four-hour time frame.
The four-hour time frame shows the presence of a head and shoulders pattern with the TRX / USD pair edging towards the neckline of the bearish pattern.
Technical indicators on the...
A correct Elliott wave count must observe three rules:
Wave 2 never retraces more than 100% of wave 1.
Wave 3 cannot be the shortest of the three impulse waves, namely waves 1, 3 and 5.
Wave 4 does not overlap with the price territory of wave 1, except in the rare case of a diagonal triangle formation.
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Technical analysis:
. TRON/DOLLAR is in a downtrend and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 34.
. While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue .
Trading suggestion:
. Price is in the support zone...
Technical analysis:
. TRON/DOLLAR is in a downtrend and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 41.
Trading suggestion:
. There is still a possibility of temporary retracement to suggested support zone (0.034 to 0.030). if so, traders can set orders based on Price...
Technical analysis:
TRON/ETHEREUM s 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 45.
Trading suggestion:
The price is in a range bound but we forecast the uptrend would begin.
There is a possibility of temporary retracement to suggested support zone (0.000090...
Technical analysis:
TRON/DOLLAR s in a range bound and resumption of uptrend is expected.
The price is below the 21-Day WEMA which acts as a dynamic resistance.
The RSI is at 44.
Trading suggestion:
The price is in a range bound but we forecast the uptrend would resume.
There is a possibility of temporary retracement to suggested support zone (0.0562 to...
TRON (TRX/USD) is analyzed and it's important to emphasize that the /USD pair is my primary mode of analysis because it has a single variable; the change in demand for the coin. The /BTC has TWO variables; the change in coin demand and rate of change in BTC price. THIS difference makes the /BTC pair chart LAG the /USD pair; especially during the uptrend. IF the...
