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TRON / Tether USD on BSC (0xa98D8a5867D664B7A758652146fd93a7dE40eE82)

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TRXUSDT_A98D8A trade ideas

TRX/USDT Might go for breakdownHey traders ✌️ Next one we would like to talk about is going to be TRX/USDT pair. Well we are looking this one on 1hr scale with bearish outcome as we are waiting for that breakdown from this small trend that has formed. So let's wait out for that CPI data to be released an see what we will get here 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.
by SwallowAcademy
14
TRXUSDTDisclaimer High Risk Investment Trading cryptocurrencies and Forex carries a high level of risk, and may not be suitable for all investors. Before deciding to trade cryptocurrency 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 cryptocurrency and Forex trading, and seek advice from an independent financial advisor. Since Any opinions, news, research, analyses, prices, or other information contained on this website is provided as general market commentary, and does not constitute investment advice. The Bibres will 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. All opinions expressed are owned by the respective writer and should never be considered as advice in any form. A qualified professional should be consulted before making any financial decisions. -------------------------------------------------------------------------------------------------------------------
Short
by TraderBibres2003
1
TRX Tron the Next LUNA ? Justin Sun is the CEO of TRX, Tron, the 15th biggest cryptocurrency, with a market cap of $4.74 Billion. Justin Sun`s TRX also controls a stablecoin, USDD, that keeps on depegging from the dollar recently. He has also a controlling stake in Singapore-based Huobi, the fourth largest digital asset exchange. Yesterday the amount of withdrawals from Huobi were significant, $60 Million. There are Insolvency Rumors for Huobi. I think TRX will ultimately reach its pandemic low of $0.0072. Looking forward to read your opinion about it.
Short
by TopgOptions
2
TRON preparing for BIG BreakoutLooking closely on Tron, it shows a break on the uptrend started from March 2020, with the ATH at 0.17xx$ which occurred in April 2021. Since price reached ATH it had began to move in a pennant structures. Although this can as well serve as distributions for bigger correction or as a continuation on the previous rally. Today my chart showcase both side possibilities and what to look for before jumping into any direction. We have important level shown on the chart for your market actions. Potential M pattern with Neckline holding strong as support level that seriously needed to watch on before making any serious short decision. When this level break TRX will become heavily weak and this open room for our M final targets towards 0.01167$, check the attached chart it shown the details about the M targets More so, on the chart as well, there is BEARISH FLAG setup painted clearly. When this break, the journey of M correction pattern will fully resume. Check the chart out for the flag and its targets Finally, In other way round, if the structure acted in the form of Bullish pennant then our traget will be towards 0.42$ and 0.7$ The thread will be timely updated
by weslad
4
TRX: Don't Miss It...TRON Near The Support Zone AgainTRX: Don't Miss It...TRON Near The Support Zone Again After the price moved down like all the cryptocurrencies now we can see a small pause from the previous week. The support area near 0.046500 is pushing the price up again. I am looking for the price to rise further during the coming weeks considering that 0.046500 didn't let the price decrease more. Targets: 🎯 0.058441 🎯 0.065252 🎯 0.070451 Thank you and Good Luck!
Long
by KlejdiCuni
14
🔥 TRX Bearish Triangle: Patience Is KeyOver the course of the last ~1.5 years, TRX has been forming a massive bearish triangle pattern . Bearish triangles classically break bearish , so that's what we're going to look at today. With TRX recently showing signs of reversing from the pattern's resistance, a bearish move is becoming more likely. Wait for the break of the lowest purple support before scouting an entry. Since the support has been holding for so long, a break of said support can lead to a massive sell-off because of all the stop-losses below it. Targets in blue.
Short
by FieryTrading
4
TRX - Range trend but positive momentumDuring the past weeks, TRX had a range trend but positive momentum. The price of Tron entered a correction after the bearish wave, which was able to stay at the support level of $0.053-$0.054 by breaking the downtrend line drawn in the previous analysis. Again, a positive reaction has been observed at this level, which indicates the attempt of buyers to grow the price to the resistance of $0.057 to $0.059. In general, the major resistance in daily time is considered in the range of $0.070. But in the 4-hour period, if the $0.059 resistance is broken, we can expect further growth and an upward trend. So, in general, for this week, the resistances of $0.059 and $0.062 can be short-term targets for buyers. You can also consider a narrow ascending channel for the price in the 4-hour timeframe. As long as the bottom of the channel is maintained in the orange range, we expect the price to grow.
by MonoCoinSignal
4