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.
Trxusdt
TRX Ready for Parabolic Bullish Cycle ⬆BINANCE:TRXUSDT
Hi Traders, Investors and Speculators of the Charts 📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year.
After finally breaking out of triangular consolidation, TRON has confirmed a reversal after the bearish market and is starting a new bullish cycle. From the left we analyze the trend lines to get targets for the next bullrun and on the right we take a quick look at technical indicator CryptoCheck START V3.5 to confirm the bullish bias.
INCASE YOU MISSED IT : 👉 Another altcoin recently formed a bullish pattern:
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CryptoCheck
Is TRON leading the market? When will market crash?Tron has shown extreme relative strength in down market
Tron held up relatively very well. It fell less than ever bitcoin this bear market. That is a strong indication of relative demand. Important to keep in mind that not only was it relatively strong from a technical standpoint, fundamentally its users/fees was extremely relatively high. It looks like one of the biggest value plays in crypto and its moving as such.
Keep an eye on USDT for when market crashes
If USDT starts to drop then we can see cash being pulled out of the system rather than just cycling thru to either BTC or ETH (or TRX?) or TOTAL3. The rotation of capital is a nice cycle but it does always lead to eventually a net redemption of stablecoins as capital rotates out entirely to book profits and look to other markets (bonds/commodities/equities). Keep an eye on USDT for this moment!
TRON (2023) v BTC (2016)Tron (TRX) has been a legacy coin that has held its own and carved out a niche
Most legacy coins have faded away into obscurity as they've been unable to find a usecase or adoption. They may still have high market caps and may still turn things around but as of now many older coins are falling down the ranks. New coins are eating up dominance. Not for Tron. Tron has consistently been raking in fees and holding a relatively very low fee to price ratio (according to tokenterminal).
$3m in daily fees v SEED_TVCODER77_ETHBTCDATA:8B FDMC
To put into perspective.. Ethereum has had $3.4m fees in the same 24hr period and has a $200b+ FDMC. This makes Tron look wildly cheap into those isolated terms. According to Tron they'll continue using fees to burn token supply. Essentially share/token buy back program. With SEED_TVCODER77_ETHBTCDATA:1B in yearly fees and SEED_TVCODER77_ETHBTCDATA:8B in FDMC.. in 8yrs time 1 single TRX will be worth SEED_TVCODER77_ETHBTCDATA:8B (all things remaining equal.. they wont).
This creates an interesting opportunity to keep an eye on.
From a TA perspective we have a very bullish structure on TRX
This structure is reminiscent of BTC back in 2015/2016 in the build up to the 2017 bull market. Check video for more details on the technical side of things.
TRX - Bullish Setup in a Bearish MarketHi Traders, Investors and Speculators 📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫
In today's analysis, a quick video on TRON / TRXUSDT with a potential long setup with a low risk and high reward. This trade is based on the fundamentals of buy the support zone and sell the resistance zone. We also take a quick look at the volume to back up this potential trade.
While you're here ! Check out this weekly outlook on BTC 👀
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CryptoCheck
TRXUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a 4-hour-time frame analysis for TRXUSDT
As we predicted on May 18, we had a head and shoulders pattern in that chart and we predicted a pull back for the price up to the resistance area and then another fall for it in order to form the right shoulder of our pattern. Now you see that our expectation came true. At this chart, we observe a long-term support line (S2) which shows that the price touched this line several times and then it had rising trend and entered a rising trend and formed a rising channel. Although the price tried to rise again, it was not able to break our first resistance line and we just see some shadows over the first resistance line at its last try. Now the price is fluctuating below the first resistance line and we expect two scenarios for it to happen. In case the price moves above the first resistance line and fixes over this area, then it will move to our second resistance area and it faces more increase. But if the price loses its support and has a falling trend, then we will predict more decline for it down to the second support line and it will have more fall.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck
TRXUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a 4-hour-time frame analysis for TRXUSDT
The price has formed a reverse head and shoulders pattern and by the time it reaches upward to the second resistance line, it will form the right shoulder and surely we will have fall in its trend. If the price moves over the second resistance line, we will have more rise in it. But in case there is a weakness in its trend, we should wait for more decline up to the first support line.
Warning: This is just a suggestion and we do not guarantee profits. We advise you analyze the chart before opening any position.
Wish you luck
TRXUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
We are in the daily time frame. The price has hit our support line two times and was supported. Now it is moving between the support line and the first resistance. We expect the price to come down to the support line and move back up to the resistance zone. But if the price does not receive support, it will move further down. If any of the resistances are broken, the price will move up higher.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck
TRON (TRX) Price to Double in Value? 99% In ProfitIn one of my previous videos, I mentioned that there was likely going to be a correction. The correction indeed happened. However, it looks like the asset is bouncing off of MA200 and is not going down to MA65. One of the reasons why this is happening could be the fact that the entire market is recovering right now. So, some assets are climbing up higher than others. TRX is on the slower-moving end.
TRON Most Probably Will Fly 🚀🚀🚀📈 TRX/USDT| Potential Downward Movement
💡 Sell Limit Order @ 0.07724
🎯 Target Profit 0.07145
🛑 Stop Loss 0.08012
❌ Do not risk more than 1% of your account on each trade
Description:
The coin succeeded to break the bullish channel to the downside by posting a series of bearish candlesticks. A higher correction is expected toward the highlighted zone, where a reversal might be seen, and then a move downward to the target profit.
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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
DMF vs TRX/USDT - A One-Month Performance Study - July 2019Hey Traders!
Today we're looking at how the Directional Momentum Flux Strategy (DMF) performed against the TRON/TetherUS (TRXUSDT) trading pair on Binance during a study period consisting of the entire month of July, 2019. TRXUSDT had a choppy month, with monthly highs and lows ranging by more than 40%, and DMF was able to identify many momentum inflection points and generate a solid return. Check out the video and join the discussion below!
Happy trading!
Links:
Directional Momentum Flux Strategy
Is this the bottom for TRX/TRON ?it's mainly for swing trading, i use the 3 day / 15 day / monthly charts with it and it works perfectly,
it works good for stocks and cryptocurrency.
you will use heiken ashi chart style and turn on the EMA DOTS indicator.
once the indicator is on you will hide the heiken ashi so you only see the dots.
when a green dot -0.53% -7.44% appears you buy, if a green dot -0.53% -7.44% appears after that green dot -0.53% -7.44% you hold your investment.
if a red dot appears you sell your position. easy as that.
the standard dots setting will be set to 10 - use this for any chart above 3 days
change the dots setting to 6 for 3day charts and below
shorter time frames will be choppy.
larger time frames will be smooth.
*Daytrading smaller timeframes is possible but not recommended.