TRX is in the BIG channel! Wait for a pullback!Tron (TRX) is in the BIG channel! After falling by 22% like last time, the price began to rise. Now we are touching the lower boundary of the channel! This could be a trigger for growth or at least a local pullback.
Pay attention to the volumes - this is an indicator of a BIG player!
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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.
TRX
TRX 1h ShortSetup: On the 1h TF, TRX is on a downtrend and just break below the 200 EMA. It is also below the control point. Comparing with the higher TF, there is also low volume between the entry and our take profit level This means that there is more chance for our trade to run
Entry: 0.06986
SL: Trailing Sl of 3.1 ATR, currently at 0.072
TP: 0.06
TRX/USDT BUYING SET UPTRX Breakout from bearish trend or major descending channel, Any pattern EVE ADAM and valid breakout, and Now TRX on retest resistance become support after break from EVE ADAM pattern
RSI on Daily or lower timeframe showing overbought , Maybe need sideways in few days before continue make new higher high
Entry : 0,0725 , 0.071 , 0.0695
Target : 0.08 , 0.086 , 0.092 , 0.101 , 0.109
Stoploss : $0.065
Risk : 10%
TRON - Update ✅Let's see how TRX is behaving.
This is a 1D chart. (Mid Term)
TRX is now the first trend on Twitter.
It looks like it has safely passed the support/resistance level on the chart and, after confirmation, will turn it into a local support level. This can start a new uptrend for TRON.
Support levels: 0.06342
Resistance Area: 0.08169
Bollinger Bands can work as support and resistance too. Here is an example:
The market is showing BUY volumes for TRX.
Two resistance levels push down on value, and one support level holds the price high and shows strength. The higher band can work as resistance.
The Middle Bollinger Band can push down the value, and the Lower band pushes the price up.
If the price crosses the local resistance and stays above it for confirmation, we can open our long positions, aim for the next resistance, and use it as a TP point.
The RSI shows that TRX is above the 50 levels, the center.
If you want to know how the RSI indicator works, take a look at this Educational Idea. It'll help you have better readings:
Current Market Price: $0.07171
Let me know your ideas.
Good luck.
TRX long term with Adam and Eve !!
Hello Traders.
We find that the currency has formed a positive pattern, which is the Adam and Eve pattern, and the pattern is completed by penetration. It is possible that a re-test to confirm the penetration, and it is also possible that the launch for the first target and then re-test.
The targets are orange, access is your responsibility
And stop loss if it closes 70.99 daily after the breach
In this case, the breach is false.
tell me your idea in comment ! I will appreciate that .
thank you.
Bull Run Stage 1: 46,000. What You Say?Weekly Time-frame
We have tested the $44,400 it seems like we have reach the top already. Will see what the daily TF will tell us. $43,132 needs to hold to continue the trend to the upside flipping it and making it a demand zone would mean we can have a breakout to the double bottom.
1D Time-frame
We are currently in the supply zone if demand is greater than supply then we can expect more pump to the upside. Daily time-frame is still bullish. Greed and Fear index is #47 which is neutral. If we don't hold it then short position from $44,400 to the downside.
4H Time-frame
4h TF is bullish we have higher high for our Awesome Oscillator and made a higher high candle. I hope you all took profit from the drop before it went up. It was a risky trade indeed. not good to sit on a rocket ship. I will always inform if we are having some reversal trade so all will be careful in entering the position.
We will discuss more on the possibility on our Live. Stay tune and check with us!
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Disclaimer: Above Technical Analysis is pure educational information, not Investment Advice. The information provided on this post does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.