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TRXUSD trade ideas

TRX to $0.12? Prepare for a Long!TRX continues to march into its current bull channel, pressing on for higher prices. The price just touched the channel resistance and is pulling back, but to what price? We have the previous high in the channel at $0.095 then the 30EMA and bull channel support around $0.09. How do we trade this? We're in a bull channel, which means our probability of profit is higher if we long. If you longed at the channel support every time the price made contact, you would make money. Let the trend do the talking and follow it. We should be looking for entries near two key support levels: the 30EMA and bull channel support, which is around $0.09. Do we simply long when that price is hit? Absolutely not. Wait for a strong bull signal bar closing on or near its high at those levels, confirming that the support is still being respected. Once you see that bounce, it's reasonable to enter a long, place a protective stop just below the channel support, and set your take profit somewhere in the top 20% of the channel as shown in my analysis. This gives you a 1:3 Risk/Reward ratio, meaning you could run this trade 10 times, hit your take profit 30% of the time, and still be profitable. Bitcoin is also at risk of pulling back since it's near Weekly resistance; see my recent analysis for reference. TRX RSI is also around 70.00 which is a weak indicator on its own, but supports the previous data points mentioned here. Key Points 1. Bull Channel. Look for Long Entries. 2. Channel Resistance Touched. Pullback in Progress. 3. Bitcoin Leading Indicator, Risk of Pullback. 4. RSI near 70.00, Plenty of Room to Fall. 5. Look for Bull Signal at Weekly 30EMA. You are solely responsible for your trades, trade at your own risk! Let us know what you think in the comment section below!
BINANCE:TRXUSDLong
by TraderEngineering
TRX/USD Main trend. Cup with handle. Triangle.The main trend(most of it). Logarithm. Weekly chart. Coin in coinmarketcap : TRX An idea to understand the trend and visualize the formation of a bullish formation in a bear market and such large size. The reversal/jamming zone is yellow levels. Quite a long time the price is squeezed the final phase of the triangle. Volatility is decreasing. At the decoupling, the exit is very likely to be momentum by a significant percentage. Linear, to understand the trend and clarity of formations. A cup with a handle, a large triangle with a base of about 200%. Candlestick chart with the same parameters. Secondary trend. Close-up of the triangle area. Pair to bitcoin TRX/BTC Main Trend. Linear 1 week. Rhombus 250%
BINANCE:TRXUSD
by SpartaBTC
34
Will TRX Price Rise To $1.25?Pullback Retest: TRX is performing a pullback move to retest the bullish breakout of a rising channel pattern. Consolidation Above $0.10: The TRX price has been consolidating above the psychological mark of $0.10 for three days. Potential Upside Targets: After a successful retest, TRX could cross the $0.115 mark and aim for $0.125. Sideways Trend Amid Bitcoin's Fall: Despite Bitcoin's price drop to FWB:36K , TRX continues a sideways trend and sustains above $0.10. Market-Wide Supply Pressure: TRX survives a market-wide increase in supply pressure. Year-to-Date Growth: TRX showcases a significant 90% Year-to-Date growth in 2023. Current Trading Price: TRX is trading at $0.1033, showing an intraday growth of 0.98% and forming a bullish candle. Consolidation Phase and Retest: TRX is in a consolidation phase, retesting the $0.10 mark following a rising channel breakout. Technical Indicators: The daily RSI dips from bullish territory, indicating a potential drop, while the 50-day and 200-day EMAs are in a bullish alignment. Retest Outcome and Targets: If the bullish momentum is sustained, TRX could reach the $0.125 mark, with the current retest being crucial. Price Action Analysis: The bullish engulfing candle during the retest phase struggles to gain momentum, indicating a need for careful monitoring. Downside Risk: A reversal under the $0.10 mark could drive prices down to the 50-day EMA at $0.0949, marking a crucial support level.
BINANCE:TRXUSDLong
by Coinpedia-Market-Insight
Tron ($TRX) Soaring To $0.5Tron (TRX) TRON is arguably the only one among the old guard of altcoins that continues to show positive dynamics on both the local and global charts. In five months, the asset has surged by 55%, with this growth being quite steady and punctuated by necessary corrections. As of now, TRX is trading close to the resistance zone of $0.0997-$0.1010. The primary expectation is that the growth will persist, potentially renewing the annual high at the marks of $0.102 and $0.105. Further ascent could also be on the horizon, assuming Bitcoin's price remains steady. Should Bitcoin undergo a correction, it could similarly affect the TRX trajectory. Under those circumstances, the asset might revisit the support levels around $0.0980, $0.0950-$0.0960, and $0.0935.
BINANCE:TRXUSD.PLong
by DEXWireNews
TRX Ready To Cross $0.10?Market Context: Tron (TRX) is on a bullish run, trending higher in a rising channel pattern. Current Status: TRX is trading at $0.097, showing an intraday growth of 0.88%. Resistance Level: The key resistance level is at the $0.10 mark. Technical Indicators - EMA: Both the 50-day and 200-day EMAs are rising, signaling bullish momentum. Technical Indicators - MACD: MACD and signal lines are rising, further confirming the bullish trend. Recent Performance: TRX has seen a 15% growth in the past three weeks. Potential Targets: If TRX breaks the $0.10 resistance, it could aim for $0.12. Downside Risk: A failure to break the $0.10 resistance could lead to a retest of the $0.0884 level. Market Sentiment: Overall sentiment is bullish, with TRX showing a year-to-date growth of almost 80%. Long-Term Trend: TRX aims to continue its bullish trend in the coming months. Market Catalysts: A bullish breakout could significantly increase the chances of reaching the $0.12 mark. Long-Term Outlook: TRX price predictions remain optimistic for the foreseeable future.
BINANCE:TRXUSDLong
by Coinpedia-Market-Insight
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 SwallowAcademy
4