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Trxbinance

TRX fall out of the bullish triangle ?"Over the past days, the TRX cryptocurrency has been steadily constructing what appeared to be a promising bullish triangle pattern. This technical formation, characterized by its converging trendlines and diminishing price volatility, had ignited anticipation among traders for a potential upward surge in value. However, recent market developments have shifted this optimistic sentiment. The TRX token seems to have broken free from the confines of the bullish triangle. This breach marks a pivotal moment, suggesting a potential change in the prevailing market dynamics. The breakout from the triangle indicates a shift in the balance between buyers and sellers, and it's crucial to assess the implications of this movement. As the breakout unfolded, the TRX price underwent a testing phase, revisiting the ascending trendline that had previously guided its upward trajectory. This retest of the trendline can serve as a critical confirmation of the triangle's breakdown, potentially signaling a shift towards a downward trend. Traders and analysts are now closely watching whether the price manages to sustain itself above this level, which could indicate a potential recovery, or whether it succumbs to the pressure, implying a further decline in value.
Short
by Bitcoinblockchainonline
TRX/USDT: AT THE RESISTANCE.Welcome folks to my new update on TRX/USDT. If you are viewing my post for the first time then do hit the like button and graciously follow as well. I share updates on the crypto market including margin trading, futures, spot, and scalping. All ideas are my biased opinion and I invest in my own risk. I don't force anyone to buy or sell, I simply share my ideas absolutely for free and it is your sole decision whether to trade on it or use it to understand the market. TRX is trying hard to break above the resistance level. If TRX manages to break this level then I am expecting an 8%-10% rally. A rejection on the other hand will drop the price back to $0.058 where we can have a good buying zone keeping in mind the invalidation point. In both scenarios, I am gonna accumulate TRX. Let's see where the market leads. What do you think about TRX? Let me know in the comments. Do like, and follow for more updates. Thank you.
by Dexter_The_Trader
TRX/BTC 1DAY UPDATEWelcome to this quick TRX/BTC analysis update I have tried my best to bring the best possible outcome in this chart. Reason of trade:-TRX/BTC is triangle pattern conform and retest triangle and buy the dip. and long term hold Entry:- CMP And buy the dip in the green zone Target:- 50% to 75% Stop loss:- 0.00000149 Remember:-This is not a piece of financial advice. All investment made by me is under my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade. Happy trading. Sorry for my English it is not my native language. Do hit the like button if you like it and share your charts in the comments section. Thank you...
Long
by CryptoSanders9563
2
Tron (TRX) can go higherTRX / BTC We made very nice Profits in this coin since my last call 2 weeks ago in USD PAIR today i want share with you my TA in BTC pair weekly chart Tron restored weekly support again and try to break strong trendline resistance since 2018 Yes its high now but can go higher I expect some consolidation now before next wave but whos know when Tron can go higher if hold this weekly support (keep watching weekly candles closure ) Note : we still in resistance zone Who's bought with me at first place enjoy now 🚀 Best wishes 🙏
Long
by Babenski
27
TRX / BTC last defend area for bullsTRX /BTC 🌟 Technical Analysis 🌟 Trx after gains alot of profit last August The Price keep losing momentum and loss support after support Now trx is at last weekly support level 135-153 sats This is last defend area for trx because next potential area for support will be very deep if that broken (30 sat lol 😳) If the bulls successed to save this area ...we can see retest of strong trendline resistance since 2018 But we still cant buy now Buy blindly at support not always give a successful trades must see any bullish signs before buying Good luck and happy trading 🌹
by Babenski