Head and shoulder, reversal patternHello everyone.
We can see a Head and Shoulder pattern which our S.L is 163 SAT and our target is 198 SAT.
Every price under 170 SAT will be a suitable entry point.
TRXBTC trade ideas
TRON (TRX) Next Target Short-TermHere let's have a look at TRON (TRXBTC).
The next target for me is sitting at MA200 or 0.00000186.
We have a higher low compared to the 27-July and also a reversal candle being printed.
Closing above EMA10 on the current 4H candle confirms this set up.
A full candle close below 0.00000165 is our stop-loss.
Namaste.
TRXBTC bullishI think old mate Justin Sun about to go on a marketing spree, already starting to hear rumours about tron and DEFI projects, could be a good time to establish a long term position here and wait to see if he has the skills to start a new pump.
TRON $TRX HEADING TO THE MOONOK, It's been years since I've traded Crypto, but this looked like a good set up, so I'm all in with $400.
TRON flipped trendline and 200 MA and retest, ready to pumpTRON flipped trendline and 200 MA and retest succesfully, ready to pump IMO, good entry now, should have good profit in few days
TRON $TRXThis is a no brainer, weekly chart is dope and one of the few coins which have not moved against Bitcoin. TPs are marked in the chart. Its about to start its new cycle as accumulation range is about to end soon. 26% to 60% ROI is easy peasy on this.
Caution: Always do your own research as cryptos are highly speculative assets. Not a financial advice.
ichimoku & moving 200 & fib divHello friends
The upward movement has begun.
High price of Como cloud.
The resistance ahead is broken and will continue to grow by touching the 200 moving average
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TRX/BTC: Daily Chart - Break in Inverted Head and Shoulders+ Break + Re-test in Inverted Head and Shoulders
+ Bullish Engulfing forming on Daily
+ Price being held at 50% fib level
+ Change in Market Structure ie. HL + HH
TRONTRXBTC moving inside uptrend channel also we can see small falling wedge near the support line of this channel.
I expect the movement to the resistance line of this channel, as well as the 61.8 Fibonacci level.
RSI - oversold
Best regards EXCAVO
$TRON $TRX Cup and HandleTron has done a Cup and Handle pattern recently, still low on volume tho.
Are we about to explode ?
Who feels Long on tron?
TP1 240 TP2 273 TP3 311
SL 165
What is next forTRX?Hello, traders
See, for TRX, we had a reversal in an important support level, but in my view, we are still without trend since we felt the first resistance in 204 satoshis, if we pass that level I believe that the price can get the next resistance at 250
If a candle closes above 195, it calls my attention to the bulls being stronger.
At any case, 168 satoshis is a good spot point to buy this asset
Best Regards.
Sandro and Gustavo.
TRXBTC | Key Level |S/R flip Retest | Head and Shoulders Today's analysis – TRONBTC – Trading at a key pivotal level, putting in an S/R flip retest.
Points to consider:
- Valid head and shoulders (neckline breached)
- S/R flip retest
- 200 EMA support Confluence
- 21 EMA (visual guide)
- Low volume
- RSI trading above 50
- Stochastics buy cross
TRXBTC has breached its inverted head and shoulders neckline, validating the pattern and establishing a higher high, forming a bullish bias in the market.
Consolidating at it its daily support zone, putting in an S/R flip retest. Price needs to hold this level for a valid long trade.
Support zone is also in confluence with the 200 EMA acting as dynamic support, further solidifying this key level. Price trading above the EMA will support the bullish bias.
Further price development will allow the 21 EMA to act as a visual guide assisting in trade management.
Volume is clearly tapering off and below average. An influx of volume is key at this level to support the trend continuation and void any fake-outs.
RSI holding above 50 as it cools-off from overbought conditions; ranging above 50 will retain the strength in the market.
Further bullish price action will form a bullish crossover on the stochastics with ample stored momentum to the upside.
Overall, in my opinion, TRXBTC is in its buy zone for a valid long trade with technical targets above. Volume follow-through is needed and will be key for a bullish continuation.
If you’ve read this far - thank you for following my work!
And as always,
Focus on you, and the money will too!
TRXBTC Opportunity for 40% potential profitTRXBTC Broken out long resistance and completed inverse head & shoulders pattern
My entries where as shown at 171 sat and 180 sat and I had 15% profit from my first entry and 10% profit from my second entry
More space to move for TRXBTC'
Now TRXBTC has came back to strong support level were i bought again at 188 sat. The neckline of the IH&S + the 200 EMA acts as strong supports at the given zone level.
New Entry: given zone
Target 1: 231 sat
Target 2: 263 sat
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Where is the magnet Tron?Here we can see that the S/R flip is around 186 sats and how we are currently flirting with it. According to my analysis' pov we are at the bottom of the channel. Chances are that we hunt for higher prices until we break up or down from this channel. On the chart you can see that we've never been very far from the 200 MA so as long as bitcoin keeps ranging laterally my bias stays upward for TRXBTC, at least until we're back above the 200 MA, once confirmed the 0.5 or 0.618 fib might cause a trend reversal or a slight pullback. Losing support of the 0.236 fib invalidates this idea so stay tuned!
*DISCLAIMER* I'm new to chart analysis since November 2019 and this idea is only for the purpose of sharing ideas -> NOT investment advice,
therefore any feedback from aspiring traders and experts are more than welcome.
Always keep in mind not to enter a trade to soon and remember to take profit along the way.
Stay safe, stay profitable & may the odds be forever in your favor ^^
