Get started

Tronusd

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
Tron with a possibility of a strong leg up!As many people yesterday took a look at my TRX analysis that didn't go as well, as I expected, but still outperformed some alts in the value in which have dropped. The price of TRX was rising strongly against Bitcoin as you can remember from few days ago, and I think with the use of psychology, that many people would like to join this train, same as Omisego next waves. Currently Tron has found support at the bottom of the support from, and I can say it has bounced with over 5% bottom shadow of this candle, which is a strong bull sign! Indicators. EMA's are suggesting a strong volume incoming, or less likely a change to downtrend. RSI is in long term uptrend. MACD wave is likely coming to an end. Enter in the support area. TP1 0.03600 22% ($0.036) TP2 0.04000 40% ($0.040) Stop your loss below $0.028 I am in since $0.02941! Good luck with this trade! Tibor
Long
by TiborVrbovsky
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