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Tronusd

TRXUSDT - Break out trend linePreconditions: - Global trend up - Local trend up - Pressure key level You will learn the best place where we can trade this instrument at low risk. Write in the comments all your questions and instruments analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade
by Yuriy_Bishko
6
Tron to see strong volume!If I have learned one thing in all these years I am trading, it's that when a coin is behaving with a long lasting sideways moves which are very tight, it's a strong indication of a strong move. Same as when there is low volume for some time it's only a matter of time when the volume comes in, trick is to determine if volume is going to be buying or selling one. From the daily chart we can see that Tron is in a ascending triangle and it's reaching the edge of this triangle and it's a matter a week until this coin pops higher. First target is 0.0305 (10%) Second target is 0.0357 (30%) Good luck with this trade! Tibor
Long
by TiborVrbovsky
5
Is TRX warming up for a rally?Tron has been trading within a Channel Up since the March bottom and has just printed a Bullish Cross on the LMACD of the 1D chart. Every time that happens, a respectable rise follows. I am interested particularly on the December 2019 LMACD Bullish Cross. As you see the price action that preceded the Bullish Cross has fair similarities with the price action since August 11. Towards the end of that (2019) fractal, TRXUSD was trading below the 1D MA50 following an MA20/50 Death Cross. Currently it has again formed that same Death Cross and is trading below the 1D MA50. Will a break above its 1D MA50 kick-start an aggressive rally as it did in early 2020? ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> AxelShadah --------------------------------------------------------------------------------------------------------
BITFINEX:TRXUSDLong
by TradingShot
3
TRX has completed bullish Cypher at strong supportHey friends hope you are well and welcome the new update on Tron Coin. On the daily chart the price action of TRX coin has broken down simple moving averages with the time period of 25, 50, 100 and 200. And having good support of 100 SMA at the moment. On the long term weekly chart the priceline has broken out SMAs with the time period of 25, 50 and 100. But there is a big distance between the simple moving averages and the price action of Tron. Therefore The priceline may consolidate at this level until atleast 25 SMA will move up to provide support. On the daily chart the price action of TRX has very good support of an uptrend line. And the 100 simple moving average is also at the same level where the this uptrend line is providing support to candlesticks. Therefore the pricline may start another rally to the upside from this trendline. On this support the price action has completed bullish Cypher pattern and entered in potential reversal zone. The targets as per Fibonacci sequence of Cypher are: Potential reversal or buying zone: $0.0244 to $0.0202 (this should be used as stop loss as well) Fibonacci projection or sell zone: $0.0277 to $0.0356 Conclusion: Even though the priceline is having very strong support of 100 SMA and the uptrendline as well, and entered in PRZ level of Cypher pattern. However, if the potential reversal zone will be broken down then a rally to the downside can be started. Therefore this PRZ level should be used as stop loss.
BITFINEX:TRXUSDLong
by moon333
1
The Trouble with Tron (TRXUSD analysis)TRX has a verrrrry long consolidation phase within a broad trading range. With a 70% upside to the trading range resistance, some short-term traders may be tempted to catch it, although looking at the charts fluctuations it seems like a gamble compared to other trading opportunities that may be available for other coins. However, the big potential for a long-term swing trade comes when (if) TRX manages to break out of its range. There is a 300% to 640% upside to reach it's ATH. We remain neutral for now but TRX may be one for the watchlist. If we add TRX to the SparksterSignals backtesting toolkit (link below) we may find much shorter time-frame opportunities for historically reliable profit. Note: SparksterSignals (including our technical analysis and our algorithmic backtested signals) are not provided as financial advice.
BINANCE:TRXUSD
by Sparkster