TRX 1D Draws "Head and Shoulders" and down?Let's take a look at the global picture of TRXUSDT
It can be seen from the graph that from September 2020 to February 2021 TRX was actively purchased in the range of $0.025-0.035.
And then, after such a consolidation, a logical shot up. The market managed to raise the value of TRXUSD by 500% - whether it is a lot or a little for TRX investors we don't know, we are simply stating a fact.
During the last month, the price of TRXUSDT has been drawing a pattern similar to H&S. Falling volumes during the last trading month strengthens the possibility of working out this pattern.
What we can expect from the Tron price in the future?:
1) The critical level from above $0.155, if it cannot be broken upwards, then a strong fall in the TRXUSD price cannot be avoided.
2) The base of the theoretical H&S is in the area of $0.10 and if the price pierces it down , then the first liquidy zone that will meet a fall will be $0.05-0.06
3) Most likely in the zone of $0.05-0.06 there will be a consolidation, where it will be decided: the price of TRXUSDT will rise again to $0.10 or fall even lower to $0.025
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Trxusdidea
TRX/USD LONG SET UP (TRON ROCKET) HODLBuy TRX/USD
Entry 1 .02700
Entry 2 .02400
Tp.1 .03000
Tp.2 .03400
Tp.3 .03900
Tp.4 .04400
TP.5 .0560
TP.6 .0800
ORE THAN 60% OF TRON HOLDERS & 25% IN DISTRIBUTION WALLET & BINANCE CEO OWNS MAJORITY % OF COMPANY SHARES FOR TRON.
ALL TRON ICO HOLDERS WAITING FOR THE FAT PAYDAY
STARTING JANUARY 1ST 2020 THEY BEEN WAITING TWO YEARS
You Can Now Stake Cardano and TRON on eToro’s Trading Platform
TRXUSDt AnalysisHello friends.
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Everything on the chart.
until we are higher than 0.0165 we're bullish
i tend more for long (im in pos from 0.0173 and put 1 more buy limit order on 0.0169)
targets: 0.019 and 0.02
after first target reached move ur stop to breakeven
stop: under 0.0165 (depending of ur risk). ALWAYS follow ur RM .
Good luck
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Could TRX/USD Leave the Range?TRON's TRX has settled in a tight range recently. The Relative Strength Index (RSI) avoided the oversold.
Looking technically, we will need to see a sustainable move above $0.0148 in order bulls to gain momentum. Once this resistance is out of the way, psychological $0.0150 (H4 100 SMA and the middle line of the daily Bollinger Bands) will be the next target. But failure to move back through the today high $0.01437, where is located also the resistance trend line, could weigh heavily during the day.
On downside, first support is the psychological $0.0140 level combined with the lower line of H4 Bollinger Bands. A clear break bellow it will bring further downward pressure and could lead the bears for re-testing November's lows at $0.01296 and $0.01283.
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