TRXUSD ❕ trading in the rangeTRX is back in the trading range.
RSI is moving near neutral values at 4H, 1H and 30m TFs.
I think the asset will rise after it fixes in the range.
TRXUSDT_A98D8A trade ideas
Key Support and Resistance Levels Suggest Bullish MomentumTRX is a cryptocurrency that currently trades around the 0.06650 area, and looking at its 4-hour timeframe, we can see that it is exhibiting some interesting price movements. There are several key prices on this chart, including both local and solid support and resistance levels.
The first level to consider is the 0.06523 area, which is the 0 Fibonacci level on the 4-hour timeframe. This area has acted as strong support in the past, and if TRX were to fall below this level, it may signal a shift in sentiment and potential downside momentum.
Another important level is the 0.06611 area, which is the 0.5 Fibonacci level on the 4-hour timeframe. This level has acted as both support and resistance in the past, and if TRX were to break above this level, it may signal a potential bullish move higher.
The 1 Fibonacci level at 0.06699 and the upper Bollinger band at 0.06683 are also important resistance levels to watch. If TRX were to break above these levels, it could indicate a potential strong upward momentum and a bullish trend.
On the other hand, the lower Bollinger band at 0.06544 and the hourly EMA 50 at 0.06597 are solid support levels that may prevent TRX from dropping further. If TRX were to fall below these levels, it may signal further downside momentum and a potential bearish trend.
Looking at the volume oscillator, we can see that it currently stands at 20%, indicating moderate volume during the 4-hour timeframe. The MACD stands at 0.00004, indicating some bullish momentum. The stochastic oscillator at 67.5 also suggests that TRX may be in a bullish phase.
Lastly, the On-Balance Volume (OBV) stands at 75.584B, suggesting that buyers are currently in control of the market.
In conclusion, while there are several important support and resistance levels to consider on this chart, TRX appears to be in a bullish phase at the moment, with several indicators suggesting upward momentum. However, traders should still be cautious and closely monitor price movements, as any shifts in sentiment or sudden changes in volume could have a significant impact on TRX's price.
#Tron is Bullish but Pinned Below $0.0675 After Dropping 8%Past Performance of Tron
Tron prices remain in a consolidation, looking at the performance in the daily chart. Overly, buyers of Q1 2023 appear to be in charge. Still, the failure of buyers to convincingly break above the recent resistance levels questions the strength of the uptrend. For now, critical reaction levels remain to be $0.0675 and $0.0645.
#Tron Technical Analysis
TRX is bound in a tight consolidation zone with clear resistance and support levels. Buyers of Q1 2023, as mentioned earlier, remain in control. The rejection of lower prices in recent trading sessions is a huge positive for the coin. However, for buyers to be aligned with the primary trend from mid-March, there must be a high-volume break above $0.0675 to confirm buyers of mid-March 2023. TRX may float to $0.073, or February 2023 highs in that case.
What to Expect from #TRX?
TRX rose nearly 45% in Q1 2023 but is down 8% from peaks, supporting the preview that buyers are in control. Still, there must be a clear breakout from the current consolidation. If not, deeper corrections below the last week's lows may see TRX crash to $0.055.
Resistance level to watch out for: $0.0675
Support level to watch out for: $0.0645
Disclaimer: Opinions expressed are not investment advice. Do your research.
Is TRXUSDT going to the next 0.073 level?Hello everyone. Against the general background of coins that have broken through their local lows and trend lines, TRXUSDT stands out well. This coin clearly follows the trend, does not interrupt the lows and presses the 0.068 level. A very good stop of 2% at 0.06462. While the bulk of the coins are wondering where to go, TRXUSDT is preparing for a hike to the level of 0.073.
#LQR #TOBTC #TRXTron important Levels are painted on Chart By Green and Red area , Follow Those level and Make you'r own Trigger
TRXUSDT → Consolidation. Breaking through Strong Resistance TRXUSDT breaks the downward resistance, which has been holding the price back for more than a year. As we can see, the price forms a local uptrend and on the next retest the coin forms a breakout. What's next?
The energy for the breakout has been accumulating since the end of last year. The last month and a half the price sticks to the resistance and forms pressure from below. (Triangle area).
While many altcoins have been confidently updating highs TRX has been practicing stamina and accumulating.
It remains for the bulls to hold the 0.0650 level defense behind them.
Strong support: 0.065, 0.0600.
Strong resistance: 0.0700 (breakdown strategy)
I expect from the bulls a confident consolidation of the price above the broken line with the subsequent growth towards 0.0800, then to 0.1000
Regards R. Linda!
TRXUSDTHello eveyone,
Mars Signals team wishes you high profits.
This is a one-day-time frame analysis for TRXUSDT
R2 and R1 on the top of this chart is our resistance area that includes the disability of the price to rise. S1 is a 4-hour support line. And we have S2 and S3 that are support areas with their support of price at different points even since the past. Therefore, we see the price had a kind of neutral behavior after it experienced a rise toward R1 and now it is fluctuating below this area. We believe it would resume its rise up to R1 and by providing us some confirmation candles for the purpose of a fall, a decline will happen to it to reach S1 or more to S2 area. Bear in mind that the best time for putting your trade orders would be the returning time of price after reaching lower amounts. But by the time the price is able to rise over R1 and is able to fluctuate more, then more rise would be expected for it. You should check every detail and information before putting your trade orders and then wait for a proper time to have your next action. If you are looking for wise trades and less risky ones, our suggestion will be following our regular updates all the time.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Have a nice time
#TRX/USDT on the verge of a Breakout in Weekly.This coin has been trading sideways since June 2022.
A breakout is likely.
Zooming in on the Daily Chart A clear Breakout is visible.
The upcoming weekly close will clear more doubts eventually.
A weekly close above the .07 level will trigger a Bullish rally.
Recommended Entry:- .061 to .066
Targets:- 0.088, 0.097, 0.114, 0.126, 0.1412
Stop loss:- 0.05272
Please observe the chart for more details.
Let me know what you think in the comments.
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TRX/USDT pushing, pushing and pushingHey 👋
Last one for today is going to be TRX coin here with extraordinary liquidation hunts here. As we all can see that Trend line has been respected but tested many times as well. We are watching closely this coin and specially those EMAs there. What do you think about this one?
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.
TRXUSD ❕ fixed above the channelTRX continues to move above the liquidity zone.
The RSI chart is down to neutral values (4H and 1H TFs)
I think the asset may bounce from current support.
TRXUSDT - Profit 102.8% achieved take profit. DONELately, the cryptocurrency market is not as heavy as it used to be. You just need to expect what you plan. Trading charts almost never lie and interesting news such as Delistings, Scam projects and so on come out for each price and level. Thanks to the news about Justin Sun - We are making a great profit. Hello again to everyone who follows my trading reviews
TRXUSDT - Optimal option for position with PWH. LFT Confirm
TRX SHORTFutures Setup (1x-7x):
Entry : 0.0645
SL : 0.073
Take :
0.05
0.04
0.03
0.02
Futures Setup (1-4x):
Entry : 0.0645
SL : 0.08
Take :
0.05
0.04
0.03
0.02
Impact of TRX delisting on Binance.US🚫After the United States Securities and Exchange Commission sued Justin Sun, the founder of Tron(TRX), on charges of selling and issuing unregistered securities, fraud and market manipulation of this digital currency, the American branch of the BinanceUS exchange decided to Remove from trading list. The publication of this news caused the sales pressure of Tron to increase somewhat and its price to decrease.
The TRX will be delisted on April 18.
The impact of the TRX delisting news broke the 🟢support zone($ 0.0655- $ 0.064)🟢.
TRX is currently pulling back to this support zone and will fall to the resistance line after completing the pullback.
On April 18, when TRX is supposed to be removed from the Binance.US exchange, it can increase the selling pressure a day earlier to break the resistance line.
In general, it seems that TRX has formed a symmetrical triangle pattern in the 4-hour time frame, and if the resistance line breaks, TRX can fall to the 🟢heavy support zone($ 0.0555- $ 0.0447)🟢.
TRON Analyze ( OKX:TRXUSDT ), 4-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
TRX Tron | Binance US to Delist Justin Sun's TRX Next Week !!If you haven`t sold TRX Tron here:
Then you should know that Binance US, the American division of the world's top cryptocurrency exchange Binance, has declared that it will delist TRON (TRX) from its trading platform next week, on April 18.
Binance made the decision to delist TRON in response to the US Securities and Exchange Commission's (SEC) recent crackdown on the cryptocurrency magnate.
In its press release, the regulatory authority accused Justin Sun and his three wholly-owned companies, namely Tron Foundation Limited, BitTorrent Foundation Ltd, and Rainberry Inc, of defrauding investors by selling unregistered securities. Sun is also accused of performing "extensive wash trading" and organizing a scheme to pay celebrities to promote TRX and BTT without revealing their compensation.
Additionally, the SEC charged a number of celebrities, including Jake Paul, Ne-yo, and Lindsay Lohan, with illegally endorsing TRX and BTT without revealing their pay.
According to Elliott Wave theory, I expect for a retracement tp $0.052 level.
Looking forward to read your opinion about it.
Tron TRX Price Targets after the Ethereum Shanghai upgradeEthereum’s Shanghai upgrade is scheduled to launch on April 12.
The upgrade will make more than 18 million ether, worth approximately $34Billion, withdrawable, possibly causing a sudden crypto market supply dump.
This is my scenario for Tron:
TRX/USDT short
Entry Range: $0.062 - 0.067
Price Target 1: $0.055
Price Target 2: $0.045
Price Target 3: $0.030
Stop Loss: $0.074
TRX/USDT looking for "liquidation hunt" hereGood morning 👋
Another one that have been on our mind is TRX coin where it has been doing some interesting movement recently. As we all see we had multiple liquidation huntings where price just dropped and got pushed liquidating many traders who took any position on that coin.
Currently being above both EMAs we see that there is a chance for another drop to occur due to the fact that we have been not moving into any direction here (means no volume is currently backing any movement). History has shown us that this kind of momentum is often used as a good entry to short. We are waiting for price to reach below the EMAs and see how it will react to that zone.
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.
TRXUSD ❕ above the liquidityThe RSI chart has declined to neutral values, but continues to move in the bullish zone.
The asset is still above liquidity.
I think that the price can resume the growth after overcoming the resistance.
Easy scalping profti on TRXUSDT Leverage 50XI look on the marjet and found this gold sitting there with bearish pattern and broken character i asap buy short position after my analysis and wnet great.
tron trendCurrently, the best price to buy Tron is 0.6, which will increase to 0.72 or 0.73 if the price of Bitcoin does not decrease.
TRX Tron Potential Death Spiral similar to Terra LUNAHistory repeats itself for those who haven't learned from it.
SEC Charges Crypto Entrepreneur Justin Sun and his Companies for Fraud and Other Securities Law Violations.
Eight celebrities also charged for illegal touting of Sun’s crypto asset securities. But let`s say the market doesn`t care about he Securities and Exchange Commission lawsuit, like we can see reflected in TRX price right now, but...
The reason for the potential collapse of TRX Tron is their stablecoin, USDD.
According to their website, USDD is secured by the over-collateralization of multiple mainstream digital assets (e.g. TRX , BTC , and USDT). The total value of collateralized assets is significantly higher than that of USDD in circulation with the collateral ratio set at 120%.
This is the USDD collateral:
TRX 10,929,535,279
BTC 14,040.6 = about $313Mil
USDT 29,964,253
USDC 39,719,839
so besides TRX , the total amount of other collateral is $383Mil for a stablecoin that has a mk cap of $724Mil.
Now let`s say TRX drops to the Covid level of $0.0072, which is not unrealistic in my opinion.
Then the TRX collateral of 10,929,535,279 coin will be worth $78,692,654.
Assuming that BTC won`t go lower, then still the liquid collateral of USDD will be around $462Mil for a mk cap now of $724Mil, which will result in a huge depegging od the "stablecoin".
Looking forward to read your opinion about it.
