Trxusdt
TRX/USDTTRX showed an active upward movement, something like 5 waves, if it really is them, then I expect a move higher to 0.072
But this scenario will be relevant when the upper trend channel is broken.
I expect an exit above the upper channel with a subsequent movement to 0.68, I will try to trade, and I put a Take there, stop for the support at 0.64
My ideas do not relate to market and trade recommendations, they are analysis of the chart, with all possible outcomes.
Only you should make decisions on the market.
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TRXUSD 4D: 4000% gains BEST level TO BUY/HOLD(SL/TP)(SWING)Why get subbed to me on Tradingview?
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TRXUSD 4D: 4000% gains BEST level TO BUY/HOLD(SL/TP)(SWING)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
previously recommended buying low.
READ ENTIRE IDEA BEFORE EXECUTION.
🔸 Summary and potential trade setup
::: TRXUSD 4days/candle chart review
::: accumulation in progress now
::: 4000% gains is not a typo
::: potential C*H setup BULLS
::: focus on BUY/HOLD near
::: range lows later
::: right now CORRECTION MODE
::: 40%+ sit it out and buy low later
::: LONG RANGE OUTLOOK
::: this is not for short-term traders
::: accumulation NOT COMPLETE YET
::: 4000%+ gains still possible
::: currently trading near range highs
::: BUY/HOLD setup TP +4000%
::: previously recommended buying low
::: up to 4000% gains possible later
::: SPECULATIVE SETUP
::: do your own due dill
::: and use proper risk management
::: TP bulls is +4000% gains
::: details: see chart
::: SWING TRADE: BUY/HOLD IT
::: AFTER 40%+ correction!!!
::: good luck traders!
::: BUY/HOLD and get paid. period.
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BEARS/CORRECTION
::: Sentiment short-term: PULLBACK/RANGE LOWS
RISK DISCLAIMER:
Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
Tron Price Analysis: TRX Surges 16% After Finding $0.5 Support
Tron is up by a strong 16% today as the cryptocurrency bounces from $0.05 and hits $0.0648.
Despite the strong rebound, TRX is still trading beneath the 200-day moving average price.
Against Bitcoin, Tron found solid support at 156 SAT (.618 Fib Retracement) and has since bounced back toward 200 SAT.
What has been going on?
Taking a look at the daily chart above, we can see that TRX has been in an extended downtrend since the start of May when it hit its ATH price of around $0.17 on Binance. BY the last week of May, TRX had reached as low as $0.06 but managed to hold support provided by the 200-day MA.
In June, TRX started to trade inside a descending triangle consolidation pattern. The triangle floor was just beneath $0.07, and TRX managed to remain above it for most of the month. However, on Monday, TRX eventually broke toward the downside of this triangle and fell beneath the 200-day MA support.
After breaking the triangle, TRX continued to drop until support was finally found on Tuesday at $0.05. It managed to rebound from there yesterday and has since pushed near the $0.065 level.
TRX price short term prediction: BEARISH
TRX has to be considered bearish beneath the 200-day MA level. The cryptocurrency needs to break above $0.068 (200-day MA & 20-day MA) to become neutral again. It would need to surpass resistance at $0.1 to be considered bullish in the short term.
If the sellers push lower, the first support lies at $0.06. This is followed by $0.05. Beneath $0.05, added support lies at $0.0453 (downside 1.272 Fib Extension), $0.042, $0.04, and $0.037.
Where Is The Resistance Toward The Upside?
On the other side, the first resistance lies at $0.068 (200-day MA & 20-day MA). Above this, resistance lies at $0.0751 (bearish .236 Fib Retracement), $0.08, and $0.087 (50-day MA). If the buyers continue to drive above $0.09, resistance can be expected at $0.093 (bearish .382 Fib Retracement), $0.095 (100-day MA), and $0.1.
SHORTHi friends, I hope everyone is fine, this is just a financial offer
Futures🪐
#TRX
#TRX/USDT
Short🎈
Enter : 0.051$/0.055$
Target : 0.046$
Target : 0.041$
Target : 0.035$
Target: 0.031$
Target : 0.029$
Target : 0.024$
OPEN TARGET :
0.022$
0.018$
0.014$
0.011$
0.008$
Stop loss : 0.063
🏛3% Capital
🎚Leverage : 3x/5x
⚠️Risk Level : 8/10
$TRX/USDT 2h (Binance Futures) Rising wedge facing resistanceTron has recovered nicely but could be preparing for another leg-down while crypto market is still uncertain.
Current Price= 0.08128
Sell Entry = 0.08232 - 0.08664
Take Profit= 0.07193 | 0.06525 | 0.05570
Stop Loss= 0.09456
Risk/Reward= 1:1.25 | 1:1.91 | 1:2.86
Expected Profit= +29.72% | +45.52% | +68.14%
Possible Loss= -23.86%
Fib. Retracement= 0.382 | 0.618 | 1
Margin Leverage= 2x
Estimated Gain-time= 1 week
TRON - Double Bottom Reversal!Tron has reached our area of interest where we will be looking for buying pressure for a reversal. If we break below this double bottom, the next place we will look for buys is the channel support. On lower timeframe we will be looking for a break of the descending trendline to confirm our reversal.
TRON - Double Bottom Reversal!Tron has reached our area of interest where we will be looking for buying pressure for a reversal. If we break below this double bottom, the next place we will look for buys is the channel support. On lower timeframe we will be looking for a break of the descending trendline to confirm our reversal.
TRXUSDT P.shBINANCE:TRXUSDT
In the TRX market, I used the Fibonacci tool. The price of 0.054 to 0.06 can be considered as a support range.
In case of cross down from the price of 0.054, I expect the price to decrease to around 0.037. According to the current trend, reaching the range of 0.054 is not far from expectation.
I used Google Translate to translate this text.☺
Forgive me if it is incomprehensible.
TRX/UST - Long term 194% setupHello, Traders!
The market continues to be under selling pressure. Altcoins are losing value faster than BTC, which is accompanied by an increase in Bitcoin dominance.
This situation can be used to buy the interesting altcoins at a significant discount and to hold a position for several months.
The price of TRX is testing the upper bound of the $0.0495 - $0.0650 price range, from which the asset was put in the trend in February-March 2021.
We may look for buy entry closer to the lower border of this range between the levels of $0.0495 - $0.0550.
Stop-loss can be placed below the level of $0.036750.
The targets for such purchases will be price levels of
$0,093
$0,117
$0,146
Good luck and watch out for the market!
P.S. This is an educational analysis that shall not be considered a financial advice