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TRON

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TRXUSD trade ideas

TRXUSDT (TRON) - WEEKLY ANALYSIS ANALYSIS 🔎 - TRXUSDT is printing the inverse head and shoulders pattern. - This is a trend reversal pattern. - A bullish one to be precise. - TRON could be on the verge of an uptrend. BUY ENTRY ⬆️ - Aggressive (risky): current market price (now). - Conservative: breakout above the neckline resistance. TARGETS 🎯 - Horizontal resistance level R1. - Horizontal resistance level R2. SETUP INVALIDATION ❌ - Breakdown below the right shoulder's horizontal support level (S1).
BINANCE:TRXUSDLong
by Chibuike_Odoh
2
TRON - ROCKET READY?Let me know your thoughts! TRON was one of the best-performing coins of 2017 and has since dropped a considerable amount since then - Currently, TRX has broken out of a pennant it has been in since the newly found all-time high - while finding support on the new up trend line although briefly breaking below yesterday. If TRX can break above a strong resistance zone between $0.033 and $0.040 we could potentially see quite a large increase. short term target $0.055 long term target $0.10 stop-loss $0.027 ''Buy Big Sell BIGGER'' - MegaWhale
BITFINEX:TRXUSD
by MegaWhale
8
TRX Ascending Triangle Breakout (VERY BULLISH)After about a week of setting higher highs and lower lows, TRX spiraled downwards and outside of its ascending triangle (-8%) creating some neutral sentiment which took nearly 24 hours to battle and bring back into its triangle formation. Today, TRX teased the .3489 resistance level for a few hours and just recently passed it up. We will likely deal with some resistance in the .0368 - .0392 ranges from previous past historical resistance but wouldn't be a surprise if we fly right passed it as done on Jan. 29 with the whole Alt market going berserk. Reasons to be bullish on TRX: TRX ATH = .3004 leaving current market price 1200% away from ATH TRX is only up about 300% from the massive covid market crash. I know 300% sounds like it's a lot, but compare that to ETH and BTC who are up over 1500% and the many other coins up 500%+ on avg.
KRAKEN:TRXUSDLong
by abedatrader