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TRON

TRX: Bullish Flag BreakoutTRON (TRX) technical analysis: Trade setup : A rare asset that’s remained in an uptrend despite the overall market correction, signaling robust demand from buyers. Price broke bullishly out of an Ascending Triangle pattern, which is a sign of an Uptrend. Price got overbought RSI ~ 80 and pulled back near $0.073-$0.075 support, briefly consolidated in a Bullish Flag pattern, and broke out again in the direction of existing uptrend. Next resistance level is $0.09. Pattern : Bullish Flag pattern. Short term small rectangle trading range between diagonal parallel lines. It moves counter to the prevailing price trend observed in a longer time frame on a price chart. It forms typically following a sharp advance and often indicates a small change in direction (or areas of consolidation) before the previous trend resumes. Flag pattern is among the most reliable continuation patterns that traders use because it generates a setup for entering an existing trend that is ready to continue. Trade is initiated on a breakout, if it is in the same direction as the prevailing trend. Also, with bullish flag patterns, traders prefer a breakout with an increase in volume but it isn’t a must. Trend : Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55). Support and Resistance : Nearest Support Zone is $0.073, (previous resistance) then $0.065. The nearest Resistance Zone is $0.080, which it broke, then $0.090.
Long
by altFINS
TRX Shows Strong GrowthTRX has experienced a growth rate exceeding 10% as a result of renewed demand, reaching the specific resistance range of $0.082-0.086. It is noteworthy to observe that this resistance level has historically elicited significant market reactions. Additionally, the price movement has consistently progressed towards the upper boundary of the medium-term ascending channel. Consequently, there exists a potential for the price trend to consolidate beneath this resistance level. The medium-term outlook for Tron remains optimistic, and under favorable market conditions, a successful breach of the current resistance level may lead to a plausible next target within the $0.10 range.
by MonoCoinSignal
2
TRX: Bullish FlagTRON (TRX) technical analysis: Trade setup : A rare asset that’s remained in an uptrend despite the overall market correction, signaling robust demand from buyers. Price broke bullishly out of an Ascending Triangle pattern, which is a sign of an Uptrend. Price got overbought RSI ~ 80 and pulled back near $0.073-$0.075 support, which could be a potential swing entry with upside potential to $0.09. After a sharp move up, price is consolidating in a Bullish Flag pattern, which typically resolves with a breakout in the direction of existing uptrend. Pattern : Bullish Flag pattern. Short term small rectangle trading range between diagonal parallel lines. It moves counter to the prevailing price trend observed in a longer time frame on a price chart. It forms typically following a sharp advance and often indicates a small change in direction (or areas of consolidation) before the previous trend resumes. Flag pattern is among the most reliable continuation patterns that traders use because it generates a setup for entering an existing trend that is ready to continue. Trade is initiated on a breakout, if it is in the same direction as the prevailing trend. Also, with bullish flag patterns, traders prefer a breakout with an increase in volume but it isn’t a must. Trend : Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI > 55 (Bullish). Support and Resistance : Nearest Support Zone is $0.073, (previous resistance) then $0.065. The nearest Resistance Zone is $0.080, then $0.090.
Long
by altFINS
TRX: Ascending Triangle BreakoutTRON (TRX) technical analysis: Trade setup : A rare asset that’s remained in an uptrend despite the overall market correction, signaling robust demand from buyers. Price broke above the Ascending Triangle pattern, which is a sign of an Uptrend. However, price is getting overbought RSI ~ 80. Wait for price to pullback near $0.073. This could be a potential swing entry with upside potential to $0.09. Pattern : Ascending Triangle which is a continuation pattern (it typically breaks out in the direction of existing trend). Most traders wait for a breakout but Swing traders could trade between the trendlines (Buy at Support, Sell at Resistance) as long as the trendlines are still relatively far apart. Trend : Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55). Support and Resistance : Nearest Support Zone is $0.065, then $0.058. The nearest Resistance Zone is $0.073, which it broke, then $0.090.
Long
by altFINS
Tron [TRX] to face price rejection at range highTRX has been oscillating within the $0.0670 - $0.0710 range in the second half of May. Price action has hit the range high and could expose TRX to more selling pressure. A likely drop could offer a shorting opportunity targeting the support zone of $0.06700 - $0.06770 (cyan). The zone was a crucial resistance in the second half of April but was flipped to support in May. Entry: $0.07074 (below range high) Target: $0.06700 (resistance-cum-support) Stop-Loss: $0.07176 (above range high) R:R - 3.9
Short
by AMBCrypto_TA
1
Tron: Trend is your friendA lot of people getting bullish here but it's important to remember that Tron was and still is in a bearish market structure. Consistent lower highs and the current push still has the potential to be the next lower high. Especially with the current state of the economy, the FED has no intentions of slowing down interest rates. Making it harder to attract money into high-risk plays like altcoins. It is much more likely for the bearish trend to continue and for new lows to form. Best case wait for a strong market structure change and acceptance at higher prices or wait for the market to head lower down to accumulate.
BINANCE:TRXUSDShort
by sachu_blessyou
1
TRONUSD: Logscale AB=CD Looking to Play Out For a 2nd TimeThis is a Cup with Handle and an AB=CD at the same time that I posted before, but it was on the FTX chart and that one actually ended up playing out perfectly but on other exchanges TRXUSD just kinda sat here but now it's breaking out on a Monthly timeframe and it's starting to look like we will be getting the same performance we got on FTX on a more Global level so I'm just reposting it on a chart that's still alive since the FTX chart is gone. The MACD on the Monthly should also be going into positive territory very soon. Here is the link to the original setup: On another note, TRX recently reached the TP target of a more recent daily trend line trade, one could try to hold on for the bigger target presented on the monthly chart, or they could take some profits now given how much they are up. Here's a link to that setup:
KRAKEN:TRXUSDLong
by RizeSenpai
Trade Of The Day | TRX | Tron breaking out for potential 8.17%Trade Of The Day | TRX | Tron breaking out for potential 8.17% Tron has had a ton of bullish news around it recently and the technicals are starting to look pretty good wit ha key breakout now showing. It's a little overbought so could be a little retrace before a bigger move up. | Breaking Longterm Resistance & Triangle Pattern | Break and retest Daily 20 EMA | Bullish Signal | Overbought so watch out for a retrace maybe into a cup and handle
Long
by Kryptochristian
TRX Tron Double TopThe Double Top and Double Bottom are some of the most obvious and reliable chart patterns in technical analysis, especially for financial instruments that don't trade based on fundamentals, such as TRX Tron. If it were based on fundamentals, TRX should have been traded much lower by now, considering Justin Sun is being sued by the SEC (Securities and Exchange Commission). However, that's not the case. In fact, for crypto technical analysis, which focuses on human behavior in the candlestick charts, it works better than fundamental analysis, which often involves FUD (fear, uncertainty, and doubt) or FOMO (fear of missing out). According to the Double Top chart pattern, my short-term price target for TRX Tron is $0.054. I look forward to reading your opinion about it!
Short
by TopgOptions
1
TRX: Ascending TriangleTRON (TRX) technical analysis: Trade setup : A rare asset that’s remained in an uptrend despite the overall market correction, signaling robust demand from buyers. Now it’s trading in an Ascending Triangle, which typical resolves in a bullish breakout in the direction of existing Uptrend. In this case, price needs to break above $0.070-$0.075 resistance zone to signal Uptrend continuation, with upside potential to $0.09 thereafter. Pattern : Ascending Triangle which is a continuation pattern (it typically breaks out in the direction of existing trend). Most traders wait for a breakout but Swing traders could trade between the trendlines (Buy at Support, Sell at Resistance) as long as the trendlines are still relatively far apart. Trend : Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI > 55 (Bullish). MACD Histogram bars are rising, which suggests that momentum could be nearing another upswing. Support and Resistance : Nearest Support Zone is $0.065 (previous resistance), then $0.058. The nearest Resistance Zone is $0.071.
Long
by altFINS
TRON (TRX)/USDT WCA - Inverted Head and Shoulders PatternHello and thank you for taking the time to read my post. Today, we analyze TRON (TRX)/USDT on the weekly scale chart, focusing on an exciting price pattern known as the "Inverted Head and Shoulders Pattern." In our analysis, this pattern suggests that TRX/USDT could be a strong candidate for an upcoming breakout to the upside. Inverted Head and Shoulders Pattern: The inverted head and shoulders pattern is a bullish reversal pattern that occurs at the end of a downtrend. It is characterized by three troughs or valleys, with the middle one being the lowest (the head) and the two on either side being relatively higher (the shoulders). The pattern is completed by a horizontal line called the "neckline," which connects the highs of the shoulders. In a nutshell, the formation of the inverted head and shoulders pattern signals a potential reversal from a downtrend to an uptrend. Analysis: The general trend for TRX/USDT has been a downtrend since 12/04/2021, as seen through the diagonal resistance. We broke this resistance on 23/01/2023 and have since been trading sideways. A strong indication of potential support is evident in the wicks (price extremes) highlighted with blue markers, and the 200 EMA playing a supporting role, indicating a bullish environment. The main focus of our analysis is the perfectly defined inverted head and shoulders pattern. With a clear neckline and horizontal resistance at 0.07201, the two shoulders respect the symmetry line. It appears that the right shoulder is preparing for a test of the neckline. Upon a breakout, the price target would be 0.02615, corresponding to a 36.30% increase. A breakout filter could be applied to avoid premature breakouts. Conclusion: The TRX/USDT weekly chart analysis highlights the inverted head and shoulders pattern as a potential breakout candidate to the upside. Traders should closely monitor this pattern and the neckline for any signs of a breakout. As always, it's essential to consider risk management and proper position sizing when trading based on chart patterns. Please note that this analysis is not financial advice. Always do your own due diligence when investing or trading. If you found this analysis helpful, please like, share, and follow for more updates. Happy trading! Best regards, Karim Subhieh
by KarimSubhieh
TRX Tron Double Top Chart PatternTRX Tron has formed one of the most obvious and bearish chart pattern out there: the Double Top. The double top chart pattern is a bearish reversal pattern that is commonly observed in technical analysis of financial markets. This pattern typically forms after an extended uptrend, indicating that the market may be losing momentum and could potentially reverse its direction. The pattern is characterized by two distinct peaks that are formed at approximately the same price level, separated by a period of consolidation or retracement in between. The two peaks are often referred to as the "left shoulder" and the "right shoulder," while the period of consolidation in between is referred to as the "neckline." Once the second peak is formed and the price breaks below the neckline, it is considered a confirmation of the double top pattern. This break below the neckline indicates that the buyers are no longer able to push the price higher, and the sellers may have regained control of the market. The Price Target of this pattern for TRX Tron on this particular pattern is $0.054! Looking forward to read your opinion about it!
Short
by TopgOptions
Tron TRX Price Targets after the FOMC meeting this weekThe upcoming FED meeting on May 3rd could cause a further decline in the crypto market due to the potential rate hike and ongoing unease around banking system developments. The outlook for the crypto market after the upcoming FED meeting on May 3rd is bleak. Fears of a deep credit crunch caused by Silicon Valley Bank's collapse have not yet materialized, and the financial situation is much steadier. Additionally, inflation remains elevated, and with evidence of stubbornness in underlying inflation, it could be in the 4% to 5% range, far above the 2% inflation target. The markets are pricing in a 25bp Fed Funds rate hike to 5.25% at the May FOMC meeting, and given the steadiness in financial markets, persistence in price pressures, and continued decent activity, this could contribute to a further downturn in the crypto market. TRX/USDT short Entry Range: $0.065 - 0.070 Price Target 1: $0.055 Price Target 2: $0.045 Price Target 3: $0.030 Stop Loss: $0.074
Short
by BuySellMarketMaker
TRX Tron Founder Justin Sun 4 Days Left To SEC Lawsuit Summon !Justin Sun's Deadline Approaches: 4 Days Left to Respond to SEC Lawsuit Summon Over Alleged TRX Market Manipulation! Tron (TRX) cryptocurrency founder Justin Sun has reportedly been issued a summons in the Securities and Exchange Commission (SEC) lawsuit. The SEC charged Sun with "fraudulently manipulating the secondary market for TRX through extensive wash trading," claiming that trades were made without a change in "beneficial ownership." The SEC also alleged that the distribution and sale of BTT and TRX required Sun to register the sales with the agency because they were allegedly sold as securities. In addition, the SEC accused Sun of orchestrating "a scheme to pay celebrities to tout TRX and BTT without disclosing their compensation." This claim suggests that Sun may have been involved in misleading investors by paying celebrities to promote TRX and BTT without disclosing their compensation. The allegations against Sun are significant and could potentially have a significant impact on the cryptocurrency market. I expect TRX Tron selloff soon! Looking forward to read your opinion about it!
Short
by TopgOptions
#Tron is Bullish but Pinned Below $0.0675 After Dropping 8%Past Performance of Tron Tron prices remain in a consolidation, looking at the performance in the daily chart. Overly, buyers of Q1 2023 appear to be in charge. Still, the failure of buyers to convincingly break above the recent resistance levels questions the strength of the uptrend. For now, critical reaction levels remain to be $0.0675 and $0.0645. #Tron Technical Analysis TRX is bound in a tight consolidation zone with clear resistance and support levels. Buyers of Q1 2023, as mentioned earlier, remain in control. The rejection of lower prices in recent trading sessions is a huge positive for the coin. However, for buyers to be aligned with the primary trend from mid-March, there must be a high-volume break above $0.0675 to confirm buyers of mid-March 2023. TRX may float to $0.073, or February 2023 highs in that case. What to Expect from #TRX? TRX rose nearly 45% in Q1 2023 but is down 8% from peaks, supporting the preview that buyers are in control. Still, there must be a clear breakout from the current consolidation. If not, deeper corrections below the last week's lows may see TRX crash to $0.055. Resistance level to watch out for: $0.0675 Support level to watch out for: $0.0645 Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
#TRX/USDT on the verge of a Breakout in Weekly.This coin has been trading sideways since June 2022. A breakout is likely. Zooming in on the Daily Chart A clear Breakout is visible. The upcoming weekly close will clear more doubts eventually. A weekly close above the .07 level will trigger a Bullish rally. Recommended Entry:- .061 to .066 Targets:- 0.088, 0.097, 0.114, 0.126, 0.1412 Stop loss:- 0.05272 Please observe the chart for more details. Let me know what you think in the comments. DO HIT THE LIKE BUTTON IF YOU WANT TO SUPPORT MY CONTENT. Thank you so much for your support. #PEACE
Long
by Cryptorphic
11
TRX Could Drop to 3.3 cents Following Failed Breakout (EW)Based on the severity of this pull back It seems like the breakout for TRX has failed, and based on the macro environment the probabilities are mounting we may briefly see new lows this year before pushing towards all time highs. This seems to be coinciding with a crash in the US banking system, which will eventually lead to a fast response by the Fed to turn the printers back on to save the banks and prop up asset prices. At first TRX could get a quick drop to 3.3 cents as asset prices depress almost across the board. Following the inevitable Fed intervention, TRX and most cryptos should push towards new all time highs. At a minimum TRX should go to over 60 cents in the following year as the money printers get turned back on again. The very recent collapse of multiple banks in the US could lead to system wide contagion in the US banking system that will only be stopped by massive intervention and money printing by the Fed. A systemic bank run could lead to a dollar liquidity crisis and temporary demand spike for dollars as depositors can no longer get their dollars out of banks and will need to sell off other assets to pay their bills, this selling will continue up until the central bank is able to effectively deal with the situation and extinguish the fire by throwing freshly printed money on it. The Fed typically keeps tightening until they 'break something,' and things are definitely starting to break now.
KRAKEN:TRXUSDShort
by Intuit
15
TRX 4 Year Triangle Ending, Going to $10+ Next YearTRX appears to be ending a triangle which began at the beginning of it's price history with the lowest point being wave-A of the triangle, and wave-E reaching its conclusion now based on the time target of E=(C+D)/2, and a price target of of E=C(0.382). The internal structure of wave-E has formed into a perfect triangle with wave-e of E now reaching its time target based on the monthly and weekly charts. A triangle seems to fit the best here because wave-D=(B+C)/2 (time), and wave-E=C+D (time). Wave-B was retraced more than 61% by wave-C, wave-E relates to wave-C by 38.2% (price), and wave-D relates to wave-B by 61.8% (price). The structure of every wave is corrective. The channeling of both the larger triangle and the smaller triangle is ideal, with wave-E giving false breakdowns on both triangles. All other counts I've seen seem to have significant improbabilities, with this count seeming to have the best time, price, structure, channeling, and complexity relationships of all counts I have considered so far. The implications of this are that we should see a move that is bigger and faster than wave-B, which would take TRX to well over $10 next year. The fundamental trigger for such a large move would probably be related to TRX burns accelerating at the same time that Chinese money begins to enter the market through Hong Kong legalizing crypto trading and ETFs and pushing to become a global crypto-financial hub. TRX is in the best market position to benefit from new Chinese money entering the market next year, and the extremely rapid rate of TRX burns increasing with more USDD demand and network activity creates an expected future supply that is a tiny fraction of what it is today.
KRAKEN:TRXUSDLong
by Intuit
5