Tronanalysis
TRON / DOLLAR (TRXUSD) DailyDates in the future with the highest probability for price direction reversals
There is a trading opportunity to buy in TRXUSDTechnical analysis:
. Tron/US Dollar is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 47.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.0155 to 0.0123). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.0155)
Ending of entry zone (0.0123)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons :
Take Profits:
TP1= @ 0.0180
TP2= @ 0.0220
TP3= @ 0.0275
TP4= @ 0.0322
TP5= @ 0.0400
TP6= @ 0.0452
TP7= @ 0.0557
TP8= @ 0.0663
TP9= @ 0.0813
TP10= @ 0.10041
TP11= Free
There is a trading opportunity to buy in TRXUSDTechnical analysis:
. Tron/US Dollar is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 47.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.0155 to 0.0123). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.0155)
Ending of entry zone (0.0123)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons :
Take Profits:
TP1= @ 0.0180
TP2= @ 0.0220
TP3= @ 0.0275
TP4= @ 0.0322
TP5= @ 0.0400
TP6= @ 0.0452
TP7= @ 0.0557
TP8= @ 0.0663
TP9= @ 0.0813
TP10= @ 0.10041
TP11= Free
Tron extend bearish leg from October’s high $0.0230The renewed sell-off on Monday put Tron among the worst-hit coins. The digital asset extended the bearish move below the 50-day and 100-day SMAs on the 4-hour chart. The retracement is part of a three-week retraction from the October high at $0.0230.
The 4-hour RSI entered again in the oversold area and right now the price is testing 50% Fibo retracement on the rally from 0.01174 (yearly low) to $0.0230 (the Oct. high) at 0.01737. The price action here will be decisive for the next direction of Tron.
If the price couldn't broke this area, the selling pressure will increase and the pair can test the bearish channel support line. In the event of a clear break there, TRX is in danger of further dropping for retesting $0.01174.
If Tron break above the 50% Fibo we could see some decent upside potential here. On upside the first resistance is the 0.0190/2020 area where are located H4 100-day SMA and 23.6% Fibo level. Next is the key high $0.0230.
In which direction you think that the price will go?
New PoS Plan Keeps TRON Green regardless of Loss MarketAccording to the reports, DApps of TRON has accomplished the all out number of 563 and TRX of around $5.2 billion is shut in the staking. The normal return of 13.2% and clients are getting $700 yearly for staking on TRON. The principle of the TRON is get register on the Coinbase's American variant or on Binance.
Tron presents the Sun Network on eleventh August 2019. They began this as a one next to the other scaling arrangement made for giving the relentless scaling power for the system. This one next to the other scaling arrangement is presently getting another update. With the new update, this will permit DApps to work with increasingly effective, security and to devour less vitality.
News Source: TheCoinRepublic
Tron analysis: 4 Hour Timeframe Bullish Chart PatternsConclusion for today’s Tron Price Analysis: Price closing above 0.030536 implies more bullish upside in Tron (TRX).
Tron analysis for today is carried out on a 4 hour timeframe candlestick chart using a log scale. The bottoming price action from August 14, 2018 to current date is the main focus of study and/or examination in order to provide guidance for future price development.
Chart patterns identified in Tron are the head and shoulders (or complex, inverted head and shoulders) bottom pattern and a descending triangle. The former (ideally bullish) formed between October 11, 2018 and May 15, 2019 when price closed above the neckline of the pattern at ~0.030536.
The latter (ideally bearish) was established from January 10, 2019 to May 15, 2019 when price broke out above the upper boundary of the pattern as opposed to the conventional expectation of a lower close and confirmation as a result of price closing below the triangle.
The descending triangle in this case provided non-confirmation and therefore be used to further argue for a bullish bias in Tron (TRXUSD).
The minimum estimate for the bullish move expected in Tron can be obtained by measuring the vertical distance between the head and the neckline of the pattern and projecting it onto the breakout price level at 0.030536.
TRON is doing GREATHello to everyone and I am so delighted to talk about TRON (TRX) today as it surprised its community in an incredible way.
The price of TRX is holding gain of around 25 percent in the session on Friday. No doubt, TRX is zmazing out-performer for TRX in comparison to several of its peers.
It is recorded that daily transactions breaching over 2 million in a day, over 100 million TRX transactions recorded and 900,000 mainnet accounts registered now on the Tron network.
TRX/USD price burst through resistance (supply) zone, which was seen at a previous area of demand. Tracking from $0.01600-0.01800, a fresh wave of buyers pilled in as this zone was firmly breached. So actually TRX/USD has jumped over 80 percent in the past six days of trading. Very hoping on keeping this "green" position and strongly believe it will make it to $0,03
THANK YOU FOR THE CHRISTMAS PRESENT, TRON!
Clear Channel DownTron is on a clear 1D Channel Down (RSI = 40.265) with oversold momentum (STOCH, STOCHRSI, Williams) but on an slow pace (MACD = -0.003, Highs/Lows = -0.0041, BBP = -0.0088), meaning that after hitting the 0.064052 Resistance it is consolidating before the next leg down. This consolidation will soon be evident on 4H as we estimate 4 indicators will turn neutral. The 0.064052 and 0.066697 Resistances are excellent sell entries, with our TP located at the 0.046047 support.
