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TRON

🔥 TRX Bullish Channel Break Out?A couple of days ago I made an analysis on TRX. In this analysis I argued that it was likely for TRX to reverse before taking another shot at $0.12. The reversal did indeed occur, but was stronger than anticipated. in the end, the $0.10 support held and TRX is currently trading around $0.12. Either of two things can happen now. The bullish scenario would be for TRX will copy Bitcoin's bullishness and break out of the current bullish channel. In the bearish scenario I'm looking at a reversal towards the support area between $0.107 - $0.10, which will function as a spring and launch TRX back to $0.12 and ultimately $0.15. Happy trading!
Long
by FieryTrading
4
TRX 12h How much more to grow The last time we did a global idea for TRXUSDT was in May of this year, less than two weeks before crypto prices started to collapse (ohhh, then we read a lot of hate .... "what are you writing, this growth can't be stopped, etc." but :) Since then, the price of TRXUSD has managed to fall by -65%: The TRXUSD price has been rising almost uncorrected for the past two months and has almost worked off all of its losses. The TRXUSDT price has been trading in a 20% corridor of $0.10-0.12 for the last few days and most likely, buyers are preparing for another upward momentum. To confirm their strength, buyers should at least keep the TRX price upper $0.10 for the next few days and at most hold above $0.12. We assume that the growth retardation can start in the range of $0.13-0.144 , in this zone fully compensates for the May fall. Deceleration in this area may be provoked by the fact that traders, who had been in a drawdown for 5 months, will want to fix position at break-even and forget about this negative experience. If the area of $0.130-0.144 will not have critically large trading volumes, it will be a signal that the sell-off time has not come yet , and the growth itself may continue at low volumes, as it has been doing for the last months. Targets for a move higher are shown on the chart — $0.155 and $0.169 _____________________ Do you like the idea fulfilment? Does it help you trade and make a profit? Do you want more forecasts from us? Give us motivation! (Like, comment and donate). These little things won't make us rich, but they will warm the trader's soul while writing the next idea!
by P_S_trade
48
TROX idea after good earnings- disclaimer: amateur swing traderTROX seems to be bouncing off the 200MA. Just came off good earnings and an increased dividend. Seems to have strong fundamentals. Targets set for previous high, and 127 and 168 fib extension levels (which are also previous levels of resistance). Target 3 = 30.50 RR: 1.66 Target 2 = 27.30 RR: 2.37 Target 1 = 24.51 RR: 3.13 Close below $15 and I'd get out. Let me know your thoughts on this analysis as I'm still learning and appreciate the feedback.
NYSE:TROX
by RyanKasper
Tron (TRX) - September 8Hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Like". Have a nice day. ------------------------------------- (TRXUSD 1W Chart) If the price holds above the 0.03074453-0.04413840 range, it is expected that the uptrend will continue. (1D chart) We will have to wait and see if we can find support at the 0.08238160-0.08644692 zone and move towards the 0.09289318-0.10168507 zone. If it falls from the 0.07500028 point, you can touch near the 0.05792308 point, so you need to be careful with your trades. If the price holds above the 0.08644692 point, I expect it to move towards the 0.11243825-0.12543392 range and re-determine the trend. ------------------------------------- (TRXBTC 1W Chart) You'll have to climb above 259 Satoshi and see if you can get out of the bottom section. In particular, if it rises in the 259 Satoshi-318 Satoshi section, it is expected to create a new wave. (1D chart) It is necessary to check whether there is any movement that deviates from the 154 Satoshi-207 Satoshi section. If it falls from the 154 satoshi point, it can touch the 92 satoshi-114 satoshi section, so careful trading is required. If the price holds above the 207 Satoshi point, we expect resistance in the 259 Satoshi-318 Satoshi section. ------------------------------------------ We recommend that you trade with your average unit price. This is because, if the price is below your average unit price, whether the price trend 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. ------------------------------------------------------------ ----------------------------------------------------- ** 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 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 the formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.) ** See support, resistance, and abbreviation points. ** 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. Explanation of abbreviations displayed in the chart R: A point or section of resistance that requires a response to preserve profits. S-L: Stop Loss point or section S: A point or section where you can buy to make a profit as a support point or section. (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.) GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day. G1 : Closing price when closed G2: Opening price (Example) Gap (G1-G2)
BINANCE:TRXUSD
by readCrypto
2
Tron TRXUSD - Massive channel! + Elliott 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"!
KRAKEN:TRXUSDLong
by UnknownUnicorn2537518
3