TRON too hot to handelTRON is up almost 400% since November of 2022. I see a retracement happening very soon, just my guess.
TRXUSD trade ideas
TRX looks fantastic for the long termCould TRX be in the middle of a wonderful impulse of 5 waves within a larger degree of trend? It looks like it just might be. It fits beautifully within the Hurst cycles (semi circles) at the bottom time wise. And, with wave 1 often looking very similar to wave 5, we could see a massive blow off top for wave 5 over the coming months. This is one of the coins that does not make up part of my portfolio, no matter how strong the analysis looks. But, if you want to go for it it's entirely up to you. Get out when the trend line breaks to the downside which will signal wave 5 having completed. Follow for more.
TRX Surging: Sun’s $6.2M Banana Purchase Sparks Market BuzzJustin Sun Buys "Comedian" for $6.2M
In a move that blends art, memes, and crypto culture, Justin Sun, the founder of TRON, has acquired Maurizio Cattelan’s iconic artwork, *Comedian*, at a Sotheby’s auction for $6.2 million. The infamous banana duct-taped to a wall has sparked debates in both the art and cryptocurrency communities. Sun described the artwork as a “cultural phenomenon” and plans to honor its quirky legacy by eating the banana 🍌 in the coming days.
This purchase, according to Sun, symbolizes a bridge between traditional art and the digital revolution, showcasing TRON’s innovative spirit and cultural relevance.
TRX: Riding the Momentum
The news of this high-profile purchase appears to have given CRYPTOCAP:TRX a boost in the market. The token is up 2.76%, trading within a bullish channel. The technical indicators point to a strong upward momentum:
- RSI: At 69, TRX is edging toward the overbought zone, signaling strong buying pressure.
- Chart Pattern: A bullish engulfing pattern suggests continued upward movement.
- Moving Averages: TRX is comfortably trading above key MAs, adding to the bullish sentiment.
A Stable Anchor in Volatile Waters*
Justin Sun’s strategic moves have helped CRYPTOCAP:TRX maintain stability amid market fluctuations. By aligning the token with headline-grabbing cultural events, Sun ensures TRON remains relevant and appealing to investors.
As CRYPTOCAP:TRX continues to trade within a stabilized threshold, it seems poised to attract more attention from both crypto enthusiasts and art lovers. The innovative combination of art and blockchain could lead to more institutional interest in the token.
Final Thoughts
Whether it’s a $6.2M banana or blockchain innovation, Justin Sun knows how to keep the spotlight on TRON. With CRYPTOCAP:TRX maintaining a strong technical position and benefiting from renewed attention, the token could see further gains in the coming weeks.
Will the banana become the spark for TRON’s next big rally? Stay tuned.
TRON blockchainI looked at today's situation and it seems bullish to me, I don't know exactly to what level, but above the white line.
There is one similar situation in history that you can imagine
I also added btc to the analysis. previous trx pump was when btc was high, today btc is also high. but btc didn't achieve anything special anymore.
If it pumps, the hypothesis is 1-2 months, from today. Reality can be different, maybe;)
MD
TRON: $0.07 | Funding Secured Again the pioneer when it comes to dapps gaming and staking
not to forget an OG in peddling across sectors from Buffet program all the way with building communties among Roundtables and online forums
this could de throne Solana Luna and Shiba or re claim it's top spot in the spACE
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.
TRX - Tron VCP pattern on break!That is amazing to see a splendid structure like this, a VCP pattern is breaking the 0.145 area, where it is possible a further advancement.. only if the price maintain those levels in these days that could be possible.
It is a good reaction, seen the entire markets conditions.
We can see this coin go to 0.18 cents.. :-)
What do you think about?
Good trading!!
TRON PA is a thing of beautyTRON's PA is a thing of beauty. The HLs in HTF on the ascending triangle are aesthetically perfect. Price has been on the rise for a little less than two years. Sooner or later the god candles will print out.
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.
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
TRXUSD !!The TRON network has been making a notable impact across altcoin ecosystems, regaining its position as the leading blockchain for transaction volume among major altcoin chains.
According to a CryptoQuant analyst known as ‘Maartuun,’ TRON has shown substantial transaction dominance recently, handling roughly 43% of transactions across major altcoin blockchains as of October 30.
This recent spike has pushed TRON to the top position for transaction processing in October, surpassing other major altcoin networks and highlighting its relevance in the current crypto market.
TRXUSD: Cup and Handle buy signalTron is technically overbought on its 1D outlook (RSI = 69.926, MACD = 0.003, ADX = 23.630) but is far from topping on its 2 year Channel Up. The 1W RSI is at a level where previously three times it made short term consolidations in the form of Cup and Handle patterns, rise to at least the 1.5 Fibonacci extension. The last one even hit the 2.5 Fib and that's what we're aiming for now (TP = 0.2000) as it is the closest to the Channel Up top.
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[C&H] TRON is creating base for move up higherKRAKEN:TRXUSD seem to have broken out of a cup and handle pattern and in process of retest/consolidation. It might retest the breakout zone around 0.143 before a move up higher. Note that all time highest close (higher green line) would likely act as resistance but if we manage to break past it then we should see 0.41 levels as per the height of C&H pattern.
From Elliott wave perspective though, it looks much more bullish with a potential target of 1.12 in medium term. Will share the counts in a separate post.
TRXUSD - Monthly TriangleI expect this to be a larger bull structure allowing fast growth for Tron once breakout occurs
The state is obviously bullish on this Monthly timeframe
Good buy for long
I think its an Ascending Triangle, if its something else clue me in below
TRXUSD Buy opportunity below the 1D MA50.Tron (TRXUSD) has been trading within a Channel Up pattern since the November 14 2022 bottom. The price is now pulling back from the latest Higher High but remains above the 1D MA50 (blue trend-line).
This pattern indicates that after roughly every 55% - 65% rise, the price makes a pull-back and upon breaking below the 1D MA50, a buy signal emerges again. Wait until that and buy for the next Higher High. Our Target is 0.2100.
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TRXUSD View!!The upcoming 'Updates From The Lab' will spotlight Polaris, a new Token Portal by Osmosis. Such updates often signal significant technological improvements and can boost investor confidence. If this Token Portal proves to be efficient and offers unique features, it could attract more users and investors, thereby increasing the demand and price of Ion and Osmosis tokens. For more details, visit the source link.
TRX/USD Secondary trend (part) 18 11 2023Logarithm. Time frame 3 days.
The ascending channel in the lower part of the big triangle. Local work in it from the key support / resistance levels.
The whole range of this channel on a larger scale. .
Everything is more detailed and shown in the ideas of the main trend. .
TRX/USD Main trend. Channel. 17 11 2023
Note where this zone (channel) is in the main trend.
TRXUSD View!!The broader digital currency ecosystem is recovering as the combined crypto market cap jumped by more than 2.35% to $2.04 trillion. Besides Bitcoin
BTCUSD
and Ethereum, among the major altcoin beneficiaries of this rally are XRP, Dogecoin
DOGEUSD
and Tron
TRXUSD
. With their rebound from weekly lows, the trio exhibits a defined correlation.
XRP, DOGE and TRX correlation
According to current market data, XRP has jumped by more than 1.5% in 24 hours to $0.5375. This has helped XRP pare off its weekly losses, which have now been trimmed down to 2.4%.
Simple swing trade Triple top, with a tranding patern of Shouder Had Shouder, a price target on the before most relevant doble top, and a second price target on the bottom of this doble top.
The gren line is my entry and the red line is my stop, and geting a FIBO of 3 times risk, a safety target is maded.
TRX +83%?The analysis is simply based on numerological fibonacci as we have broken the global triangle. For more details see the previous idea
Been tracking this channel for a year now and TRX still behavingBeen tracking this channel for a year now and TRX still behaving in line within reason. Hoping for a definitive break of this upper trendline . If not hoping for support at the next step down
My View For TRON TodayMy View For TRON Today
These are some critical areas to watch for TRX.
The question is: after the consolidation on 1H time-frame, what next.
TRONX About to reverse or breaking Highs?TRONX just reached an area that was not tested since earlier 2021. Since it got on the area of 0,16 got a massive price rejection. Institutional money got in earlier this week, leaving behind many gaps. The Structure just got broken on the 4H timeframe.We seem to be filling this gaps on a correction way in the range of 0,165 until 0,14 ,at least. We expect one more retest of this highs at least one more time, since we will face many retail positions being filled on this correction. If they fail to break this highs, we will face on a massive opportunity from the highs until the low of 0,08.
