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
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
TRX elliot wave analysis and triangle pattern overlapHi dear traders
This is my idea about TRX. I think there is an overlap between Elliot wave analysis and Triangle pattern on the weekly timeframe of TRX.
my idea is that TRX will have a downtrend to 0.5 $ in the next few months, then we will see an uptrend to complete the 5th wave of Elliott wave
TRXUSDT Technical AnalysisTRXUSDT is moving up after the rejection at the Support in an Ascending Triangle. We have series of Green candles which shows Bulls are dominating the market at the moment. When the price reaches the Resistance we might get a short Pullback down to 0.066 and again move up or the price may break above the Resistance and heads up to 0.093. everything would be clear when the prices reaches the Resistance and in the lower TFs like 1H or 30M we might see good opportunities to enter a long trade.
Buy at 0.066 or Buy at Resistance Breakout
SL @ 0.05 or at Support Breakout
TP1 @ 0.093
TP2 @ 0.109
Happy Trading:)