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TRXUSD trade ideas

TRX Price Ready To Jump To $0.10?Successful Retest: TRX price successfully retests the broken $0.085 zone, indicating bullish strength. 50-day EMA Reversal: The price finds an early reversal from the 50-day EMA, showing high demand at lower levels. Targeting $0.10: With the ongoing post-retest reversal, TRX aims for the $0.10 mark this year. Intraday Growth: Currently trading at $0.08757, TRX shows an intraday growth of 0.71%. Bullish Engulfing: A 2.44% growth last night led to the formation of a bullish engulfing candle. RSI Bounce: The RSI line takes a short dip from the oversold zone and bounces back, hinting at a positive rally. Golden Crossover: The 50-day and 200-day EMAs confirm a golden crossover, supporting the uptrend. High Demand: The quick reversal over the weekend shows high demand for TRX at lower levels. Higher Highs: TRX sustains higher high formations, keeping the uptrend intact. $0.091 Resistance: The uptrend must exceed the $0.091 mark to reach the bullish target of $0.10. Bulls in Control: The golden crossover and bullish candles indicate that bulls are in control. Bearish Reversal Risk: A reversal could occur if bears take control, challenging the bullish dominance at $0.083.
BINANCE:TRXUSD
by Coinpedia-Market-Insight
Will This Retest Drive TRX To $0.10?Positive Trend: TRX displays a positive trend with a successful retest at $0.083. EMA Support: The 50-day and 200-day EMAs provide constant support to the uptrend. Target of $0.10: With the successful retest, TRX may soon cross the $0.10 mark. Notable Uptrend: TRX shows a remarkable uptrend in 2023 despite market volatility. Double-Bottom Reversal: A slightly double-bottom pattern leads to a bullish breakout. Year-to-Date Growth: TRX has a significant YTD growth of 62%. Current Price: TRX is trading at $0.087 with an intraday fall of 0.13%. Lower Price Rejection: TRX takes a lower price rejection from the $0.085 zone. RSI Indicator: A short dip from the oversold zone hints at a slight loss in bullish momentum. Golden Cross: The EMAs have confirmed the uptrend in Tron following the Golden Cross. Market Recovery: The overall crypto market is taking recovery steps. Bearish Risk: If bears dominate, a reversal could challenge the bullish dominance at $0.083.
BINANCE:TRXUSDLong
by Coinpedia-Market-Insight
Will TRX cross $0.10?Positive Trend: TRX is on an uptrend, breaking above the $0.083 resistance. Triangle Breakout: The weekly chart shows a bullish breakout from a descending triangle. YTD Growth: TRX has seen a 65% growth year-to-date, defying the bear market. Psychological Mark: TRX is approaching the crucial $0.10 mark. Rounding Bottom: A bullish pattern suggests TRX could reach $0.10. Intraday Stats: TRX is currently at $0.089, with an intraday fall of 1.88%. Previous Jump: TRX had a sharp jump of 4.10% last night. Fibonacci Level: The price is approaching the 38.20% Fibonacci level at $0.097. Technical Indicators: The DMI shows rising momentum with a positive ADX line. EMA Support: Both the 50 and 200-day EMA are supporting the uptrend. Golden Crossover: The EMAs have experienced a golden crossover, certifying the uptrend. Bearish Scenario: If the price fails to break $0.097, it could challenge the $0.083 support.
BINANCE:TRXUSDLong
by Coinpedia-Market-Insight
Will TRX Price Reach $0.10?TRX price action indicates a bullish trend for 2023 with a year-to-date growth of 48.45%. TRX faced resistance at $0.085, leading to a pullback to the 200-day EMA. The price action suggests a potential inverted head-and-shoulder pattern. A recent bullish reversal has pushed TRX to $0.080, with an intraday pullback of 0.49%. Technical indicators like the RSI and MACD both show bullish trends. If buying pressure persists, TRX might surpass $0.085, creating a new swing high for 2023. However, a bearish trend could challenge the bullish dominance at $0.071.
BINANCE:TRXUSDLong
by Coinpedia-Market-Insight
Is TRX Poised to Break the $0.085 Barrier?TRX price consolidates between $0.075-$0.078. TRX aligns closely with the 50-day EMA, hinting at a potential breakout. A bullish surge could push TRX to $0.085. TRX has seen a 42.97% growth in 2023, with a 52-week high at $0.085. Currently trading 17.59% below its 2023 high of $0.094. Positive alignment of the 50 and 200-day EMA post-golden crossover. 1-day chart shows TRX flat-lining at the 23.60% Fibonacci level ($0.076). Current TRX price is $0.07765 with a 0.80% 24-hour growth. MACD and RSI indicators suggest bullish momentum. A breakout above $0.078 could see TRX aiming for $0.10. A bearish turn might push TRX down to the 38.20% Fibonacci level ($0.067).
BINANCE:TRXUSDLong
by Coinpedia-Market-Insight
If you are interested in the TRX coin, then this is for you.Tron blockchain is necessary and I don't see much decline in it. It has performed well compared to others during the crypto crash. The price pattern is rather good. Waiting for point c would be ideal, but I don't think that point c would be a heavy drop considering the specifics of the trx movement. Point b is also currently in progress, which already indicates a small increase. I'm not going to analyze it further on the smaller chart because I'm not going to buy it, I just can't afford to buy everything. This analysis may help someone. PS if you don't understand that point c doesn't have to exceed point a (abc strategy) then you have a lot to learn to understand that. it all depends on the specific location of the trend and its volume, etc. Don't forget to follow me, I will give analysis constantly😎
BINANCE:TRXUSDLong
by MoralDisciple
TRX targets for SeptemberSince November 2022, TRX has been trading within a parallel upward channel. The upper boundary of this channel is serving as a robust resistance, while the lower boundary is acting as a strong support line. In our prior TRX analysis, we noted the likelihood of TRX reaching its lower support line before determining its direction. In the recent cryptocurrency market downturn, TRX indeed descended to its trend line support and concurrently held its horizontal support at around $0.071. You can access the earlier TRX analysis here. Following the touch of the lower resistance line, TRX is currently moving upward and encountering resistance around the $0.0777 region. TRX maintains its upward channel robustly and is projected to overcome this resistance, progressing towards the $0.0856 resistance level. It is imperative for TRX to sustain its support from the lower boundary of the parallel channel and the horizontal support at $0.0716. Technical indicators such as the Relative Strength Index and Moving Average Convergence Divergence display signs of relief, pointing towards the continuation of the upward price movement. In the recent market downturn, TRX found support at its 0.786 FIB level and also secured support from its 200 EMA. Historically, whenever TRX interacted with the 200 EMA, it executed significant reversals, resulting in price surges. This time around, we anticipate a similar price increase for TRX, with projected targets set at $0.079, $0.085, and $0.091 for the upcoming month of September.
BINANCE:TRXUSDLong
by LuqmanEjaz
TRX Tron SELLERS Dominate Short TermHi Traders, Investors and Speculators of Charts📈📉 TRXUSDT has turned bearish in the short term Timeframe. From a technical indicator perspective we see clearly that the trendline has been broken and now the price is closing candles UNDER the trendline. This is bearish for the short term. However, from a weekly outlook, Tron is still bullish. This could mean that the current pullback is only a temporary correction. The price could continue lower for the short term, but bounce back up in the near term and continue the upwards trend. For now, the best course of action seems to be observing from the sideline and look for other trading opportunities with better risk/reward setups across the altcoin market. _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We thank you for your support ! CryptoCheck
BINANCE:TRXUSDShort
by CryptoCheck-
26
Trx Short set upHey brother and sisters 👋 Another coin we see good potential in is TRX, with good potential for another bearish movement here! We are seeing that TRX has had an amazing recovery from that recent dump market, and now it seems to be ready for another bearish movement (not so hawkish). What do you think - will we see a further drop here or no? If you like ideas provided by our team you can show us your support by liking and commenting. Yours Sincerely, Swallow Team Disclamer: We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
BINANCE:TRXUSD.PShort
by Mr_Trader1000x
TRX/USDT - TIME to SHORT (Read Why?)Hey brother and sisters 👋 Another coin we see good potential in is TRX, with good potential for another bearish movement here! We are seeing that TRX has had an amazing recovery from that recent dump market, and now it seems to be ready for another bearish movement (not so hawkish). What do you think - will we see a further drop here or no? If you like ideas provided by our team you can show us your support by liking and commenting. Yours Sincerely, Swallow Team Disclamer: We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
BINANCE:TRXUSD.PShort
by SwallowPremium
4
Here’s Why TRX Prices Can Recover To Cross $0.10Tron (TRX) maintains an upward trend since November 2022 with a 55% year-to-date growth. Recent 22% price jump led to a rising channel formation, but faced selling pressure at $0.085. TRX prices dropped 10% in four days, now at $0.076 (23.60% Fibonacci level). In the past 48 hours, TRX prices rose by 2.02%, finding support at 23.60% Fibonacci level. Selling pressure suggests a potential drop to the ascending trendline near $0.071 (38.20% Fibonacci level). If buyers hold off selling at $0.076, bullish reversal could challenge the $0.085 overhead resistance. Breakout at $0.085 may push TRX to the psychological $0.10 mark. On the flip side, a breakdown at $0.076 could challenge the bullish dominance, possibly leading to $0.067 or $0.063 (50% or 61.80% Fibonacci level).
BINANCE:TRXUSDLong
by Coinpedia-Market-Insight