🆓TRON/USDT Analysis (15/2) #TRX $TRXTRX has very good support at $0.045 and this will be the launch base for the next strong rally of TRX. However, TRX needs to conquer $0.058 zone in order to continue strong to $0.08 and $0.095 zones.
📅NEWS
👉Feb 25 : PoloniDEX Delisting
📈BUY
-Buy: 0.044-0.046$. SL if B
📉SELL
-Sell: 0.056-0.058$. SL if A
-Sell: 0.076-0.080$. SL if A
-Sell: 0.093-0.097$. SL if A
♻️BACK-UP
-Sell: 0.044-0.046$ if B. SL if A
-Buy: 0.034-0.036$. SL if B
❓Details
Condition A : "If 8H candle closes ABOVE this zone"
Condition B : "If 8H candle closes BELOW this zone"
Tron
Tron (TRX) • More upside to comeOverall Tron is looking strong. Despite the fact we hit a major resistance level it just a question of time it will be broken because volumes in general are backing up the strong moves without being extraordinary strong out of proportion.
Next target range around 0.095-0.1
TRX USD broken above key level, looks set to run highAfter recent price spike (After Justin Sun Tweet on Doge/TRX) Tron which has been accumulating over a long period looks set to pump. The price has broken above a key level and I expect it to move upward in the range of 30-50% in the next few weeks. This is fairly conservative and it could easily move higher.
This is not financial advise
Tron (TRX) - February 10Hello?
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You should watch for any movement that deviates from the 0.04390-0.04787 segment.
If you go down from 0.04390 point, you can touch 0.03998 point, so you need to trade carefully.
If you fall from 0.03998 point, you can touch 0.03209 point, so you need a short Stop Loss.
In the CCI-RC indicator, the gap between the CCI line and the EMA line is large, so there is a possibility of price adjustment.
At this point, you need to see where you are getting support.
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** All indicators are lagging indicators.
So, it's important to be aware that the indicator moves accordingly with the movement of price and volume.
Just for convenience, we are talking upside down for interpretation of the indicators.
** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator.
Hence, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula from the DepthHouse Trading indicator, an indicator that oh92 disclosed. (Thank you for this.)
** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on the chart
R: A point or section of resistance that requires a response to preserve profits
S-L: Stop Loss point or section
S: A point or segment that can be bought for profit generation as a support point or segment
(Short-term Stop Loss can be said to be a point where profits or losses can be preserved or additionally entered through installment transactions. It is a short-term investment perspective.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they do not trade 24 hours a day.
G1: Closed price
G2: Market price at the time of opening
(Example) Gap (G1-G2)
TRX/USD - Tron towards $9 cents! 🚀🚀🚀Tron broke out of its range and now is pushing higher fast.
We have one more resistance before we are clear to go to $9 cents. The momentum looks strong enough to make this quite likely and soon.
The indicators are extremely bullish and particularly on weekly timeframe we have a beautiful positive cross on MACD that will surely lead us into a great rally that can take us much higher than $9 cents.
Good to explore longs as soon as we break this resistance line and we confirm it as support.
Trade safe!
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TRX/USD - $0.081TRX had been ranging around the support zone of $0.029 to $0.032 and consolidating. As soon as it broke above the $0.032 area and moved above the trendline support zone, it started an impulsive move towards the previous high of $0.049 (Sept. 2020). This also coincides perfectly with the 1.618 fib. There is a very high probability of TRX getting rejected from this 1.618 fib. TRX will make an attempt to reach the 1.618 fib at $0.049. After rejection, it could drop down towards fib 1 and fib 0.786 at $0.041 and $0.038 respectively. Once it comes back to this support zone, it could attempt to target the higher fibs at $0.061, $0.074 and $0.081 respectively. Another possibility could be that TRX breaks the resistance at $0.049 and makes a higher move, comes back to $0.049 and test it for support, confirms an R/S flip and heads towards $0.061, $0.074 and $0.081. In either case, $0.049 area is the key section to watch.