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Tronusd

$0.268: Tron TRX Last Stand?Tron is currently trading below the resistance at $0.297, the area characterised by slow and choppy price action. 1. A bounce from the nearby support level at $0.268 could suggest renewed buying interest, setting the stage for a potential move toward $0.297 (Dashed Green Projection). 2. A break and close above this level would indicate bullish strength, opening the path toward the next resistance at $0.339, followed by $0.377, providing room for a broader recovery (Solid Green Projection). 3. Conversely, if TRX fails to hold $0.268, it would indicate increasing bearish momentum, likely triggering a decline toward the key support zone at $0.226 (Red Projection).
by Trade-Lean
Tron (TRX) Climbs to New Highs - What's Behind the Recent Rally?Exploring the Surge: Tron (TRX) Climbs to New Highs - What's Behind the Recent Rally? Tron (TRX) Soars to New Heights: A Deep Dive into the Recent Rally Tron (TRX), a decentralized platform that aims to build a worldwide free content entertainment system with the blockchain and distributed storage technology, has recently experienced a significant surge in price. This rally has caught the attention of seasoned investors and cryptocurrency market newcomers. The 100% Rally and Beyond In a remarkable display of bullish momentum, Tron's price surged over 100% within a 24-hour period, propelling it to a new all-time high (ATH). This extraordinary growth ignited a wave of excitement and optimism among crypto enthusiasts. The question on everyone's lips: Could Tron be poised to reach the $0.5 mark? Technical Analysis: A Bullish Outlook To gain a deeper understanding of Tron's recent price action, let's delve into a technical analysis of its one-hour chart. • Reclaiming the 20 MA: One of the key indicators of renewed buyer interest is the ability of a cryptocurrency to reclaim its 20-day Moving Average (MA). When Tron successfully recaptured this crucial support level, it signaled a potential shift in market sentiment from bearish to bullish. • Bullish Momentum: The upward trajectory of Tron's price, coupled with increasing trading volume, suggests strong underlying bullish momentum. This momentum can often drive prices higher, especially when supported by positive market sentiment and fundamental factors. • Potential Resistance Levels: While Tron's recent rally has been impressive, it may encounter resistance at certain price levels. Identifying these potential resistance zones can help investors gauge the extent of the upcoming price movement. Fundamental Factors Driving Tron's Rally In addition to technical indicators, several fundamental factors have contributed to Tron's recent surge: • Growing Ecosystem: Tron's ecosystem has been expanding rapidly, attracting a diverse range of projects and applications. This increased adoption and utility have positively impacted the demand for TRX tokens. • Strategic Partnerships: Tron has forged strategic partnerships with various organizations, including BitTorrent, a popular file-sharing platform. These collaborations have strengthened Tron's position in the blockchain industry and boosted its visibility. • Positive Market Sentiment: The overall bullish sentiment in the cryptocurrency market has also played a role in Tron's price appreciation. As investors become more optimistic about the future of digital assets, they are allocating more capital to promising projects like Tron. The Road Ahead for Tron While Tron's recent performance has been undeniably impressive, it's important to approach any investment with caution and conduct thorough research. The cryptocurrency market is highly volatile, and prices can fluctuate rapidly. As investors look ahead, they should monitor key factors such as: • Market Sentiment: The overall sentiment in the cryptocurrency market can significantly impact Tron's price. • Regulatory Developments: Changes in regulations can have a profound effect on the cryptocurrency industry, including Tron. • Technological Advancements: Continued innovation and advancements in blockchain technology can drive Tron's growth and adoption. In conclusion, Tron's recent 100% rally and reclamation of the 20 MA on the one-hour chart have ignited a wave of optimism among investors. However, it's crucial to approach this bullish momentum with a balanced perspective and consider the potential rewards and risks of investing in cryptocurrencies. Investors can make informed decisions about their Tron investments by staying informed and conducting thorough research.
BINANCE:TRXUSDLong
by bryandowningqln
Tron TRX price get ready to...Do you want a stable growth of your crypto deposit? Then pay attention to CRYPTOCAP:TRX Despite the ambiguous reputation of Justin Sun, he has been on the crypto market for a very long time and the OKX:TRXUSDT chart shows that he loves his creation and supports its reputational price. Therefore, we will not be surprised if the price of #TRON is one of the first of the old coins to update ATH in the near future, at least to $0.183, and ideally by $0.26. By the way, our previous idea OKX:TRXUSDT gave us +40% 👇 _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
1
TRX/USD Major trend. Channel. 17 11 2023Time frame 1 month. The ascending channel. A large triangle is forming in it with a base of about +550% (classic target workout from resistance breakdown). Secondary trend. Time frame is the same as 1 month. Triangle zone. Since the time frame is maximum 1 month, I set the maximum possible targets for the asset. Extremely strong resistance of the cryptocurrency, which from ICO +5500% (despite the conditional redistribution earlier several times) is a meridian channel (highlighted with a dotted line). I emphasize it. To earn consistently, you need to set adequate goals for most of the position. You can keep a small part of the whole position (not necessarily), for maximum "probability zone targets" (percentages are shown for clarity). After all, you can afford it since you will be in profit from the main position. When does the pump on large capitalization cryptocurrencies happen? Pumped when "the hamster is not scared", that is, at the very peak of market marketing. Although it is worth noting that pumped coins with large capitalization very rarely reach the so-called "probability" zones, and if it happens, then for a very short period of time. Pumps come (liquidity, large capitalization, HYIP) often on the last 5 waves of bitcoin pump (overflow of large capital money) in the distribution phase or on the pullback after it. TRX can be pumped under government events like BNB in 2020 ? BNB / USDT. Ascending channel. Cycle. Wedge. Reversal zones. Published 15 10 2020. Pumping +5500% From the average set price (at already +15,000% price values), the pump in the trend has occurred over +4400% to the highs of the distribution zone. BNB key capitulation zone, bottom, overpowering historical highs and super dump (probability zone): 🟣 Reset zone (carnival dump) $6.3$ 🔴 Zone of equalization and price consolidation after the dump 11.18$ 🟡 Zone of local ascending channel breakout (channel in channel) 39$ 🔵 Peak reset zone in the distribution cycle 670$ ❓Do you think it is possible to repeat the BNB HYIP on a notional Chinese blockchain TRX (in a country where supposedly cryptocurrencies are banned at the moment, but mass digitalization is underway) through which billions of dollars are transferred into USDT (cryptocurrency market pump) daily? By the way the charts are conventionally similar in meaning (trend holding on huge profits). Can TRX like BNB at one time make a super Pump on a large % already while holding on to a huge % profit? That is, will TRX cryptocurrency repeat the previous BNB hype given the usefulness of blockchain and the adoption of blockchain by a number of countries "now" and in the future? Action tactics. Super Pump. Risk Management. Quite possibly, but for very large sales targets (hamster) I would allocate probably no more than 5-10% of the total crypto coin position. And still in the market allocation zone I would keep these coins not on wallets, but in stop-loss to protect a very significant profit. To make big money (ta in general to earn at a distance), it is necessary to have an account of every penny and not to play in the casino, but only in the allowable, predictable risk. Pump/dump and super profit of "investors". ICO price It is worth noting that with ICO 2017 price is now about +5500% Price of token (then on ETH-ERC20) ICO: 1 TRX = 0.00000038 BTC ICO was fair, anyone could buy a token, which subsequently in 3 months will grow in value on the pamp method "stick" in 100 times. The capitulation zone (probability no more)). Repetition is the mother of learning. Partial reallocation of large holders (traders and investors) was in 2020 as well as most assets thanks to shaking out -60% in a couple days on 03 2020 from the accumulation zone. Will it happen again or not? Yes/No, you should always be prepared in any trend for such a hypothetical event that could significantly increase your asset holdings and deposit afterwards in the final unanticipated capitulation of the markets (multiple). Secondary trend. Time frame 3 days.
BINANCE:TRXUSDLong
by SpartaBTC
8
TRXUSDT rather TRON's Plan to get new ATH!TRON is currently showcasing strong bullish momentum, sitting atop an ascending trendline with signs of a potential breakout above the bear pennant formation. Here’s the breakdown: Current Buy Zones: 1. FOMO Entry: From CMP (0.2111) if you’re bullish and expect a quick breakout. 2. Ideal Buy Zone: Between 0.206 to 0.203, offering better risk-to-reward as it aligns with the lower trendline and strong support zones. Bullish Setup: • Pattern: A bear pennant forming on top of an established uptrend often results in a breakout to the upside. TRON is respecting the ascending supports, indicating buyers are defending key levels. • Volume Profile: Volume is building near the pennant, signaling the possibility of aggressive movement soon. • EMAs (Exponential Moving Averages): Price is comfortably above the EMAs, with the 7EMA acting as immediate support. Targets: 1. First Target: 0.22543 – This is the breakout projection of the pennant and a major resistance area. 2. Second Targets: • 0.245 – A potential consolidation level if momentum persists. • 0.31 – A stretch target if TRON gains strong bullish traction, aligning with historical levels of interest. Risk Management: • Stop Loss: Below 0.203 to protect from invalidation of the bullish thesis. • A breakdown below 0.203 could signal weakness and negate this setup.
BINANCE:TRXUSD.PLong
by MastaCrypta
TRX (TRON): Overbought at ResistanceTrade setup: Price remains in an Uptrend. It bounced off of its long-term up trendline and 200-day MA, and resumed its uptrend. We removed it from our HOT list because it's overbought (RSI > 70) near $0.17 resistance, hence we're likely to see some profit taking near-term. We'd wait for a pullback. Nearest Fibonacci Retracement levels (possible support) are $0.16 (23.60%), $.15 (38.20%), and $0.14 (50%). Learn risk management in Lesson 9. Pattern: Price is Overbought at Resistance. This trading strategy finds assets that are overbought (RSI > 70) and are near a resistance area, which means there's a high probability that price will get rejected and pull back near-term. Overbought conditions are typically reached when RSI hits 70 or more. Learn this trading strategy in Lesson 5. Trend: Short-term trend is Strong Up, Medium-term trend is Strong Up and Long-term trend is Strong Up. Momentum is Bullish but inflecting. MACD Line is still above MACD Signal Line but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum could be nearing a downswing. Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70). Support and Resistance: Nearest Support Zone is $0.14, then $0.128. Nearest Resistance Zone is $0.17, then $0.20.
Long
by altFINS
TRX: Resistance BreakoutTrade setup : Trends are mixed but improving. Price has made Higher Lows (see blue trendline) and broke back above 200-day MA ($0.12) to signal trend reversal to uptrend. If it breaks above $0.125 resistance, it could revisit $0.14 next. Pattern : Resistance Breakout . Once a price breaks above a resistance zone, it signals that buyers have absorbed all the supply from sellers at this level and price can resume it's advance. Following a resistance breakout, the next closest resistance zone becomes a price target. Learn to trade key level breakouts in Lesson 7. Trend : Short-term trend is Strong Up, Medium-term trend is Down and Long-term trend is Down. Momentum : Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70). Support and Resistance : Nearest Support Zone is $0.11, then $0.10. Nearest Resistance Zone is $0.125, then $0.14.
Long
by altFINS
TRX ( TRON ) tm:1hHello traders. I hope you doing well. These areas are based on my personal strategy and I will share it with you. Open a sell position on the supply area or open a buy position on the demand area. Your entry point, stop loss, and target point are based on money management and the amount of money in your trading account. But I promise you that by trading in the areas of my trading strategy, you will definitely make a profit, because these areas, although they seem simple, are my experience of 8 years of learning and trading. I hope you will achieve maximum continuous profit with me by using supply and demand areas. Good luck traders. Mohammad Goodarzi
by itsbluemorpho
TRX Tron Technical Analysis and Trade Idea PLUS My Trading Plan In this video, we delve into a comprehensive technical analysis and trading concept for TRX (Tron). Our assessment reveals a potential trade opportunity. We meticulously analyze the current price action, closely scrutinize market structure, and incorporate market dynamics. Based on favorable conditions, we identify a potential entry point. However, it is crucial to underscore the significance of implementing robust risk management strategies. Please note that this video is purely educational and should not be construed as financial advice.
Short
by fxtraderanthony
6
TRX Achieves Third Target with a 74% Surge! 🚀🚀 Exciting news for TRX enthusiasts! The TRX cryptocurrency has successfully hit its third target, experiencing a remarkable 74% surge. The current price stands at an impressive $0.011349, marking a significant milestone in TRX's upward trajectory. Traders and investors are buzzing with anticipation as TRX continues to showcase its resilience and potential for substantial gains. Stay tuned for further market insights and potential opportunities in this dynamic digital currency landscape. #TRX #CryptoSuccess
Long
by SafeCryptoSignals
3