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TRXUSD trade ideas

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.
BITFINEX:TRXUSD
by cryptomathemagician
2
Crypto Tron TRXUSDTView on Crypto Tron TRXUSDT (3 Feb 2021) Tron is the most useable ultility token in the crypto space ETH. It is fast and it is secure. The future of it shall be bright too. It should go back up 0.04 region and 0.0455 shall be the next too. Let's see. DYODD, all the best and read the disclaimer too. Feel Free to "Follow", press "LIKE" "Comment". Thank You! Legal Risk Disclosure: Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor. DISCLAIMER: Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice. Sonicr Mastery Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
BINANCE:TRXUSDLong
by SonicDeejay
4
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