Tron (TRX) completed a setup for upto 20.50% pumpHi dear friends, hope you are well and welcome to the new trade setup of Tron (TRX).
Previously we caught 10% pump of TRX as below:
Now on a daily time frame, TRX with Bitcoin pair has formed a bullish Cypher move for the next pump.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
Tronbtc
Tron Bullish flagNASDAQ:TRON try to break 7 days and 14 hours consolidation,
and performing bullish flag.
Target from this pattern at same level as B point (previous fibonacci analysis)
to follow bullish movement, we can enter at flag support or wait at major support.
and set target at pattern projection at 0.10976
or set at maximum target 0.11549
TRON/BTC , Ascending triangle , timeframe 1 weekFormation of an ascending triangle on such a large timeframe.
Working out of the previous descending triangle is shown by red lines!
Price is clamped in the triangle, volumes are decreasing, there is a possibility of accumulation of coins before the breakout and achieving the specified goals
Thank you for your attention
TRON (2023) v BTC (2016)Tron (TRX) has been a legacy coin that has held its own and carved out a niche
Most legacy coins have faded away into obscurity as they've been unable to find a usecase or adoption. They may still have high market caps and may still turn things around but as of now many older coins are falling down the ranks. New coins are eating up dominance. Not for Tron. Tron has consistently been raking in fees and holding a relatively very low fee to price ratio (according to tokenterminal).
$3m in daily fees v SEED_TVCODER77_ETHBTCDATA:8B FDMC
To put into perspective.. Ethereum has had $3.4m fees in the same 24hr period and has a $200b+ FDMC. This makes Tron look wildly cheap into those isolated terms. According to Tron they'll continue using fees to burn token supply. Essentially share/token buy back program. With SEED_TVCODER77_ETHBTCDATA:1B in yearly fees and SEED_TVCODER77_ETHBTCDATA:8B in FDMC.. in 8yrs time 1 single TRX will be worth SEED_TVCODER77_ETHBTCDATA:8B (all things remaining equal.. they wont).
This creates an interesting opportunity to keep an eye on.
From a TA perspective we have a very bullish structure on TRX
This structure is reminiscent of BTC back in 2015/2016 in the build up to the 2017 bull market. Check video for more details on the technical side of things.
Tron: Trend is your friendA lot of people getting bullish here but it's important to remember that Tron was and still is in a bearish market structure. Consistent lower highs and the current push still has the potential to be the next lower high. Especially with the current state of the economy, the FED has no intentions of slowing down interest rates. Making it harder to attract money into high-risk plays like altcoins. It is much more likely for the bearish trend to continue and for new lows to form. Best case wait for a strong market structure change and acceptance at higher prices or wait for the market to head lower down to accumulate.
TRX Tron Double TopThe Double Top and Double Bottom are some of the most obvious and reliable chart patterns in technical analysis, especially for financial instruments that don't trade based on fundamentals, such as TRX Tron.
If it were based on fundamentals, TRX should have been traded much lower by now, considering Justin Sun is being sued by the SEC (Securities and Exchange Commission).
However, that's not the case.
In fact, for crypto technical analysis, which focuses on human behavior in the candlestick charts, it works better than fundamental analysis, which often involves FUD (fear, uncertainty, and doubt) or FOMO (fear of missing out).
According to the Double Top chart pattern, my short-term price target for TRX Tron is $0.054.
I look forward to reading your opinion about it!
#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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Thank you so much for your support.
#PEACE
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
TRXUSD is ready. Are you ready for this? 50 % dump (NEW)TRXUSD looks ready. The price has been in the descending triangle for a long time. Now it looks like it's ready for a breakout.
Taking into an account very bearish sentiment in the whole crypto market, we expect that it will break down.
Targets are shown on the chart.
We don't expect it to go to zero therefore targets are defined based on the historial key supports instead of traditional methodology applicable to trading descending triangle pattern.
Expect more FUD in crypto market which could be a trigger for a triangle to breakdown.
good luck
Trading opportunity for TRXUSDT - TronBased on technical factors there is a Short position in :
📊 TRXUSDT - TRON
🔴 Short Now 0.06217
🧯 Stop loss 0.06343
🏹 Target 1 0.06110
🏹 Target 2 0.06000
🏹 Target 3 0.05840
💸RISK : 1%
We hope it is profitable for you ❤️
Please support our activity with your likes👍 and comments📝
Trading Signal For TRXUSDT TronTrading Setup:
There is a Trading Signal to Buy in TRXUSDT Tron
Traders can open their Buy Trades NOW
Rank : ⭐️⭐️
⬆️Buy now or Buy on 0.0647
⭕️SL @ 0.06378
🔵TP1 @ 0.0666
🔵TP2 @ 0.06819
🔵TP3 @ 0.07196
What are these signals based on?
Classical Technical Analysis
Price Action Candlesticks Fibonacci
RSI, Moving Average , Ichimoku , Bollinger Bands
If you liked our ideas, please support us with your likes 👍 and comments .
Trading Signal For TRXUSDT Trading Setup:
There is a Trading Signal to Buy in TRXUSDT Tron
Traders can open their Buy Trades NOW
⬆️Buy now or Buy on 0.06758
⭕️SL @ 0.06669
🔵TP1 @ 0.06928
🔵TP2 @ 0.07092
🔵TP3 @ 0.07396
What are these signals based on?
Classical Technical Analysis
Price Action Candlesticks Fibonacci
RSI, Moving Average , Ichimoku , Bollinger Bands
If you liked our ideas, please support us with your likes 👍 and comments .
Will Tron become the next Luna ? YTD return on Tron still flat or slightly positive.
They created #USDD just few days before Luna crisis. Still lots of uncertainty with USDD while there is a high chance it will be another crisis for stablecoin.
Given the market condition & risk / reward, Tron give you the best opportunity to go short !
Investors should start monitoring and find a good entry, currently I will wait slightly higher before going short , good luck !
TRXUSDT- 1W SETUPTRXUSDT price held the long-term support for one Month and closed above EMA 21. Bulls looked in accumulation mode as they did well by holding the nerves and did not panic sell. So it is giving a good feeling about upcoming sessions that if a breakout happened we could see a massive rally upward. So keep accumulating at these levels.