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TRX

TRX - Range trend but positive momentumDuring the past weeks, TRX had a range trend but positive momentum. The price of Tron entered a correction after the bearish wave, which was able to stay at the support level of $0.053-$0.054 by breaking the downtrend line drawn in the previous analysis. Again, a positive reaction has been observed at this level, which indicates the attempt of buyers to grow the price to the resistance of $0.057 to $0.059. In general, the major resistance in daily time is considered in the range of $0.070. But in the 4-hour period, if the $0.059 resistance is broken, we can expect further growth and an upward trend. So, in general, for this week, the resistances of $0.059 and $0.062 can be short-term targets for buyers. You can also consider a narrow ascending channel for the price in the 4-hour timeframe. As long as the bottom of the channel is maintained in the orange range, we expect the price to grow.
by MonoCoinSignal
4
TRXUSDT TECHNICAL ANALYSIS$TRX launched in June 2018 and TRON value was $0,052, last ATH was $0,178. Tron has been lost value lower than when first launched. We haven't got any BUY signals from our robo advisor/ indicator @EngineeringRobo yet in daily chart. But we have got our first buy signal with MA20&50 then MA50. Also, the candles are already breakout down trend-line plus one candle opened-closed completely above down trend-line. It may an opportunities for buy then we may earn first of all 5% then 10%. Let's follow our chart closely and do not forgot the follow me. "NFA""
by ABSTOCKER
💲Tron Ready To Strike Out💲💲Tron Ready To Strike Out. 💲After a perfect defense of the support zone set by the 0.382 level, we begin another attempt to attack northward. 💲Tron, in my opinion, has really great potential for growth. 💲It stands out very positively against the rest of the cryptocurrencies. 💲Looking at the technical environment, I do not have any doubts about the probability of the continuation of the increases. 💲In my opinion, it is more likely that the next few weeks will bring increases. 💲The scenario I am playing out is a continuation of the increases on TRX over the next few weeks. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully. 🚀If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.🚀
Long
by InvestMate
2
TRX potential big drop (mid-term analysis)Hi all, As previously mentionned in the short-term analysis for TRX (cf link below), I would like to share my mid-term view on this crypto. In 2D TF, we can see that selling pressure is increasing: MFI values broke and were rejected by its long-term trendline The same phenomena are confirmed with OBV In lower TF (1H), the selling signal is triggered as shown in my previous post (link below). This crypto is highly volatile, consider your risk management.
Short
by evasivesteering
6
The 0.05358 point is stronger than any pointHello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (TRXBTC 1W Chart) It has risen in the section where the power of the rise is gained. In order to release this force, we need to see if the price can sustain above 0.0000 0318. ----------------------------------------- (TRXUSDT 1W chart) The key is whether it can get support around 0.05358 and rise above 0.06004. If not, a fall below 0.04562 is highly likely and you should think about how to counteract that. (1D chart) TRX is linked to USDD, a stablecoin. Therefore, a drop in the price of TRX is likely to have a profound impact on the shape of TRX. So, I think keeping the price above 0.05358 is of utmost importance. Therefore, you have to work hard to ensure that USDD is pegged to $1. Those who believe in TRX and continue their mid- to long-term investments should take advantage of this and take a trading method that increases the number of coins corresponding to profits while recovering the principal amount purchased. The next volatility period is around January 15th. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** If you share this chart, you can use the indicators normally. ** The MRHAB-T indicator includes indicators that indicate points of support and resistance. ** SR_R_C indicators are displayed as StochRSI (line), RSI (columns), and CCI (bgcolor). ** The CCI indicator is displayed in the overbought section (CCI > +100) and oversold section (CCI < -100). (Short-term Stop Loss can be said to be a point where profit or loss can be preserved or additional entry can be made by split trading. This is a short-term investment perspective.) ---------------------------------
by readCrypto
2
TRXUSDT TECHNICAL ANALYSISTron $TRX has lost approximately 66% value since May 2021 till now. So many coin has lost over 90% and the TRON was trying to keep value stronger. We haven't got any buy signal from our robo advisor @EngineeringRobo yet but MA 20 & 50 has changed direction at the moment and it give us first buy signal. If the candle keep going stay green, first of all we may earn approximately 6% and our target might be our down trend-line. We are still on the bear market and if we use leverage, we may double our money. Let's follow up our chart closely and do not forget to follow me. "NFA"
by ABSTOCKER
1
✴️ How To Trade Cryptocurrencies | It Is Very Hard... Is It Not?It is hard... We know it isn't easy. To look at this chart and call for a reversal. To look at any chart and say anything... It is hard because it can always change and whatever you see might not be true. So one needs balls to be able to jump in and say, this is my view. Or it can be easy... It can be very easy with a plan/strategy on how to trade. Here we have this beautiful chart. I don't know, it looks beautiful to me somehow. The fact that price actions drawn as candles forms patterns... The fact that a bounce happens each time at support. It can be easy too, stay with me. Some have the wrong focus think/say you got it right, you got it wrong... But this is not about being right or wrong it is about sharing my view so that you can do your own thing. You do not decide based on what we say. You make your own decision based on your own trading strategy and our charts can help you to adapt and change. Maybe you can improve on a target... Maybe you can decide to close a trade... But that is a decision you make after your own research not because of a single trade idea you read. Anyways... It can be easy because support is found 17% below the current price. That's the risk. If you buy this pair and TRXUSDT drops by 18%, you close the trade at a loss. This is a calculated risk, you know exactly how much you are risking. If it breaks bullish, you can sell for profits on the way up. 20%, 40%, 80% up to 100% and more. Actually... This is so easy. You simply buy and hold. If the pattern breaks down, if the trade goes wrong; Close at a loss. If we have a bullish breakout, we start green and the rest is to collect your profits on the way up. Only 2 possible actions: Buy and sell. With the first one, BUY, you hold. With the second one, SELL, you are done and can start looking for a new trade. Alan Santana writing for you! Remember to boost 🚀😄🤗 Namaste.
Long
by AlanSantana
2
Tron Maintains Support Zone💲💲Tron Maintains Support Zone 💲As can be seen on the chart after the sharp falls that occurred at the end of the current week. 💲Tron found support around the 0.382 level of the entire upward wave from the bottom and made a tentative rebound. 💲Looking at the technical environment, I do not think that the current tentative bounce will bring a continuation of the uptrend. 💲It looks like we will still have to wait for a strengthening of the current support zone and an impulse in the crypto market that could generate a buy reaction. 💲The scenario I am playing out is to wait to see how the price behaves in the coming days and to wait for the right moment to join the continuation of the uptrend. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully. 🚀If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.🚀
Long
by InvestMate
5
TRXETH Breaking Out, Heading to All Time Highs?TRXETH looks ready to follow through with this breakout that happened a few months ago. TRX has been outperforming during crypto market downturns this year so this will probably coincide with lower prices against USD for most cryptos. ETH will probably go under June lows while TRX remains relatively stable or possibly even goes up against USD. Long TRX/Short ETH is the best way to play this. River theory indicating TRXETH should get a big move up very soon. When ETH bottoms close the short end of the trade and stay long TRX. I suspect that this move following the breakout will be at least 161.8% of the first move up which will put TRXETH right around the previous all time high.
Long
by Intuit
2
Tron TRX price at the start of a strong trend moveTRXUSDT price has been demonstrating one of the longest consolidations since April 2021, 20 months. You understand that in consolidation: those who believe in growth are always buying at different levels, and those who believe in depreciation TRX are actively selling their portfolio. So when the TRXUSD price breaks out of this consolidation, there will be a strong and prolonged price movement in one direction. The ambitious goals of longs are growth to $0.09, and if they are lucky, to $0.13 Benchmarks for shorts - falling to $0.035, and if lucky, to $0.0175 Which scenario Tron price move is closer to your heart? Whose side are you on? _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
46
🔥✅FIRST DIGITAL YUAN: STRONG FUNDAMENTAL SIGNAL FOR TRX🔥 Hi friends! Tether and TrueUSD released Chinese offshore yuan on TRON. CNH₮ and TCNH will drive the next bullish trend in crypto, says Justin Sun (owner of TRX and Huobi). ✅ This will definitely lead to an increase in the number of users (TRC network) and the development of the blockchain system on Tron. Good fundamental news! Now the price consolidate inside the huge triangle which is part of global bullish pennant pattern. 📊 TRADING PLAN FOR TRX: 🔥 squeeze to the trendline and test it as the support. I want you to pay attention to the possible manipulations below the local lows. The whales collect the liquidity in this way 🔥 huge whales buy orders before the breakout and during the test the triangle as support. I use DOM and Footprint to track such activity and open a trade with the biggest players on the market 🔥 bullish BTC 🚩 Friends, push boost button of you remember BTC global triangle in 2018. And after the 5-6 tests the price finally broke it down. I think that the same things can happen on TRX. So it will be even better opportunity to enter the TRX because a lot of retailers will wiped out and the price will grow even higher. ✅ MID- AND LONG-TERM TARGETS FOR TRX: 1. $0.092 - key level and local high 2. $0.18 - key level, ATH 3. $0.45-0.5 - technical target according to bullish pennant pattern 🚩 Tron ranks 15th among the largest crypto and has a capitalization of $5 billion. So, the growth by 600-700% will not be a difficult task for this altcoin. Are you bullish on TRX? Write your thoughts and targets for TRX in the comments! 💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
by Yuriy_Bishko
5