Trxusdt
TRON (TRX) - June 8hello?
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(TRXUSDT 1W Chart)
From a mid- to long-term perspective, if the price holds above 0.07192, we expect the uptrend to continue.
However, the key issue is whether it is supported by rising above 0.08631, the primary resistance section.
(1D chart)
If it finds support and rises in the 0.08223-0.08631 section, it is expected to surge.
So, the key is whether it can move higher than 0.08631.
(buy)
- After confirming the support in the section 0.08223-0.08631
(Stop Loss)
- When resistance is received by falling in the range of 0.07451 - 0.07679
- When it falls below 0.07070
(Sell)
- When receiving resistance in the range 0.11228-0.12526
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(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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TRX gonna be 0.065 $ again ?hello
I wish you have a wonderful day.
.....
TRX was one of the best cryptos in 2022 in my opinion.
it managed to recover itself from 0.06 $ to almost 0.09 $.
I think the price will test the up trendline 1 more time because if you look at the TRX/BTC chart it reached the resistance and got rejected for now.
if it manages to break the resistance on the BTC pair, it's possible to break up in the USDT pair as well.
in that case first resistance level would be 0.12$
.....
not financial advice!
please, share your ideas with me
I would like to see what do you think about any cryptocurrency <3
have a great day.
Tron USDT Up or down, time will tell. These are suggestions for what might happen.
You could already buy around now, if you have low leverage and can have some space for stop loss.
Or you could wait and see if price breaks temporary trend line, enter at the lower support line,
or wait to see if price breaks down below lower support, and take a short to the downside of the range.
Good luck!
God bless you all!
PS. I do not swear to abide to house rules, cause Jesus told us never to swear by anything.
But Yes, I comply with house rules.
Regards
ThomChris
TRON Weekly View 3/6/22TRXUSD Can be seen to have moved above the 50MA in a bullish fashion on this Weekly timeframe
Prior this support for the bulls was found at the 100MA
A breakout to upside may follow
TRX/USD - Parabola broke!!! Major change in the trend coming? 😲Tron's uptrend and parabola appear to be breaking. This is a major bearish signal.
If confirmed, the next key support will be found at 7 cents.
Best to stay away from Tron right now until it finds new support. Chart and indicators are bearish on this price action.
Bias is bearish.
Like and follow if you liked my idea!
TRXUSDT Testing the top of the 1 year Triangle. What's next?*** ***
For this particular analysis on TRON we are using the TRXUSDT symbol on the Phemex exchange.
*** ***
The idea is on the 1D time-frame where Tron has been trading within a Triangle pattern since its April 17 2021 market Top. Since then we've had two Higher Lows and another Lower High. At the moment the price is the closest it has been to a new Lower High. If broken it will be a major bullish break-out for the coin and should target the 0.1300 Resistance of the November 15 2021 Lower High.
There is another interesting pattern involved as well. The 1D RSI sequence resembles the Lower Highs/ Higher Lows pattern of the previous mid - late 2021 rally of July - November. If the price breaks the RSI Lower Highs the move this time may be outside the blue box as the current price action is far more aggressive than that of October - November 2021. That may very well deliver the 0.13000 Resistance test. If however it gets rejected on the Lower Highs, we expect a pull-back to the 1D MA50 (blue trend-line) and then a test of the top of the blue box.
Notice that a 1D Golden Cross has just been formed (1D MA50 crossing above the 1D MA200) and that the 1W MA50 (red trend-line) has been acting as a Support in the past week.
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Tron (TRX) seems needs to complete its correction phase.Hello ladies and lads, hope you are well.
Tron apparently is at the end of D wave of ABCDE corrective structure. We should be cautious if we have long positions on this particular coin.
On the other side, this could be wrong if we break through the trendline that is ahead of the price. In that case, the price should breakthrough C's Top to invalidate ABCDE corrective structure.
Stay agile on days ahead.
Ask any question at comment section, and feel free to send me message.
Cheers!