Market Outlook: Positive Trends in TRX/USDT Suggest Bullish!Hello Traders,
Just Breaked The Resistance Zone And Taking Support And There is A Potiential Chance To Go Upside!
We have one Resistance Zone, and 2 Supply Zones. The Price Breaked The Resistance Zone, And Becames The Support Zone, Take Entry While Retesting OR Pullback of The Move.
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Tron (TRX) completed a setup for upto 20.50% pumpHi dear friends, hope you are well and welcome to the new trade setup of Tron (TRX).
Previously we caught 10% pump of TRX as below:
Now on a daily time frame, TRX with Bitcoin pair has formed a bullish Cypher move for the next pump.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
TRX signal#TRON :small_red_triangle_down: moves in an ascending channel in the daily time frame and is in correction mode in the 4-hour time frame.
The price is close to the $0.11120-$0.10520 support area, which is a strong demand area.
Its long-term trend is upward, and the short-term trend is downward. To stabilize the upward trend in the 4-hour time frame, the price must break the dynamic resistance.
TRX Tron Technical Analysis and Trade Idea PLUS My Trading Plan In this video, we delve into a comprehensive technical analysis and trading concept for TRX (Tron). Our assessment reveals a potential trade opportunity. We meticulously analyze the current price action, closely scrutinize market structure, and incorporate market dynamics. Based on favorable conditions, we identify a potential entry point. However, it is crucial to underscore the significance of implementing robust risk management strategies. Please note that this video is purely educational and should not be construed as financial advice.
Cryptolean Tron TRX UpdateTron is having a bearish pullback and trading in the daily range zone where we will continue to see a slow and choppy price action.
A bullish reversal from the current price location reclaiming $0.132 will result in a slow upward move to $0.138.
A confirmation of a break-out of $0.132 will push TRX price towards $0.126.
Intraday Chart
The TRXUSDT 4-Hour chart is bearish and re-testing $0.132, an intraday resistance.
A bearish rejection of $0.132 will result in a bearish dip of Tron price towards the key intraday support zone of $0.128-$0.13which, in turn, could lead to a strong bullish rejection of this support zone.
A bullish break-out of $0.132 will push price higher to $0.134.
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TRXUSD Support Channel UpAMEX:TRX perform a good bullish wave, and reach channel up support.
This is a good moment to enter and follow bullish market at TRX.
we can buy now around 0.13620 or wait after bullish confirmation trendline broken up.
I will update this analysis if I found a new key level.
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Happy trading, Good luck
Tron (TRX) completed setup for upto 16% pumpHi dear friends, hope you are well and welcome to the new trade setup of Tron (TRX) with BTC pair.
Previously we caught more than 10% pump of TRX as below:
Now on a daily time frame, TRX formed a bullish AB=CD move for the next pump.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
Tron, 5 days consolidationAMEX:TRX inside ascending triangle and already touch fibonacci support 0.10212
this coin already enter accumuation with 5 days and 12 hours consolidation,
you can see I also draw bullish trendline,
in the next hours (not more than 12 hour), this coin will rally to reach triangle resistance,
maybe with little a pump, that indicate the consolidation time already over.
The worst case is fibonacci support at 0.10212 break down, if this happen, I still have ascending triangle support trendline.
My entry :
.10310 current price
.10212 fibonacci support
.10018 Higher low
Target : .11017 Ascending triangle resistance
Risk every entry : .00100
Risk reward ratio : 6.54
Actual profit percentage : 654%
Good luck, happy trading.
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.
TRX TRONUSD UPWARDS POWERFULL BULL TRENDWhat is TRON?
TRON’s tagline is to “decentralize the web,” and its ecosystem consists of several decentralized applications, some of which are quite well known. However, its primary purpose is to decentralize the content creation and distribution industry, which has received criticism for its censorship and unfair revenue distribution. To this end, TRON provides several tools alongside its protocol to ensure more democratic content creation processes.
Some examples of centralized platforms that have censored videos and held a particularly strong revenue distribution control include YouTube. Indeed, the latter has censored several videos related to the cryptocurrency industry. Monetization is also a commonly discussed pain point related to YouTube. For many whose income depends largely on content, this can have a serious impact on their lives.
The TRON network actually features a number of cryptocurrencies, including BitTorrent Token (BTT), JST, and a TRC-20 based version of the Tether (USDT) stablecoin. TRON has outlined a set of Dapps that work with these tokens, and with BTT at least, that includes BitTorrent Speed, BitTorrent File System, and DLive.
Just (JST) is TRON’s DeFi-focused asset that powers a suite of related services. Within its remit is a stablecoin called JustStable (USDJ); JustLend, a lending platform; and JustSwap, a means to exchange to TRC-20 tokens.
What makes TRON stand out?
On the face of it, there isn’t much that separates TRON from its competitors. After all, all of them could just as well build Dapps that support the same goal as that of TRON. Indeed, many of them already do.
However, with a more focused approach on this matter, TRON perhaps stands a chance to gain ground in this specific niche. With interoperability becoming a focal point of general blockchain development, this could perhaps further cement TRON’s position as a content-focused network.
The unique selling point of TRON is that content on the network can be accessed by anyone, anywhere, with the prerequisite of an internet connection. This helps transcend censorship measures imposed by governments or companies. Several countries with totalitarian governments restrict websites and platforms, and TRON can help in this battle against censorship.
Technical Analysis:
Price has memory. That is a key concept in technical analysis.
One of the basic tenets of the study of price history is “support broken, tends to act as resistance.” The opposite is also a technical analysis maxim, “resistance broken, tends to act as support.” Have you ever considered why you see this play out on a chart so often?
It is simple, it is because of the “anchoring bias.” Briefly, the anchoring bias is the human tendency to rely heavily on the first piece of information encountered when making decisions and then use that initial piece of information to make future decisions.
Think of the price you may have personally paid for a stock. You tend to base your future decisions about that stock based on your purchase price. We calculate risk from that level and we measure our return based on that entry price. For better or worse, we are “anchored” to the price we paid.
Price charts are used in an attempt to understand the collective reasoning and psychology of the participants so we can objectively prepare our trading plan. In the case of traditional (horizontal) support being broken and then acting as subsequent resistance, the more participants who are “anchored” to a price level, the greater a move will become when there is a break of that price point. When price breaks a major level of support, the “trapped longs” will have a propensity to look to get out at “breakeven” the supply from these participants helps to form resistance.
In a trending market, the classic horizontal support and resistance levels are not always obvious. If we want to measure price memory from an “event” the Anchored Volume Weighted Average Price tool is the most effective means to accomplish this task.
First, let’s define an “event.” In the markets, I consider a significant event to be any date from which price movement began or reversed. A short list of such events could be: earnings dates, week to date, month to date, year to date, FDA announcements, Fed announcements or just simple swing highs and lows.
YELLOW ARROWS: These VWAPS were anchored off of significant pullback lows, notice how buyers emerged to defend these levels on subsequent pullbacks. Notice that the longer the anchor point is on the chart, the less sensitive to current price action it will become.
The AVWAP is not just useful on longer term timeframes, it can also reveal some key insights about market behavior on intermediate and shorter-term timeframes
After gapping lower, buyers took control of the TRX and the AVWAP from that swing low provided intraday support on a panic selloff
As buyers became more aggressive on the gap higher, this AVWAP was briefly violated in early December, but then proved to be a good support level as prices stabilized near 0.59
Because of its moving property, the AVWAP can be analyzed in ways like a traditional moving average. Some considerations when using this indicator include; direction and slope of the AVWAP, how far above or below price action is in relation to the AVWAP, etc.
A robust indicator such as AVWAP can be implemented into any trading analysis or strategy. Experiment with various anchor points in you targeted markets and stocks and you will immediately recognize its value. As a stand-alone study or when viewed with other oscillators and indicators, the AVWAP is likely to become one of your favorite analysis tools.
S1 0.61
S2 0.54
S3 0.48
On May 9th 2023 the Donchian Channel breakout has been confirmed by high volatility and volume, RSI +68,a strong sign that the breakout is valid and promissing to start the uptrend
Trx scraping the bottom of the barrel Tron is still rock bottom and as you can see still moving up dragging itself along the bottom of this channel.
So what to expect is constant gains in large percentages to break free from the uptrend line for Tron to have room for a healthy trade environment.
Therefore Tron is way undervalued. Expect the bullrun to begin, and I believe Xrp has started it.
#TRX/USDT on the verge of a Breakout in Weekly.This coin has been trading sideways since June 2022.
A breakout is likely.
Zooming in on the Daily Chart A clear Breakout is visible.
The upcoming weekly close will clear more doubts eventually.
A weekly close above the .07 level will trigger a Bullish rally.
Recommended Entry:- .061 to .066
Targets:- 0.088, 0.097, 0.114, 0.126, 0.1412
Stop loss:- 0.05272
Please observe the chart for more details.
Let me know what you think in the comments.
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Resistance becomes Support!We've waited such a long time for this moment with Tron. Seems to be the narrative with a lot of altcoins right now. Huge falling wedges that are now starting to breakout.. eg. Xrp.. Vechain etc! Utility tokens! Although Trx seems to be a bit further ahead in the charts, so I expect Tron to start moving first! Get ready!
Trx set to make quick recovery from break to the downside.Back in October 20th I mentioned Tron had a chance to breakout to the downside and if so it will make a quick recovery back to the upside. So far we've had this temporary setback as foretold, and therefore we expect a quick recovery from here on. So far looking promising 👌 😀
Tron (TRX) formed a big bullish Shark | A Good long OpportunityHi dear friends, hope you are well and welcome to the new trade setup of Tron ( TRX ) with US Dollar pair.
Previously we cauth a nice pump of TRX:
Now on a 4-hr time frame, TRX has formed a bullish Gartley pattern. At the moment after the completion of the final leg the priceline is slightly moved up, therefore, we can wait for the price correction to catch it from the buying zone.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
The upside potentiality of Trx is mind blowing 🤯 If there were any time to buy Trx, then it would be the most opportunistic moment right now. The risk to reward ratio is somewhere in the range of 20,000% from where we currently are in the price.
I really don't see Trx going any lower. Buy and hold all, we're in for an interesting roller-coaster ascent 🎢
Trx still trading in the Zone!It's amazing how accurate these signals are pushing upwards along the trend line based on previous signals. Still a danger Trx can fall downward, but it would be a temporary setback that I believe would recover in quick time if we see that scenario.
So therefore I'm still bullish for Tron! We have so much upside potentiality that it's long overdue.
I'm surprised not many people talking about Tron when it has such a large Asian and worldwide market! This is already Eth 2.0.
TRX - Bullish Setup in a Bearish MarketHi Traders, Investors and Speculators 📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫
In today's analysis, a quick video on TRON / TRXUSDT with a potential long setup with a low risk and high reward. This trade is based on the fundamentals of buy the support zone and sell the resistance zone. We also take a quick look at the volume to back up this potential trade.
While you're here ! Check out this weekly outlook on BTC 👀
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