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TRXUSD Buy opportunity below the 1D MA50.Tron (TRXUSD) has been trading within a Channel Up pattern since the November 14 2022 bottom. The price is now pulling back from the latest Higher High but remains above the 1D MA50 (blue trend-line). This pattern indicates that after roughly every 55% - 65% rise, the price makes a pull-back and upon breaking below the 1D MA50, a buy signal emerges again. Wait until that and buy for the next Higher High. Our Target is 0.2100. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:TRXUSDLong
by TradingShot
2
TRXUSDT Bullish short-term but still limited.*** *** For this particular analysis on Tron we are using the TRXUSDT symbol on the OKX exchange . *** *** The idea is on the 1D time-frame where TRX has been trading within the Support Zone of the Bear Cycle (0.04460 - 0.05100) ever since the FTX crash. On the bright side it appears that it has found Support and since June 22, every time (4 times in total) it has done so within this Zone, it rebounded aggressively. The obvious limitation is the Lower Highs trend-line that started on the November 15 2021 High, which even though it broke on Nov 05, the price quickly fell below it again, remaining the strongest Resistance right now. Interestingly enough, this is where the 1D MA50 (blue trend-line) is at the moment. The 1D MA200 (orange trend-line) has been intact since August 18 and after that, the key to a strong rally is the 0.07250 Symmetrical Resistance which has multiple rejections under its belt since January 17 2022. A bullish signal is the fact that the 1D RSI hit and rebounded within its 23.50 - 30.00 Support Zone, which every time it got hit, initiated a strong rally. As a result, even though a short-term rebound is possible if the market conditions help, it is still limited to the 1D MA50 and the November 15 Lower Highs trend-line. In order for us to call a confirmed buy extension on TRXUSDT , we want to see a candle closing above the 1D MA200 or preferably the 0.07250 Symmetrical Resistance, which can then target with high probabilities the upper Fibonacci levels towards the 0.0930 Resistance that was previously a Double Top (May 09 and June 01 2022). ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 👇 👇 👇 👇 👇 👇 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
6
TRXUSDT Emphatic break above 1D MA50 but heavy Resistances ahead*** *** For this particular analysis on Tron we are using the TRXUSDT symbol on the OKX exchange. *** *** The idea is on the 1D time-frame where TRX broke today aggressively above its 1D MA50 (blue trend-line) which has been the medium-term Resistance since August 19 2022 and is headed towards the 1D MA200 (orange trend-line). This is currently exactly on the Lower Highs trend-line that started on the November 15 2021 High and is on the long-term the strongest Resistance at hand. With the 1D RSI approaching the 70.000 overbought barrier, we should be expecting profit taking, at least on the 1D MA200/ Nov Lower Highs Resistance cluster. A rejection there can pull Tron back to at least the (grey) short-term Support Zone and if broken, aggressively towards the ultimate Support Zone of the Bear Cycle (0.04615 - 0.05100). In order for us to call a buy extension on TRXUSDT , we want to see a candle closing above the 0.07250 Symmetrical Resistance, which as you see has previously rejected an uptrend 5 times since January 17 2022. A break above it, can target the upper Fibonacci levels towards the 0.0930 Resistance that was previously a Double Top (May 09 and June 01 2022). ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 👇 👇 👇 👇 👇 👇 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot
5
TRXUSDT Testing the top of the 1 year Triangle. What's next?*** *** For this particular analysis on TRON we are using the TRXUSDT symbol on the Phemex exchange. *** *** The idea is on the 1D time-frame where Tron has been trading within a Triangle pattern since its April 17 2021 market Top. Since then we've had two Higher Lows and another Lower High. At the moment the price is the closest it has been to a new Lower High. If broken it will be a major bullish break-out for the coin and should target the 0.1300 Resistance of the November 15 2021 Lower High. There is another interesting pattern involved as well. The 1D RSI sequence resembles the Lower Highs/ Higher Lows pattern of the previous mid - late 2021 rally of July - November. If the price breaks the RSI Lower Highs the move this time may be outside the blue box as the current price action is far more aggressive than that of October - November 2021. That may very well deliver the 0.13000 Resistance test. If however it gets rejected on the Lower Highs, we expect a pull-back to the 1D MA50 (blue trend-line) and then a test of the top of the blue box. Notice that a 1D Golden Cross has just been formed (1D MA50 crossing above the 1D MA200) and that the 1W MA50 (red trend-line) has been acting as a Support in the past week. -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
by TradingShot
5
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. -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
BINANCE:TRXUSD
by TradingShot
2
TRON preparing a parabolic rallyTRXUSD may be at the final accumulation phase before a strong Parabolic Rally. It is trading on a Golden Cross on the 1D time-frame since mid September but is under the Resistance of the Lower Highs trend-line that started on the April Top. We can see almost the same sequence printed from September 03 2020 to January 30 2001. The price was at the time trading sideways, under the Lower Highs pressure but supported by the 1D MA200 (orange trend-line). When the Lower Highs trend-line broke and closed more than one 1D candles above it, a strong parabolic rally started. The target of that rally was the 1.5 Fibonacci extension on the Channel pattern. Will that be the case this time around also? -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
BINANCE:TRXUSDLong
by TradingShot
13
TRXUSD formed a 1D Golden Cross and aims at $0.30The Fibonacci Channel since the COVID market bottom fits perfectly on Tron. The latest key technical formation is the Golden Cross (MA50 crossing above the MA200) on the 1D chart. Last time we saw this pattern was in June 07/08 2020. That draws inevitable comparisons with that fractal. See the similarities of then and now: * The Golden Cross was formed after the price broke above the Lower Highs trend-line * The Golden Cross was formed after the price broke above the 0.618 Fibonacci retracement level * Since the bottom, the price has been trading within the 0.5 and 1.0 Fibonacci levels of the Channel (blue Channel) * The LMACD on both is identical What happened after the Golden Cross in 2020 was a sustainable 2 month rise within the 0.5 and 1.0 Fibonacci levels of the Channel supported by the 1D MA50 (blue trend-line) and then when the Resistance (previous High) broke, an aggressive rally followed just below the 1.5 Fib extension from the bottom and the 2.0 Fib extension of the Channel. Currently that's a little over $0.30 and that's what we are targeting on TRXUSD. ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> Vergnes --------------------------------------------------------------------------------------------------------
BITFINEX:TRXUSDLong
by TradingShot
5
Is TRX warming up for a rally?Tron has been trading within a Channel Up since the March bottom and has just printed a Bullish Cross on the LMACD of the 1D chart. Every time that happens, a respectable rise follows. I am interested particularly on the December 2019 LMACD Bullish Cross. As you see the price action that preceded the Bullish Cross has fair similarities with the price action since August 11. Towards the end of that (2019) fractal, TRXUSD was trading below the 1D MA50 following an MA20/50 Death Cross. Currently it has again formed that same Death Cross and is trading below the 1D MA50. Will a break above its 1D MA50 kick-start an aggressive rally as it did in early 2020? ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> AxelShadah --------------------------------------------------------------------------------------------------------
BITFINEX:TRXUSDLong
by TradingShot
3
TRXUSD Short and Medium termOn the first chart (medium term) I've put TRON on the 1D chart, which is a bullish Inverse Head and Shoulders formation (1W). The neckline is obvious and is what has been providing the direction (through rejection and rebound points). One more Low around 0.02300 is left until the pattern aggressively breaks to the upside and towards 0.044 and 0.055. On the second chart (short term) we see a quick profit opportunity on a 4H Rising Wedge within the current 1D Channel Up (the current bullish leg). This calls for a quick long target of 0.033500 before the final High of the 1W Inverse Head and Shoulders neckline rejects the price. If the Channel Up breaks, then this quick long opportunity is invalidated and I will only look to buy lower for the next bullish push.
BITFINEX:TRXUSD
by TradingShot
5