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Is TRX on the Brink of a Major Reversal?Yello, Paradisers! #TRX is approaching a crucial resistance zone between 0.1690 and 0.1730, a region that has acted as a ceiling since 2021. This #TRXUSDT's level’s historical significance hints that long-term sellers could re-enter the market, drawn by its psychological impact on traders. 💎Further supporting this cautious outlook is the bearish divergence appearing on the charts, suggesting that bullish momentum may be faltering. This sets the stage for a potential correction, as bulls may struggle to maintain their push through this significant resistance. 💎Should bulls face rejection around the 0.1685 to 0.1730 resistance zone, sellers could seize the opportunity, pushing TRX down towards the 0.1620 level. Following this price faces a pivotal challenge from the ascending support at 0.1580. A breach of this support would signal an intensified phase of profit-taking, setting the stage for a drop to the critical support region between 0.1420 and 0.1395, where significant short-covering could emerge. 💎While the probability is lower, sustained selling pressure could extend the corrective phase even further, eyeing targets between 0.1240 and 0.1215. This would mark a deeper retracement, emphasizing the need for traders to monitor these developments closely. Stay sharp and disciplined, Paradisers. The market is at a pivotal juncture, and only those with a well-crafted strategy will navigate it successfully. MyCryptoParadise iFeel the success🌴
Short
by MyCryptoParadise_Jack
1
TRON | TRX TRX Suddenly Jumps 10%, but Why? The price of TRON is $0.084 today with a 24hour trading volume of 777 million dollar. This represents a 10% price increase in the last 24 hours. TRON founder Justin Sun made it known on Twitter that TRON has expanded its reach by going live on the Ethereum blockchain by leveraging the BitTorrent bridge. "TRX is now fully accessible within the Ethereum ecosystem," the TRON founder added. Onchain analytics highlights that crypto is seeing a bullish end to the week. This comes as the majority of crypto assets are trading in green at press time after earlier declines in the week. TRX has been on a steady rise since March 22 after its price hit lows of $0.055. The move gained immense traction on June 2 as TRX exploded from lows of $0.074 to reach highs of $0.084 I opened long position at 0.049 and going to take huge profit right now.we can have pullback at 0.087 so no fomo. trade with strategy
by moonypto
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. Please Note That The Only Purpose of The Information On This Page is Purely Educational. I Would Welcome Your Participation And Support in the Form of Likes, Comments, And Follow us to Offer Some Encouragement. Thank You.
Long
by SuccessStrikes
1
TRON's Wave 1 & 2 of current cycle over with. What Next?I believe that this cycle's wave 1 and its correction are done. Wave 2 being a shallow correction at Fib 0.236 gives us some clues as to what to expect next. Here's why I believe Wave 1 and its corrective wave 2 are past us and how wave 3 has already begun. RSI bearish divergence (usually happens between the tops of wave 3 & 5 price action) Correction to a significant fib level 0.236 RSI's significant correction and confluence at Fib .5 and RSI level 50. And yes you can definitely apply Elliott Wave theory to the RSI signal, which I rarely see being applied here on TV. It helps confirm not-so-obvious EW charts. So what do I expect to happen next? Either upcoming wave 3 or wave 5 will extend reasonably. I'm putting my money on wave 3 but won't rule out 5. The recent meme mania on TRON is shaping up quite nicely and could be the precusor of the extension and explosive price growth.
Long
by sucky
Tron Overtakes Cardano: Is This the Beginning of a Bullish Run?The cryptocurrency market has been a rollercoaster in recent times, with various digital assets experiencing significant price fluctuations. In a surprising turn of events, Tron (TRX) has managed to outperform its rival, Cardano (ADA), with a remarkable price surge in the past week. This unexpected development has caught the attention of investors and analysts alike, sparking speculation about TRX's potential for further growth. One of the most compelling indicators of investor interest is the open interest, which represents the total number of outstanding derivative contracts for a particular asset. In the case of Tron, the open interest has skyrocketed by a staggering 52% in the last 24 hours. This substantial increase suggests a growing appetite for TRX among traders, potentially fueling further price appreciation. The surge in open interest could be attributed to several factors. Firstly, the recent price rally of TRX has undoubtedly attracted the attention of investors seeking outperforming assets. Secondly, the underlying fundamentals of the Tron network, such as its focus on scalability and decentralized applications (dApps), may be gaining traction among developers and users. If TRX manages to close a weekly candle above the crucial $0.15 resistance level, it could signal a significant shift in market sentiment and potentially trigger a more extended bullish trend. Breaking through this resistance would indicate strong buying pressure and could pave the way for TRX to challenge higher price levels. However, it's essential to approach this development with caution. The cryptocurrency market is highly volatile, and past performance is not indicative of future results. While the current trends for TRX appear promising, several factors could impact its price trajectory. These include broader market conditions, regulatory developments, and the overall adoption of blockchain technology. As with any investment, conducting thorough research and due diligence is crucial before making any decisions. Investors should carefully evaluate the risks and rewards associated with TRX and consider diversifying their portfolios to manage exposure to market volatility. In conclusion, Tron's recent outperformance of Cardano and the surge in open interest have generated excitement among investors. While the potential for a bullish breakout exists, it's essential to maintain a balanced perspective and consider all factors before making investment decisions. The cryptocurrency market remains unpredictable, and staying informed about market trends and fundamental analysis is vital for navigating its complexities.
BINANCE:TRXUSDLong
by bryandowningqln
1
TRX is in a dangerous placeThis analysis is an update of the analysis you see below in the "Related Ideas" section. The triangle of the previous analysis is still standing and only the D wave has become more time-consuming. We expect the formation of wave E from TRX. It can be rejected from the supply range to the green box. The targets are marked on the picture. Closing a daily candle above the invalidation level will violate the analysis. For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
by behdark
3
Need to check if the rise can continueHello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- (1M chart) It fell near the Fibonacci ratio 1 (0.13571) and touched near 0.10447 and is currently maintaining the price. - (1W chart) The key is which section it deviates from among the support or resistance sections shown on the chart. The current medium- to long-term trend is maintaining an uptrend, but if it falls below 0.10447, it is judged that it is likely to turn into a downtrend. - (1D chart) Therefore, the key is whether the price can be maintained by rising above the sell line of the superTrend indicator. If not, you should check for support near the box section of the HA-Low indicator on the 1D chart. You should check whether the price can be maintained by rising above the Fibonacci ratio of 0.786 (0.11732). The key is whether the price can be formed by maintaining the bottom section near the HA-Low indicator on the 1D chart. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that a full-scale uptrend will begin when it rises above 29K. The section that is expected to be touched in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 13401.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points where resistance is likely to occur in the future. We need to check if these points can be broken upward. We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
TRX ( TRON ) tm:1hHello traders. I hope you doing well. These areas are based on my personal strategy and I will share it with you. Open a sell position on the supply area or open a buy position on the demand area. Your entry point, stop loss, and target point are based on money management and the amount of money in your trading account. But I promise you that by trading in the areas of my trading strategy, you will definitely make a profit, because these areas, although they seem simple, are my experience of 8 years of learning and trading. I hope you will achieve maximum continuous profit with me by using supply and demand areas. Good luck traders. Mohammad Goodarzi
by itsbluemorpho
TRX is pumping. Time to buy? Here is whyTRX is going higher on the weekly chart. We have a reliable uptrend without any issues, and the trend should continue in the next few weeks. On the chart, you can see a descending triangle that broke bullishly. What does it mean? Usually, when a descending triangle breaks bullishly, we want to buy it with a profit target at the top of the triangle, which is at 0.18 USDT. This is where you want to take a profit before a huge bearish correction. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades! Trading is not hard if you have a good coach! TRON has positioned itself as an environment where content creators can connect with their audiences directly. By eliminating centralized platforms — whether they are streaming services, app stores or music sites — it is hoped that creators won’t end up losing as much commission to middlemen. In turn, this could also make content less expensive for consumers. Given how the entertainment sector is increasingly becoming digitized, TRON could have a headstart in applying blockchain technology to this industry. The company also says that it has a talented and experienced developer team, based around the world, that has been drawn from major companies such as Ripple Labs. Last but not least, whereas some other blockchain projects can be opaque about their plans for development, TRON offers a point of difference by delivering a roadmap that shows its intentions for the coming years. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades!
Long
by Xanrox
8
TRX's Next Bull Run Will Melt FacesTRX has never held this strong compared to other bull runs. It's printed an interesting 3-year old bull flag. And if the price holds well above and retests with conviction, we could see the start of an impulsive wave next. TRX has historically been the punching bag of negative sentiment in crypto and that is changing. Justin Sun has recently embraced his bias and has gone fully decisive with the introduction of the offshore Chinese Yuan (CNH) support and going as far as touting its strength vs $USD. I put my TP for the next bull run. The price puts TRX at a MC of $128B or 10x its MC from the previous ATH. 10x is in my opinion a conservative figure in crypto. If there will be a blow off top then TP2 is it IMO. Not Financial Advice
Long
by sucky
14
Touching the HA-Low indicator means...Hello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- (TRXUSDT 1M chart) It appears that a new HA-High indicator is about to be created. Accordingly, we need to check whether the HA-High indicator is generated at the 0.10447 point. If the HA-High indicator is created at the 0.10447 point, the key is whether it can be supported and rise around that area. (1W chart) The key is whether the price can be maintained by receiving support in the current section and rising above 0.13052. If not, and it falls below 0.786 (0.11732), it is likely to fall to around 0.618 (0.10288). If it falls like that, there is a high possibility that it will turn into a downward trend, so you need to think about ways to respond to the decline. (1D chart) The HA-Low indicator was first touched on August 20, 2023, and then again on March 21, 2024. Accordingly, the key is whether it can be supported and rise around 0.12002, which is the point where the HA-Low indicator is currently formed. The HA-Low indicator is an indicator that indicates the boundary of the low point section. Accordingly, support from the HA-Low indicator can be said to mean that a bottom section is forming. If it falls below the HA-Low indicator, it means that the low point is renewed, and a cascading decline is likely to continue. Therefore, a trading strategy should be created depending on whether support or resistance is found around 0.12002, which is the currently formed HA-Low indicator point. Since the MS-Signal indicator is formed around 0.12296, the key is whether it can rise above 0.12296. If that happens, there is a high possibility that it will rise near the HA-High indicator, so there is a possibility that it will rise to around 0.13997, which is the point where the HA-High indicator is currently formed. However, as the price rises, there is a possibility that a new HA-High indicator will be created, so if a new HA-High indicator is created, support must be received near it to continue the upward trend. TRX is one of the coins that is expanding the coin ecosystem. I think it will be a good textbook for expanding the coin ecosystem I selected and understanding the trend as the first coin to touch the HA-Low indicator. Have a good time. thank you -------------------------------------------------- - The big picture The full-fledged upward trend is expected to begin when the price rises above 29K. This is the section expected to be touched in the next bull market, 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (when overshooting) 4th: 13401.28 151166.97-157451.83 (when overshooting) 5th: 178910.15 These are points that are likely to encounter resistance in the future. We need to see if we can break through these points upward. Since it is thought that a new trend can be created in the overshooting area, you should check the movement when this area is touched. #BTCUSD 1M If the general upward trend continues until 2025, it is expected to rise to around 57014.33 and then create a pull back pattern. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
TRX Achieves Third Target with a 74% Surge! 🚀🚀 Exciting news for TRX enthusiasts! The TRX cryptocurrency has successfully hit its third target, experiencing a remarkable 74% surge. The current price stands at an impressive $0.011349, marking a significant milestone in TRX's upward trajectory. Traders and investors are buzzing with anticipation as TRX continues to showcase its resilience and potential for substantial gains. Stay tuned for further market insights and potential opportunities in this dynamic digital currency landscape. #TRX #CryptoSuccess
Long
by SafeCryptoSignals
3
Why +208% on TRX is an underestimation ?#TRX/USDT Analysis Description --------------------------------------------------------------- + TRX has been moving upwards slowly while forming the cup pattern. + This slow move of the TRX has given it enough time for the accumulation + Once the price breaks this resistance line i'm expecting back to back God Candles. + This is a good opportunity to enter a LONG position with TRX. --------------------------------------------------------------- VectorAlgo Trade Details ------------------------------ Entry Price: 0.13866 Stop Loss: Below 0.09780 ------------------------------ Target 1: 0.17930 Target 2: 0.22480 Target 3: 0.30028 Target 4: 0.43250 ------------------------------ Timeframe: 1W Capital: 1-2% of trading capital Leverage: 5-10x --------------------------------------------------------------- Enhance, Trade, Grow --------------------------------------------------------------- Feel free to share your thoughts and insights. Don't forget to like and follow us for more trading ideas and discussions. Best Regards, VectorAlgo
Long
by VectorAlgo
6
Could TRON #TRX 6X v #BITCOIN TRXBTC has very good market structure (higher high's , higher lows's) for the past 3 years. Overlooked , & under-appreciated it seems like, in my view on it's sentiment on Justin's success of network adoption. We can see a clear Inverse head and shoulders with a very key neckline level that if broken with strength could a indicate a run at the LOG target. A disappointing TRX may only reach the linear target and not much beyond. My TRXUSD chart which I am watching also does point to a stellar Bull market for TRX
Long
by BallaJi