TRXUSD trade ideas
TRON about to surprise the crypto marketTron double bottom formation neckline currently undergoing breakout. A weekly close above neckline would interest more buyers. Watch out!
TRX TRON 10022021after long consolidation.. trx finally break 0.038 and 0.042 resistance.
both level will act as strong support.
next resistance is 0.05 , then 0.06.
TRX/USD - Tron towards $9 cents! 🚀🚀🚀Tron broke out of its range and now is pushing higher fast.
We have one more resistance before we are clear to go to $9 cents. The momentum looks strong enough to make this quite likely and soon.
The indicators are extremely bullish and particularly on weekly timeframe we have a beautiful positive cross on MACD that will surely lead us into a great rally that can take us much higher than $9 cents.
Good to explore longs as soon as we break this resistance line and we confirm it as support.
Trade safe!
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TRON - Good run but resistance incoming!Tron has had a good run the last week and especially today, with great news playing a significant role.
Unfortunately for my Tron lover audience, this run is very likely coming to an end...
0.53 is a strong resistance level
TRX- USD As per the weekly candle, TRX has a good resistance at $0.054 area. If it can break this resistance, we could see a move towards $0.061 and $0.087. Failure to break the resistance at $0.054 could lead to a drop towards the support zone at $0.037 which would be a good area to long TRX/USD.
Breakout time? (Wyckoff accumulation followup)So far so good. Hopefully TRX can close above 4.1 cents on a weekly candle to confirm this breakout.
TRX/USD - $0.081TRX had been ranging around the support zone of $0.029 to $0.032 and consolidating. As soon as it broke above the $0.032 area and moved above the trendline support zone, it started an impulsive move towards the previous high of $0.049 (Sept. 2020). This also coincides perfectly with the 1.618 fib. There is a very high probability of TRX getting rejected from this 1.618 fib. TRX will make an attempt to reach the 1.618 fib at $0.049. After rejection, it could drop down towards fib 1 and fib 0.786 at $0.041 and $0.038 respectively. Once it comes back to this support zone, it could attempt to target the higher fibs at $0.061, $0.074 and $0.081 respectively. Another possibility could be that TRX breaks the resistance at $0.049 and makes a higher move, comes back to $0.049 and test it for support, confirms an R/S flip and heads towards $0.061, $0.074 and $0.081. In either case, $0.049 area is the key section to watch.
TRX LongTron has been in a long bullish phase for about a week. It just broke the trend line and the confirmation candle lets us know it is time to long.
Please do not make a decision based on this analysis, do your own DD
trxusd long positionA perfect, low-risk investment position- TRXUSD
According to the above analysis, TRON has started a strong long-term move in five waves (it can change to the double zigzag too).
We expect that with the end of Wave 2, the big pump in the form of Wave 3 will start soon. The following targets are available for TRXUSD:
tp1= 0.08 - 0.1 $
tp2= 0.18 - 0.22 $
do not forget about SL
if any changes, i'll update the chart.
good luck
Strong Bullish on TRON (TRX) with Cup and Handle Pattern As We see in Weekly Chart, there is a Cup and Handle Pattern..
And Also has Breakout di trendLine, I Expect TRX Will Continue Rally .. and can Break out the Last All Time High..
