TRX (TRON): Overbought at ResistanceTrade setup : Price is in an Uptrend. It made Higher Lows (see blue trendline) and broke back above 200-day MA ($0.12) to signal trend reversal to uptrend. It's now approaching $0.145 resistance and getting overbought (RSI > 75), hence, we could see some profit taking in this area. Now we look for the right entry opportunity in Uptrend. We wait for price to either 1) break above $0.145 to signal continuation of uptrend, or 2) pull back near $0.12 support for another swing trade entry in Uptrend with +20% upside potential back to $0.145.
Pattern : Price is Overbought at Resistance. This trading strategy finds assets that are overbought (RSI > 70) and are near a resistance area, which means there's a high probability that price will get rejected and pull back near-term. Overbought conditions are typically reached when RSI hits 70 or more. Learn this trading strategy in Lesson 5.
Trend : Short-term trend is Strong Up, Medium-term trend is Strong Up and Long-term trend is Strong Up.
Momentum is Bullish (MACD Line crossed above MACD Signal Line) ABOVE days ago. Price is Overbought currently, based on RSI-14 levels (RSI > 70).
Support and Resistance : Nearest Support Zone is $0.11, then $0.10. Nearest Resistance Zone is $0.145.
Trxusdt
I Cannot Short This !!! situation+next targets.Hi.
BINANCE:TRXUSDT
TRX is in an ascending triangle which means the price is about to do a good bullish movement. The price can increase as much as the measured price movement ( AB=CD ) .
The break out needed for increasing further has not happened but it should happen pretty soon.
✨Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
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✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Is #TRXUSDT Set for a Bullish Breakout? Don’t Miss This Key MoveYello, Paradisers! Have you been tracking #TRXUSDT lately? It’s showing some strong signals that could lead to a major bullish continuation. Let’s dive into the details!
💎After a careful analysis of #TRON's price action, we’ve observed a promising pattern. For a long time, NASDAQ:TRON has been adhering to a descending trendline. Recently, it has successfully retested this descending resistance, indicating a potential bullish move. If #TRX breaks above the $0.11806 resistance and sustains its momentum, we could see a significant bullish continuation.
💎Due to previous strong bearish pressure, there’s an imbalance in the price. It’s likely that the price might revisit this level to fill the imbalance. If #TRX fails to initiate an upward movement from the retest level, we should look for a bullish rebound from the lower support at $0.11507. However, if the price breaks below the $0.11507 support, this could invalidate the bullish setup and lead to further declines.
Stay disciplined and focused on your trading strategy. If you master these principles, you will already be ahead of most traders.
MyCryptoParadise
iFeel the success🌴
Tron is approaching a significant Support areaHey Traders, in today's trading session we are monitoring TRXUSDT for a buying opportunity around 0.12500 zone, Tron is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.12500 support and resistance area.
Trade safe, Joe.
TRXUSDT Price UpdateHello everyone, I’m Cryptorphic.
For the past seven years, I’ve been sharing insightful charts and analysis.
Follow me for:
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~ Short-term market movements.
~ Charts supported by critical fundamentals.
Now, let’s dive into this chart analysis:
TRX broke above the symmetrical triangle pattern 5 days ago and has not yet been retested. The $0.1274 level holds strong resistance for TRX.
For a successful rally toward Resistance 2 ($0.1431), TRX must break above Resistance 1. Failing to do so would likely result in a rejection down to the lower support level at $0.1148.
The range between $0.1148 and $0.1185 can be considered the best entry for TRX.
Invalidation Point: A breakdown and close below the lower supporting trendline.
DYOR. NFA.
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#PEACE
TRX ANALYSIS🚀#TRX Analysis :
🔮#TRX has broken out of a symmetrical triangle pattern on the 3D timeframe💁♂️
The breakout of the bullish pennant pattern suggests a potential bullish move📈
Expect a bullish wave of around 15% in the coming weeks
🔰Current Price: $0.12300
🎯 Target Price: $0.14100
⚡️What to do ?
👀Keep an eye on #TRX price action. We can trade according to the chart and make some profits⚡️⚡️
#TRX #Cryptocurrency #TechnicalAnalysis #DYOR
TRX: Resistance BreakoutTrade setup : Trends are mixed but improving. Price has made Higher Lows (see blue trendline) and broke back above 200-day MA ($0.12) to signal trend reversal to uptrend. If it breaks above $0.125 resistance, it could revisit $0.14 next.
Pattern : Resistance Breakout . Once a price breaks above a resistance zone, it signals that buyers have absorbed all the supply from sellers at this level and price can resume it's advance. Following a resistance breakout, the next closest resistance zone becomes a price target. Learn to trade key level breakouts in Lesson 7.
Trend : Short-term trend is Strong Up, Medium-term trend is Down and Long-term trend is Down.
Momentum : Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Support and Resistance : Nearest Support Zone is $0.11, then $0.10. Nearest Resistance Zone is $0.125, then $0.14.
Need to check if the rise can continueHello, traders.
If you "Follow", you can always get new information quickly.
Please click "Boost" as well.
Have a nice day today.
-------------------------------------
(1M chart)
It fell near the Fibonacci ratio 1 (0.13571) and touched near 0.10447 and is currently maintaining the price.
-
(1W chart)
The key is which section it deviates from among the support or resistance sections shown on the chart.
The current medium- to long-term trend is maintaining an uptrend, but if it falls below 0.10447, it is judged that it is likely to turn into a downtrend.
-
(1D chart)
Therefore, the key is whether the price can be maintained by rising above the sell line of the superTrend indicator.
If not, you should check for support near the box section of the HA-Low indicator on the 1D chart.
You should check whether the price can be maintained by rising above the Fibonacci ratio of 0.786 (0.11732).
The key is whether the price can be formed by maintaining the bottom section near the HA-Low indicator on the 1D chart.
-
Have a good time.
Thank you.
--------------------------------------------------
- Big picture
It is expected that a full-scale uptrend will begin when it rises above 29K.
The section that is expected to be touched in the next bull market is 81K-95K.
#BTCUSD 12M
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (overshooting)
4th: 13401.28
151166.97-157451.83 (overshooting)
5th: 178910.15
These are points where resistance is likely to occur in the future.
We need to check if these points can be broken upward.
We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section.
#BTCUSD 1M
If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33.
1st: 43833.05
2nd: 32992.55
-----------------
TRX Defies Market Trends: Key Levels and Strategic Insights🔍TRX (Tron) is showing unique behavior amidst market volatility. Here's a detailed analysis to guide your trading decisions.
📆Coin of the Day: TRX (Tron)
About the Project:
TRX is the native cryptocurrency of the Tron network, used for transaction fees on the TRC20 network. It is widely staked, contributing to its relatively stable price movements.
🧩Technical Analysis
4-Hour Timeframe
This analysis focuses on shorter-term trends, identifying critical levels and potential scenarios.
📉Support and Resistance:
Key Supports:
0.11569 (0.382 Fibonacci level) - recently established support after a breakout.
0.11494
0.11104
Key Resistances:
0.11873 (0.618 Fibonacci level)
0.12740 (major resistance and potential trigger for long positions)
📈Bullish Scenario:
Fibonacci Golden Zone: TRX is currently within a major supply zone, which overlaps with the 0.618 Fibonacci level. Breaking above this area could indicate strong bullish momentum.
Targets: Key resistance levels to watch are 0.11873, 0.12438, and 0.12740 (trigger for significant long positions).
📉Bearish Scenario:
Break Below Key Support: If TRX fails to maintain above 0.11569, it could signal a bearish reversal.
Targets: The next support levels are at 0.11494 and 0.11104.
📊Volume and RSI:
Volume Analysis: Recent volume spikes suggest increasing interest, which is critical for sustaining upward momentum.
RSI Analysis:
Current RSI: 61.50, indicating bullish momentum but approaching overbought territory.
💡Key Triggers:
For Long Positions:
Entry Trigger: Break and hold above 0.11873.
Strategy: Open a position on the hold of this level, targeting 0.12438 and 0.12740. Use tight stop-loss orders to manage risk.
For Short Positions:
Entry Trigger: Break and retest below 0.11569.
Strategy: Open a position if the price confirms a break below this level, targeting 0.11494 and 0.11104. Adjust stop-loss orders accordingly.
👨💻Trading Positions
Long Position
Entry Trigger: Hold above 0.11873 with confirmation from RSI and volume.
Strategy: Open a position on the hold of this level, targeting 0.12438 and 0.12740. Use tight stop-loss orders to manage risk.
Short Position
Entry Trigger: Break and retest below 0.11569.
Strategy: Open a position if the price confirms a break below this level, targeting 0.11494 and 0.11104. Adjust stop-loss orders accordingly.
📝TRX is demonstrating unique resilience compared to the broader market trends. Traders should closely monitor key levels and volume to determine potential entries and exits. RSI and volume trends will provide additional insights into momentum shifts.
🧠💼Always remember the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Stick to strict capital management principles and use stop-loss orders, ensuring an initial target with a risk-to-reward ratio of 2.
🫶If you found this analysis helpful and want to support me, please boost this analysis. Feel free to leave a comment or suggest a coin you'd like me to analyze next.
TRX ( TRON ) tm:1hHello traders.
I hope you doing well.
These areas are based on my personal strategy and I will share it with you.
Open a sell position on the supply area or open a buy position on the demand area.
Your entry point, stop loss, and target point are based on money management and the amount of money in your trading account.
But I promise you that by trading in the areas of my trading strategy, you will definitely make a profit, because these areas, although they seem simple, are my experience of 8 years of learning and trading.
I hope you will achieve maximum continuous profit with me by using supply and demand areas.
Good luck traders.
Mohammad Goodarzi
TRX: On the Verge of Breakout - Will Resistance Hold?TRX is going for a re-test at $0.12352, which could allow gathering strength to breach the $0.12809 resistance.
A successful breakout of $0.12809 could catapult TRX towards the $0.13549 mark.
A decline beneath $0.11969, the key daily support, will amplify bearish pressures to $0.10416.
TRX - Inverse head and shoulder - Breakout ImminentBINANCE:TRXUSDT (6H CHART) Technical Analysis Update
TRX is currently trading at $0.12346 and has formed a inverse head and shoulder pattern. Price is currently around the resistance line, if see a resistance breakout then we have potential for a good LONG Trade.
I will wait till we have a confirmed breakout of the resistance and enter the long trade only after that.
Entry level: $ 0.12461 (Candle Close above this)
Stop Loss Level: $ 0.11752
TakeProfit 1: $ 0.12778
TakeProfit 2: $ 0.13172
TakeProfit 3: $ 0.13764
TakeProfit 4: $ 0.14398
Max Leverage: 5x
Position Size: 1-2% of capital
Don't forget to keep stop loss.
Follow Our TradingView Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts.
Cheers
GreenCrypto
TRXUSDT.1DAnalyzing the daily chart for TRX/USDT, several key technical indicators and support/resistance levels can help inform trading decisions.
Key Resistance and Support Levels:
Resistance 1 (R1): $0.14599 - This level currently acts as the immediate resistance. A breakthrough this point could signal bullish continuation.
Resistance 2 (R2): $0.18044 - This represents a higher target and previous peak that could act as a significant barrier.
Support 1 (S1): $0.09421 - Serving as the nearest support, this level has seen historical price interactions that suggest it might offer substantial buying interest if retested.
Support 2 (S2): $0.04774 - A lower support level, indicating a substantial drop from current levels, yet important in the case of a major bearish turnaround.
Technical Indicators:
Relative Strength Index (RSI): The RSI at 59.87 is moderately high, suggesting that there is still some upward momentum left before reaching overbought conditions (RSI of 70).
Moving Average Convergence Divergence (MACD): The MACD line is above the signal line and both are trending upwards, indicating current bullish momentum. However, the proximity of the lines suggests a potential for volatility or a trend change if they start to converge further.
Trend Analysis:
The chart demonstrates a significant upward trajectory following a recent bullish momentum. The key will be whether TRX/USDT can sustain this momentum and break through the resistance at R1. The overall trend from the lows indicates a strong recovery and potential for further upside if the broader market conditions remain favorable.
Conclusion:
Given the bullish indicators and the price's recent behavior, TRX/USDT might be positioned for further gains if it can breach the immediate resistance at R1. Traders might consider taking long positions near current levels or on small retracements towards S1, setting a stop-loss below this support to manage risk.
Conversely, a fall below S1 might suggest a bearish shift, potentially exposing the next support level at S2 for testing. Continuous monitoring of the RSI and MACD will be crucial, as these will provide early signals for any loss in momentum or potential reversals. As always, external factors such as market sentiment and news should also be taken into account to align with overall crypto market trends.
TRXUSDT → Realization of bullish pattern + golden cross BINANCE:TRXUSDT is forming the break of the descending wedge structure, which in general activates the realization of the bullish pattern
On W1 the price is testing one of the key global levels. Consolidation of the price above 0.1184 will be a confirmation of global bullish intentions. Alitcoin has not yet updated the intermediate and global high, which generally determines the long-term prospects for us.
A breakout of 0.12189 range resistance could be a good signal for growth continuation.
Support levels: 0.11788, SMA
Resistance levels: 0.12189
SMA are forming a cross on H4, which is generally a positive signal. A retest of the range resistance may lead to its breakout and further growth to 0.14500.
Regards R. Linda!
Tron TRX price steadily moving up step by step#TRXUSDT price has been showing a clear, probably ‘artificially maintained’ upward trend since the beginning of 2023.
And even now, the AMEX:TRX price is showing a greater rebound than CRYPTOCAP:BTC
What do you think, what is the chance that the #Tron price will show growth to at least $0.14 in the next 1-2 months?
_____________________
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I Cannot Short This !!! situation+next targets.Hi.
BINANCE:TRXUSDT ➡️ the odds of another bullish Movement is Pretty high because the pattern which TRX is in, Is a Bullish wedge Pattern! Since The break out has happened
✅ Due to the Ascending structure of the chart...
🟢 The odds of another Bullish Movement is High!
🟢 Bullish wedge is Visible on The chart!
⛔Hidden bearish Divergence
🟢 No break out yet!
🟢 FALLING WEDGE
✨Targets are:
🎯$0.12380
🎯$0.12730
🎯$0.13200
🎯$0.13585
Stay awesome my friends.
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
TRX's Next Bull Run Will Melt FacesTRX has never held this strong compared to other bull runs. It's printed an interesting 3-year old bull flag. And if the price holds well above and retests with conviction, we could see the start of an impulsive wave next.
TRX has historically been the punching bag of negative sentiment in crypto and that is changing. Justin Sun has recently embraced his bias and has gone fully decisive with the introduction of the offshore Chinese Yuan (CNH) support and going as far as touting its strength vs $USD.
I put my TP for the next bull run. The price puts TRX at a MC of $128B or 10x its MC from the previous ATH. 10x is in my opinion a conservative figure in crypto.
If there will be a blow off top then TP2 is it IMO.
Not Financial Advice
TRX already create the Inverse cup and handle pattern TRX already create the Inverse cup and handle pattern and looking bearish.
Stay awesome my friends.
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✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
TRX/USDT assessing key support? 👀🚀TRON analysis💎 Attention, Paradisers! Keep a close eye on #TRXUSDT. It’s currently showing a promising upward trend from a critical support zone at $0.10921.
💎 Historically, #TRON has adhered to a descending channel pattern, consistently forming lower lows and lower highs. Right now, it’s positioned at a crucial support level of $0.10921. If the price maintains its momentum here, we could be on the verge of a significant bullish surge.
💎 As prudent traders, we need to be prepared for various scenarios. While a bullish rebound from a lower support level at $0.10017 remains a possibility, dipping below this level could trigger a marked bearish downturn.
💎 Stay adaptable with your strategies and make well-informed decisions, Ladies and Gentlemen of ParadiseClub. Your ParadiseTeam is diligently monitoring the market to navigate these opportunities effectively.
MyCryptoParadise
iFeel the success🌴
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.
🚩TRX can Go Down By Bearish Pennant Pattern🚩🏃♂️ TRX is moving in the 🔴 Heavy Resistance zone($0.150-$0.122) 🔴 and Ascending Channel .
📈Also, TRX has managed to form two Classic Patterns ; the first pattern is the Rising Wedge Pattern , and the second pattern is the Bearish Pennant Pattern .
🔔Currently, TRX has managed to break the bottom line of the Rising Wedge Pattern, and I expect TRX to continue its decline , at least to the lower line of the ascending channel .
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
TRON Analyze ( TRXUSDT), 4-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
#TRX/USDT#TRX
The price is moving in an upward trend in blue on a 2-day frame, and the price adheres to it
We have a higher stability moving average of 100
The RSI indicator has a long-term uptrend
The stop is below the uptrend if it is broken
Entry price is 0.1243
The first target is 0.1312
The second target is 0.1378
The third goal is 0.1456