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Trxbtcanalysis

TRXUSDT Price UpdateHello everyone, I’m Cryptorphic. For the past seven years, I’ve been sharing insightful charts and analysis. Follow me for: ~ Unbiased analyses on trending altcoins. ~ Identifying altcoins with 10x-50x potential. ~ Futures trade setups. ~ Daily updates on Bitcoin and Ethereum. ~ High time frame (HTF) market bottom and top calls. ~ Short-term market movements. ~ Charts supported by critical fundamentals. Now, let’s dive into this chart analysis: TRX broke above the symmetrical triangle pattern 5 days ago and has not yet been retested. The $0.1274 level holds strong resistance for TRX. For a successful rally toward Resistance 2 ($0.1431), TRX must break above Resistance 1. Failing to do so would likely result in a rejection down to the lower support level at $0.1148. The range between $0.1148 and $0.1185 can be considered the best entry for TRX. Invalidation Point: A breakdown and close below the lower supporting trendline. DYOR. NFA. Please hit the like button to support my content and share your thoughts in the comment section. Feel free to request any chart analysis you’d like to see! Thank you! #PEACE
by Cryptorphic
2
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.
Short
by fxtraderanthony
6
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 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
CAPITALCOM:TRXUSDLong
by DaveBrascoFX
3
TRX/USDT 1DAY UPDATE BY CRYPTOSANDERSWelcome to this quick TRX/USDT analysis update I have tried my best to bring the best possible outcome in this chart. Reason of trade:-TRX/USDT is triangle pattern create and buy the dip green zone and long term hold Entry:- CMP And buy the dip in the green zone Target:- 275% Stop loss:- 0.035 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
1
TRX (TRON) WILL BREAK RECENT LOWTRX (TRON) will break recent low and after that where it can go this is confusing for now because i can see 2 alt count. DISCLOSURE - Please be informed that the information I provide is not a trading recommendation or investment advice. All of my work is for educational purposes only. All labeling and wave count have been done by me manually and I will keep changing according to the LIVE MARKET PRICE ACTION. So don't bias, hope on my trade plans. Try to learn Elliott Wave or other strategies and make your own strategy. Following is not that much easy. I am not responsible for any losses if u took the trade according to my trade plans. #TRX #TRON
KRAKEN:TRXUSDShort
by anantadhungana
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
TRX fuelling up for breakoutGoing by the chart, TRX is moving in an Ascending Triangle. Going by the rules, looks like TRX has already touched point E on the chart, and in a day or two it should breakout soon. Potential entry zone should been between 0.08400 - 0.08550 and keep a stop loss at 0.8309 (3% Loss). I have also given potential profit booking zones. If you like my analysis then do drop a LIKE and a COMMENT. Also do SHARE it with your friends. Also don't forget to smash that FOLLOW button to get daily analysis of multiple crypto currencies and sometime ASX stocks. Note - These are my personal notes and in no way a financial advice. Do your own research and Trade wisely
Long
by Manjyot