TRON (TRX) - October 4Hello?
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(TRXUSD 1W Chart) - Mid-Long-Term Perspective
Above the 0.04413840 point: The uptrend is expected to continue.
(1D chart)
First support section: near point 0.08644692 (section 0.08238160-0.09289318)
Second support section: 0.04745992-0.06045559 section.
Resistance section: 0.11243825-0.12543392 section.
Above the 0.09289318 point is the high point, so if the price is maintained above this point, it is expected that there will be a movement to create a new wave.
A short-term Stop Loss is needed if the first support is falling.
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(TRXBTC 1W Chart) - Mid-Long-Term Perspective
Over the 259 Satoshi-318 Satoshi section: Expected to create a new wave.
(1D chart)
First support section: 194 Satoshi-207 Satoshi section.
Second support section: 154 Satoshi-165 Satoshi section.
A short-term Stop Loss is needed if the first support is falling.
If it declines in the second support zone, a Stop Loss is required to preserve profit and loss.
The first resistance section: near the 259 Satoshi point.
Second resistance section: near the 318 Satoshi point.
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We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.
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** 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 the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not yet been released.
(Since it was not disclosed, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.)
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** 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.)
TRON
Crypto Explainer - What is TRON (TRX)?Despite being in the shadows for a while now, TRON is a very interesting project that aims to decentralize entertainment applications. From file sharing all the way to gaming, this is definitely an interesting project.
TRX, the native coin in the TRON blockchain made big jumps lately and is eyeing its previous all-time high.
Will TRON breakthrough and prove to be better than Ethereum?
Cheers, from CryptoTicker
Tron TRXUSD - Huge channel + Elliot Wave- On the chart we can see an incomplete Impulse Elliott Wawe (5th wave).
- Rounding bottom or cup and handle is also printing on the chart.
- Volume is very bullish and also RSI is prepared for another pump!
- Target is 1:1 fib trend-based extension + top of the ascending channel + 5th elliott wave
- For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio ( RRR ) - please check my signature below ↓
- Huge bullish volume is also one of the positive signs!
- If you want to see more of these ideas, hit "Like" & "Follow"!
JST/USD: #JUST is committed to developing #TRON-based DeFi protoJUST price today is $0.061602569005 with a 24-hour trading volume of $31,577,522. JST price is up 1.8% in the last 24 hours. It has a circulating supply of 1.4 Billion JST coins and a total supply of 9.9 Billion. If you are looking to buy or sell JUST, Upbit is currently the most active exchange.
JUST is a smart contract-powered decentralized lending ecosystem on the TRON network. Acting as a decentralized stablecoin system, it has introduced the first decentralized stablecoin, USDJ, on the TRON network. Pegged at 1:1 with USD, USDJ is issued by collateralizing sufficient TRX on JUST, while the other token JST is used for decentralized governance and paying stability fees.
TRX (TRON)Hello Traders,
As I am sure you all know it has been a rather difficult time in the trading community lately with all of the FUD and Manipulation going on. That said I wanted to put out some more detailed ideas for the community as to make it a little easier for everyone to spot a better trade set up and make their day just a little easier.
This trade is for TRX or Tron. Tron is a nice platform and used by many projects, it has a fast transfer speed and is in the top 50 for market cap. An all around decent project compared to most. Here is a link to their website and their page on coin market cap for further information. tron.network coinmarketcap.com
This trade idea is based on a falling wedge pattern. In which the price action has presented a bullish breakout and is currently retesting the top of the trend line of the pattern. I also noticed a bit if bullish divergence on the RSI (Relative Strength Index) at the bottom of this pattern. Which generally indicated the reversal of a trend.
When you are trading you want to look for confluence between multiple indicators and market structure that all tell you the same story before you decide to make a trade as this is important to your profits and risk management always. I hope this trade helps you do that just a little bit easier.
As always, have a green week!
Savvy
TRXUSDT "H1" TriangleAs you can see, the price was fluctuating in a triangle. Now, the triangle broke from above and we had a retest candle on broken trend line which I displayed with an arrow.
Also we have a EMA50 that price could broke that too. Now, we have a resistance in EMA200. STOCHRSI gave us buy signal. We may wait for a pullback and then we can enter a long position. Please check the H4 time frame too with EMA 50 and 200 too. We can hope for a change in the trend (to a upward trend) after the two EMAs 50 and 200 had a bullish cross.
**"Do not base this analysis for your trades. Analysis is purely educational."**
TRON Breaking Out Off Strong Support - Good Potential LongI really like the potential of this long entry as TRON breaks out off of strong support. Reason being is that even if the price reverses after the breakout, good support is there. TRXUSDT has one of the stronger USDT charts out there following BTC's collapse. It could indicate that the bulls are ready to push the price higher. The only caveat that could foil this plan is if BTC continues to sell off so have your SL ready below support just in case.
TRX is on it's supportHello my friends,
Tron is one of pioneer projects in crypto world. It is more potential to take good dominance of market in near future.
In this chart I drove support and resistance lines to show best places to buy and sell. Even I prefer to hold TRX for future.
Please follow me and like the idea if you think it's worth it.
TRON TRXUSDTTRX, as you can see, has been in an uptrend channel, basically the uptrend channels are breaking from the floor. Which is clear here.
TRX can pullback on the break line marked on the chart and correct again.
That is why we have to wait. Because it may return to its uptrend channel. Then this exit from the channel is not considered a failure and there they will say we had a fake breakout.
So we are waiting to see what he does with the break line and pullback! If approved, Goals 1 and 2 could be our target destinations.
First the load signal, then the confirmation signal, then the trade.
Be profitable.
TRX/USD - global. The point is that price has 2 phases (aka Wyckoff theory) : accumulation and distribution.
Previous cycle of phases the prica has passed. So current phase is accumulation.
Using 200MA we can see some similiarities with last phase.
Also Fib circles used for searching possible ressistence.
I am long for Tron.
vs BTC :
🔥 TRX Still In A Bullish Channel: Two PossibilitiesSince the major reversal of crypto late July, TRX has seen a strong uptrend. As of early this morning, TRX has bounced off the lower trend line of the channel. This might be a temporary bounce.
The overall view on the market is quite bearish. Add the turmoil in the stock market to this, and we've got a potentially strong bearish on our hands.
In case of a bearish break out of the channel, I'm targeting $0.775, which is placed at the last significant low. In a bullish scenario, I'm looking at the $0.105 resistance. In case the stock market shrugs this move off, we might see a rebound fairly soon.
Happy trading!
TRON - Overlook ✅TRON has two main supports on the way down: one local for short term and one key support for long term which is the area we've consolidated on for a while.
I said on the way down because TRX also is going through corrections, just like the whole market, and we're not sure when it'll stop since there are strong sell volumes on the market.
Not a good time for opening long positions at all, not safe at all.
Use this chart as your trade setup for now.
Current Market Price: $0.09321
Good Luck
Tell me your ideas. Like and Share
TRX/USD - Path to $0.20 🚀TRON macro view looks bullish as the trend is clearly up (higher lows).
If we count the waves, we seem to have completed all waves apart from the last fifth wave up. Once that is done, we may have a longer cool-off.
Price appears to be around half-way towards the top on this last wave. It's hard to guess the top, but I'd bet anywhere around $0.20 is a good place to secure profit. Some possible resistance levels are on the chart.
I don't exclude another re-test of support which would present a good buy opportunity before the last pump up. Then we need to re-assess the chart.
On weekly timeframe, indicators are bullish but I don't like the lacking volume. Hence, why on daily it does look like tron wants to re-test our support before we push higher again. So best to buy then if you are interested in longing Tron. If this plays through, you can double your entry, not bad.
Like and follow if you liked this idea!