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TRON / TETHER USD on BSC (0x26b4103C8dA21725909955fe85f7f6249D05DD9E)

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TRXUSDT_26B410 trade ideas

Tron | The Forever Up MentalityTron has been growing since November 2022. November 2022 is the same month when Bitcoin hit bottom. While Bitcoin peaked in March 2024, Tron continued higher and produced a new high in August, thus we have a 644 days long bullish phase. What you are seeing depicted on the chart as ABC is called an irregular correction. If we consider the last higher high as part of the previous bullish wave, we have to assume a forever up mentality and the market has already proven this not to be the case. In an irregular correction the second (B) wave produces a higher high compared to the end of the bullish wave. Just as it happened with Bitcoin between November 2021 and April 2021. April 2021 was the orthodox end of the bull-market. November 2021 produced a higher high as part of an irregular correction. This happens because of the Covid monetary expansion policies. When there is big monetary expansion, fiat loses value and thus you can see these patterns. The thing is that Tron is going down and Tron going down confirms the others are going down because the market never moves straight up. What one does, the rest follows. The correction is not over but the end is getting close. I'll lave the theory for another day. Wishing you a happy week. Namaste.
Short
by AlanSantana
4
TRXUSDT Breaking out of falling wedge!!!Join our community and start your crypto journey today for: In-depth market analysis Accurate trade setups Early access to trending altcoins Life-changing profit potential Hello everyone, TRXUSDT has successfully broken out of a falling wedge pattern, indicating a potential bullish reversal. The recent market pullback has confirmed this breakout. Opening a long position on TRXUSDT with the following trade setup!! Entry: $0.1514 - $0.1492 SL: $0.1465 Targets: $0.1569 $0.1615 $0.1649 If you find this analysis helpful, please hit the like button to support my content! Share your thoughts in the comments and feel free to request any specific chart analysis you’d like to see. Happy Trading!!
Long
by persis10t
TRXUSDT CorrectionTRXUSDT is currently pulling back after forming a double top at a resistance zone. The price is now testing a previous support level, and there is a chance it could dip below this support, given the liquidity below this level and near the February highs. The market has already seen a pullback of around 12%, with the potential to extend to a 15% pullback. This price action might develop into a trend continuation pattern, possibly forming a triangle as it consolidates. If the market finds sufficient buying pressure at these lower levels, it could set the stage for a future upward move. The target is the resistance zone around 0.1618
Long
by RTED_Investing
Lingrid | TRXUSDT Correction in the MARKET. LomgThe price perfectly fulfilled my last idea. BINANCE:TRXUSDT is currently pulling back after forming a double top at the resistance zone. The price is testing the previous support level, and I believe there's a possibility the market could dip below this support level, especially since there is liquidity below this level and near the February highs. The market has already experienced around a 12% pullback, and I anticipate it could reach a 15% pullback. I expect the price action may establish a trend continuation pattern, potentially forming a triangle formation as it consolidates. This could set the stage for a future upward move if the market finds enough buying pressure at these lower levels. My target is resistance zone around 0.1618 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Long
by Lingrid
3
Minimum Target for TRX of 22 cents in September (Elliott Wave)TRX has formed into a running c-failure flat corrective pattern, with wave-c forming a very large 5th wave extension terminal impulse. Glenn Neely told me last week when working on this count that terminal impulse patterns often go on for longer and further than most people expect, and this occurred here because wave-c was much longer and larger than what would have otherwise been expected, such as the max time target of a+b, and the max price target of c=a both being exceeded (red boxes). We're also seeing a strong bounce now which is a probable sign of a bottom right as wave-5 is equal to wave-1+3 in price and wave-1+2+3+4 in time. All these signs are very very good that we are about to continue the larger break out that I have been talking about for several months! The minimum target of 22 cents comes from the strength exhibited by the c-failure flat pattern which implies we should see a move that is at least 161.8% of wave-1 (assuming it is wave-1 and not something else). It's also possible wave-1 and 2 are mislabeled and actually an even larger pattern is ending at wave-2. This would mean that we see a move which far exceeds 22 cents in September! This all coincides very well with the memecoin strategy being employed now by Justin Sun which will bring tons of marketing attention on TRON as traders continue to get rich from memecoins like they did with SUNDOG and SUNCAT. I've also launched my own memecoin on Sunpump called FEELS which I believe could be very successful in the future, and is backed by a diversified reserve of tron-based crypto assets and memecoins.
Long
by Intuit
1
Tron | The Catalyst?Do you guys think this will be the catalyst? ➢ Tron Technical Analysis The top was set 25-August. Price action following this date is classic of a top formation; no new highs, the highest volume on a daily session closed red, and all is happening where everything marketwide is pointing toward a major flush next. The daily candles, looking at them up close, clearly indicate the loss of bullish momentum. I know this is hard to either spot or visualize if you are invested in the current situation, but a drop only comes out of rise. ➢ Oscillators The daily MACD is trending lower. It peaked 20-Aug. and produced a lower high 25-Aug., a small bearish divergence. What isn't small is the downward bias: The weekly MACD peaked November 2023 and produced a strong lower high 19-August 2024, a very strong long-term bearish divergence: It is pointing straight down. The daily RSI already peaked and started to curve down. The histogram reveals where things are going... The red arrow shows how these things tend to resolve: The weekly RSI is still bullish and trending higher, but there is an extreme bearish divergence with TRXUSDT, it peaked March 2024: ➢ Conclusion To warn caution would be an understatement. When things are heated up, things can pop-up unannounced. The market moves up and moves down... It balances itself out. ➖ The ones that are low, near support, look good to buy and hold. ➖ The ones that are high, near resistance... RUN! Namaste.
Short
by AlanSantana
2
TRON's Wave 1 & 2 of current cycle over with. What Next?I believe that this cycle's wave 1 and its correction are done. Wave 2 being a shallow correction at Fib 0.236 gives us some clues as to what to expect next. Here's why I believe Wave 1 and its corrective wave 2 are past us and how wave 3 has already begun. RSI bearish divergence (usually happens between the tops of wave 3 & 5 price action) Correction to a significant fib level 0.236 RSI's significant correction and confluence at Fib .5 and RSI level 50. And yes you can definitely apply Elliott Wave theory to the RSI signal, which I rarely see being applied here on TV. It helps confirm not-so-obvious EW charts. So what do I expect to happen next? Either upcoming wave 3 or wave 5 will extend reasonably. I'm putting my money on wave 3 but won't rule out 5. The recent meme mania on TRON is shaping up quite nicely and could be the precusor of the extension and explosive price growth.
Long
by LockedAndLoaded
TRX (TRON): Overbought at ResistanceTrade setup: Price remains in an Uptrend. It bounced off of its long-term up trendline and 200-day MA, and resumed its uptrend. We removed it from our HOT list because it's overbought (RSI > 70) near $0.17 resistance, hence we're likely to see some profit taking near-term. We'd wait for a pullback. Nearest Fibonacci Retracement levels (possible support) are $0.16 (23.60%), $.15 (38.20%), and $0.14 (50%). Learn risk management in Lesson 9. Pattern: Price is Overbought at Resistance. This trading strategy finds assets that are overbought (RSI > 70) and are near a resistance area, which means there's a high probability that price will get rejected and pull back near-term. Overbought conditions are typically reached when RSI hits 70 or more. Learn this trading strategy in Lesson 5. Trend: Short-term trend is Strong Up, Medium-term trend is Strong Up and Long-term trend is Strong Up. Momentum is Bullish but inflecting. MACD Line is still above MACD Signal Line but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum could be nearing a downswing. Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70). Support and Resistance: Nearest Support Zone is $0.14, then $0.128. Nearest Resistance Zone is $0.17, then $0.20.
Long
by altFINS
TRX: What’s Next?TRX: What’s Next? TRX has completed a bearish harmonic pattern near the $0.1680 level. The price reaction indicates the presence of sellers around this area, suggesting that TRX might be poised to retrace some of its recent gains. On August 25, TRX set a new all-time high price. It may attempt to rise again to test this peak, but subsequently, we could see a downward movement as indicated by the pattern. Immediate support is expected around $0.1520, followed by the first target zone at $0.1450. If the price manages to break through $0.1450, the next target zone could be around $0.1300. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Short
by KlejdiCuni
1
TRXUSDT trend continuationTRXUSDT has pulled back following a recent surge. The market recently broke and closed above a flag pattern, with the price retracing about 38.2% of the previous bullish move. It has now reached a resistance zone last tested in 2021. Additionally, the price has pulled back to the previous higher high zone, from which it has already started to bounce. On the weekly timeframe, the market has broken through a large triangle pattern, suggesting a potential continuation of the trend. The target is the resistance zone around 0.1670 Dear traders, if you like this trading idea or you have an oppinion on it, we would love to hear it in the comments :)
Long
by RTED_Investing
1
TRX (TRON): Overbought at ResistanceTrade setup : Price remains in an Uptrend. It bounced off of its long-term up trendline and 200-day MA, and resumed its uptrend. We removed it from our HOT list because it's overbought (RSI > 70) near $0.17 resistance, hence we're likely to see some profit taking near-term. We'd wait for a pullback. Nearest Fibonacci Retracement levels (possible support) are $0.16 (23.60%), $.15 (38.20%), and $0.14 (50%). Learn risk management in Lesson 9. Pattern : Price is Overbought at Resistance . This trading strategy finds assets that are overbought (RSI > 70) and are near a resistance area, which means there's a high probability that price will get rejected and pull back near-term. Overbought conditions are typically reached when RSI hits 70 or more. Learn this trading strategy in Lesson 5. Trend : Short-term trend is Strong Up, Medium-term trend is Strong Up and Long-term trend is Strong Up. Momentum is Bullish but inflecting. MACD Line is still above MACD Signal Line but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum could be nearing a downswing. Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70). Support and Resistance : Nearest Support Zone is $0.14, then $0.128. Nearest Resistance Zone is $0.17, then $0.20.
Long
by altFINS
1
Lingrid | TRXUSDT continues TRENDING. Pullback tradeThe price perfectly fulfilled my last idea. BINANCE:TRXUSDT has pulled back after a recent surge. The market recently broke and closed above the flag pattern, and the price has retraced approximately 38.2% of the preceding bullish move. It has now reached a resistance zone that was last tested in 2021. The price also managed to pull back to the previous higher high zone, from which it has already begun to bounce. If we examine the weekly timeframe, we can observe that the market has broken through a giant triangle pattern, indicating a potential continuation of the trend. My target is resistance zone around 0.1670 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Long
by Lingrid
1