Trxusdt
Tron TRXUSD - Massive channel! + Elliott wave- On the chart we can see an incomplete Impulse Elliott Wawe (5th wave).
- Rounding bottom or cup and handle is also printing on the chart.
- Volume is very bullish and also RSI is prepared for another pump!
- Target is 1:1 fib trend-based extension + top of the ascending channel + 5th elliott wave
- For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio ( RRR ) - please check my signature below ↓
- Huge bullish volume is also one of the positive signs!
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TRXUSD AnalysisTRX slipped down on its charts over the last 24 hours and was trading at $0.102. The altcoin had registered a multi-month high yesterday, however, it failed to topple the $0.104 resistance. Its immediate support zone lay at $0.0958, the additional support lines stood at $0.088 and at $0.0816. it's been three weeks since TRX last traded around $0.0816
Buying pressure fell near the 60-mark on the Relative Strength Index after the asset was overbought over the last 48 hours. Awesome Oscillator registered red signal bars. MACD’s green histogram receded and a red histogram was visible.
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TRX IS FUELING UP!MACD is divergent in the positive area and has room to grow. The price is riding a trend line and has managed to break out of a descending trend line that was resistance. The value area between 0.081 and 0.092 shows that TRX has enough strength to scale higher. This trade could procure a profit of 35% - 40%. The support zones are designated in green and resistance zones in red.
$TRX breaks the major resistance and pushing higherTRX breaks the major resistance and now retesting it.
broke the downtrend line and pushing higher.
Also, Dominance is also going lower pushing some alts higher.
$0.0931 - $0.097 is the major resistance level and $0.08 - $0.082 is the support zone.
This is good time to buy some TRX
TRXUSDT Technical Analysis
⏳ Spot
💎 TRXUSDT after breaking above the resistance and the triangle is expected to go for a pullback and then go up again.
🏁 Short & Medium Term
💵 Invest Only 5% of your Portfolio
🎳 Entry at market or 0.08900
☕️ TP1 0.09570
🍺 TP2 0.10000
🍻 TP3 0.10540
🍾 TP4 0.11000
🍷 TP5 0.12200
🍸 TP6 ________
🍹 TP7 ________
🎁 TP8 ________
🚫 SL 0.08500
Good Luck 🎲
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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 (TRX) Price to Double in Value? 99% In Profit• In one of my previous statements, 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.
TRX just broke through a newly-formed trendline, and it looks like the rocket is about to shoot up.
• On this chart, I indicated major levels of support and resistance. Even if TRON begins climbing all the way up to its previous all-time-high, there will be corrections on the way up.
• The overall situation in the market seems promising. So, my expectations would be that TRON will repeat a similar scenario that is now played out by assets like SushiSwap, Fantom, and even XLM.
• I’m done for now. I will have one more livestream later today. Thank you for watching this video. If you enjoyed it, consider subscribing to my channel. Perhaps, your trading and investing karma will go up. What goes around comes around.
TRXUSDT going up ?after a ranging retest , now we have a good looking triangle shape on TRXUSDT 4h chart , and we have the kind of same triangle on the RSI indicator
price managed to break the upper resistance line of the triangle on both price chart and RSI indicator
if it holds it self above the triangle , we can expect a bullish rally up toward 0.11 strong resistance zone
we have a daily bearish trend line and a Fibonacci zone there at 0.11 , be careful there
THIS IS JUST AN ANALYSIS