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TRON (TRX)/USDT WCA - Inverted Head and Shoulders PatternHello and thank you for taking the time to read my post. Today, we analyze TRON (TRX)/USDT on the weekly scale chart, focusing on an exciting price pattern known as the "Inverted Head and Shoulders Pattern." In our analysis, this pattern suggests that TRX/USDT could be a strong candidate for an upcoming breakout to the upside. Inverted Head and Shoulders Pattern: The inverted head and shoulders pattern is a bullish reversal pattern that occurs at the end of a downtrend. It is characterized by three troughs or valleys, with the middle one being the lowest (the head) and the two on either side being relatively higher (the shoulders). The pattern is completed by a horizontal line called the "neckline," which connects the highs of the shoulders. In a nutshell, the formation of the inverted head and shoulders pattern signals a potential reversal from a downtrend to an uptrend. Analysis: The general trend for TRX/USDT has been a downtrend since 12/04/2021, as seen through the diagonal resistance. We broke this resistance on 23/01/2023 and have since been trading sideways. A strong indication of potential support is evident in the wicks (price extremes) highlighted with blue markers, and the 200 EMA playing a supporting role, indicating a bullish environment. The main focus of our analysis is the perfectly defined inverted head and shoulders pattern. With a clear neckline and horizontal resistance at 0.07201, the two shoulders respect the symmetry line. It appears that the right shoulder is preparing for a test of the neckline. Upon a breakout, the price target would be 0.02615, corresponding to a 36.30% increase. A breakout filter could be applied to avoid premature breakouts. Conclusion: The TRX/USDT weekly chart analysis highlights the inverted head and shoulders pattern as a potential breakout candidate to the upside. Traders should closely monitor this pattern and the neckline for any signs of a breakout. As always, it's essential to consider risk management and proper position sizing when trading based on chart patterns. Please note that this analysis is not financial advice. Always do your own due diligence when investing or trading. If you found this analysis helpful, please like, share, and follow for more updates. Happy trading! Best regards, Karim Subhieh
by KarimSubhieh
TRX Tron Double Top Chart PatternTRX Tron has formed one of the most obvious and bearish chart pattern out there: the Double Top. The double top chart pattern is a bearish reversal pattern that is commonly observed in technical analysis of financial markets. This pattern typically forms after an extended uptrend, indicating that the market may be losing momentum and could potentially reverse its direction. The pattern is characterized by two distinct peaks that are formed at approximately the same price level, separated by a period of consolidation or retracement in between. The two peaks are often referred to as the "left shoulder" and the "right shoulder," while the period of consolidation in between is referred to as the "neckline." Once the second peak is formed and the price breaks below the neckline, it is considered a confirmation of the double top pattern. This break below the neckline indicates that the buyers are no longer able to push the price higher, and the sellers may have regained control of the market. The Price Target of this pattern for TRX Tron on this particular pattern is $0.054! Looking forward to read your opinion about it!
Short
by TopgOptions
Tron TRX Price Targets after the FOMC meeting this weekThe upcoming FED meeting on May 3rd could cause a further decline in the crypto market due to the potential rate hike and ongoing unease around banking system developments. The outlook for the crypto market after the upcoming FED meeting on May 3rd is bleak. Fears of a deep credit crunch caused by Silicon Valley Bank's collapse have not yet materialized, and the financial situation is much steadier. Additionally, inflation remains elevated, and with evidence of stubbornness in underlying inflation, it could be in the 4% to 5% range, far above the 2% inflation target. The markets are pricing in a 25bp Fed Funds rate hike to 5.25% at the May FOMC meeting, and given the steadiness in financial markets, persistence in price pressures, and continued decent activity, this could contribute to a further downturn in the crypto market. TRX/USDT short Entry Range: $0.065 - 0.070 Price Target 1: $0.055 Price Target 2: $0.045 Price Target 3: $0.030 Stop Loss: $0.074
Short
by BuySellMarketMaker
TRX Tron Founder Justin Sun 4 Days Left To SEC Lawsuit Summon !Justin Sun's Deadline Approaches: 4 Days Left to Respond to SEC Lawsuit Summon Over Alleged TRX Market Manipulation! Tron (TRX) cryptocurrency founder Justin Sun has reportedly been issued a summons in the Securities and Exchange Commission (SEC) lawsuit. The SEC charged Sun with "fraudulently manipulating the secondary market for TRX through extensive wash trading," claiming that trades were made without a change in "beneficial ownership." The SEC also alleged that the distribution and sale of BTT and TRX required Sun to register the sales with the agency because they were allegedly sold as securities. In addition, the SEC accused Sun of orchestrating "a scheme to pay celebrities to tout TRX and BTT without disclosing their compensation." This claim suggests that Sun may have been involved in misleading investors by paying celebrities to promote TRX and BTT without disclosing their compensation. The allegations against Sun are significant and could potentially have a significant impact on the cryptocurrency market. I expect TRX Tron selloff soon! Looking forward to read your opinion about it!
Short
by TopgOptions
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.
by MonoCoinSignal
2
#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. DO HIT THE LIKE BUTTON IF YOU WANT TO SUPPORT MY CONTENT. Thank you so much for your support. #PEACE
Long
by Cryptorphic
11
TRX 4 Year Triangle Ending, Going to $10+ Next YearTRX appears to be ending a triangle which began at the beginning of it's price history with the lowest point being wave-A of the triangle, and wave-E reaching its conclusion now based on the time target of E=(C+D)/2, and a price target of of E=C(0.382). The internal structure of wave-E has formed into a perfect triangle with wave-e of E now reaching its time target based on the monthly and weekly charts. A triangle seems to fit the best here because wave-D=(B+C)/2 (time), and wave-E=C+D (time). Wave-B was retraced more than 61% by wave-C, wave-E relates to wave-C by 38.2% (price), and wave-D relates to wave-B by 61.8% (price). The structure of every wave is corrective. The channeling of both the larger triangle and the smaller triangle is ideal, with wave-E giving false breakdowns on both triangles. All other counts I've seen seem to have significant improbabilities, with this count seeming to have the best time, price, structure, channeling, and complexity relationships of all counts I have considered so far. The implications of this are that we should see a move that is bigger and faster than wave-B, which would take TRX to well over $10 next year. The fundamental trigger for such a large move would probably be related to TRX burns accelerating at the same time that Chinese money begins to enter the market through Hong Kong legalizing crypto trading and ETFs and pushing to become a global crypto-financial hub. TRX is in the best market position to benefit from new Chinese money entering the market next year, and the extremely rapid rate of TRX burns increasing with more USDD demand and network activity creates an expected future supply that is a tiny fraction of what it is today.
KRAKEN:TRXUSDLong
by Intuit
5
BTC Diametric Ending, Long-Term Bull Market Beginning?BTC has reached the end of a diametric pattern which began at the highs in early 2021. In a diametric there must be at least 5 waves that are similar in time and 2 waves that are different. That has manifested here perfectly, orange boxes are the same time, green boxes are the same time. This implies that we have just ended a nearly 2 year pattern and we should be entering into a bull market that takes at least as much time as the bear market and will probably go past all time highs. BTC could be over 250k by next year. Many alts will see even larger percentage gains. Money will be flowing in from China and Asia which was a key factor in both the 2017 and 2013 bull runs, which were arguably much bigger and more profitable than 2021, which was mostly pumped up on fraudulent money from FTX, Luna, 3AC, DCG, etc. Now that all the fraud has been exposed we are ready for a recovery from this mess and a "real" bull market forming in 2023. Momentum also looks really good here and ready for a big move up. Right when all the headlines are about FTX collapsing and "Binance being insolvent" (they're not), and other FUD that has been polluting the headlines, much of which is completely baseless, we are ready for the market to start ripping up. Media manipulation is in full swing to get people to sell their coins for dirt cheap right before the giga pump.
COINBASE:BTCUSDLong
by Intuit
8
Potential Banking Crisis Sending BTC to $10k? (Elliott Wave)A banking crisis may be underway in the US and could bring equities and crypto to their knees until the Fed is forced to respond by turning the printer back on and cutting rates. Expecting a very dovish FED in the following months as more banks follow SI and SIVB, suffer bank runs and must be bailed out by the FDIC and the Fed. We will likely see the full extent of the fallout next week and it could mean more banks going under as depositors start to lose confidence in these risky banks. Depositors unable to get their money out of banks as regulators deal with the fallout could lead to a sudden and temporary spike in demand for dollars and a liquidity crisis across the financial system. This demand will then be quickly extinguished by the Fed printers coming back on to stave off collapsing asset prices, and this will trigger the next bull market in equities and crypto. From a Neowave standpoint, the structure from the last few months looks exceptionally weak, especially on BTC, and since we've been unable to materialize a consistent bullish structure, and with the macro environment suddenly souring, it seems likely that most cryptos and major stock indexes will see new lows and briefly fall under their 2022 lows. What I believed do be a diametric which would have ended at wave-g has now added a wave-h and wave-i and will end a little later and a little lower. This will likely lead to serious issues at many crypto firms such as Microstrategy who will probably need to sell significant amounts of equity or BTC to remain afloat at such low BTC prices, and with lenders and investors tightening up during a crisis it may be difficult for them to get funding. For BTC specifically, I think $10k is a solid floor. There's a psychological level, a 61.8% retracement, and it would be about as big as the 2018 bear market. Most cryptos will probably retrace their 2020-2021 bull market by around 61.8%. This should also coincide with the Fed doing a hard pivot to save the banks, leading to investors suddenly turning risk on again and sending asset prices to all time highs.
COINBASE:BTCUSDShort
by Intuit
6
Impact of TRX delisting on Binance.US🚫After the United States Securities and Exchange Commission sued Justin Sun, the founder of Tron(TRX), on charges of selling and issuing unregistered securities, fraud and market manipulation of this digital currency, the American branch of the BinanceUS exchange decided to Remove from trading list. The publication of this news caused the sales pressure of Tron to increase somewhat and its price to decrease. The TRX will be delisted on April 18. The impact of the TRX delisting news broke the 🟢support zone($ 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.
Short
by pejman_zwin
7
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.
Short
by TopgOptions
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.
Short
by TopgOptions
2
XRP/USDT Bullish Mode Activated ?XRP/USDT Technical Analysis: Potential Retracement Offers Buying Opportunity for Long-Term Growth In the last few days, XRP has seen a 10% decrease in price from the previous update. We hope you have safely booked your profits. However, we expect to see further retracement in the near future, offering an ideal opportunity for buying in at a lower price point. Our analysis suggests that the best entry point would be around $0.45-$0.40, as it has previously bounced off the 0.618 Fib level. We believe that XRP is likely to reach new all-time highs in the next bull market, making it a favorable long-term investment. It's worth noting that even though we predict a target of $5 during the next bull run, we don't suggest waiting until then to sell. Instead, it's prudent to hold a small position until $5 and book profits at each target point, which are expected to be $0.57, $0.87, $1.41, and $1.95. It is essential to remember that this is not financial advice, and we urge investors to conduct their own research before investing in any coins. However, our technical analysis suggests that XRP presents a compelling investment opportunity, with a potential for long-term growth. Overall, we recommend that investors learn and earn from this opportunity, as XRP has a lot of potential in the future.
Long
by CryptoPatel
TRXUSDT - Optimal option for position with PWH. LFT Confirm ⏺Short Entry Zone: 0.06719 TP1: 0.06375 TP2: 0.06195 TP3: 0.06020 _______________ ⏺Trend-Line: 0.06850 ⏺STOP LOSS: 0.06878 🫥After reaching the first target you can put the rest of the position to breakeven ❄️The optimal option for opening a position with PWH near the accumulation of liquidity. I am waiting for a consolidation in this range, so that I can get the SWIP collection of liquidity. Also, the best confirmation for this position at its opening will be the breaking of the structure on the LFT
Short
by JaegerB
1