TRX
Fractal. TRX/USD BTC/USDTimeframe 3 days. Logarithm graph. Fractal.
On the trading pair TRX /USD, an identical fractal was formed after the dump as in March-April 2020 on the BTC/USD trading pair during the birth of a super uptrend + 723% from the resistance breakout zone of this local formation.
Fractals are a similarity, and the development potential of this similarity is nothing more. The small is the repetition of the big, the big is the small.
It is quite possible that at the expense of USDD, but more carefully, not since scam projects like the fallen moon, the throne will be pumped up by their USDD stablecoin.
The red throne has other privileges, perhaps a slightly modified scheme will come true. As well as red Tron for “new, former reds.” The impossible can become possible.
July 27 The Fed interest rate decision coincided interestingly with a daily fractal and a breakout. It is quite possible that this day will be crucial for the stock market and cryptocurrency. Be extremely careful in trading on this day.
🔥 TRX: possible false breakout abd riseTRX price is creating the rising wedge. This is a bearish pattern but after the BTC fall for the 75% the continuation of the downtrend is less possible then consolidation or growth.
The price should return to rising wedge for continuation of it growth. It shown sign of bulls. Additionally, we see how TRX was growing after the fall. A lot of buyers were at the bottom what is shows us the strength of this alt. Even when BTC fall it continue it`s uptrend.
Also, the growth is possible because of the short traders which are open their possition after the Luna crasg and wait for the crash of USDD (Tron`s stablecoin) but situation normalized.
The volumes after the false brakout don`t show that a lot of traders were trapped. Even after break of the lower boundary volume doesn`t change so we have to wait for our trading setup.
The target is value area of $0.78-0.86.
Additional scenario is the retest of lower boundary of rising wedge as the resistance and continuation of fall. It`s possible if BTC continue it`s fall to 17-17,5k to make a relow and collect liquidity.
In this case the target will be the area of $0.5-0.55.
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P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
TRON (TRX) - July 12Hello?
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(TRXUSDT 1M Chart)
The 0.04736-0.06034 interval is the interval that determines the trend.
Therefore, if the price is maintained above this range, it is expected to rise.
(1W chart)
Primary resistance: 0.07679-0.08631
Secondary resistance: 0.10176-0.11228
1st support: 0.06034-0.06461
Second support: 0.04736
(1D chart)
On July 9th, the RSI marked an overbought zone and is declining.
It is necessary to check whether it can be supported in the first support section.
In particular, you need to make sure it is supported at 0.06532.
The volatility period is around July 20.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator will move accordingly as price and volume move.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
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LUNA2 Trend Entry shortThe simplest setups are the best, LUNA2 has broken its uptrend and entered a downtrend. The entry was based on the break of the uptrend support.
Entered short at 2.13, expecting to hold this one a while as LUNA2 slowly dies a death.
Poor fundamentals in a weak market.
ICP Simple short setup failing to break resistanceSimple short setup on ICP. It has been in a long downtrend for a considerably amount of time as it is a poor fundamental crypto. Combined with market conditions, the recent increase in price action is unsual, leading me to believe it is weak and will fall easily on the next BTC down day.
Setup presented as this looks to be reaching resistance, which was previous support. Entered short, will hold for a long time as this could be going way below 6 with prolonged bad market conditions.
Tron Long-Term Higher Low Leads To Higher HighWe have here the long-term chart for Tron (TRXUSDT).
We will focus on the higher low.
Look back to June 2021;
The marked support level was hit followed by a 175%+ bullish wave.
June 2022 we hit a higher low:
A new bullish wave can follow of similar magnitude.
We mapped for you multiple targets on the chart.
I hope you find this information useful.
Feel free to follow, share, comment & like if you enjoy the content.
Namaste.
TRXUSDT Consolidation more than 1y and its possible consequencesBefore you is the global chart of TRXUSDT on a 3-day time frame.
At a time when most altcoins show a stable downward trend for more than a year, the price of TRXUSD is consolidating in the upper half of the all-time price range.
If at the beginning of the consolidation, the price movement in the consolidation was 300%, now the possible price movement within the consolidation triangle is 50%.
Further, in the consolidation, "the spring will be compressing" , and this may drag on until the fall, or even until the end of the year. But when it shoots, the impulse will be very strong and long-lasting.
The chart shows a strong liquidity zone $0.046-0.052. F or the first time, sellers and buyers actively competed in this zone in May - July 2021.
During the May fall in 2022. - the TRX price confidently growing from $0.07 to $0.09, when parallels 90% of alts were mercilessly falling.
However, already in June 2022, the TRXUSDT price caught up with the general fall of the crypto market, but a large aggressive buyer did not allow the price to update the minimum from May 2021. (FUD around the stablecoin Usdd)
Summarizing :
If in the coming days-weeks the TRXUSDT price will not be allowed to fall below $0.06, then know - it is being accumulated by large buyers.
The minimum goal for growth is $0.09, and if it breaks higher, the Tron price will be able to fly up to $0.135-0.14
If you see the TRXUSD price fixing below $0.52, you will most likely have to flee from the Tron, because there will be a threat that the fall will accelerate to $0.25-0.35
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TRX: hottest🔥 alt make a pullback. Here is an enrty point!📊TRX grow higher than any other altcoins. It`s pump even if BTC fall sometimes. It has strong support from the buyers and in this idea i`ll show you where the big player open it`s longs.
1. First of all, the huge support is the $0,62-0,63 value area. The liquidity collection and the liquidation of the lavarage position confirm the volume indicator. The volume bars should grow. It`s shows us also the presence of buyer. We need to follow the smart and big money, don`t we?
2. After the small consolidation and trendline squeeze the price have to brake the trendline. Here will be our entry point.
3. The local manipulations are not required but it will be good to see false breakout or liquidity collection before the breakout of the trendline. The trapped short traders gives to TRX additional fuel to grow!
The targets:
1️⃣ $0,7 - the closest key level
2️⃣ $0,75-0,79 - the liquidity gap.
This target will be easy to reach for TRX if BTC show some strength. The price of this alt grow even if BTC just consolidate. Image what happen if BTC starts to rise.
✅Traders, if you have a question about how to trade the trendline breakout or other trading tips write down in the comment or to DM!
💻Friends, press the "like"👍 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.
The price of Tron will reach 0.072.Hello.
According to the analysis, the Tron currency will fall in the resistance point "Re 1" and then with the price falling on one of the support points "Su 1" or "Su 2" its price will return to the point " Re 1 "arrives.
So according to the analysis we have to keep our price up to 0.072 Tron and then sell it so that the Tron currency reaches one of the support points.
First resistance point: Re 1
First support point: Su 1
Second support point: Su2
Thank you very much for your valuable time.
TRX - another opportunity for shortReasons to take short:
⭐️ BTC bearish
⭐️ Trendline 10 days long
⭐️ Trendline is clean
⭐️ Collected stop-losses
⭐️ Broke local trendline
⭐️ Price is squeezing to local level
⭐️ 5th touch
⭐️ 50 ATR
⭐️ Under VWAP
Will enter when price squeezes to the trendline on 5m timeframe, the base will form and the tape will get faster.
If you don't understand the previous sentence, just use swing stop-loss 3-5%
Fix profit by parts:
1% - 1/3
2% - 1/3, stoploss to breakeven
What's left, hold to the maximum
What do you think of this idea? What is your opinion? Share it in the comments📄🖌
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P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones
TRXUSDT 1D TA : Bull or Bear ?As you can see, the price has returned from a significant support range
It is likely to grow close to theBearish Trend line
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⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 06.20.2022
⚠️(DYOR)
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TRX - Down we go, go, go, go..Reasons to take short:
⭐️ BTC bearish
⭐️ Trendline 10 days long
⭐️ Trendline is clean
⭐️ Collected stop-losses
⭐️ Price is squeezing to the trendline
⭐️ 6th touch
⭐️ 50 ATR, coin at high
Will enter when price squeezes to the trendline on 5m timeframe, the base will form and the tape will get faster.
If you don't understand the previous sentence, just use swing stop-loss 3-5%
Fix profit by parts:
1% - 1/3
2% - 1/3, stoploss to breakeven
What's left, hold to the maximum
What do you think of this idea? What is your opinion? Share it in the comments📄🖌
If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊
P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones