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TRON

Tron Overtakes Cardano: Is This the Beginning of a Bullish Run?The cryptocurrency market has been a rollercoaster in recent times, with various digital assets experiencing significant price fluctuations. In a surprising turn of events, Tron (TRX) has managed to outperform its rival, Cardano (ADA), with a remarkable price surge in the past week. This unexpected development has caught the attention of investors and analysts alike, sparking speculation about TRX's potential for further growth. One of the most compelling indicators of investor interest is the open interest, which represents the total number of outstanding derivative contracts for a particular asset. In the case of Tron, the open interest has skyrocketed by a staggering 52% in the last 24 hours. This substantial increase suggests a growing appetite for TRX among traders, potentially fueling further price appreciation. The surge in open interest could be attributed to several factors. Firstly, the recent price rally of TRX has undoubtedly attracted the attention of investors seeking outperforming assets. Secondly, the underlying fundamentals of the Tron network, such as its focus on scalability and decentralized applications (dApps), may be gaining traction among developers and users. If TRX manages to close a weekly candle above the crucial $0.15 resistance level, it could signal a significant shift in market sentiment and potentially trigger a more extended bullish trend. Breaking through this resistance would indicate strong buying pressure and could pave the way for TRX to challenge higher price levels. However, it's essential to approach this development with caution. The cryptocurrency market is highly volatile, and past performance is not indicative of future results. While the current trends for TRX appear promising, several factors could impact its price trajectory. These include broader market conditions, regulatory developments, and the overall adoption of blockchain technology. As with any investment, conducting thorough research and due diligence is crucial before making any decisions. Investors should carefully evaluate the risks and rewards associated with TRX and consider diversifying their portfolios to manage exposure to market volatility. In conclusion, Tron's recent outperformance of Cardano and the surge in open interest have generated excitement among investors. While the potential for a bullish breakout exists, it's essential to maintain a balanced perspective and consider all factors before making investment decisions. The cryptocurrency market remains unpredictable, and staying informed about market trends and fundamental analysis is vital for navigating its complexities.
BINANCE:TRXUSDLong
by bryandowningqln
1
TRX - Slow and easy trade#TRX/USDT #Analysis Description --------------------------------------------------------------- + Price has hit the support line and successfully bounced back from it with a long wick. + Overall trend is looking strong and we can expect the price to hit the next resistance line --------------------------------------------------------------- VectorAlgo Trade Details ------------------------------ Entry Price: 0.1262 Stop Loss: 0.1156 ------------------------------ Target 1: 0.1298 Target 2: 0.1333 Target 3: 0.1391 ------------------------------ Timeframe: Capital Risk: 1-2% of trading amount Leverage: 5-10x --------------------------------------------------------------- Enhance, Trade, Grow --------------------------------------------------------------- Feel free to share your thoughts and insights. Don't forget to like and follow us for more trading ideas and discussions. Best Regards, VectorAlgo
Long
by VectorAlgo
Rebounding from the support levelTRON is currently rebounding from the support level, but the upcoming resistance levels could hinder further price growth. Examining these key levels can provide a better understanding of future market behavior. Support Levels: $0.1190 Level: This level acted as initial support and the price has rebounded from it. $0.1120 Level: The second support level, acting as a stronger backup. Resistance Levels: $0.1260 Level: This level acts as the first resistance and might prevent further price growth. $0.1300 Level: The second resistance level, breaking which could indicate a trend change. $0.1370 Level: The final resistance level, reaching which could confirm a new upward trend.
by MonoCoinSignal
Is TRXUSDT About to Skyrocket? Potential Bullish Move Ahead!Yello Paradisers! Have you noticed how #TRXUSDT is following the symmetrical triangle trajectory? This indicates a high probability of a bullish move! 💎TRXUSDT has consistently followed this pattern. Currently, a bullish double bottom pattern is forming at the support zone around $0.11050. If the price sustains its momentum, there's a great chance it will make a bullish move above the supply area. 💎Watch for the price to sustain momentum here for a bullish breakout at support $0.11050. If the price fails to hold momentum and breaks below the ascending support, we anticipate a bullish rebound from the lower support level at $0.10759. 💎Should TRXUSDT break below the strong support at $0.10759, it would invalidate the bullish outlook, leading to a significant price drop. If you want to be consistently profitable, you need to be extremely patient and always wait only for the best, highest-probability trading opportunities. Stay focused, patient, and disciplined, Paradisers. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
TRX → be sure! buy it!hello guys... I think TRX will be bullish for these reasons: 1- it made a quasimodo pattern! 2- it is on the flip area! 3- It somehow reacted to the bottom line of the channel! the target will be $0.133 and $0.19. ___________________________ ✓✓✓ always do your research. ❒❒❒ If you have any questions, you can write them in the comments below, and I will answer them. ❤︎ ❤︎ ❤︎And please don't forget to support this idea with your likes and comment
Long
by melikatrader94
4
TRX (TRON): Overbought at ResistanceTrade setup : Price is in an Uptrend. It made Higher Lows (see blue trendline) and broke back above 200-day MA ($0.12) to signal trend reversal to uptrend. It's now approaching $0.145 resistance and getting overbought (RSI > 75), hence, we could see some profit taking in this area. Now we look for the right entry opportunity in Uptrend. We wait for price to either 1) break above $0.145 to signal continuation of uptrend, or 2) pull back near $0.12 support for another swing trade entry in Uptrend with +20% upside potential back to $0.145. Pattern : Price is Overbought at Resistance. This trading strategy finds assets that are overbought (RSI > 70) and are near a resistance area, which means there's a high probability that price will get rejected and pull back near-term. Overbought conditions are typically reached when RSI hits 70 or more. Learn this trading strategy in Lesson 5. Trend : Short-term trend is Strong Up, Medium-term trend is Strong Up and Long-term trend is Strong Up. Momentum is Bullish (MACD Line crossed above MACD Signal Line) ABOVE days ago. Price is Overbought currently, based on RSI-14 levels (RSI > 70). Support and Resistance : Nearest Support Zone is $0.11, then $0.10. Nearest Resistance Zone is $0.145.
Long
by altFINS
Is #TRXUSDT Set for a Bullish Breakout? Don’t Miss This Key MoveYello, Paradisers! Have you been tracking #TRXUSDT lately? It’s showing some strong signals that could lead to a major bullish continuation. Let’s dive into the details! 💎After a careful analysis of #TRON's price action, we’ve observed a promising pattern. For a long time, NASDAQ:TRON has been adhering to a descending trendline. Recently, it has successfully retested this descending resistance, indicating a potential bullish move. If #TRX breaks above the $0.11806 resistance and sustains its momentum, we could see a significant bullish continuation. 💎Due to previous strong bearish pressure, there’s an imbalance in the price. It’s likely that the price might revisit this level to fill the imbalance. If #TRX fails to initiate an upward movement from the retest level, we should look for a bullish rebound from the lower support at $0.11507. However, if the price breaks below the $0.11507 support, this could invalidate the bullish setup and lead to further declines. Stay disciplined and focused on your trading strategy. If you master these principles, you will already be ahead of most traders. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Simon
3
TRX: Resistance BreakoutTrade setup : Trends are mixed but improving. Price has made Higher Lows (see blue trendline) and broke back above 200-day MA ($0.12) to signal trend reversal to uptrend. If it breaks above $0.125 resistance, it could revisit $0.14 next. Pattern : Resistance Breakout . Once a price breaks above a resistance zone, it signals that buyers have absorbed all the supply from sellers at this level and price can resume it's advance. Following a resistance breakout, the next closest resistance zone becomes a price target. Learn to trade key level breakouts in Lesson 7. Trend : Short-term trend is Strong Up, Medium-term trend is Down and Long-term trend is Down. Momentum : Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70). Support and Resistance : Nearest Support Zone is $0.11, then $0.10. Nearest Resistance Zone is $0.125, then $0.14.
Long
by altFINS
Need to check if the rise can continueHello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- (1M chart) It fell near the Fibonacci ratio 1 (0.13571) and touched near 0.10447 and is currently maintaining the price. - (1W chart) The key is which section it deviates from among the support or resistance sections shown on the chart. The current medium- to long-term trend is maintaining an uptrend, but if it falls below 0.10447, it is judged that it is likely to turn into a downtrend. - (1D chart) Therefore, the key is whether the price can be maintained by rising above the sell line of the superTrend indicator. If not, you should check for support near the box section of the HA-Low indicator on the 1D chart. You should check whether the price can be maintained by rising above the Fibonacci ratio of 0.786 (0.11732). The key is whether the price can be formed by maintaining the bottom section near the HA-Low indicator on the 1D chart. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that a full-scale uptrend will begin when it rises above 29K. The section that is expected to be touched in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 13401.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points where resistance is likely to occur in the future. We need to check if these points can be broken upward. We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
TRX Defies Market Trends: Key Levels and Strategic Insights🔍TRX (Tron) is showing unique behavior amidst market volatility. Here's a detailed analysis to guide your trading decisions. 📆Coin of the Day: TRX (Tron) About the Project: TRX is the native cryptocurrency of the Tron network, used for transaction fees on the TRC20 network. It is widely staked, contributing to its relatively stable price movements. 🧩Technical Analysis 4-Hour Timeframe This analysis focuses on shorter-term trends, identifying critical levels and potential scenarios. 📉Support and Resistance: Key Supports: 0.11569 (0.382 Fibonacci level) - recently established support after a breakout. 0.11494 0.11104 Key Resistances: 0.11873 (0.618 Fibonacci level) 0.12740 (major resistance and potential trigger for long positions) 📈Bullish Scenario: Fibonacci Golden Zone: TRX is currently within a major supply zone, which overlaps with the 0.618 Fibonacci level. Breaking above this area could indicate strong bullish momentum. Targets: Key resistance levels to watch are 0.11873, 0.12438, and 0.12740 (trigger for significant long positions). 📉Bearish Scenario: Break Below Key Support: If TRX fails to maintain above 0.11569, it could signal a bearish reversal. Targets: The next support levels are at 0.11494 and 0.11104. 📊Volume and RSI: Volume Analysis: Recent volume spikes suggest increasing interest, which is critical for sustaining upward momentum. RSI Analysis: Current RSI: 61.50, indicating bullish momentum but approaching overbought territory. 💡Key Triggers: For Long Positions: Entry Trigger: Break and hold above 0.11873. Strategy: Open a position on the hold of this level, targeting 0.12438 and 0.12740. Use tight stop-loss orders to manage risk. For Short Positions: Entry Trigger: Break and retest below 0.11569. Strategy: Open a position if the price confirms a break below this level, targeting 0.11494 and 0.11104. Adjust stop-loss orders accordingly. 👨‍💻Trading Positions Long Position Entry Trigger: Hold above 0.11873 with confirmation from RSI and volume. Strategy: Open a position on the hold of this level, targeting 0.12438 and 0.12740. Use tight stop-loss orders to manage risk. Short Position Entry Trigger: Break and retest below 0.11569. Strategy: Open a position if the price confirms a break below this level, targeting 0.11494 and 0.11104. Adjust stop-loss orders accordingly. 📝TRX is demonstrating unique resilience compared to the broader market trends. Traders should closely monitor key levels and volume to determine potential entries and exits. RSI and volume trends will provide additional insights into momentum shifts. 🧠💼Always remember the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Stick to strict capital management principles and use stop-loss orders, ensuring an initial target with a risk-to-reward ratio of 2. 🫶If you found this analysis helpful and want to support me, please boost this analysis. Feel free to leave a comment or suggest a coin you'd like me to analyze next.
by itsparham96
1
TRX ( TRON ) tm:1hHello traders. I hope you doing well. These areas are based on my personal strategy and I will share it with you. Open a sell position on the supply area or open a buy position on the demand area. Your entry point, stop loss, and target point are based on money management and the amount of money in your trading account. But I promise you that by trading in the areas of my trading strategy, you will definitely make a profit, because these areas, although they seem simple, are my experience of 8 years of learning and trading. I hope you will achieve maximum continuous profit with me by using supply and demand areas. Good luck traders. Mohammad Goodarzi
by itsbluemorpho
TRXUSDT.1DAnalyzing the daily chart for TRX/USDT, several key technical indicators and support/resistance levels can help inform trading decisions. Key Resistance and Support Levels: Resistance 1 (R1): $0.14599 - This level currently acts as the immediate resistance. A breakthrough this point could signal bullish continuation. Resistance 2 (R2): $0.18044 - This represents a higher target and previous peak that could act as a significant barrier. Support 1 (S1): $0.09421 - Serving as the nearest support, this level has seen historical price interactions that suggest it might offer substantial buying interest if retested. Support 2 (S2): $0.04774 - A lower support level, indicating a substantial drop from current levels, yet important in the case of a major bearish turnaround. Technical Indicators: Relative Strength Index (RSI): The RSI at 59.87 is moderately high, suggesting that there is still some upward momentum left before reaching overbought conditions (RSI of 70). Moving Average Convergence Divergence (MACD): The MACD line is above the signal line and both are trending upwards, indicating current bullish momentum. However, the proximity of the lines suggests a potential for volatility or a trend change if they start to converge further. Trend Analysis: The chart demonstrates a significant upward trajectory following a recent bullish momentum. The key will be whether TRX/USDT can sustain this momentum and break through the resistance at R1. The overall trend from the lows indicates a strong recovery and potential for further upside if the broader market conditions remain favorable. Conclusion: Given the bullish indicators and the price's recent behavior, TRX/USDT might be positioned for further gains if it can breach the immediate resistance at R1. Traders might consider taking long positions near current levels or on small retracements towards S1, setting a stop-loss below this support to manage risk. Conversely, a fall below S1 might suggest a bearish shift, potentially exposing the next support level at S2 for testing. Continuous monitoring of the RSI and MACD will be crucial, as these will provide early signals for any loss in momentum or potential reversals. As always, external factors such as market sentiment and news should also be taken into account to align with overall crypto market trends.
by MarsSignals
1
TRXUSDT → Realization of bullish pattern + golden cross BINANCE:TRXUSDT is forming the break of the descending wedge structure, which in general activates the realization of the bullish pattern On W1 the price is testing one of the key global levels. Consolidation of the price above 0.1184 will be a confirmation of global bullish intentions. Alitcoin has not yet updated the intermediate and global high, which generally determines the long-term prospects for us. A breakout of 0.12189 range resistance could be a good signal for growth continuation. Support levels: 0.11788, SMA Resistance levels: 0.12189 SMA are forming a cross on H4, which is generally a positive signal. A retest of the range resistance may lead to its breakout and further growth to 0.14500. Regards R. Linda!
Long
by RLinda
5