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Tronusd

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
TRXUSD Third Chance: Profit=150% SL=12% Reward/Risk > 12.5:1Third Chance Trade Setup summary: Profit targets = 150% = { TP5 = 28% + TP6 = 44% + TP7 = 78% } Stop Loss =12% Reward/Risk > 12.5 : 1 New Trading suggestion: ". There is still a possibility of temporary retracement to suggested support line (0.02780) again. if so, traders can set orders based on Price Action and expect to reach short-term targets." New Take Profits: TP5= @ 0.03580 TP6= @ 0.04020 TP7= @ 0.04950 (New) SL= Break below 0.02670 -------------------------------------------------------------------------------------------------- Trade Setup: We opened 3 BUY trade(s) @ 0.01400 based on 'previous Forecast' at 2020.05.10 : and opened 4 BUY trade(s) @ 0.02250 based on 'previous Forecast' at 2020.08.27 : Buys Current Status: Total Profit: 366% Closed trade(s): 180% + 186% = 366% Profit Open trade(s): 0% Profit First buy closed Profit: TP1 @ 0.01830 touched at 2020.06.08 with 30% Profit. TP2 @ 0.02250 touched at 2020.08.13 with 60% Profit. TP3 @ 0.02780 touched at 2020.08.16 with 90% Profit. 30% + 60% + 90% = 180% Second buy closed Profit: TP1 @ 0.02780 touched at 2020.08.30 with 18% Profit. TP2 @ 0.02960 touched at 2020.08.31 with 31% Profit. TP3 @ 0.03580 touched at 2020.09.01 with 59% Profit. TP4 @ 0.04020 touched at 2020.09.03 with 78% Profit. 18% + 31% + 59% + 78% = 186% Technical analysis: . TRXUSD is in an uptrend and the continuation of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 67. ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex trader? Now, It's your turn! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
BITFINEX:TRXUSDLong
by ForecastCity
7