TRXUSD - Breaking OutTRXUSD has climbed over a major trend line in red and is looking for more.
The curved structure is the pattern price is seemingly following.
The dashed horizontal line is the nearest resistance for price.
TRXBULLUSD trade ideas
TRONUSD: Logscale AB=CD Looking to Play Out For a 2nd TimeThis is a Cup with Handle and an AB=CD at the same time that I posted before, but it was on the FTX chart and that one actually ended up playing out perfectly but on other exchanges TRXUSD just kinda sat here but now it's breaking out on a Monthly timeframe and it's starting to look like we will be getting the same performance we got on FTX on a more Global level so I'm just reposting it on a chart that's still alive since the FTX chart is gone.
The MACD on the Monthly should also be going into positive territory very soon.
Here is the link to the original setup:
On another note, TRX recently reached the TP target of a more recent daily trend line trade, one could try to hold on for the bigger target presented on the monthly chart, or they could take some profits now given how much they are up. Here's a link to that setup:
TRXThe price has broken above the weekly 100 SMA and is in overbought territory on the hourly and 4-hour timeframes. A sell signal has emerged, indicating a high probability of a retest of the 100 SMA. It's possible that the price is forming an ascending channel and will continue to move within its boundaries. A break below the lower boundary would be a bearish signal.
trxusd daily accumulation buy low tp bulls 50% gains🔸Hello traders, today let's review daily price chart for TRXUSD . strong gains recently off the range
lows, however currently price getting overextended and trading near range highs, so overall
risk/reward is shifting in bears favor. expecting pullback in this market in May/June 2023.
🔸Active trading range is defined by range lows at 0.055 cents and range highs at 0.07 cents.
Premium prices at 0.05 cents and 0.075 cents overhead. Limited upside beyond prem prices.
Trading in weel defined range for almost 12 months now, strong re-accumulation.
🔸Recommended strategy bulls: expecting pullback/retest of range lows later in May/June.
Best reload zone for position traders on buy side near 0.055 cents. Short-term correction
so bulls should wait on sidelines and be ready to reload lower near 0.05. final TP bulls +50% gains.
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Bullish flag on the 1h Time frameWe can clearly see the bullish flag on the 1h Time frame.
There is no divergence on the RSI so I am expecting this trend to continue.
Entry Point: 0.06953254
Stop Loss: 0.06711306
Take Profit 1: 0.07193282
Take Profit 2: 0.07443984
Risk: 2% (split into two trades)
TRXUSDIt's been a while since Tron's time and price correction ended and I'm waiting for Sharp's moves.the first target is 18 cent.
good luck & patient
TRX/USDT ANALYSISLooking forward to greener days for TRX, it has broken the descending triangular pattern and would make higher high or retest the support.
Am bullish on trx
Which one comes first for Trx 0.102 or 0.04Trx can only touch one place first which is either 0.102 or 0.04 To know which one first is not difficult as lower time frame could be analysed further to detect the right direction from broad direction of weekly frame. By your own observation, which one first? Thanks.
TRX Could Drop to 3.3 cents Following Failed Breakout (EW)Based on the severity of this pull back It seems like the breakout for TRX has failed, and based on the macro environment the probabilities are mounting we may briefly see new lows this year before pushing towards all time highs. This seems to be coinciding with a crash in the US banking system, which will eventually lead to a fast response by the Fed to turn the printers back on to save the banks and prop up asset prices. At first TRX could get a quick drop to 3.3 cents as asset prices depress almost across the board. Following the inevitable Fed intervention, TRX and most cryptos should push towards new all time highs. At a minimum TRX should go to over 60 cents in the following year as the money printers get turned back on again.
The very recent collapse of multiple banks in the US could lead to system wide contagion in the US banking system that will only be stopped by massive intervention and money printing by the Fed. A systemic bank run could lead to a dollar liquidity crisis and temporary demand spike for dollars as depositors can no longer get their dollars out of banks and will need to sell off other assets to pay their bills, this selling will continue up until the central bank is able to effectively deal with the situation and extinguish the fire by throwing freshly printed money on it.
The Fed typically keeps tightening until they 'break something,' and things are definitely starting to break now.
TRX 4 Year Triangle Ending, Going to $10+ Next YearTRX appears to be ending a triangle which began at the beginning of it's price history with the lowest point being wave-A of the triangle, and wave-E reaching its conclusion now based on the time target of E=(C+D)/2, and a price target of of E=C(0.382). The internal structure of wave-E has formed into a perfect triangle with wave-e of E now reaching its time target based on the monthly and weekly charts.
A triangle seems to fit the best here because wave-D=(B+C)/2 (time), and wave-E=C+D (time). Wave-B was retraced more than 61% by wave-C, wave-E relates to wave-C by 38.2% (price), and wave-D relates to wave-B by 61.8% (price). The structure of every wave is corrective. The channeling of both the larger triangle and the smaller triangle is ideal, with wave-E giving false breakdowns on both triangles. All other counts I've seen seem to have significant improbabilities, with this count seeming to have the best time, price, structure, channeling, and complexity relationships of all counts I have considered so far.
The implications of this are that we should see a move that is bigger and faster than wave-B, which would take TRX to well over $10 next year.
The fundamental trigger for such a large move would probably be related to TRX burns accelerating at the same time that Chinese money begins to enter the market through Hong Kong legalizing crypto trading and ETFs and pushing to become a global crypto-financial hub. TRX is in the best market position to benefit from new Chinese money entering the market next year, and the extremely rapid rate of TRX burns increasing with more USDD demand and network activity creates an expected future supply that is a tiny fraction of what it is today.
Trx getting ready for the next move up!Currently Tron is in a falling wedge pattern almost about to retest the uptrend a 2nd time. I believe that it's about to start moving back up to 10 cents in the coming days before it begins to move even higher.
Resistance becomes Support!We've waited such a long time for this moment with Tron. Seems to be the narrative with a lot of altcoins right now. Huge falling wedges that are now starting to breakout.. eg. Xrp.. Vechain etc! Utility tokens! Although Trx seems to be a bit further ahead in the charts, so I expect Tron to start moving first! Get ready!
Quick scalpsWe could see a move to .062 possible .064 in the daily.
However I expect further decline in the market (bearish)
In on another buy for now up to at least $0.062 but then shorting for another entry
TRX next targettrx is holding current levels even if we do dip down from this current area the next target is 30% up im looking forward to seeing how fast this happens
also i guess trx fits the hong kong narritive
TRXUSD: Cup With Handle Visible on the MonthlyTRX had a similarly Bullish ABCD BAMM Pattern on the FTX chart but that has since played out and gotten shut down. Now we move on to currently active exchanges and we can still see a Potential ABCD BAMM and a Cup With Handle; if we can stay above the moving averages i suspect we will pump to the measured move between the 1.414 and 1.618 Fibonacci Extensions above.
TRXUSD currently in accumulation zone with a possible breakoutIf it breaks the accumulation zone, we can see the advanced phase and a good bullish rally.
TRXUSD - Potential Long after Squeeze. 50% ProfitWe received a strong Buy signal through Crypto Tipster v2 recently, after drawing a few trend lines and support/resistance horizontal rays it looks like this triangular squeeze is coming to an end, a large breakout is iminent.
As we are already sat on a strong area of support, our thinking is that breakout will be in an upward direction, with the next level of resistance bringing around 50% profit, or more!
TRON (CRYPTO): ...is possible a "X2" (+100%) in medium term?Hi everyone!
The answer is very simple: YES!!! That said, Tron has shown some major consolidation over the past few months, but at the same time, it has kept the main trend sideways. If we look at the daily chart, the trend of last few weeks still keeps this crypto under pressure, but at the same time, we think it might be interesting to use an accumulation strategy, so let's say we'll do something like "buy the dip" in short and medium term.
Our first target we showed on chart and if our analysis is correct, Tron could do something very similar to +100%....
If this idea will be supported by your "Likes" we will continue to follow the crypto with updates below.
Please... trade with care! 💖
TRX Long-Term Triangle Possibly Ending NowBased on the time target for wave-E, as well as some longer term time targets, it is starting to seem more and more likely that the low is in and TRX is readying to break out to the upside.
Confirmation will come when we actually break the upside of the triangle, when we have that confirmation we can be more confident that this is going to move towards all time highs early next year. For now, probabilities seem to be favoring a long-term bottom formed for cryptocurrency as long as December's low continues to hold. If we see a break of December's low then I would suspect we see more downside across the crypto markets, probably at least another -20%.
At this point it is becoming increasingly dangerous to be short any major crypto unless we can get a clear break of December's lows. Unless that happens, I think the best move here is to be slightly long with tight stops under December's low, or flat until we get a better long confirmation.
