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TRON

$TRX/USDT 2h (Binance Futures) Rising wedge facing resistanceTron has recovered nicely but could be preparing for another leg-down while crypto market is still uncertain. Current Price= 0.08128 Sell Entry = 0.08232 - 0.08664 Take Profit= 0.07193 | 0.06525 | 0.05570 Stop Loss= 0.09456 Risk/Reward= 1:1.25 | 1:1.91 | 1:2.86 Expected Profit= +29.72% | +45.52% | +68.14% Possible Loss= -23.86% Fib. Retracement= 0.382 | 0.618 | 1 Margin Leverage= 2x Estimated Gain-time= 1 week
Short
by TradingOn
2
TRX/UST - Long term 194% setupHello, Traders! The market continues to be under selling pressure. Altcoins are losing value faster than BTC, which is accompanied by an increase in Bitcoin dominance. This situation can be used to buy the interesting altcoins at a significant discount and to hold a position for several months. The price of TRX is testing the upper bound of the $0.0495 - $0.0650 price range, from which the asset was put in the trend in February-March 2021. We may look for buy entry closer to the lower border of this range between the levels of $0.0495 - $0.0550. Stop-loss can be placed below the level of $0.036750. The targets for such purchases will be price levels of $0,093 $0,117 $0,146 Good luck and watch out for the market! P.S. This is an educational analysis that shall not be considered a financial advice
KRAKEN:TRXUSDLong
by UnknownUnicorn10064030
TRON (TRX) 5th wave is coming!Hello Ladies and Lads, hope you are all doing awesome. As it is depicted on the chart, we can see that we are at a potential Time and Price PRZ to see another fall in Tron. The price is hovering under 100 and 200 EMAs at the time that can be a sign of power in sells, and the difficulty for the price to go higher at the moment. If you consider other well-known cryptos in your analysis, you can understand that most of them are at the end of a elongated correction! Based on ElliotWave theory you can sum it up that we are at the peak of the 4th wave which itself lead the price right into the 5th wave. So we can conclude that the 5th wave is coming! Before you want to do any sorts of trades, you need to see some signs that price wants to go toward your predicted way. we do not have it YET! So hold on your fingers on your triggers. more detailed information on Tron: 1- Pattern: This could be 1-2-3-4-5 motive which itself could be part of an bigger A of an ABC. we are at the of 4th wave, and probably at the start of the 5th wave. 2- Time: Time cluster includes the following fibs: Wave 2: ATP. Fib:2.00 Wave 3: IRET FIB 3.618 Wave 2: ERET FIb 4.00 3- Invalidation: all of this will be invalidated if a valid candle close above 0.77353 (d of abcde of the 4th wave) 4- Confirmation: This would be confirmed if a valid candle close lower than 0.65697 This is it. I would be glad if I could hear your thoughts on this. You can ask me any question you have! Thanks for your time, Cheers!
KRAKEN:TRXUSDShort
by HunkIsHere
10
Tron (TRX) formed bullish Shark| for upto 22% moveHi dear friends, hope you are well and welcome to the new update on Tron ( TRX ). Previously we have seen that the price action of TRX is moving in the buying zone of a bullish Gartley in the daily time frame chart. Now at the same time on the daily chart , with BTC pair the price action of Tron has also formed a bullish Shark pattern. After visiting the buying zone it is moved up. But it is possible that it may give us another chance to catch it from the buying zone.
Long
by moon333
2
Tron TRXUSD SHORTS are edging towards ATHClearly the market sentiment is very negative. We are witnessing BTC shorts and Alts Shorts are creeping up so high. This is proven in Alts Market Cap that failed to maintain both levels, the 1D 50EMA and 1D 100EMA. And currently hovering above the 3D 50EMA. And here we are with TRXUSD Shorts nearly at ATH. So yes the market is expecting a dump. BUT, and this is a FULL CAPS BUT, keep in mind this: 1) Market expectation is one thing. Remember, when the market was cheering for 100k few weeks back? What happened next? Market tanked? 2) So yes, we may go down from here. And since we are addressing TRX, TRX may go down along. But always expect a correction. So don't but your farm here, and be realistic and conservative when it comes to targets. We are going down as indicators are showing so. How far down? Follow closely each TA for an exit target. And be extra conservative and cautious. Lastly, DYOR, do your own TA and never fall for cheerleaders or blood hunters. This is not a witch-hunt, this is a market that follows fundamentals and trends.
BITFINEX:TRXUSDSHORTSShort
by eBlockChain
Tron (TRX) - June 8Hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (TRXUSD 1W Chart) If the price holds above the critical support point of 0.04413840, we expect the uptrend to continue. However, if it falls above the 0.07500028 point, it may fall near the 0.04413840 point to rise again, so you need to trade cautiously. Acceleration of the uptrend is expected to begin with a rise above the 0.09289318-0.10168507 section. We expect further gains as we are seeing our first gains over a long sideways phase. (1D chart) It remains to be seen whether the 0.07253780-0.09389276 section can continue sideways. If the 0.07253780-0.09389276 section continues to converse, it is expected to turn into an uptrend. If it goes down, you should check to see if it finds support at the 0.05118284 point. If it falls in the range of 0.04050536-0.05118284, it is expected to take a long time to rise as it enters the long-term investment area, so careful trading is required. ------------------------------------- (TRXBTC 1W Chart) If it fell from the 318 Satoshi point in the month of June 2019, it has been sideways so far. It remains to be seen whether the sidewalk can continue beyond the 165 Satoshi-194 Satoshi section, which is the middle section of the sideways section. An uptrend is expected to begin with the breakout of the 318 Satoshi point. (1D chart) It remains to be seen if the 199 Satoshi-215 Satoshi section can support and rise. If it falls from the 199 Satoshi point, Stop Loss is required to preserve profit and loss. However, careful trading is required as it can touch the 165 satoshi point and rise. A consolidation above the 215 Satoshi point is expected to continue the upward trend. ------------------------------------------ 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 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 a 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