Tron
TRON (TRX) - November 24Hello?
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(TRXBTC 1W Chart)
The range of 0.0000 0259 to 0.0000 0311 is the boundary between rising and falling.
Therefore, if the price stays above 0.0000 0311, it is likely to release upward force.
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(TRXUSDT 1W chart)
The key question is whether it can move above 0.06236 to break out of the long-term downtrend channel.
(1D chart)
The 0.03538-0.04437 interval determines the trend.
Therefore, if it falls, it must rise with support in the 0.03538-0.04437 range.
To turn into an uptrend, the price needs to hold at least 0.05358 higher.
At the same time, as a whole, the price should make a move to break out of the downtrend channel.
Accordingly, the key is whether the price is maintained by rising more than 0.05358 due to the volatility around December 1st.
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** All descriptions are for reference only and do not guarantee profit or loss in investment.
** If you share this chart, you can use the indicators normally.
** The MRHAB-T indicator includes indicators that indicate points of support and resistance.
** SR_R_C indicators are displayed as StochRSI (line), RSI (columns), and CCI (bgcolor).
** The CCI indicator is displayed in the overbought section (CCI > +100) and oversold section (CCI < -100).
(Short-term Stop Loss can be said to be a point where profit or loss can be preserved or additional entry can be made by split trading. This is a short-term investment perspective.)
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TRXUSDT Bullish short-term but still limited.*** ***
For this particular analysis on Tron we are using the TRXUSDT symbol on the OKX exchange .
*** ***
The idea is on the 1D time-frame where TRX has been trading within the Support Zone of the Bear Cycle (0.04460 - 0.05100) ever since the FTX crash. On the bright side it appears that it has found Support and since June 22, every time (4 times in total) it has done so within this Zone, it rebounded aggressively. The obvious limitation is the Lower Highs trend-line that started on the November 15 2021 High, which even though it broke on Nov 05, the price quickly fell below it again, remaining the strongest Resistance right now. Interestingly enough, this is where the 1D MA50 (blue trend-line) is at the moment.
The 1D MA200 (orange trend-line) has been intact since August 18 and after that, the key to a strong rally is the 0.07250 Symmetrical Resistance which has multiple rejections under its belt since January 17 2022.
A bullish signal is the fact that the 1D RSI hit and rebounded within its 23.50 - 30.00 Support Zone, which every time it got hit, initiated a strong rally. As a result, even though a short-term rebound is possible if the market conditions help, it is still limited to the 1D MA50 and the November 15 Lower Highs trend-line. In order for us to call a confirmed buy extension on TRXUSDT , we want to see a candle closing above the 1D MA200 or preferably the 0.07250 Symmetrical Resistance, which can then target with high probabilities the upper Fibonacci levels towards the 0.0930 Resistance that was previously a Double Top (May 09 and June 01 2022).
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Tron TRX - 51% crash very soon!
It's a great opportunity to short TRX on the futures market. You can short TRX on almost all exchanges. So it's very positive!
The technical analysis of Tron looks very bearish. Descending triangles are likely to breakdown with a 60% pullback rate (retest) before continuing lower.
The uptrend from 2020 to 2021 looks like a three-wave structure. It's not looking good to me. It's not going to be a surprise if TRX crashes even harder than 51%. I want to see a strong impulse wave, but this is not an impulse wave.
This chart indicates that more blood is coming for the crypto market. It's possible!
I expected a strong reaction from the POC of the previous triangle and also from the 0.618 LOG FIB. These levels are ideal for profit taking or a short-term long position.
If you hold TRX, then it can be your last chance to sell it for a pretty good price. Even a 90 percent crash is possible, believe it or not.
But I have to admit that TRX is holding its value pretty well. Unfortunately, the price is compressed in this triangle, and a huge, massive red dildo can be printed very soon!
For more ideas, hit "Like" and "Follow"!
TRXUSD ❕ 6 unsuccessful breakout attemptsAfter unsuccessful attempts to break the downtrend line TRX tests 50EMA as resistance (1H TF)
Trading volumes have declined and the price has approached the lower boundary of the uptrend channel.
I expect a fall after the price fixes under the lower boundary of the channel.
TRX looks really bad if neckline breaksWe've got a descending triangle pattern printed waiting breakout for confirmation.
TRX looks really bad if neckline breaks.
It can go down as much as 75% from the point of the potential breakout, this could imply that USDD could also go bust as Justin Sun fails in saving FTX and end up being the last man boarding titanic.
###NOT FINANCIAL ADVICE###
TRON (TRX) - November 9Hello?
Welcome, traders.
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Have a good day.
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(TRXBTC 1W Chart)
The key is whether it can move above 0.0000 0318 to find support.
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(TRXUSDT 1W Chart)
As Tron pegs the stablecoin with TRX, it becomes important to be supported in the 0.05358-0.06236 range.
Therefore, it is necessary to check whether it is supported in the 0.05358-0.06236 section.
If it doesn't and it goes down, the key is to touch the 0.03538-0.04437 section and return quickly.
(1D chart)
We need to see if we can quickly rise above 0.05989.
If not, you should check to see if there is support around 0.05358.
------------------------------------------------------------ -------------------------------------------
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
** If you share this chart, you can use the indicators normally.
** The MRHAB-T indicator contains indicators that indicate support and resistance points.
** HA SRRC indicators are expressed as StochRSI(line), RSI(columns), CCI(bgcolor).
** CCI indicator is expressed as overbought range (CCI > +100) and oversold range (CCI < -100).
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
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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
TRON (TRX) - November 1Hello?
Welcome, traders.
By "following", you can always get new information quickly.
Please also click "Boost".
Have a good day.
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(TRXUSDT 1W Chart)
The key is whether the price can hold above 0.06236 and break above the downtrend line.
(1D chart)
Important indicators are concentrated in the 0.05989-0.06532 interval.
Therefore, there is a high probability that a trend will form outside of this interval.
------------------------------------------------------------ -------------------------------------------
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
** If you share this chart, you can use the indicators normally.
** The MRHAB-T indicator contains indicators that indicate support and resistance points.
** HA SRRC indicators are expressed as StochRSI(line), RSI(columns), CCI(bgcolor).
** CCI indicator is expressed as overbought range (CCI > +100) and oversold range (CCI < -100).
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry through split trading. It is a short-term investment perspective.)
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TRON (TRX) - October 25Hello?
Welcome, traders.
By "following", you can always get new information quickly.
Please also click "Boost".
Have a good day.
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(TRXUSDT 1W Chart)
The key is whether you can climb to the 0.08034-0.08933 section.
To do this, it is necessary to confirm that it is supported and can rise in the 0.05358-0.06236 section.
(1D chart)
The key is whether it can find support in the 0.05989-0.06236 section and move higher than 0.06532.
Otherwise, it is expected to decline to around 0.05358.
------------------------------------------------------------ -------------------------------------------
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
** If you share this chart, you can use the indicators normally.
** The MRHAB-T indicator contains indicators that indicate support and resistance points.
** SR_R_C indicators are displayed as StochRSI(line), RSI(columns), CCI(bgcolor).
** CCI indicator is expressed as overbought range (CCI > +100) and oversold range (CCI < -100).
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
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TRXUSD ❕ descending triangleTRX looks oversold at the moment, but most of the indicator and the current global pattern favor a continuation of the decline.
On the 4H Timeframe the price broke down 200,100 and 50MAs.
TD Sequential indicator gave a reversal signal up (1H TF)
I believe that the asset may correct up after the fall, BUT after fixing under TRX support will continue to fall.
TRON (TRX) - October 13Hello?
Welcome, traders.
By "following", you can always get new information quickly.
Please also click "Boost".
Have a good day.
-------------------------------------
(TRXUSDT 1W Chart)
The key is whether you can climb to the 0.08034-0.08933 section.
To do that, we need to see if we can support and move up around 0.06236.
(1D chart)
The key is whether it can support and rise in the 0.05989-0.06532 section.
Otherwise, it is expected to decline to around 0.05358.
If it does, you need to check if it can move above the downtrend line (1).
If the price is maintained above the downtrend line (1), I would expect it to move above 0.07679.
------------------------------------------------------------ -------------------------------------------
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
** If you share this chart, you can use the indicators normally.
** The MRHAB-T indicator contains indicators that indicate support and resistance points.
** HA SRRC indicators are displayed as StochRSI(line), RSI(columns), CCI(bgcolor).
** CCI indicator is expressed as overbought range (CCI > +100) and oversold range (CCI < -100).
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
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💡Don't miss the great buy opportunity in TRXUSD @justinsuntronTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.06325).
. 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 an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 68.
Take Profits:
TP1= @ 0.06500
TP2= @ 0.06650
TP3= @ 0.06835
TP4= @ 0.07143
TP5= @ 0.07348
SL= Break below S2
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