Tron TRX Bearish SentimentNext week we have the FOMC meeting.
Most likely the Federal Reserve will raise rates by 75 basis points. In case of 100 basis points increase, i expect a sell-off in the markets.
Major cryptocurrencies have seen heavy coin inflow into exchanges recently.
I expect a strong sell pressure next week.
TRX/USDT short
Entry Range: $0.060 - 0.065
Price Target 1: $0.057
Price Target 2: $0.052
Price Target 3: $0.047
Stop Loss: $0.075
Tron
TRON (TRX) - September 15Hello?
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(TRXUSDT 1W Chart)
The key is whether it can find support and move higher near 0.06236.
(1D chart)
The key is whether the HA-Low can support and move higher within the 0.05989 point near the long horizontal line and the +100 index at the long horizontal line at 0.06532.
In other words, it is necessary to check whether it can be supported in the 0.05989-0.06532 section.
It is moving down from 0.06532, entering a long-term bearish channel.
Therefore, it is important to get out of the bearish channel quickly.
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** All descriptions are for reference only and do not guarantee a profit or loss in investment.
** The MRHAB-T indicator, which is inactive on the chart, contains indicators that indicate support and resistance points.
** Background color of Long/Short-S indicator: RSI oversold and overbought sections
** Background color of CCI-C indicator: When the short-term CCI line is below -100 and above +100, oversold and overbought sections are displayed.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
(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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TRXUSDT 3d Two TRX price motion scenario by the end of 2022TRXUSDT is probably one of the most indifferent or anarchic trade couples. It took 2 months since the publication of our previous idea, and nothing has changed on the schedule.
The price of TRXUSD did not respond to either the growth or the fall of BTCUSDT price and the crypto market of all, but simply moves steadily to the right.
So today we will only refresh the conditions from the previous idea.
1. Currently, the TRX price is traded above $0.06, respectively, the assumption of accumulation of a large position in force.
The first possible growth stage is possible up to $0.09.
In the event of a crypto market into a growth trend, the Tron price can continue the growth of the blue scenario to $0.17.
2. In the event of a sharp drainage of cryptocurrencies, you can put limit orders for purchase in the liquidity area of $0.047-0.052.
If from this liquid zone the price does not sharply up, but will try to fix below it, then the TRX will have to come out, because the chance to collapse more down will be very large.
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TRON (TRX) - August 31Hello?
Welcome, traders.
By "following", you can always get new information quickly.
Please also click "Like".
Have a good day.
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(TRXUSDT 1W Chart)
The key is to keep the price above 0.06236.
If not, there is a possibility that it will move down to around 0.04437.
(1D chart)
Bollinger Bands (60) contracted.
Therefore, we expect large volatility to occur in the near future.
This volatility is likely to start off the 0.05989-0.07311 interval.
- The Stoch RSI indicator is showing a downward trend rather than rising to the overbought zone.
It can be seen that the power for ascent is weak.
So, if it does not find support above 0.06703, it is likely to lead to further declines.
------------------------------------------------------------ -------------------------------------------
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
** The MRHAB-T indicator, which is inactive on the chart, contains indicators that indicate support and resistance points.
** Background color of Long/Short-S indicator: RSI oversold and overbought sections
** Background color of CCI-C indicator: When the short-term CCI line is below -100 and above +100, oversold and overbought sections are displayed.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
(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 Expands, Support at $0.061 and TRX in a Bear BreakoutPast Performance of Tron
TRX prices are moving horizontally, bearish at spot rates but firm against the strong wave of selling pressure. Sellers remain in charge but for trend continuation below $0.061, there must be a high volume, wide-ranging bear breakout for confirmation. Before then, depending on the breakout direction in the current formation, sellers are in the lead, and risk-off traders may search to unpack on every attempt higher towards the August 26 highs.
#Tron Technical Analysis
TRX is within a bear breakout pattern, and sellers are in the driving seat despite the recent sideways movement. The rejection of lower lows and rejuvenation of buyers in the days ahead, pushing prices above $0.065, could ignite demand, qualifying the August 26 bar as climactic. However, before then, sellers may unload on every pullback towards this reaction line, targeting $0.053 in the medium term expecting a drop below last week's lows in a bear trend continuation pattern. Their confidence is in the fact that the wave down is with high participation. Besides, prices are banding along the lower BB suggesting strong bear momentum.
What to Expect from #TRX?
TRX is under pressure and is down roughly 13 percent from August 2022 highs. In the days ahead, there must be a strong surge above $0.065 for buyers to take charge. If not, any drop below last week's critical support levels may force TRX lower in subsequent sessions.
Resistance level to watch out for: $0.065
Support level to watch out for: $0.061
Disclaimer: Opinions expressed are not investment advice. Do your research.
TRON (TRX) - August 18hello?
Welcome, traders.
If you "follow", you can always get new information quickly.
Please also click "Like".
Have a good day.
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(TRXUSDT 1W Chart)
If the price is maintained above the 0.05358-0.06236 range, the uptrend is expected to continue.
(1D chart)
Primary resistance: 0.07311
Secondary resistance: 0.08034
1st support: 0.06703
2nd support: 0.05358-0.06236
In order to continue the uptrend, it should find support and move higher near 0.06703.
------------------------------------------------------------ -------------------------------------------
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
** The MRHAB-T indicator, which is inactive on the chart, contains indicators that indicate support and resistance points.
** Background color of Long/Short-S indicator: RSI oversold and overbought sections
** Background color of CCI-C indicator: When the short-term CCI line is below -100 and above +100, oversold and overbought sections are displayed.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
(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.)
---------------------------------
TRON (TRX) - August 8Hello?
Welcome, traders.
By "following", you can always get new information quickly.
Please also click "Like".
Have a good day.
-------------------------------------
(TRXUSDT 1M Chart)
In the long term, keeping the price above 0.05358 is key to sustain the uptrend.
(1W chart)
Resistance: 0.08034-0.08933
Support: 0.05358-0.06236
In order to show an upward trend from a mid- to long-term perspective, the price needs to be maintained above the HA-High indicator.
To do this, you need to shake it up and down to make the HA-High indicator fall or rise above the HA-High indicator.
(1D chart)
Primary resistance: 0.07311
Secondary resistance: 0.08034-0.08933
1st support: 0.06703
2nd support: 0.05358-0.06236
Whether it can move higher than 0.07311 is the key.
Since they are holding an uptrend on the 1M chart, i.e. long term, the key is whether they can turn into an uptrend in the short and medium term.
------------------------------------------------------------ -------------------------------------------
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
** The MRHAB-T indicator, which is inactive on the chart, contains indicators that indicate support and resistance points.
** Background color of Long/Short-S indicator: RSI oversold and overbought sections
** Background color of CCI-C indicator: When the short-term CCI line is below -100 and above +100, oversold and overbought sections are displayed.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
(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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