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Trxusdtechnicalanalysis

TRON TRXUSD is flying again over 5% today. Chasing all-time-high Tron is on the move again chasing its high, not far off it. What I like about TRXUSD is that it tends to buck the Bitcoin down days. In other words, if BTCUSD is moving down on a day, you can usually expect TRON to rally. So it is like a hedge and at 0.1875 and a strong chart. I see a little turning over of the daily BTCUSD chart at the moment, so it needs a strong day today, but the one to shine overall could be TRON.
EIGHTCAP:TRXUSDLong
by Easy_Explosive_Trading
9
Is TRX on the Brink of a Major Reversal?Yello, Paradisers! #TRX is approaching a crucial resistance zone between 0.1690 and 0.1730, a region that has acted as a ceiling since 2021. This #TRXUSDT's level’s historical significance hints that long-term sellers could re-enter the market, drawn by its psychological impact on traders. 💎Further supporting this cautious outlook is the bearish divergence appearing on the charts, suggesting that bullish momentum may be faltering. This sets the stage for a potential correction, as bulls may struggle to maintain their push through this significant resistance. 💎Should bulls face rejection around the 0.1685 to 0.1730 resistance zone, sellers could seize the opportunity, pushing TRX down towards the 0.1620 level. Following this price faces a pivotal challenge from the ascending support at 0.1580. A breach of this support would signal an intensified phase of profit-taking, setting the stage for a drop to the critical support region between 0.1420 and 0.1395, where significant short-covering could emerge. 💎While the probability is lower, sustained selling pressure could extend the corrective phase even further, eyeing targets between 0.1240 and 0.1215. This would mark a deeper retracement, emphasizing the need for traders to monitor these developments closely. Stay sharp and disciplined, Paradisers. The market is at a pivotal juncture, and only those with a well-crafted strategy will navigate it successfully. MyCryptoParadise iFeel the success🌴
Short
by MyCryptoParadise_Jack
5
Tron TRXUSD has been a bear for a good 2 or 3 weeks. Not anymore I must declare Tron is one of my biggest holdings, I don't tend to hold onto currency's for very long because you forever get whipsawed around with the changes to the USD, and no matter how good your original setup was, quite often in trading when you see that nice 500 or 1000 green profit, it's best to take it off the table. This is what happened with the start of the London session today Friday, the USD started to rally and all of the top currency's starting AUD, EUR, GBP etc all went in the red, down below it was the USD pairs in the green. TRXUSD will knock over the USD today, I did hear that Bitcoin has not followed through on taking the Higher high set recently which would officially give it breakout status. One analysis I read was that Bitcoin is currently in a 15M channel and it may head bearish until it resets. I will check soon. I keep digressing, TRXUSD has been tumbling downwards slowly and very measured so that nobody would notice on a Daily double top. But on multiple timeframes during Asia Friday TRON has about-faced and is now heading for the bulls. TRXUSD is one of the few cryptocurrency's that is right at the top of its price cycle, to be honest I don't even recall its fundamentals because I go by the charts, however I do occasionally research the Crypto ones I have bought or am about to buy. What's more to say? Well there usually is a bit of a buy-spread. I bought 50,000 a little while ago on market because most of the time I can't be bothered with limit-orders because while you punch in your order and price, the ones at the other end are driving the price higher and ripping us off. I have not made a dime out of TRON yet, I can't say to you that it will move fast like DOGE as it may be a turtle (slow), you will find that its chart-structure is a super-strong-foundation and the charts are very organised and usually pointing very bullish.
EIGHTCAP:TRXUSDLong
by Easy_Explosive_Trading
Strong Bullish Chart Structure: TRON TRXUSD: Sets up This is a Cryptocurrency that always reminds me of DOGEUSD because they share a similar price at around 0.16 cents, the difference is that this one TRXUSD is positioned very strongly in terms of its price. The setup here is the 4HR chart. You will see about 6 times that price action has drawn together with the 200EMA just before price rally's in Long positions. You will see in the 4hR CHART how Tron is meeting with the 200EMA very soon, once again, I doubt it quite makes the joining with 200EMA because its price is going to take off very soon, northwards/longwards. The thicker WHITE-LINE in chart is the 200EMA
EIGHTCAP:TRXUSDLong
by Easy_Explosive_Trading
2
Tron TRX price get ready to...Do you want a stable growth of your crypto deposit? Then pay attention to CRYPTOCAP:TRX Despite the ambiguous reputation of Justin Sun, he has been on the crypto market for a very long time and the OKX:TRXUSDT chart shows that he loves his creation and supports its reputational price. Therefore, we will not be surprised if the price of #TRON is one of the first of the old coins to update ATH in the near future, at least to $0.183, and ideally by $0.26. By the way, our previous idea OKX:TRXUSDT gave us +40% 👇 _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
Market Outlook: Positive Trends in TRX/USDT Suggest Bullish!Hello Traders, Just Breaked The Resistance Zone And Taking Support And There is A Potiential Chance To Go Upside! We have one Resistance Zone, and 2 Supply Zones. The Price Breaked The Resistance Zone, And Becames The Support Zone, Take Entry While Retesting OR Pullback of The Move. Please Note That The Only Purpose of The Information On This Page is Purely Educational. I Would Welcome Your Participation And Support in the Form of Likes, Comments, And Follow us to Offer Some Encouragement. Thank You.
Long
by SuccessStrikes
1
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.
Short
by tradingwithanthony
6
TRON (TRX) showing a strong uptrenddaily chart is exhibiting several intriguing technical patterns and indicators that merit a professional analysis. TRON (TRX) is currently showing a strong uptrend, as evidenced by the price action creating higher highs and higher lows. This bullish sentiment is further supported by the Relative Strength Index (RSI), which, despite being in overbought territory (above 70), indicates strong buying momentum. The Moving Average Convergence Divergence (MACD) is also in bullish alignment, with the MACD line above the signal line and both residing above the zero line, further reinforcing the strength of the current uptrend. Looking at the Smart Money Concepts (SMC) indicators such as Break of Structure (BOS) and Change of Character (Choch), there have been significant shifts in market structure indicating potential smart money activity. The BOS markers preceding strong directional moves suggest that institutional money may have been a driving force behind these price changes. Fibonacci retracement levels show that the price has surpassed the 0.618 level, which in many cases acts as a resistance turned support level. This could indicate that if a retracement were to occur, the price might find strong support at or above this Fibonacci level. The Volume Profile Visible Range (VPRV) indicates that there is a substantial trading interest at lower price levels, suggesting that if a retracement were to happen, these levels could act as potential areas of demand. A potential harmonic pattern can also be identified, with the price trajectory suggesting a completion near the 0.786 retracement level. This pattern often signifies a reversal point, and as such, could indicate that the current uptrend may experience a reversal or significant retracement upon completion of the pattern. From a smart money perspective, traders would be observing these levels and patterns to align their entries and exits with the anticipated institutional movements. The alignment of strong technical indicators with smart money concepts presents a compelling narrative for the current and future price action of TRON. Traders should closely monitor how the price reacts upon reaching significant Fibonacci levels and harmonic pattern completion, as well as any signs of weakening momentum or trend reversal indicated by the RSI and MACD, to make informed trading decisions.
Long
by CryptoDiabloo
1
Tron TRX price knows how to surprise with its "maneuvers"The TRXUSDT price often moves differently from the rest of the market. This may be because Justin SUN is behind the project, and he likes to "impose his own game" on the market. He is an interesting character in the crypto industry, you can read various investigations and stories about him in your spare time. So, the other day, the TRXUSD price hit a strong mirror level of $0.09. Now TRX price is undergoing a correction. If you believe that Tron's growth trend has not yet reached its culmination and will continue to move in a similar manner to 2020, then buying TRX closer to $0.072 is for you. However, if the TRXUSDT price consolidates below $0.068, the decline may continue, at least to the range of $0.052-0.055 _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
42
TRX fall out of the bullish triangle ?"Over the past days, the TRX cryptocurrency has been steadily constructing what appeared to be a promising bullish triangle pattern. This technical formation, characterized by its converging trendlines and diminishing price volatility, had ignited anticipation among traders for a potential upward surge in value. However, recent market developments have shifted this optimistic sentiment. The TRX token seems to have broken free from the confines of the bullish triangle. This breach marks a pivotal moment, suggesting a potential change in the prevailing market dynamics. The breakout from the triangle indicates a shift in the balance between buyers and sellers, and it's crucial to assess the implications of this movement. As the breakout unfolded, the TRX price underwent a testing phase, revisiting the ascending trendline that had previously guided its upward trajectory. This retest of the trendline can serve as a critical confirmation of the triangle's breakdown, potentially signaling a shift towards a downward trend. Traders and analysts are now closely watching whether the price manages to sustain itself above this level, which could indicate a potential recovery, or whether it succumbs to the pressure, implying a further decline in value.
Short
by Bitcoinblockchainonline
Tron [TRX] to face price rejection at range highTRX has been oscillating within the $0.0670 - $0.0710 range in the second half of May. Price action has hit the range high and could expose TRX to more selling pressure. A likely drop could offer a shorting opportunity targeting the support zone of $0.06700 - $0.06770 (cyan). The zone was a crucial resistance in the second half of April but was flipped to support in May. Entry: $0.07074 (below range high) Target: $0.06700 (resistance-cum-support) Stop-Loss: $0.07176 (above range high) R:R - 3.9
Short
by AMBCrypto_TA
1