TRX
Is Tron on the edge of making a big move?TRC20, a protocol based on Tron, is being used frequently by cryptocurrency activists because of the very low fees on the transactions. Meanwhile, Tron didn't have any significant move in the last 2 years. On the weekly chart in pair with bitcoin Tron has developed a symmetrical triangle. If it breaks out of the triangle upward it can make a leg up to 0.000007. The next targets for bullish scenario are 0.00002047 and 0.00005759.
Tron Price Analysis — December 17TRX maintained a bearish trajectory on Friday, as the price nears its last week’s low of $0.0790. The bearish sentiment comes amid a persistent marketwide sell-off that has plagued the industry for several weeks. Bearish trading volume on TRX remains on the high side, indicating that we could see a bearish break below my descending tripwire. While significantly unlikely, a defense of the $0.0800 line by bulls over the coming hours could stall the bearish momentum allowing bulls enough time to reassemble and push for the $0.0900 mark.
Meanwhile, our resistance levels are $0.0850, $0.0900, and $0.0950, and our support levels are $0.0780, $0.0760, and $0.0740.
Total Market Capitalization: $2.15 trillion
Tron Market Capitalization: $8.21 billion
Tron Dominance: 0.38%
Market Rank: #24
#TRXBTC Weekly viewI see on the weekly timeframe a W pattern forming. January 2018 TRX reached the ATH and since then the price has been slowly moving downwards.
Between the red and green line channel. Thin green line aka support is holding strong and several times a good bounce up.
Currently looking good. W pattern, momentum upwards, support holding, but note the red line upper trendline and on the following images you can also see the 200 EMA weekly.
Caution is advised. Step 1 is red line upper trendline and step 2 is 200 EMA pink line.
All of these is looked at from a bullish perspective. Bearish view is the downward break of the thin green support line.
If that happens it is game over. Next target is that green lower trendline.
Trading is and remains a risk business. If you want technical information about a coin, leave a comment.
TRXUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
We are in a daily time frame.
We have drawn a support line for you that looks like a good area to buy and the price is fluctuating between a support line and a resistance line. The price can implement the reverse head and shoulder pattern and then move towards its second resistance.
It is also possible that the price will move to its first support line, then move to its second resistance after being supported, so do not rush and wait for it, to break its second resistance line and stabilize above that, then enter the trade, or wait for the price to hit the support line and being supported, then enter the trade.
Warning: This is just a suggestion and we do not guarantee profits. We advise you analyze the chart before opening any position.
Wish you luck
buy signal on 0.072$ for TRXhi guys
if you are confused in this market for weeks
do not worry
it is same matter for all traders
based on chart, we expect that price down to bottom of channel
so if you think you need to buy some thing, I suggest you to Waite a while
thanks
good luck
plz support if this idea helps
BTTUSDT Christmas PresentTake a look at the 50 and 200 MA. During the consolidation, the 50 failed to cross above the 200. However, the 200 was in an upward movement. This time around, the 200 has taken a turn for the downside while the 50 looks to pop upward. In the triangle, the consolidation period looks to end right at Christmas time. If we have a 50/200 crossover, and a breakout of the triangle, I am bullish AF. Although I already am.
Long Term Target 1: $.014
Target 2: $.022
MY MINIMALIST CHART ANALYSIS FOR TRON
$TRX
12.04.21
0608H +8 SINGAPORE
Disclaimer:
The findings of the following analysis are the sole opinions of the publisher of this idea and should not be taken as a piece of investment advice.
ALERT: Done with BEAR TRAP, and now must go back to recent support before the BIG PUSH UPWARDS.
LOOKING FOR THE BEST ENTRY to a SWING TRADE.
We are now looking at a NEW ENTRY POINT in which the market has contracted significantly.
VITAL SIGNS: RSI, STOCH, and VOLUME are all looking good. We are waiting for the final accumulation and distribution and then the COILING of THE MARKET.
The previous SWING ended pretty well with amazing profitability.
The Market had amazingly moved along the TOPS and BOTTOMS of our BOXES, signifying TURNING POINTS of PRICE ACTION, and verified by major FIB levels.
Hoping that this MINIMALIST BOX CHART ANALYSIS will efficiently help you with your DYOR as we climb this NEW SWING.
Happy Trading Everyone!
INSTRUCTIONS: HOW TO USE THIS MINIMALIST CHART
"FOLLOW THE WHITE RABBIT!"
Just Follow the TOPS and BOTTOMS of the BOXES as a GUIDE where the MARKET will take you.
Created on a MONTHLY, WEEKLY & DAILY Analysis of a MARKET'S CHARACTER.
It is designed for SWING TRADES at the LOWEST or START of a SWING CYCLE.
TARGET ZONE IDENTIFICATION
The LARGE BOXES (Tops and Bottoms) are MAJOR turning points that will occur sometime in the future. While the SMALL BOXES (Tops and Bottoms) are MINOR turning points.
These can be entries to a BUY/ SELL POSITION, EXIT/PARTIAL EXIT/TOP-UP AREAS, as well as Support and resistance levels
Also includes MAXIMUM TARGET EXIT AREA OF VALUE - CONSERVATIVE (If price action conditions are right at that given moment.)
At times I include WAY BEYOND PARABOLIC Price TARGETS depending on The Character of the Market (CRYPTOS ONLY).
DYOR for your Volume, Chart Patterns, Candlestick Math, FIB COILS ( ABC ), Price Action, FIB LEVELS, Market Dynamics, especially institutional and retailer trading psychology.
NOTE: That PRICE TARGETS for ENTRY and EXITS are DYNAMIC and can CHANGE from time to time, depending on the dynamics of the market.
Wishing you all The Best Trades and Thank you all for your Appreciation and Support of My Work.
Much thanks to My 3 Mentors. They are so much of a Blessing that I also wish to share my knowledge.
Vive Le Autist!