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Trxusdtechnicalanalysis

TRXUSDT - Break out trend linePreconditions: - Global trend up - Local trend up - Pressure key level You will learn the best place where we can trade this instrument at low risk. Write in the comments all your questions and instruments analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade
by Yuriy_Bishko
6
TRX has completed bullish Cypher at strong supportHey friends hope you are well and welcome the new update on Tron Coin. On the daily chart the price action of TRX coin has broken down simple moving averages with the time period of 25, 50, 100 and 200. And having good support of 100 SMA at the moment. On the long term weekly chart the priceline has broken out SMAs with the time period of 25, 50 and 100. But there is a big distance between the simple moving averages and the price action of Tron. Therefore The priceline may consolidate at this level until atleast 25 SMA will move up to provide support. On the daily chart the price action of TRX has very good support of an uptrend line. And the 100 simple moving average is also at the same level where the this uptrend line is providing support to candlesticks. Therefore the pricline may start another rally to the upside from this trendline. On this support the price action has completed bullish Cypher pattern and entered in potential reversal zone. The targets as per Fibonacci sequence of Cypher are: Potential reversal or buying zone: $0.0244 to $0.0202 (this should be used as stop loss as well) Fibonacci projection or sell zone: $0.0277 to $0.0356 Conclusion: Even though the priceline is having very strong support of 100 SMA and the uptrendline as well, and entered in PRZ level of Cypher pattern. However, if the potential reversal zone will be broken down then a rally to the downside can be started. Therefore this PRZ level should be used as stop loss.
BITFINEX:TRXUSDLong
by moon333
1
TRX. 1D. We expect a fall to the first target $0.22Last week, TRX showed good x2 growth amid news about the TRX DEFI platform and the possibility to grow coins on it. According to the data that are spread over the Internet on 02.09, investors transferred to the platform and locked up 1.5 billion. coins and during the next 24h. another 5 billion. As of today, 7-7.5 billion TRX coins are locked (which is neither more nor less than 10% of the total circulating TRX volume ), which SUN coins are grown with and will be available after 16.09. Deja vu, BNB staking and BEL cultivation will also be available for trading on 16.09, what are those manipulators preparing for us?) TRX Technical analysis . From a technical point of view, coins on 02-03.09 were locked most of all in the zone which we marked in red, then this zone quickly flew down against the background of a general crypto market fall. Now, the TRX price is again approaching the zone where a lot of coins are locked, approaching this zone at rather weak volumes, that is, enthusiasm and faith disappear. It seems to us that many TRX holders will lose their nerves and they will fix at zero in USDT because of the fear that all cryptocurrencies will continue to fall. Firstly, let the price of TRX fall to the level $0.2210-0.2370 and then reconsider the likely further development of events. ______________________________________ Since 2016, we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05% . If we help you to be calmer and richer - help us to be happier :)
Short
by P_S_trade
1
TRXUSD has entered back in the channelHi guys and gals hope you are doing well and welcome to the new update on Tron coin. Few days back TRX coin was likely to break down the channel’s support but this week it is again entered in the channel. Even though TRX was moving down with Bitcoin and all top alts to break down the channel but the release smart contract privacy protocol was scheduled on 7th July made this week bullish for Tron coin and this week it has rallied around 21% and re-entered in channel. At this time the price action is likely to re-test the support of the channel. In case of successful re-test the price action can move up to the resistance. And after reaching at the resistance of channel TRX will gain 18% more value. Tron moved back above the EMAs: On the daily chart the price action of TRX also has broken out the exponential moving average 10 and exponential moving average 21. At this time it is again above these two EMAs. From the first week of April 2020 the exponential moving averages 10 and 21 are working as good supports for the Tron. Therefore these EMAs can be helpful for TRX to start the next upward move. The simple moving averages are broken out again: Previously the price action of TRX broke down the 25 simple moving average and in the past week it was at the support of 50 SMA. Finally the price action has again turned bullish and broke out the 25 simple moving average again. At this time the price action is above 25 simple moving average and likely retest as this simple moving average as support. The bullish candlestick is appeared at the ressitance: The price action of Tron coin is also moving in a descending triangle. And after hitting at the resistance it was likely to move down at the support. But this week we have a bullish candlestick that is again going to hit the resistance of the triangle to make another attempt for breakout. Turning from bearish to bullish at the resistance is another very positive sign in favor of bullish momentum. The price action might not re-test the previous support: If we watch the different support and resistance levels on the daily chart then TRX has the support at $0.0127. And after the rally of this week the price action is in the correction mode. But as we have the 25 and 50 simple moving averages as good supports and the price action has just broken out the 25 SMA. Therefore there will be less chances that the price action will be dropped down again at the support. Bullish Shark move: Now I would like to draw your attentions to the chart that I posted on September 2019 where I revealed that the price action of Tron has completed the formation of Shak pattern. At that time it was in the potential reversal zone of Shark. Finally the price action Tron turned bullish in January 2020 and produced more than 114% bullish rally and dropped down again in the potential revesal zone. At this time the price action is again turning bullish and moving above this PRZ level. Therefore I am expecting a sequence of the bullish candlesticks on the monthly chart that can lead the price action of TRX towards a very long term bullish rally. Conclusion: Few days back the price action of TRX was bearish on short term and on mid-term but now it is turned bullish on short term and mid-term as well. However, we should set our stop loss the support of the up channel that has been formed on the daily chart to minimize the risk factor. Note: This idea is education purpose only and not intended to be investment advice, please seek a duly licensed professional and do you own research before any investment.
BITFINEX:TRXUSDLong
by moon333
1