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TRON

TRXUSD Strong short-term but long-term needs moreTron (TRXUSD) has showed incredible strength short-term since May 01 up until today. Even though it broke above the 1D MA200 (orange trend-line) yesterday for the first time since December 17 2021, the coin remains within a long-term Triangle pattern since the April 21 2021 High. As a result it is still best to trade the Triangle (buy low - sell high) for as long as the 1W MA100 (red trend-line) supports and the Lower Highs (top) trend-line of the Triangle resists. In order for the market sentiment to turn bullish again on the long-term, we believe that a break above the 0.786 Fibonacci retracement level is needed (which contained the previous Lower High). In that case we expected a new rally towards the 1.382 Fib (matched the April 2021 High) and the 1.618 Fib in extension around 0.2200 - 0.2300. Note that the 1D CCI has been within a Channel Up since the last Triangle Higher Low. Adds to the bullish break-out case. -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
BINANCE:TRXUSD
by TradingShot
2
BITCOIN 30min TA : 05.04.22 (Update)You can see the amazing reaction of Bitcoin to its support level , and of course, it should be noted that the trading volume in the 37K range was very interesting , we have to see how the market will react with today's news . Follow us for more analysis & Feel free to ask any questions you have, we are here to help. ⚠️ This Analysis will be updated ... 👤 Arman Shaban : @ArmanShabanTrading 📅 05.04.2022 ⚠️(DYOR) ❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
COINBASE:BTCUSDShort
by ArmanShabanTrading
2
TRONThere is absolutely every chance of recovering at least 50% of the global fall in TRON. TRON has approached a key point, the intersection of two trend lines at the level of 0.06500. After a significant drop since the end of 2021, there is every chance of a breakdown of the trend line of the descending channel with the subsequent formation of an upward trend. The first target of the ascending channel is the resistance level of 0.8000, breaking through which opens the possibility of testing the level of 0.10000, which will be 50% of the last long-term decline. If the level of intersection of two trend lines at 0.6500 holds and TRON remains within the long-term downward channel, the next local support may be 0.05000 with the prospect of testing the level of 0.03500. The level of 0.05000 is a strong historical support, below which large volumes of pending purchases are concentrated; this fact can provide significant support to this level.
BINANCE:TRXUSDLong
by Kuznetsov_Sergey
#Tron Defying Strong Gravity, #TRX Buyers Target $0.Past Performance of Tron In a sea of red, Tron is defying gravity, ending last week strongly as per the candlestick arrangement in the daily chart. The coin is up roughly 10 percent in the past trading day and a massive 16 percent versus the USDT in the previous trading week. TRX bulls are resilient against bears, maintaining a bullish trend and impressively soaking in selling pressure. #Tron Technical Analysis Tron is within a bullish breakout formation from a top-down analysis. Notably, TRX prices are bouncing from the 20-day moving average, flashing with April 21 lows. The bull bar capped the recent price action. Since bears didn't drive TRX prices below $0.061, the sharp reversal from the critical level points to strength and trend resumption. Accordingly, TRX traders may search for entries with targets at April 21 highs of $0.075. Conversely, sharp losses below the middle BB may force TRX to $0.57. What to Expect from #TRX? Tron bulls are confident. The bullish engulfing bar of May 1 signals strength and possibly a resumption of the uptrend. In the immediate term, TRX may recover and retest April 2022 highs of around $0.075. Resistance level to watch out for: $0.075 Support level to watch out for: $0.057 Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer
TRX Breaking Up From Super Tight Range (Elliott Wave)TRX is potentially breaking out here. Momentum looks good, we've broken all the downtrend lines. Wave theory suggests that wave-c has finished based on time and price and structure. Harmonic cypher also suggesting a potential bottom. All signs pointing to a MASSIVE up. On-chain statistics are also showing a possible supply shock happening soon. TRX (and most cryptos) will probably go to all time highs from here, and quickly. TRX is likely to be declared legal tender in Grenada within the next few weeks according to Justin Sun, which could give it a huge boost and propel it into the top 10 by market cap.
Long
by Intuit
4
TRON Daily TA : 04.29.22 : #TRXIn this chart, we have examined the important and key levels of price supports and resistances , as well as the appealing levels for possible investment opportunity in this chart have been identified and you can keep an eye on it . Follow us for more analysis & Feel free to ask any questions you have, we are here to help. ⚠️ This Analysis will be updated ... 👤 Arman Shaban : @ArmanShabanTrading 📅 04.29.2022 ⚠️(DYOR) ❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
Long
by ArmanShabanTrading
1
Tron Price Analysis — April 29Despite the broader weakness in the crypto market on Friday, TRX has traded against the grain as it tapped a new weekly high above the $0.0700 top. However, it appears that bulls lack the composure to sustain this rally as the cryptocurrency falls back to the $0.0650 support. With the recent surge and rejection, TRX has lighted up a descending trendline, which is acting on the price to retest the $0.0600 low. Regardless, I anticipate a bullish rebound to the $0.0700 top over the coming days and a possible break towards the $0.07500 top. In the meantime, a bearish continuation below $0.0620 is highly unlikely. Meanwhile, my resistance levels are $0.0680, $0.0700, and $0.0720, and my support levels are $0.0650, $0.0620, and $0.0600. Total Market Capitalization: $1.78 trillion Tron Market Capitalization: $6.7 billion Tron Dominance: 0.37% Market Rank: #22
BINANCE:TRXUSDLong
by Mr_Wogbe_Alex