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Tronprice

#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
#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 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
#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