TRON
TRX - THE TRON POWER - ONE OF THE SELECT COINSTRX shows movement volume into small range trading
The long-term goal of 0.158+ USD + is a possible trend - Depending on last chances on the coin.
This view is long term view - TRX shows some important patterns, what seems that this coin could be the next breakout coin into long term view.
Why increase?
- TRX shows volume movement and good technical signals
The above models are the expecting frames, which means there is no guarantee it will happen 100%
It's important to study all-time you trades well before entering any market.
It's always important to check the markets on all sides - markets can change all time. - this last one is very important.
TRX - more bullish evidence !I have never been a great believer in this project ! Perhaps because of ignorance ...
What I do know is that TRX has been in a bear market against Bitcoin and is about to break out from a monster symmetrical triangle !!!
The implications of this would be huge ! Not only for Tron but also Bitcoin and the digital asset space as a whole !
That is why I stubbornely refuse to give in to the bearish narrative around crypto currencies !
Numerous projects have a bullish setup and are about to break out agains bitcoin after having been in a bear market for years !!!
Please prove me wrong !!
How Golden Crossover Signal Can Send Tron to $0.10Tron (TRX) flashed the golden crossover signal, which is widely considered a technical buy signal. The bullish case scenario for this cryptocurrency is also supported by the higher highs and higher lows price structure which signals that an uptrend could be developing.
Golden Crossover Signal
Most traders only learn to follow the 50 and 200 simple moving averages. However, not many traders know that the golden crossover signal can also occur when the 50-day moving average crosses above the 100-day moving average.
Since the 100 period SMA is faster than the 200 periods SMA, we can detect a shift in the general market direction much earlier.
Price Structure
TRX's price is now printing a series of higher highs followed by at least two higher lows, which signals that we're starting to move upwards.
Additionally, based on the RSI oscillator, TRX made a new high in momentum readings which confirms the bullish sentiment.
Looking forward: There is not much resistance to the upside until the $0.10 psychological number. On the flip side, we have a strong support level at $0.058. As long as we stay above this support level, TRX has the potential to reach the $0.10 milestone.
TRXUSD Strong short-term but long-term needs moreTron (TRXUSD) has showed incredible strength short-term since May 01 up until today. Even though it broke above the 1D MA200 (orange trend-line) yesterday for the first time since December 17 2021, the coin remains within a long-term Triangle pattern since the April 21 2021 High.
As a result it is still best to trade the Triangle (buy low - sell high) for as long as the 1W MA100 (red trend-line) supports and the Lower Highs (top) trend-line of the Triangle resists. In order for the market sentiment to turn bullish again on the long-term, we believe that a break above the 0.786 Fibonacci retracement level is needed (which contained the previous Lower High). In that case we expected a new rally towards the 1.382 Fib (matched the April 2021 High) and the 1.618 Fib in extension around 0.2200 - 0.2300.
Note that the 1D CCI has been within a Channel Up since the last Triangle Higher Low. Adds to the bullish break-out case.
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TRX 19% rally & BO of triangle & pivot zone; what next?TRX just made a big 19.2% rally breaking out of a triangle as well as an impt pivot zone. This pivot zone then turns into support.
Watch for the 2 TPs @ 0.1025 & 0.12. Fast retracement usually follows strong rallies. TRX should retrace back to the pivot zone or to the uptrend line for another buy point.
Not trading advice
TRXUSDT RESULT : +25% ✅ #TRONAll Short-Term Targets REACHED : +25% ✅✅✅
Follow us for more analysis & Feel free to ask any questions you have, we are here to help.
⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 05.04.2022
⚠️(DYOR)
❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
BITCOIN 30min TA : 05.04.22 (Update)You can see the amazing reaction of Bitcoin to its support level , and of course, it should be noted that the trading volume in the 37K range was very interesting , we have to see how the market will react with today's news .
Follow us for more analysis & Feel free to ask any questions you have, we are here to help.
⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 05.04.2022
⚠️(DYOR)
❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
Trading opportunity on TRXUSDTBased on technical factors there is a short position in :
📊 TRXUSDT Tron
🔴 Short Now 0.07055
🧯 Stop loss 0.07610
🏹 Target 1 0.06650
🏹 Target 2 0.06160
🏹 Target 3 0.05310
💸Capital : 1%
We hope it is profitable for you ❤️
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TRX/BTC Breakout!!!Looks like TRX/BTC pair is trying to break out of this trendline that started at the ATH in January 2018. But since we are in a bear market, if BTC decides to dump all technical analysis goes through the window and Tron will probably follow it (as happens a lot these days). Set your stop loss.
Good luck!
Not financial advice.
TRONThere is absolutely every chance of recovering at least 50% of the global fall in TRON.
TRON has approached a key point, the intersection of two trend lines at the level of 0.06500. After a significant drop since the end of 2021, there is every chance of a breakdown of the trend line of the descending channel with the subsequent formation of an upward trend. The first target of the ascending channel is the resistance level of 0.8000, breaking through which opens the possibility of testing the level of 0.10000, which will be 50% of the last long-term decline. If the level of intersection of two trend lines at 0.6500 holds and TRON remains within the long-term downward channel, the next local support may be 0.05000 with the prospect of testing the level of 0.03500. The level of 0.05000 is a strong historical support, below which large volumes of pending purchases are concentrated; this fact can provide significant support to this level.
#Tron Defying Strong Gravity, #TRX Buyers Target $0.Past Performance of Tron
In a sea of red, Tron is defying gravity, ending last week strongly as per the candlestick arrangement in the daily chart. The coin is up roughly 10 percent in the past trading day and a massive 16 percent versus the USDT in the previous trading week. TRX bulls are resilient against bears, maintaining a bullish trend and impressively soaking in selling pressure.
#Tron Technical Analysis
Tron is within a bullish breakout formation from a top-down analysis. Notably, TRX prices are bouncing from the 20-day moving average, flashing with April 21 lows. The bull bar capped the recent price action. Since bears didn't drive TRX prices below $0.061, the sharp reversal from the critical level points to strength and trend resumption. Accordingly, TRX traders may search for entries with targets at April 21 highs of $0.075. Conversely, sharp losses below the middle BB may force TRX to $0.57.
What to Expect from #TRX?
Tron bulls are confident. The bullish engulfing bar of May 1 signals strength and possibly a resumption of the uptrend. In the immediate term, TRX may recover and retest April 2022 highs of around $0.075.
Resistance level to watch out for: $0.075
Support level to watch out for: $0.057
Disclaimer: Opinions expressed are not investment advice. Do your research.