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Tronusd

Tron is Breaking out from a Flag!So just another quick analysis, this time looking at TRX. I am not really a fan of TRX token, but you may know that TRX was the only coin that was breaking out while Bitcoin was sharply falling down. Using that fact with psychology and considering the price is in a bull flag, I expect TRX to perform a 14% move from current price easily. I was buying some at the price of $0.031 and sharing it with my free group That's it from this idea, straight to the point. Tibor
Long
by TiborVrbovsky
1
TRXUSD preparing for next BULL trend, breakout imminent.Cryptocurrency Practice #3 TRON has multiple levels of take profits depending on how bullish you are on the coin. Good strong hold for long term as well. Confluences: 1. ATR at lows. 2. Confluences with eventual BTCUSD rise. 3. It is looking to break from YEARLY CAM R3 and pivot point. Showing lots of bullish momentum. 4. Possible double bottom formation on multiple time frames. 5. Volume slowly rising as news is getting better for the coin. Leave a like if this helped you! Helps me understand if my TA's are teaching others.
BINANCE:TRXUSDLong
by pjgonzales
3
TRXUSD Update: Profit=4230 SL=760 Reward/Risk > 5.5:1 Trade Setup summary: Profit targets=4230 pip (420 + 710 + 1330 + 1770) Stop Loss =760 pip Reward/Risk > 5.5: 1 Current Status: Total Profit: 2415 pip Closed trade(s): 1280 pip Profit Open trade(s): 1135 pip Profit Trade Setup: We opened 3 BUY trade(s) @ 0.01400 based on 'previous Forecast' at 2020.05.10 : Closed Profit: TP1 @ 0.01830 touched at 2020.06.08 with 430 pip Profit. TP2 @ 0.02250 touched at 2020.08.13 with 850 pip Profit. 430 + 850 = 1280 Open Profit: Profit for one trade is 0.02535(current price) - 0.01400(open price) = 1135 pip 1 trade(s) still open, therefore total profit for open trade(s) is 1135 x 1 = 1135 pip 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 45. New Trading suggestion: . There is still a possibility of temporary retracement to suggested support line (0.02250) again. if so, traders can set orders based on Price Action and expect to reach short-term targets. New Take Profits: TP3= @ 0.02670 TP4= @ 0.02960 (New) TP5= @ 0.03580 (New) TP6= @ 0.04020 (New) SL= Break below 0.02060 ❤️ 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
10
TRXUSD Update: Profit=4230 SL=760 Reward/Risk > 5.5:1 Trade Setup summary: Profit targets=4230 pip (420 + 710 + 1330 + 1770) Stop Loss =760 pip Reward/Risk > 5.5: 1 Current Status: Total Profit: 2415 pip Closed trade(s): 1280 pip Profit Open trade(s): 1135 pip Profit Trade Setup: We opened 3 BUY trade(s) @ 0.01400 based on 'previous Forecast' at 2020.05.10 : Closed Profit: TP1 @ 0.01830 touched at 2020.06.08 with 430 pip Profit. TP2 @ 0.02250 touched at 2020.08.13 with 850 pip Profit. 430 + 850 = 1280 Open Profit: Profit for one trade is 0.02535(current price) - 0.01400(open price) = 1135 pip 1 trade(s) still open, therefore total profit for open trade(s) is 1135 x 1 = 1135 pip 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 45. New Trading suggestion: . There is still a possibility of temporary retracement to suggested support line (0.02250) again. if so, traders can set orders based on Price Action and expect to reach short-term targets. New Take Profits: TP3= @ 0.02670 TP4= @ 0.02960 (New) TP5= @ 0.03580 (New) TP6= @ 0.04020 (New) SL= Break below 0.02060 ❤️ 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
13
TRXUSD Update: Profit=10200 SL=2400 Reward/Risk > 4.2:1Trade Setup summary: Profit targets=10200 pip (3000 + 7200) Stop Loss =2400 pip Reward/Risk > 4.2: 1 Current Status: Total Profit: 17100 pip Closed trade(s): 4300 pip Profit Open trade(s): 12800 pip Profit Trade Setup: We opened 3 BUY trade(s) @ 0.014 based on 'previous Forecast' at 2020.05.10 : Closed Profit: TP1 @ 0.0183 touched at 2020.06.08 with 4300 pip Profit. Open Profit: Profit for one trade is 0.0204(current price) - 0.0140(open price) = 6400 pip 2 trade(s) still open, therefore total profit for open trade(s) is 6400 x 2 = 12800 pip Technical analysis: . TRXUSD is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 58. New Trading suggestion: . There is a possibility of temporary retracement to suggested support line (0.019500). if so, traders can set orders based on Price Action and expect to reach short-term targets. New Take Profits: TP2= @ 0.0225 TP3= @ 0.0267 ❤️ 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
15
TRXUSD Update: Profit=10200 SL=2400 Reward/Risk > 4.2:1Trade Setup summary: Profit targets=10200 pip (3000 + 7200) Stop Loss =2400 pip Reward/Risk > 4.2: 1 Current Status: Total Profit: 17100 pip Closed trade(s): 4300 pip Profit Open trade(s): 12800 pip Profit Trade Setup: We opened 3 BUY trade(s) @ 0.014 based on 'previous Forecast' at 2020.05.10 : Closed Profit: TP1 @ 0.0183 touched at 2020.06.08 with 4300 pip Profit. Open Profit: Profit for one trade is 0.02040(current price) - 0.01400(open price) = 6400 pip 2 trade(s) still open, therefore total profit for open trade(s) is 6400 x 2 = 12800 pip Technical analysis: . TRXUSD is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 58. New Trading suggestion: . There is a possibility of temporary retracement to suggested support line (0.019500). if so, traders can set orders based on Price Action and expect to reach short-term targets. New Take Profits: TP2= @ 0.0225 TP3= @ 0.0267 ❤️ 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
13
TRXUSD Update: Profit=19400 SL=5400 Reward/Risk > 3.6:1 Trade Setup summary: Profit targets=19400 pip (7300 + 12100) Stop Loss =5400 pip Reward/Risk > 3.6: 1 Current Status: Total Profit: 19500 pip Closed trade(s): 4300 pip Profit Open trade(s): 15200 pip Profit Trade Setup: We opened 3 BUY trade(s) @ 0.014 based on 'previous Forecast' at 2020.05.10 : Closed Profit: TP1 @ 0.0183 touched at 2020.06.08 with 4300 pip Profit. Open Profit: Profit for one trade is 0.0216(current price) - 0.0140(open price) = 7600 pip 2 trade(s) still open, therefore total profit for open trade(s) is 7600 x 2 = 15200 pip Technical analysis: . TRXUSD is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 70. New Trading suggestion: . There is still a possibility of temporary retracement to suggested uptrend and also a price rejection from uptrend. if so, traders can set orders based on Price Action and expect to reach short-term targets. New Take Profits: TP2= @ 0.0225 TP3= @ 0.0267 ❤️ 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
16
TRXUSD Update: Profit=19400 SL=5400 Reward/Risk > 3.6:1 Trade Setup summary: Profit targets=19400 pip (7300+ 12100) Stop Loss =5400 pip Reward/Risk > 3.6: 1 Current Status: Total Profit: 19500 pip Closed trade(s): 4300 pip Profit Open trade(s): 15200 pip Profit Trade Setup: We opened 3 BUY trade(s) @ 0.014 based on 'previous Forecast' at 2020.05.10 : Closed Profit: TP1 @ 0.0183 touched at 2020.06.08 with 4300 pip Profit. Open Profit: Profit for one trade is 0.0216(current price) - 0.0140(open price) = 7600 pip 2 trade(s) still open, therefore total profit for open trade(s) is 7600 x 2 = 15200 pip Technical analysis: . TRXUSD is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 70. New Trading suggestion: . There is still a possibility of temporary retracement to suggested uptrend and also a price rejection from uptrend. if so, traders can set orders based on Price Action and expect to reach short-term targets. New Take Profits: TP2= @ 0.0225 TP3= @ 0.0267 ❤️ 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
17
TRX is trying for big breakoutThe technical analysis of price action: If we move to the live chart then it can be easily noticed that the price action is still moving in an up channel and the price is increasing more and more while this movement within the channel. I have also placed the directional of movement indicator and we can see the bullish line that is positive directional indicator is still above the negative directional indicator that is the bearish line. And the ADX is also moving up so we can expect a big move to the upside in the near future. While moving in the up channel the price action also formed a cup & handle pattern. After reaching at the resistance of the cup the price action retraced between 0.50 to 0.618 Fibonacci retracement level and completed the handle of the cup. Finally, the priceline moved up with a powerful bullish divergence and broke out the resistance of handle and also broke out the resistance of the cup. Now after this breakout we can expect that the price action will have a little bit pullback and it will re-test the previous resistance of the cup as support and then it will start the next rally. The priceline is trying to breakout the bit triangle: If we switch on the long-term weekly chart then we have already seen in my previous articles as well that the price action of TRX coin is moving in a descending triangle. And after breaking out from the cup and handle pattern on the daily chart now the price action is trying to breakout the resistance of this descending triangle as well. The price action of Tron has 100 simple moving average resistance at the same level where we have the resistance of this triangle. I've also place the volume profile indicator on the complete price action moving within this pattern. And it can be easily observed that the trader’s interest is very low at the support and from the upside we have the trader’s interest beyond the resistance of this triangle. Therefore there are strong chances that the price action will soon break out this resistance rather to break down the support. The price action has entered in Ichimoku bearish cloud: Now I would like to draw your attention to a very significant signal. If we place the Ichimoku cloud on the long-term weekly chart then it can be easily noticed that the price action has entered the bearish cloud. We have also received the bull cross between the conversion and the baseline. This is very important time for the TRX that at the same time the price action is trying to breakout the triangle’s resistance and entered in a very powerful resistance of Ichimoku bearish cloud. Therefore if the price action will be able to breakout from the triangle then it will be easy for Tron to even break out this strong resistance of bearish cloud as well. And this will be a very powerful breakout even it can lead the priceline of Tron to $0.35 to $1. Conclusion: The TRX is bullish on the charts and at the same time we're having different announcements and good news by team of Tron. So the combination of the news and events and bullish patterns and indicators on the charts together can lead the TRX more strong bullish on the long term.
BITFINEX:TRXUSD
by moon333
1
TRX is bounced form the support of channelHi friends hope you are well in welcome to the new update on TRX coin. The priceline is bounced from the channel: If we move to the live daily chart. Then we can see that the price line is still moving in an up channel as we have already seen this movement is my previous article as well. Recently it is bounced from the support of this channel. I have also placed the exponential moving averages with the time period of 10 and 21 and the price action is using them as a good support. If we watch that directional movement indicator then a positive directional indicator has crossed up the negative directional indicator that is an another bullish signal indicating that this time the price action might again reach the resistance of this channel. The bull cross is expected between SMAs: If we place the simple moving averages with the time period of 25,50, 100 and 200 on the same daily chart then the price line has recently bounced from the 25 simple moving average. Now there is a bull cross expected between the 100 and 200 SMAs. Once the 100 simple moving average will cross up the 200 SMA then it will be another powerful bullish sign and it can be a big invitation to many traders to buy TRX coin more. A big descending triangle: Now if we switch to the long-term weekly chart then it can be noticed that price action of TRX is at the resistance of a very big descending triangle having strong supports of 50 and 25 simple moving averages. I have also placed the volume profile on the complete price action moving within this triangle that is showing low trader’s interest at the support of this pattern and from the upside that trader’s interest is increased even above the resistance level. Therefore we can expect a break out very soon. However, there is a 100 simple moving average resistance above the resistance of triangle that can stop the priceline for the breakout. Ichimoku cloud on weekly chart: Now I would like to draw your attention towards a very big expected bullish move and that is the Ichimoku cloud on the weekly chart. At this time the price line is entering in the bearish cloud and we have already seen at the same time the priceline is also trying to break out the resistance of the triangle. If the price action of Tron will be able to break out the resistance of the triangle then it is possible that it will be able to break out the resistance of this bearish cloud as well. This cloud is getting squeezed and showing that soon it will be turned bullish. Conclusion: Even though the price line is entering in the bearish cloud on the long-term weekly chart. But before moving to the upside the price action of TRX needs to break out the up channel on the daily chart and then the resistance of the triangle on the weekly chart as well. If the price action will be failed to break out the channel’s resistance then we can expect another downward move up to the support of the channel.
BITFINEX:TRXUSD
by moon333
2
TRXUSD has entered back in the channelHi guys and gals hope you are doing well and welcome to the new update on Tron coin. Few days back TRX coin was likely to break down the channel’s support but this week it is again entered in the channel. Even though TRX was moving down with Bitcoin and all top alts to break down the channel but the release smart contract privacy protocol was scheduled on 7th July made this week bullish for Tron coin and this week it has rallied around 21% and re-entered in channel. At this time the price action is likely to re-test the support of the channel. In case of successful re-test the price action can move up to the resistance. And after reaching at the resistance of channel TRX will gain 18% more value. Tron moved back above the EMAs: On the daily chart the price action of TRX also has broken out the exponential moving average 10 and exponential moving average 21. At this time it is again above these two EMAs. From the first week of April 2020 the exponential moving averages 10 and 21 are working as good supports for the Tron. Therefore these EMAs can be helpful for TRX to start the next upward move. The simple moving averages are broken out again: Previously the price action of TRX broke down the 25 simple moving average and in the past week it was at the support of 50 SMA. Finally the price action has again turned bullish and broke out the 25 simple moving average again. At this time the price action is above 25 simple moving average and likely retest as this simple moving average as support. The bullish candlestick is appeared at the ressitance: The price action of Tron coin is also moving in a descending triangle. And after hitting at the resistance it was likely to move down at the support. But this week we have a bullish candlestick that is again going to hit the resistance of the triangle to make another attempt for breakout. Turning from bearish to bullish at the resistance is another very positive sign in favor of bullish momentum. The price action might not re-test the previous support: If we watch the different support and resistance levels on the daily chart then TRX has the support at $0.0127. And after the rally of this week the price action is in the correction mode. But as we have the 25 and 50 simple moving averages as good supports and the price action has just broken out the 25 SMA. Therefore there will be less chances that the price action will be dropped down again at the support. Bullish Shark move: Now I would like to draw your attentions to the chart that I posted on September 2019 where I revealed that the price action of Tron has completed the formation of Shak pattern. At that time it was in the potential reversal zone of Shark. Finally the price action Tron turned bullish in January 2020 and produced more than 114% bullish rally and dropped down again in the potential revesal zone. At this time the price action is again turning bullish and moving above this PRZ level. Therefore I am expecting a sequence of the bullish candlesticks on the monthly chart that can lead the price action of TRX towards a very long term bullish rally. Conclusion: Few days back the price action of TRX was bearish on short term and on mid-term but now it is turned bullish on short term and mid-term as well. However, we should set our stop loss the support of the up channel that has been formed on the daily chart to minimize the risk factor. Note: This idea is education purpose only and not intended to be investment advice, please seek a duly licensed professional and do you own research before any investment.
BITFINEX:TRXUSDLong
by moon333
1