Tronix
TRX Tron Double Top Chart PatternTRX Tron has formed one of the most obvious and bearish chart pattern out there: the Double Top.
The double top chart pattern is a bearish reversal pattern that is commonly observed in technical analysis of financial markets. This pattern typically forms after an extended uptrend, indicating that the market may be losing momentum and could potentially reverse its direction.
The pattern is characterized by two distinct peaks that are formed at approximately the same price level, separated by a period of consolidation or retracement in between. The two peaks are often referred to as the "left shoulder" and the "right shoulder," while the period of consolidation in between is referred to as the "neckline."
Once the second peak is formed and the price breaks below the neckline, it is considered a confirmation of the double top pattern. This break below the neckline indicates that the buyers are no longer able to push the price higher, and the sellers may have regained control of the market.
The Price Target of this pattern for TRX Tron on this particular pattern is $0.054!
Looking forward to read your opinion about it!
The price of Tron will reach 0.072.Hello.
According to the analysis, the Tron currency will fall in the resistance point "Re 1" and then with the price falling on one of the support points "Su 1" or "Su 2" its price will return to the point " Re 1 "arrives.
So according to the analysis we have to keep our price up to 0.072 Tron and then sell it so that the Tron currency reaches one of the support points.
First resistance point: Re 1
First support point: Su 1
Second support point: Su2
Thank you very much for your valuable time.
TRON Weekly View 3/6/22TRXUSD Can be seen to have moved above the 50MA in a bullish fashion on this Weekly timeframe
Prior this support for the bulls was found at the 100MA
A breakout to upside may follow
Is TRX a good investment ahead of the USDD's debut?On Thursday, the price of TRX skyrocketed when Justin Sun announced plans for a new stablecoin. TRX hit a high of $0.074, the highest since April 4th. However, following Jerome Powell’s hawkish remarks, these gains were short-lived.
Bullish Scenario: TRX may retrace back to $0.06 support levels. If TRX manages to break over the resistance level at $0.074 after retracements, it will be mildly bullish. With sufficient buying activity, breaking above the $0.08 price barrier will lead to a rise towards $0.10 and higher.
Bearish Scenario: TRX has been in a decline for several months, thus we don’t have a strong bullish bias for the medium term. If the support level of $0.06 does not hold, the price will sooner or later fall below $0.05, $0.03, and much lower.
TRX - TRONIX - TRON network on the move higherTronix, also known as TRX, is the native cryptocurrency of Tron: a blockchain-based platform with two main functions. First, it serves as a global online content sharing platform, and secondly, it allows developers to create their own autonomous applications that operate without the need for intermediaries (* information from CoinDesk).
This asset hit .1805 back in April 2021 and looks to be headed to much higher ground.
Having broken north of the wedge pattern holding it down for several weeks, the price of TRX has climbed steadily.
Resistance at .0714 looks a likely target.
2 days ago the 50 EMA crossed the 200 EMA which is known as a Golden Cross and this is a very BULLISH sign.
With plenty of support below the currenct price with the 50 EMA and 200 EMA, this asset looks a banker LONG trade.
TRON - TRX - Double bottom - Position - Long-termA double bottom is formed following a single rounding bottom pattern which can also be the first sign of a potential reversal. Rounding bottom patterns will typically occur at the end of an extended bearish trend. The double bottom formation constructed from two consecutive rounding bottoms can also infer that investors are following the security to capitalize on its last push lower toward a support level. A double bottom will typically indicate a bullish reversal which provides an opportunity for investors to obtain profits from a bullish rally. After a double bottom, common trading strategies include long positions that will profit from a rising security price.
$TRON $TRX
Crypto Explainer - What is TRON (TRX)?Despite being in the shadows for a while now, TRON is a very interesting project that aims to decentralize entertainment applications. From file sharing all the way to gaming, this is definitely an interesting project.
TRX, the native coin in the TRON blockchain made big jumps lately and is eyeing its previous all-time high.
Will TRON breakthrough and prove to be better than Ethereum?
Cheers, from CryptoTicker
TRON Price Range Targets for Early 2022An idea for TRON
Top channel band suggests $16 which is a massive increase from the current 0.05
Middle channel band suggests $2 which is also a huge increase
Both of these scenarios make sense, the top band was where price hit in 2017
Time will tell if it repeats
I have used a sort of 'quasi' channel to identify these ranges
Also some funky trend lines included to support this channel idea !
$TRX: Road to Redemption or Plot to Steal All My Money?If you all knew how much money I've lost on reckless TRX moves over the years you would be ashamed. But like any good Mongoose I just don't learn my lesson until I bite the head completely off of the snake. If this thing takes off there is plenty of room for profits. Let's give it a go shall we? Oh and if you're reading this Justin Sun, you suck.
Warnings: If BTC continues on a tear TRX is almost aways guaranteed to plummet. So if we see another bull run we could see 75 sat and lower range. Also, this coin is cursed so good luck.