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TRON

TRON (TRX) - June 8hello? Traders, welcome. If you "follow", you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (TRXUSDT 1W Chart) From a mid- to long-term perspective, if the price holds above 0.07192, we expect the uptrend to continue. However, the key issue is whether it is supported by rising above 0.08631, the primary resistance section. (1D chart) If it finds support and rises in the 0.08223-0.08631 section, it is expected to surge. So, the key is whether it can move higher than 0.08631. (buy) - After confirming the support in the section 0.08223-0.08631 (Stop Loss) - When resistance is received by falling in the range of 0.07451 - 0.07679 - When it falls below 0.07070 (Sell) - When receiving resistance in the range 0.11228-0.12526 ------------------------------------------------------------ ----------------------------------------------------- ** All indicators are lagging indicators. Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume. However, for convenience, we are talking in reverse for the interpretation of the indicator. ** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet. ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.) ** Support or resistance is based on the closing price of the 1D chart. ** All descriptions are for reference only and do not guarantee a profit or loss in investment. (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.) ---------------------------------
by readCrypto
Tron USDT Up or down, time will tell. These are suggestions for what might happen. You could already buy around now, if you have low leverage and can have some space for stop loss. Or you could wait and see if price breaks temporary trend line, enter at the lower support line, or wait to see if price breaks down below lower support, and take a short to the downside of the range. Good luck! God bless you all! PS. I do not swear to abide to house rules, cause Jesus told us never to swear by anything. But Yes, I comply with house rules. Regards ThomChris
by thomchris777
TRX/USDT : Waiting for clear trend validation (Triangle Pattern)---- Mid-term Analysis for the next coming 4 weeks to 3 months - Daily Chart Basis ------- TRX/USDT : Waiting for clear trend validation (Triangle Pattern) Context The TRON chain and its native token TRX have managed to outperform the major cryptocurrencies amid the recent market crash. The successful performance of TRON’s stable coin USDD has made a major impact on the surge of Tron’s total value locked (TVL). However looking at the technical elements, TRON is shaping a consolidation in triangle pattern which can triggered either a bullish or Bearish exit. A clear directional signal will be provide by surpassing or penetrating the Tactical Neutral levels. Market configuration - Graphical Elements : Graphical support = 0,052 & 0,011 - Mathematical Indicators: EMA ( Exp Moving averages) are supporting the market - however globally flat following the triangle wave = Neutral RSI indicator (below) is at 50% = Neutral - Elliot & Harmonic Wave (Fibonacci): (i) Intermediate consolidation in 'Triangle' (a) (b) (c) (d) (e) (X) is in progress (Blue line) Fibonacci resistance in the current wave (d) = 0,1040 Fibonacci support of the wave (e) (X) = 0,0520 Fibonacci Bullish Target = 0,2610 (ii) Consolidation in classic downside range (Flag) - (X) Fibonacci bearish Target = 0,02390 Conclusion At this stage to early to give a directional picture on TRON on the mid-run, even if at this stage there is a slightly preference for a bullish exit, the global crypto situation is tricky and the last recovery on TRX is coming from the launch of a new Stable coin. It would be more secure to wait a clear directional validation before taking position. Neutral case (i) => Holding above 0,0520 and bypassing 0,1040, a triangle bullish exit will open 0,2610 Neutral case (ii) => Holding below 0?1040 and penetrating 0,0520, a classic downside trend will open 0,02390
by JeanJean1983
TRXUSDT Testing the top of the 1 year Triangle. What's next?*** *** For this particular analysis on TRON we are using the TRXUSDT symbol on the Phemex exchange. *** *** The idea is on the 1D time-frame where Tron has been trading within a Triangle pattern since its April 17 2021 market Top. Since then we've had two Higher Lows and another Lower High. At the moment the price is the closest it has been to a new Lower High. If broken it will be a major bullish break-out for the coin and should target the 0.1300 Resistance of the November 15 2021 Lower High. There is another interesting pattern involved as well. The 1D RSI sequence resembles the Lower Highs/ Higher Lows pattern of the previous mid - late 2021 rally of July - November. If the price breaks the RSI Lower Highs the move this time may be outside the blue box as the current price action is far more aggressive than that of October - November 2021. That may very well deliver the 0.13000 Resistance test. If however it gets rejected on the Lower Highs, we expect a pull-back to the 1D MA50 (blue trend-line) and then a test of the top of the blue box. Notice that a 1D Golden Cross has just been formed (1D MA50 crossing above the 1D MA200) and that the 1W MA50 (red trend-line) has been acting as a Support in the past week. -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
by TradingShot
5
Tron (TRX) seems needs to complete its correction phase.Hello ladies and lads, hope you are well. Tron apparently is at the end of D wave of ABCDE corrective structure. We should be cautious if we have long positions on this particular coin. On the other side, this could be wrong if we break through the trendline that is ahead of the price. In that case, the price should breakthrough C's Top to invalidate ABCDE corrective structure. Stay agile on days ahead. Ask any question at comment section, and feel free to send me message. Cheers!
Short
by HunkIsHere
Tron vs Tether Long-Term (115% Potential to All-Time High)TRON has been printing higher lows vs Tether (TRONUSDT) since March 2020; we have a bullish chart setup. TRXUSDT price remains trading above EMA100/50/10. We have the highest volume ever this month of May. We have a strong RSI as well and a total potential of 115% to its all time high. The main support levels go as follow: 1) 0.075200 short-term. 2) 0.064825 main support for the current move. 3) 0.046376 long-term support. You can stay 100% bullish above 0.075200. Below this level things can change but the bullish bias remains strong above 'main support'. That is all. I hope you find this information useful and it helps you maximize profits. I am wishing you tons of success, great health and lots of wealth. Namaste.
Long
by MasterAnanda
2
$TRX - 3 Confluences To Short It *Smart Money**SMT* = Smart Money Theory = everything you think that is not retail related to trading. First, SMT does not believe that triangles, wedges , trendlines , channels, harmonics, etc. has any effect on how price reacts. I'm Sorry, but you won't convince me that Bitcoin knows it has created a triangle and that it knows how to react from that? It does and will remember price levels, that's it. The second is to recognize that the price is not random, it is set by an algorithm controlled by those that control the asset. The Third thing to remember is price will move toward attacking where there is Liquidity (Equal Highs, Equal Lows, phantom Trendlines etc.) and Balance (Fair Value Gaps, Liquidity Voids.) That's the basics. The rest is very unique in the vocabulary you need to have and the concepts that wrap around these ideas. TLDR; Entry 0.0806 (Already Entered but we have a long way to go so enter soon) Stop Loss: 0.0847 - 0.085 Take Profit: 0.073541 If you look at the Daily Chart My entry is based upon the Bwearish Order Block (Bottom Last daily green candle before the high). As price seeks liquidity or imbalances, I believe its heading for the imbalance in the 4 hour chart, The fair Value Gap And then if ypou look at the 4 hour theres a Fair Value Gap at 0.073541, Near this same Price is the Discount Price in the Dealing Range (Dealing Rang Example , Discount Price is 61.8% of retracement) Also in this same area is a bullish order block on the 4 hour So thats the 3 Confluences. 1. Fair Value Gap (4HR) 2. at the Discount Price of the Dealing range (Daily Chart) 3. Which is also at the Bullish Order Block (4HR). This is where smart Money would be aiming to buy up more TRX at a discount price as it goes past two areas of relatively equal lows on the 15 min chart where most retail traders stay. They'll believe these to be Support Lines, when it's a false sense of support as Smart Money wil drive the price deeper just to buy Cheaper. Good Luck and Happy Trading BINANCE:TRXUSDT BINANCE:TRXUSD KUCOIN:TRXUSDT OKCOIN:TRXUSD COINEX:TRXUSDT
Short
by BodiesXWix