TRX short, 1.86RHey,
just a TRX short I quickly drew on the chart. 1.86 and based of a bearish 1D vector candle reversal (cryptomarket-maker.com)
Let me know what you think :)
TRXUSD.P trade ideas
TRXUSD Strong short-term but long-term needs moreTron (TRXUSD) has showed incredible strength short-term since May 01 up until today. Even though it broke above the 1D MA200 (orange trend-line) yesterday for the first time since December 17 2021, the coin remains within a long-term Triangle pattern since the April 21 2021 High.
As a result it is still best to trade the Triangle (buy low - sell high) for as long as the 1W MA100 (red trend-line) supports and the Lower Highs (top) trend-line of the Triangle resists. In order for the market sentiment to turn bullish again on the long-term, we believe that a break above the 0.786 Fibonacci retracement level is needed (which contained the previous Lower High). In that case we expected a new rally towards the 1.382 Fib (matched the April 2021 High) and the 1.618 Fib in extension around 0.2200 - 0.2300.
Note that the 1D CCI has been within a Channel Up since the last Triangle Higher Low. Adds to the bullish break-out case.
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trxusdtThe higher-time analysis shows that we are in a triangle, which is a flat in its higher degree
TRX 19% rally & BO of triangle & pivot zone; what next?TRX just made a big 19.2% rally breaking out of a triangle as well as an impt pivot zone. This pivot zone then turns into support.
Watch for the 2 TPs @ 0.1025 & 0.12. Fast retracement usually follows strong rallies. TRX should retrace back to the pivot zone or to the uptrend line for another buy point.
Not trading advice
TRXUSD ❕ false breakout?The Tron moved strongly upwards out of the uptrend channel, and then hit the resistance level. On increased trading volumes, the price went down after the doji candlestick was formed. I expect a quick correction after fixing under of upper boundary.
TRXUSDon the 4 hour chart
A bullish wave was identified within the price channel, also bullish, with the Wave and Harmonic waves, and it is trading above the average line, support 55 and 7 days. The targets were identified. Wave 5 is known to be long and boring. There is an area that was challenged. The third means that it has become weak, and we may see some fluctuation after it penetrates it
God knows
TRONThere is absolutely every chance of recovering at least 50% of the global fall in TRON.
TRON has approached a key point, the intersection of two trend lines at the level of 0.06500. After a significant drop since the end of 2021, there is every chance of a breakdown of the trend line of the descending channel with the subsequent formation of an upward trend. The first target of the ascending channel is the resistance level of 0.8000, breaking through which opens the possibility of testing the level of 0.10000, which will be 50% of the last long-term decline. If the level of intersection of two trend lines at 0.6500 holds and TRON remains within the long-term downward channel, the next local support may be 0.05000 with the prospect of testing the level of 0.03500. The level of 0.05000 is a strong historical support, below which large volumes of pending purchases are concentrated; this fact can provide significant support to this level.
TRX MACRO LEVEL FOR SOME UPSIDE$TRX as long as it holds $0.0463 bottom we can look for $0.129 - $0.148 for the MACRO level. Strong resistances to break but possible.
#TRX #TRON
TRXUSD Trend line analysisAs I mentioned in the chart daily up-trend line broke and now it is going to complete its correction!
By the way, there are some important support levels that would be its final correction move!
Which one do you go with?
Tron Price Analysis — April 29Despite the broader weakness in the crypto market on Friday, TRX has traded against the grain as it tapped a new weekly high above the $0.0700 top. However, it appears that bulls lack the composure to sustain this rally as the cryptocurrency falls back to the $0.0650 support.
With the recent surge and rejection, TRX has lighted up a descending trendline, which is acting on the price to retest the $0.0600 low. Regardless, I anticipate a bullish rebound to the $0.0700 top over the coming days and a possible break towards the $0.07500 top. In the meantime, a bearish continuation below $0.0620 is highly unlikely.
Meanwhile, my resistance levels are $0.0680, $0.0700, and $0.0720, and my support levels are $0.0650, $0.0620, and $0.0600.
Total Market Capitalization: $1.78 trillion
Tron Market Capitalization: $6.7 billion
Tron Dominance: 0.37%
Market Rank: #22
TRXUSD ❕ volume growth50MA and 100MA formed a golden cross at 1H Timeframe.
Price is above the liquidity level.
I expect retest and fixation above the support level with further reaching the resistance level.
TRX 4hTRON dropped to 50 EMA and below 200 MA. The price has broken the downtrend line and may drop to 100 MA. Bullish scenario - return to the uptrend line and continue to rise if the price can close above the line
Is TRX a good investment ahead of the USDD's debut?On Thursday, the price of TRX skyrocketed when Justin Sun announced plans for a new stablecoin. TRX hit a high of $0.074, the highest since April 4th. However, following Jerome Powell’s hawkish remarks, these gains were short-lived.
Bullish Scenario: TRX may retrace back to $0.06 support levels. If TRX manages to break over the resistance level at $0.074 after retracements, it will be mildly bullish. With sufficient buying activity, breaking above the $0.08 price barrier will lead to a rise towards $0.10 and higher.
Bearish Scenario: TRX has been in a decline for several months, thus we don’t have a strong bullish bias for the medium term. If the support level of $0.06 does not hold, the price will sooner or later fall below $0.05, $0.03, and much lower.
TRX races high, aiming for $0.074 next as bulls show momentumThe TRON price analysis indicates a strong bullish trend, as a sharp increase in price has been detected today. The most recent update shows that the cryptocurrency is going in favor of the buyers as they have taken over the market. The past few hours have observed a continuous aggressive bullish price movement, due to which the price has reached the $0.073 level and is on course to go above the current resistance at $0.074.
TRX/USD 1-day price chart: Bulls mark 16 percent gains as price surges to $0.073
The 1-day price chart for Tron price analysis is going in a bullish direction for the day, as the price has jumped higher than expected. There has been a massive rise in the coin value, and the price levels are going high every hour, which has resulted in the price reaching $0.073 of value. The coin has gained a handsome 16.4 percent value overnight. The moving average (MA) has also taken a sharp upwards turn and will soon cross over SMA 50 curve, which is a further bullish indication.
TRX ends bullish run after 7 percent riseTron price analysis shows bearish signs once again as price gave away upper momentum to fall prey to bears. TRX endured a 2 percent decrement over the past 24 hours, after rising more than 7 percent over the past 2 days to form promising signs. Price has faced multiple rejections around the $0.06 mark during the current month and looked to be heading past that resistance zone during yesterday’s upswing. However, similar to the decline within the larger cryptocurrency market, TRX ceded momentum as bearish momentum took over today. TRX trading volume rose around 2 percent while market capitalization fell 2 percent as well, to confirm a bearish outlook.
#trx/usd longElliott Wave Count for Theron BINANCE:BTCUSDT
It is suggested that this crypto currency be examined
TRXUSD ❕ end of correctionAfter the correction, the TRX reached the support level and the lower boundary of the uptrend. Volumes have declined. I expect a retest of the lower boundary of the uptrend channel with fixing above it and after reaching the resistance level.
TRX 1h ShortSetup: On the 1h TF, TRX is on a downtrend and just break below the 200 EMA. It is also below the control point. Comparing with the higher TF, there is also low volume between the entry and our take profit level This means that there is more chance for our trade to run
Entry: 0.06986
SL: Trailing Sl of 3.1 ATR, currently at 0.072
TP: 0.06
