Tron TRX Jan 24 Technical Analysis - Sits in Consolidation - No Trend Established
Sideways for 4 Days. No trend established
No general trend established. We sit at 0.618 fib of this impulse wave up, waiting to see if this is a failed impulse wave up (X of WXY) or if it is an actual wave up. Target is above for typical 1:1 extension if wave does impulse up. Otherwise we may find support in the region below.
Always be cautious, take high probability trades, plan entries and exits, stick to high reward low risk R:R setups. Good luck traders
Please consider these videos:
Lesson 1 - Bitfinex Tutorial - How to Customize and Set Up Bitfinex
Lesson 2 - Tutorial Part 2 How to Analyze Candlesticks Charts with Strategy
Lesson 3- Let's learn Moving Averages
Lesson 4- Let's Learn Relative Strength Index RSI with Advanced Strategy
Lesson 5 Let's Learn MACD and Histogram
Lesson 6 Let's Learn Margin Trading Long, Short, Leveraging
Lesson 7 Let's Learn Basic Risk Management
Lesson 8 Let's Learn Fibonacci Retracement Part 1
Lesson 9 Let's Learn Fibonacci Extension Part 2
Lesson 10 Let's Learn Laddering
Lesson 11 Let's Learn Time Frames
Lesson 12 Lesson 12 Let's Learn Swing Trading Advanced 55 EMA Strategy
Twitter - https://twitter.com/PhilakoneCrypto
https://www.youtube.com/user/philakone1
If you enjoyed this video, please like, subscribe, follow, share, upvote, or donate to Luna!
Luna's personal bitfinex account:
BTC address: 1PruhmsYXU2gPkNw574xZSMyBG4YW5Wnq9
Ethereum: 0x2538b728f9682fc1dc2e7db8129730f661753850
LTC: LPeaZpGiF3XdCw5XPN7LXztDagTEZAMgYd
Bitcoin Cash: 1AY2FPANCe5URB71Nvy6tkCgoTS8iHgmZD
The ultimate goal is to help the crypto community because I think there's a lack of these type of videos. I want to share everything I've learned because knowledge is only power if passed on. These are educational videos intended to teach how to think through thought-out rationalization.
DISCLAIMER:
Legal stuff here. I'm not financial advisor. This is just my opinion that I'm sharing with the community. All information is for yours to process how you wish.
Nice post! Liked yours! please check my recent out where i talked about TRon (TRX) and like it if you want!
I really don't know what to think about TRX at the minute... I know the moment I decide to close my positions for others it will go up though ha! Won't make that mistake again!
I've read their White Paper and business plan and listened to the guy in charge but it lacks a real plan. The guy is not a good communicator. I'm a noob at this but as a retired business person I think this needs time to develop a good plan but as one of my first tries at investing it did make me some money at the first of the year. : )
thanks Phil as always and good to see you here on Steemit. You gonna do great here.