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Tronanalysis

TRX/USDT: AT THE RESISTANCE.Welcome folks to my new update on TRX/USDT. If you are viewing my post for the first time then do hit the like button and graciously follow as well. I share updates on the crypto market including margin trading, futures, spot, and scalping. All ideas are my biased opinion and I invest in my own risk. I don't force anyone to buy or sell, I simply share my ideas absolutely for free and it is your sole decision whether to trade on it or use it to understand the market. TRX is trying hard to break above the resistance level. If TRX manages to break this level then I am expecting an 8%-10% rally. A rejection on the other hand will drop the price back to $0.058 where we can have a good buying zone keeping in mind the invalidation point. In both scenarios, I am gonna accumulate TRX. Let's see where the market leads. What do you think about TRX? Let me know in the comments. Do like, and follow for more updates. Thank you.
by Dexter_The_Trader
Tron SHORT TO $0.03 - $0.02Tron is one of my favorite Altcoins, and I believe it's going through an A-B-C correction. This looks like a zig-zag correction so the zig-zag correction is a 5-3-5 wave correction and I believe it might do the following next: We are now in the 5 wave series of Wave(C) - it's at sub-wave(4). I believe SW(4) will be played in the Sub-wave 4 zone in the diagram 0.045 TO 0.065 and it's going to be a complex wave that's going to be for a few days if not weeks. The interesting fact about this zone is it's the confluence of 78.6% retracement of the BIG wave from 0 to 0.18 and also a 61.8% fib-extension of corrective wave A & B Now coming to it's at sub-wave(5) and to see where it ends. I believe SW(5) will end in the REVERSAL zone 0.025 TO 0.03. The interesting fact about this zone is it's the confluence of 88.6% retracement of the BIG wave from 0 to 0.18 and also a 78.6% fib-extension of corrective wave A & B Please provide your feedback, like and share is appreciated
Short
by JAN360
2
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
TRX-4h. Buyers have lost the trend line. What happens next?The situation on the TRX market is very similar to that of EOS . For the second time, buyers are trying to break the mark of $0.0366 and receive an aggressive response from buyers. The TRX price has been consolidating since September 2020. Active growth during August 2020 sent the price for the correction for six months. The main accumulation zone of long positions is in the range of $0.0265-0.027. The fall in the price of TRX on January 10-11 on large volumes showed that buyers are ready to keep this range . However, the price went beyond the growth trend, which buyers formed from December 23. Buyers are not actively trying to return the price, waiting for the reaction of BTC. Therefore, we cannot call this coin strong. Compared to XLM , TRX buyers are quite weak. However, if the favorable situation in the crypto market continues (bitcoin will either grow or consolidate), the TRX market has every chance to shoot up. The first target is $0.036. Alternative scenario. Breaking and fixing the TRX price mark of $0.0265 will return the TRX price back to the liquid consolidation zone. This fact will reduce the chance of growth in the near future. And increase the chances of continuing a sharp drop in the price of TRX to $0.22: ________________________________ We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements. Subscribe to us and get daily concise analytics!
by P_S_trade