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Trxanalysis

TRX - 6h. Buyers have a chance to test $0.07TRX Buyers aggressively launched an attack in the $0.037-0039 range yesterday. This range f rom August 2020 keeps the price from continuing the growth trend. 3 previous attempts by buyers to take control of the range ended in a sharp reversal of the price to the liquid price zone of $ 0.023-0.024. However, this attack is special. In our opinion, the buyers managed to neutralize the main sellers on January 29. The strong momentum on high volumes has satisfied many sales orders. After such an event, the sellers did not launch a counterattack, which signaled their weakness. Today we see that the price of TRX is uncorrected to the mark of $0.05 . this mark is in fact the limit of the global 2-year consolidation. After breaking this mark, buyers will be able to continue to grow to $0.07. However, if we remember that the historical maximum of TRX is around $0.2 - there is still a lot of work for buyers. ___________________ We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements. Subscribe to us and get daily concise analytics!
by P_S_trade
24
TRX-4h. Buyers have lost the trend line. What happens next?The situation on the TRX market is very similar to that of EOS . For the second time, buyers are trying to break the mark of $0.0366 and receive an aggressive response from buyers. The TRX price has been consolidating since September 2020. Active growth during August 2020 sent the price for the correction for six months. The main accumulation zone of long positions is in the range of $0.0265-0.027. The fall in the price of TRX on January 10-11 on large volumes showed that buyers are ready to keep this range . However, the price went beyond the growth trend, which buyers formed from December 23. Buyers are not actively trying to return the price, waiting for the reaction of BTC. Therefore, we cannot call this coin strong. Compared to XLM , TRX buyers are quite weak. However, if the favorable situation in the crypto market continues (bitcoin will either grow or consolidate), the TRX market has every chance to shoot up. The first target is $0.036. Alternative scenario. Breaking and fixing the TRX price mark of $0.0265 will return the TRX price back to the liquid consolidation zone. This fact will reduce the chance of growth in the near future. And increase the chances of continuing a sharp drop in the price of TRX to $0.22: ________________________________ We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements. Subscribe to us and get daily concise analytics!
by P_S_trade
This will be good news for traders to go long Tron and wait for I have been researching cryptocurrencies for 2 years. I noticed in all charts the common matter within all coins and tokens has been the extended wave 5. This happens in all sub-waves of each wave. About Tron: studies show that,3 waves have been completed so far, at the moment the 4th wave is under accomplishing. According to the candlestick type in 240 minutes time frame, also the resistance level of 50% Fibonacci ratio, and dealing with the broken downtrend, the probability of ending the wave 4 becomes clear. So, we should wait for a very strong uptrend in the 5th Wave. According to the initial explanation, we have to wait for the continuous wave of 5th, the target of this bullish rally can be in the range of 0.08 up to 0.10 cents. However, we must consider the possibility that wave IV will continue up to the range of 0.618 Fibonacci ratio.
Long
by NirmataFX
2
Don't miss the great buy opportunity in TRXUSDTrading suggestion: . There is a possibility of temporary retracement to suggested support line (0.014). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . TRXUSD is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 64. Take Profits: TP1= @ 0.0183 TP2= @ 0.0225 TP3= @ 0.0267 SL= Break below S2
BITFINEX:TRXUSDLong
by ForecastCity
20
Don't miss the great buy opportunity in TRXUSDTrading suggestion: . There is a possibility of temporary retracement to suggested support line (0.014). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . TRXUSD is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 64. Take Profits: TP1= @ 0.0183 TP2= @ 0.0225 TP3= @ 0.0267 SL= Break below S2
BITFINEX:TRXUSDLong
by ForecastCity
10