TRXUSDT Consolidation more than 1y and its possible consequences
Before you is the global chart of TRXUSDT on a 3-day time frame.
At a time when most altcoins show a stable downward trend for more than a year, the price of TRXUSD is consolidating in the upper half of the all-time price range.
If at the beginning of the consolidation, the price movement in the consolidation was 300%, now the possible price movement within the consolidation triangle is 50%.
Further, in the consolidation, "the spring will be compressing", and this may drag on until the fall, or even until the end of the year. But when it shoots, the impulse will be very strong and long-lasting.
The chart shows a strong liquidity zone $0.046-0.052. For the first time, sellers and buyers actively competed in this zone in May - July 2021.
During the May fall in 2022. - the TRX price confidently growing from $0.07 to $0.09, when parallels 90% of alts were mercilessly falling.
However, already in June 2022, the TRXUSDT price caught up with the general fall of the crypto market, but a large aggressive buyer did not allow the price to update the minimum from May 2021. (FUD around the stablecoin Usdd)
Summarizing:
If in the coming days-weeks the TRXUSDT price will not be allowed to fall below $0.06, then know - it is being accumulated by large buyers.
The minimum goal for growth is $0.09, and if it breaks higher, the Tron price will be able to fly up to $0.135-0.14
If you see the TRXUSD price fixing below $0.52, you will most likely have to flee from the Tron, because there will be a threat that the fall will accelerate to $0.25-0.35
_______________________________
Since 2016, we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
At a time when most altcoins show a stable downward trend for more than a year, the price of TRXUSD is consolidating in the upper half of the all-time price range.
If at the beginning of the consolidation, the price movement in the consolidation was 300%, now the possible price movement within the consolidation triangle is 50%.
Further, in the consolidation, "the spring will be compressing", and this may drag on until the fall, or even until the end of the year. But when it shoots, the impulse will be very strong and long-lasting.
The chart shows a strong liquidity zone $0.046-0.052. For the first time, sellers and buyers actively competed in this zone in May - July 2021.
During the May fall in 2022. - the TRX price confidently growing from $0.07 to $0.09, when parallels 90% of alts were mercilessly falling.
However, already in June 2022, the TRXUSDT price caught up with the general fall of the crypto market, but a large aggressive buyer did not allow the price to update the minimum from May 2021. (FUD around the stablecoin Usdd)
Summarizing:
If in the coming days-weeks the TRXUSDT price will not be allowed to fall below $0.06, then know - it is being accumulated by large buyers.
The minimum goal for growth is $0.09, and if it breaks higher, the Tron price will be able to fly up to $0.135-0.14
If you see the TRXUSD price fixing below $0.52, you will most likely have to flee from the Tron, because there will be a threat that the fall will accelerate to $0.25-0.35
_______________________________
Since 2016, we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
🎁 -20% on ALL trading fees OKX
okx.com/join/20PSTRADE
🔥V-I-P cutt.ly/PwkLhT56
👍Daily bitcoin reviews here💲 cutt.ly/3wnaaG4s
🔵Telegram t.me/pstrade_eng
okx.com/join/20PSTRADE
🔥V-I-P cutt.ly/PwkLhT56
👍Daily bitcoin reviews here💲 cutt.ly/3wnaaG4s
🔵Telegram t.me/pstrade_eng
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.