TRXUSDT.P trade ideas
#Tron Primed for More Upsides, TRX Resistance at $0.065Past Performance of Tron
Tron is firm at press time, and there could be more upsides, reading from the candlestick arrangement in the daily chart. Even though TRX prices are lower in the past 24 hours, they are within the October 14 bull bar and trending above September 2022 lows at $0.059. As it is, buyers have the upper hand. There are higher odds of the coin surging above $0.065 in a buy trend continuation formation.
#Tron Technical Analysis
TRX prices are consolidating inside a bull bar, placing buyers at the upper hand from volume analysis. Still, conservative traders may want to wait for a clean close above $0.065, with rising volumes confirming the demand of October 14. Risk-on traders may load the dips, in that case, targeting H2 2022 highs at $0.072. If not, any drop below last week's lows may negatively impact traders, forcing the coin back to Q3 2022 lows.
What to Expect from #TRX?
The crypto market might recover, and TRX may ride the wave, lifting the coin from around 2022 lows. A signal pointing to recovering markets is when Tron pierces above September highs with expanding volumes, confirming the end of last week's gains.
Resistance level to watch out for: $0.065
Support level to watch out for: $0.060
Disclaimer: Opinions expressed are not investment advice. Do your research.
TRXUSD ❕ descending triangleTRX looks oversold at the moment, but most of the indicator and the current global pattern favor a continuation of the decline.
On the 4H Timeframe the price broke down 200,100 and 50MAs.
TD Sequential indicator gave a reversal signal up (1H TF)
I believe that the asset may correct up after the fall, BUT after fixing under TRX support will continue to fall.
TRON (TRX) - October 13Hello?
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(TRXUSDT 1W Chart)
The key is whether you can climb to the 0.08034-0.08933 section.
To do that, we need to see if we can support and move up around 0.06236.
(1D chart)
The key is whether it can support and rise in the 0.05989-0.06532 section.
Otherwise, it is expected to decline to around 0.05358.
If it does, you need to check if it can move above the downtrend line (1).
If the price is maintained above the downtrend line (1), I would expect it to move above 0.07679.
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** All descriptions are for reference only and do not guarantee a profit or loss in investment.
** If you share this chart, you can use the indicators normally.
** The MRHAB-T indicator contains indicators that indicate support and resistance points.
** HA SRRC indicators are displayed as StochRSI(line), RSI(columns), CCI(bgcolor).
** CCI indicator is expressed as overbought range (CCI > +100) and oversold range (CCI < -100).
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
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💡Don't miss the great buy opportunity in TRXUSD @justinsuntronTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.06325).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. TRXUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 68.
Take Profits:
TP1= @ 0.06500
TP2= @ 0.06650
TP3= @ 0.06835
TP4= @ 0.07143
TP5= @ 0.07348
SL= Break below S2
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💡Don't miss the great buy opportunity in TRXUSD @justinsuntronTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.06325).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. TRXUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 68.
Take Profits:
TP1= @ 0.06500
TP2= @ 0.06650
TP3= @ 0.06835
TP4= @ 0.07143
TP5= @ 0.07348
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex / Crypto trader ?
Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
📈✌TRX Daily Long Position✌📉BINANCE:TRXUSDT
BYBIT:TRXUSDT
KUCOIN:TRXUSDT
💥Three Drive pattern💥
first, please take a look at my previous analysis and positions.
between now and the yellow area, you can open a long position in two steps.
If the price rises and reaches the risk-free level, you can risk-free the position.
TP1-2-3 are on the chart.
The optimum stop-loss is below the determined area.
Please share ideas and leave a comment,
let me know what's your idea.
CrazyS✌