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Tronanalysis

🚩TRX can Go Down By Bearish Pennant Pattern🚩🏃‍♂️ TRX is moving in the 🔴 Heavy Resistance zone($0.150-$0.122) 🔴 and Ascending Channel . 📈Also, TRX has managed to form two Classic Patterns ; the first pattern is the Rising Wedge Pattern , and the second pattern is the Bearish Pennant Pattern . 🔔Currently, TRX has managed to break the bottom line of the Rising Wedge Pattern, and I expect TRX to continue its decline , at least to the lower line of the ascending channel . ❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed. TRON Analyze ( TRXUSDT), 4-hour time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
5
Cryptolean Tron TRX UpdateTron is having a bearish pullback and trading in the daily range zone where we will continue to see a slow and choppy price action. A bullish reversal from the current price location reclaiming $0.132 will result in a slow upward move to $0.138. A confirmation of a break-out of $0.132 will push TRX price towards $0.126. Intraday Chart The TRXUSDT 4-Hour chart is bearish and re-testing $0.132, an intraday resistance. A bearish rejection of $0.132 will result in a bearish dip of Tron price towards the key intraday support zone of $0.128-$0.13which, in turn, could lead to a strong bullish rejection of this support zone. A bullish break-out of $0.132 will push price higher to $0.134. Like once read! Thank you.
by Trade-Lean
TRX to $0.12? Prepare for a Long!TRX continues to march into its current bull channel, pressing on for higher prices. The price just touched the channel resistance and is pulling back, but to what price? We have the previous high in the channel at $0.095 then the 30EMA and bull channel support around $0.09. How do we trade this? We're in a bull channel, which means our probability of profit is higher if we long. If you longed at the channel support every time the price made contact, you would make money. Let the trend do the talking and follow it. We should be looking for entries near two key support levels: the 30EMA and bull channel support, which is around $0.09. Do we simply long when that price is hit? Absolutely not. Wait for a strong bull signal bar closing on or near its high at those levels, confirming that the support is still being respected. Once you see that bounce, it's reasonable to enter a long, place a protective stop just below the channel support, and set your take profit somewhere in the top 20% of the channel as shown in my analysis. This gives you a 1:3 Risk/Reward ratio, meaning you could run this trade 10 times, hit your take profit 30% of the time, and still be profitable. Bitcoin is also at risk of pulling back since it's near Weekly resistance; see my recent analysis for reference. TRX RSI is also around 70.00 which is a weak indicator on its own, but supports the previous data points mentioned here. Key Points 1. Bull Channel. Look for Long Entries. 2. Channel Resistance Touched. Pullback in Progress. 3. Bitcoin Leading Indicator, Risk of Pullback. 4. RSI near 70.00, Plenty of Room to Fall. 5. Look for Bull Signal at Weekly 30EMA. You are solely responsible for your trades, trade at your own risk! Let us know what you think in the comment section below!
BINANCE:TRXUSDLong
by TraderEngineering
You can't Ignore Tron's Bullish Move Ahead, TRX/USDT AnalysisParadisers, 💎 TRX is currently moving in a positive direction, shaping an ascending channel. It looks like it might follow the Elliot Wave pattern from 1-5. 💎 Right now, TRX is in a high-demand area, suggesting a continued upward trend. 💎 Just a heads up: it's a good idea to keep an eye on the lower low area. If the price goes below this, it could indicate a change in the bullish momentum. 💎 As always in the fast-paced world of crypto, being informed and ready to adapt is crucial. Stay tuned for more updates and enjoy your time trading with #MyCryptoParadise!
Long
by MyCryptoParadise_Nathan
2
#Tron is Bullish but Pinned Below $0.0675 After Dropping 8%Past Performance of Tron Tron prices remain in a consolidation, looking at the performance in the daily chart. Overly, buyers of Q1 2023 appear to be in charge. Still, the failure of buyers to convincingly break above the recent resistance levels questions the strength of the uptrend. For now, critical reaction levels remain to be $0.0675 and $0.0645. #Tron Technical Analysis TRX is bound in a tight consolidation zone with clear resistance and support levels. Buyers of Q1 2023, as mentioned earlier, remain in control. The rejection of lower prices in recent trading sessions is a huge positive for the coin. However, for buyers to be aligned with the primary trend from mid-March, there must be a high-volume break above $0.0675 to confirm buyers of mid-March 2023. TRX may float to $0.073, or February 2023 highs in that case. What to Expect from #TRX? TRX rose nearly 45% in Q1 2023 but is down 8% from peaks, supporting the preview that buyers are in control. Still, there must be a clear breakout from the current consolidation. If not, deeper corrections below the last week's lows may see TRX crash to $0.055. Resistance level to watch out for: $0.0675 Support level to watch out for: $0.0645 Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
TRXUSDT - Optimal option for position with PWH. LFT Confirm ⏺Short Entry Zone: 0.06719 TP1: 0.06375 TP2: 0.06195 TP3: 0.06020 _______________ ⏺Trend-Line: 0.06850 ⏺STOP LOSS: 0.06878 🫥After reaching the first target you can put the rest of the position to breakeven ❄️The optimal option for opening a position with PWH near the accumulation of liquidity. I am waiting for a consolidation in this range, so that I can get the SWIP collection of liquidity. Also, the best confirmation for this position at its opening will be the breaking of the structure on the LFT
Short
by JaegerB
1
TRON (CRYPTO): ...is possible a "X2" (+100%) in medium term?Hi everyone! The answer is very simple: YES!!! That said, Tron has shown some major consolidation over the past few months, but at the same time, it has kept the main trend sideways. If we look at the daily chart, the trend of last few weeks still keeps this crypto under pressure, but at the same time, we think it might be interesting to use an accumulation strategy, so let's say we'll do something like "buy the dip" in short and medium term. Our first target we showed on chart and if our analysis is correct, Tron could do something very similar to +100%.... If this idea will be supported by your "Likes" we will continue to follow the crypto with updates below. Please... trade with care! 💖
KRAKEN:TRXUSDLong
by TheAnonymousBanker
1
#Tron Bounces 12% from November Lows, TRX in a Bear FlagPast Performance of Tron Tron prices are within a classic bear flag, adding 12 percent in a possible dead cat bounce. Overall, the TRX price formation is anchored by bears of early November since bulls are yet to reverse all losses. Traders can look to unload on every pullback higher but below $0.057. #Tron Technical Analysis TRX bulls appear to be in control, printing higher highs relative to the lower BB. Notably, prices are inside a rising channel. Even with this, TRX prices are higher, lifted by relatively low trading volumes, as the past six weeks of trading activity reveal. Therefore, if TRX is below $0.057 and inside the bear range set between November 8 and 14, the probability of the coin dropping further is high. Conservative traders can wait for a clear trend to form. Any gain above $0.057 may see TRX rise to $0.064 and November high is a welcomed bounce. Conversely, losses below $0.052 and December 20, below the lower trend line of the rising channel, will cancel this bullish outlook. What to Expect of #TRX? Buyers are upbeat, but prices are inside a bear flag. The leg up also has lower trading volumes, meaning sellers are still in control. Any break below the rising channel, allowing prices to sync with losses of December 20, could see TRX sell-off stiffly. Resistance level to watch out for: $0.057 Support level to watch out for: $0.052 Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
Tron TRX price at the start of a strong trend moveTRXUSDT price has been demonstrating one of the longest consolidations since April 2021, 20 months. You understand that in consolidation: those who believe in growth are always buying at different levels, and those who believe in depreciation TRX are actively selling their portfolio. So when the TRXUSD price breaks out of this consolidation, there will be a strong and prolonged price movement in one direction. The ambitious goals of longs are growth to $0.09, and if they are lucky, to $0.13 Benchmarks for shorts - falling to $0.035, and if lucky, to $0.0175 Which scenario Tron price move is closer to your heart? Whose side are you on? _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
46
#Tron Inside a Bear Flag after Dropping 62% in 12 MonthsPast Performance of Tron The bears have been unforgiving in the last trading year. From the daily chart, TRX dropped 62 percent from November 2022 peaks to spot rates. Although Tron's utility is unquestionable, TRX prices are in range and bearish as buyers cannot reverse recent losses. Primary support is at around $0.450, while resistance is at $0.524, marking the peaks of the current consolidation. #Tron Technical Analysis Tron is bearish, and prices inside a bearish engulfing bar and a bear flag, looking at the formation in the daily chart. At spot rates, TRX is also at around 2022 lows with chances of more losses if bulls fail to steady prices. Per the arrangement in the daily chart, traders can unload on every attempt higher toward $0.524, targeting $0.45 in a bear breakout continuation formation below the current bear flag. Even though there are higher highs relative to the lower BB that may offer a reprieve for buyers, volumes are low, and the $0.524 resistance level remains firm, capping upsides. Therefore, this formation ticks to favor sellers who expect more losses in a breakout and from an effort versus result perspective. What to Expect from #TRX? Tron's fundamentals are solid. However, TRX is bearish and inside a bear flag with resistance at $0.524. Technically, unless there are gains above this week's highs, sellers will remain in charge with elevated odds of TRX crashing below June 2021 lows. Resistance level to watch out for: $0.524 Support level to watch out for: $0.45 Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
#Tron Upsides Limited, TRX in Range above $0.060 SupportPast Performance of Tron TRX prices might be bullish, as it is, but there is little to write home about at spot rates. Amid a market-wide recovery, especially in the top-10 coins, Tron is steady and still limited to the upsides with recent ranges. TRX is up two percent in the last 24 hours, but the only positive is that prices are within the bullish bar of October 14. #Tron Technical Analysis Tron is bullish from volume analysis. This is a net positive for aggressive traders believing the coin is undervalued at spot rates. However, there has been no sharp price gain above $0.065, confirming gains of October 14. This forecast is especially true if TRX is above last week's lows at $0.060. As long as prices are above this support line, traders can buy on dips, targeting $0.065 with expectations of trend continuation. In that case, TRX, if buyers are in control, may soar to August highs at $0.072. What to Expect from #TRX? Buyers are in control, but there must be strong confirmations above immediate resistance lines for this forecast to be valid. The $0.060 support is crucial and validates the gains of October 14 that define the current price action. Resistance level to watch out for: $0.065 Support level to watch out for: $0.060 Disclaimer: Opinions expressed are not investment advice. Do your research.
by Bitcoin_Analyzer
#Tron Primed for More Upsides, TRX Resistance at $0.065Past Performance of Tron Tron is firm at press time, and there could be more upsides, reading from the candlestick arrangement in the daily chart. Even though TRX prices are lower in the past 24 hours, they are within the October 14 bull bar and trending above September 2022 lows at $0.059. As it is, buyers have the upper hand. There are higher odds of the coin surging above $0.065 in a buy trend continuation formation. #Tron Technical Analysis TRX prices are consolidating inside a bull bar, placing buyers at the upper hand from volume analysis. Still, conservative traders may want to wait for a clean close above $0.065, with rising volumes confirming the demand of October 14. Risk-on traders may load the dips, in that case, targeting H2 2022 highs at $0.072. If not, any drop below last week's lows may negatively impact traders, forcing the coin back to Q3 2022 lows. What to Expect from #TRX? The crypto market might recover, and TRX may ride the wave, lifting the coin from around 2022 lows. A signal pointing to recovering markets is when Tron pierces above September highs with expanding volumes, confirming the end of last week's gains. Resistance level to watch out for: $0.065 Support level to watch out for: $0.060 Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer
TRXUSDT 3d Two TRX price motion scenario by the end of 2022TRXUSDT is probably one of the most indifferent or anarchic trade couples. It took 2 months since the publication of our previous idea, and nothing has changed on the schedule. The price of TRXUSD did not respond to either the growth or the fall of BTCUSDT price and the crypto market of all, but simply moves steadily to the right. So today we will only refresh the conditions from the previous idea. 1. Currently, the TRX price is traded above $0.06, respectively, the assumption of accumulation of a large position in force. The first possible growth stage is possible up to $0.09. In the event of a crypto market into a growth trend, the Tron price can continue the growth of the blue scenario to $0.17. 2. In the event of a sharp drainage of cryptocurrencies, you can put limit orders for purchase in the liquidity area of ​​$0.047-0.052. If from this liquid zone the price does not sharply up, but will try to fix below it, then the TRX will have to come out, because the chance to collapse more down will be very large. _______________________________ Since 2016 , we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
by P_S_trade
21
#Tron Expands, Support at $0.061 and TRX in a Bear BreakoutPast Performance of Tron TRX prices are moving horizontally, bearish at spot rates but firm against the strong wave of selling pressure. Sellers remain in charge but for trend continuation below $0.061, there must be a high volume, wide-ranging bear breakout for confirmation. Before then, depending on the breakout direction in the current formation, sellers are in the lead, and risk-off traders may search to unpack on every attempt higher towards the August 26 highs. #Tron Technical Analysis TRX is within a bear breakout pattern, and sellers are in the driving seat despite the recent sideways movement. The rejection of lower lows and rejuvenation of buyers in the days ahead, pushing prices above $0.065, could ignite demand, qualifying the August 26 bar as climactic. However, before then, sellers may unload on every pullback towards this reaction line, targeting $0.053 in the medium term expecting a drop below last week's lows in a bear trend continuation pattern. Their confidence is in the fact that the wave down is with high participation. Besides, prices are banding along the lower BB suggesting strong bear momentum. What to Expect from #TRX? TRX is under pressure and is down roughly 13 percent from August 2022 highs. In the days ahead, there must be a strong surge above $0.065 for buyers to take charge. If not, any drop below last week's critical support levels may force TRX lower in subsequent sessions. Resistance level to watch out for: $0.065 Support level to watch out for: $0.061 Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
#Tron Stabilize as TRX Bulls Expect to Retest $0.076Past Performance of Tron Tron prices are stable at spot rates, reading from the performance in the daily chart. Even though the uptrend is labored, TRX buyers are still in control from an effort versus result perspective. As such, Tron prices may still edge higher in a bull continuation pattern. The upthrust would be in confirmation of the June 15 bull bar and may see TRX race towards June 13 highs of $0.076. #Tron Technical Analysis TRX buyers are still in control, and the recovery is on course. From the daily chart, the gains of June 15 are yet to be fully confirmed in a move that may see TRX reverse the losses of June 13 and 14. The two bearish bars still define the short and medium-term trends of TRX, and buyers must reverse those losses for a clear trajectory to emerge. Therefore, with the upside momentum still strong and market conditions shifting, TRX traders may find entries above $0.062 with immediate targets at June 13 highs of $0.076. Further gains may see TRX race towards May 2022 highs of $0.090. What to Expect from #TRX? Traders are upbeat. Tron will have more headroom in the medium term if the losses of June 13 and 14 are fully reversed. However, TRX will be in a bullish course only if prices are above $0.062. Resistance level to watch out for: $0.070 Support level to watch out for: $0.062 Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer
#Tron soaks Selling Pressure as TRX holds above $0.07Past Performance of TRX As per the candlestick arrangement in the daily chart, sellers are dominant. TRX is at break even versus the USDT in the last trading week. However, bulls are resilient, soaking the deluge of selling pressure of early this week. Presently, buyers stand a chance if they keep prices above $0.07 with more headroom if there is a snapback to trend above last week's highs of around $0.09. #Tron Technical Analysis Tron hasn't been spared the sell-off of the first half of the week. Although prices are relatively stable and TRX is under significant liquidation pressure in the immediate term, the Doji bar of May 11 is a ray of hope. The immediate support is $0.07, flashing with May 1 and April 21 highs. A close below this mark could portend doom, a sell-off that may take TRX to $0.05, confirming sellers of May 9. Conversely, a lift-off above $0.09, unwinding losses of May 9, and breaking above the consolidation of late last week, could draw more buyers, pushing TRX towards $0.12. What to Expect from #TRX? Sellers are still in control despite rejecting lower lows on May 11. Nonetheless, the May 9 wide-ranging bear candlestick is trend-defining. A close below $0.07 is enough confirmation of sellers angling April 2022 lows. Resistance level to watch out for: $0.09 Support level to watch out for: $0.07 Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
3
Confidence growth of the Tron in a falling marketTwo weeks ago, we were doing a global idea for a couple of TRXUSDT During this time, the condition was met that buyers did not allow the Tron price to fall below $0.06, which showed their strength. But even greater enthusiasm has been shown in recent days, when the whole crypto market is falling and the price of TRXUSD is rising. A positive signal can be considered the fact that growth is booming at higher volumes, interest in the coin is impressive. The critical level near which will be the struggle between buyers and sellers is in area $1. Fixing the price of TRXUSDT above the black trend line will pave the way for growth on the white route. We also traditionally offer you a medium-term trade: Entry: $0,085 Stop: $0,798 TP-1: $0,112 TP-2: $0,134 _______________________________ Since 2016 , we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
by P_S_trade
20
#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