TRXUSDT Symmetric Triangle Breakout!TRXUSDT Technical analysis update
Buy zone: Below $0.071
Stop loss : $0.062
Take Profit 1 : $0.078
Take Profit 2 : $0.090
Take Profit 3 : $0.105
Take Profit 4 : $0.128
Swing trade setup
Thanks
Hexa
TRX
TRX triangle breakoutPlease 1st of all click the boost 🚀 button if you want me to post more ideas and follow me to support my work! It's absolutely for free.
Tron broke up this triangle📐 and now backtested it's upper edge. I think there is chance for run to 0.06905 and even lower. Buying here makes sense to me.
ENTRY : @ 0.06270
STOPLOSS (SL) : local high @ 0.06093
TARGET (TP) : height of the triangle projected from midpoint of the local range @ 0.06905
REWARD RISK RATIO (RRR) : 3.3
INVALIDATION : when SL level hit
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TRX inverted H&SIn the beginning of this year Tron broke up the major downtrendline☝️. Then after this👇 sucessful call...
... TRX formed Inverted Head and Shoulders 🤷 on the daily timeframe and triggered the pattern by breaking the neckline up (zoom in to see the details). Price then fell back down below the neckline and recently broke up once again. I think there is chance for run to 0.08555 and even higher. The yellow uptrendlines could act as a guide.
INVALIDATION (SL) : Right Shoulder @ 0.05879
TARGET (TP) : Inverted H&S target projection @ 0.08555
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TRX ready to for a break-out
TRX was stuck under the longterm trendlines(s) while many other big cap in top 20 had already break-out.
BTC turns bullish is a good opportunity for TRX to break the trendline and fly.
MFI indicators had already in good buy region supporting this break-out.
$TRX/#BTC [#TRON]: Resistance_Breakout_ConfirmationWe've detected a Resistance Breakout and Confirmation on the $TRX / $BTC chart. The price has broken above a key resistance level and has been confirmed by a strong candle, indicating a potential bullish trend. The next resistance key levels are at 0.00000309 | 0.00000325 | 0.00000358 and the major support zones are respectively at 0.00000276 | 0.00000259 | 0.00000226. We may consider entering a trade at the current price zone at 0.00000304 and targetting higher levels.
Technical Metrics :
Current price: 0.00000304
24H Volume: 128.1084 Ƀ
24H Price change: 3.401%
- Pivot Points - Levels :
Resistance: 0.00000309 | 0.00000325 | 0.00000358
Support: 0.00000276 | 0.00000259 | 0.00000226
Indicators recommandation :
Oscillators: SELL
Moving Averages: STRONG_BUY
Technical Indicators Summary : BUY
- In-depth TRXBTC technical analysis on > Tradingview TA page
What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
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TPX may test global highsOn the chart, 1 week TF:
0.14927 - the global resistance level, a global correction or a local downtrend started from it!
0.04637 - acts as a support and trend break level. local trends from it repeatedly changed the downtrend to a local uptrend. has confirmation.
0.08846 - mirror level! after its formation and confirmation in the form of resistance, the price of the asset updated local lows and confirmed the presence of the level of 0.4637.
0.06550 - local resistance level formed for 1 week TF. Has confirmation in the form of touches!
Pay attention - after a false breakout of the level of 6550, the price of the asset did not turn around, but now it breaks through it again. Just as important is the descending line of clubs that was broken 4 attempts!
It is important to understand that the price of an asset may continue to find a flat and continue to move sideways, however, this does not exclude the possibility of trying to trade with a stop and positionally.
Tron's price volatility range is expected at a level of $0.060For the current week, we can expect the trend to be in the range for the current week, as long as we do not have a strong return below the $0.060 level. But if the selling pressure increases, Tron's price decline can continue to the bottom of the channel, i.e. the support range of $0.056 to $0.058. This week, the TRX price volatility range is expected at a level of $0.060.
TRON Weekly View - February 2023Hello Guys, Weekly Analysis is on the TRXUSDT Symbol in a 4H Time frame, I Hope it Will be Useful for You, Don't Forget to Like, Follow, Comment
Contracting Bollinger Bands on the 1W chartHello?
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(TRXBTC 1W Chart)
The key is whether it can rise above 0.0000 0318 in order to release the upward force.
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(TRXUSDT 1W chart)
The key is whether it can be supported at 0.06427.
In particular, as the Bollinger Bands are contracting, volatility is expected in the near future.
(1D chart)
It is important to be able to rise above the 0.06427-0.06532 section and be supported.
If not, you should check for support around 0.06004.
TRX is holding the price near the M-Signal on the 1M chart, so it can be clearly seen that the long-term trend is about to turn into an uptrend.
Therefore, as mentioned in the explanation of the 1W chart, it can be seen that the current position is located in a very important section.
If the mid- to long-term wiggle starts, there is a possibility of touching around 0.05358, so you should think about how to respond now.
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** All descriptions are for reference only and do not guarantee profit or loss in investment.
** If you share this chart, you can use the indicators normally.
** The MRHAB-T indicator includes indicators that indicate points of support and resistance.
** Check the formulas for the MS-Signal, HA-Low, and HA-High indicators at ().
(Short-term Stop Loss can be said to be a point where profit or loss can be preserved or additional entry can be made by split trading. This is a short-term investment perspective.)
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$TRX/#BTC [#TRON]: Resistance_BreakoutHey traders, we've identified a Resistance Breakout on the $TRX / $BTC chart. The price has broken above a key resistance level, which can indicate a potential bullish trend. Taking in consideration the next resistance key levels are at 0.00000286 | 0.00000293 | 0.00000311 and the major support zones are respectively at 0.00000268 | 0.00000257 | 0.00000239. It is a bullish indication and we may consider entering at the current price zone at 0.0000029 and targetting higher levels.
Technical Metrics :
Current price: 0.0000029
24H Volume: 101.4721 Ƀ
24H Price change: 1.045%
- Pivot Points - Levels :
Resistance: 0.00000286 | 0.00000293 | 0.00000311
Support: 0.00000268 | 0.00000257 | 0.00000239
Indicators recommandation :
Oscillators: NEUTRAL
Moving Averages: STRONG_BUY
Technical Indicators Summary : BUY
- In-depth TRXBTC technical analysis on > Tradingview TA page
What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
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TRX/USDTesting/tracking elliot wave theory. Please do not trade off idea without S/L. Not financial advice.
I had to draw some data in here that was not shown (white squiggly lines) Without full data on a chart, it's hard to count waves accurately. This chart is on the weekly timeframe.
I cannot predict time, however I am trying to with this chart. Future resistance and support lines are also predictions.
RR: 9
Possible upside: 480%
Possible downside: 53%
Finally Band Breaks Channel Descending Channel breakout has already Confirmed
Seems Like Band Is ready For Massive bounce
Expecting 350 to 400% bulish Wave In Midterm
TRON Weekly View - February 2023Hello Guys, Weekly Analysis is on the TRON Symbol in a 4H Time frame, I Hope it Will be Useful for You, Don't Forget to Like, Follow, Comment
Trxusdt Getting Ready Forming Symmetrical Triangle In weekly Timeframe
Incase Of Breakout Expecting 500b to 600^ Bulish Move Keep Eyes On That
Place stoploss Below Blackline
TRXUSD - Potential Long after Squeeze. 50% ProfitWe received a strong Buy signal through Crypto Tipster v2 recently, after drawing a few trend lines and support/resistance horizontal rays it looks like this triangular squeeze is coming to an end, a large breakout is iminent.
As we are already sat on a strong area of support, our thinking is that breakout will be in an upward direction, with the next level of resistance bringing around 50% profit, or more!
TRX Breaking Out the Triangle which is the 4th WaveTRX Breaking Out the Triangle which is the 4th Wave. Projection based on 0.618% fib extension.
TRX/BTCThis is weekly chart - I am not intraday scalper.
Now Iam in previous accumulation area, I believe this is about time.
First stop will be around 350, second 850.
My position at 147.
🔥TRON IS GOING TO BREAK THE 2-YEAR TRIANGLE: PUMP SOON?🚀🔥Hi friends! First of all, take a look at the chart. See how the whales accumulate their positions: sl hunting and volume confirmation? This is a perfect example of how they work.
📊 MY TRADING PLAN FOR TRX:
1. squeeze to the trendline
2. sl hunting below the POC area ($0.06-0.064)
3. bullish BTC
🚩 I think that this squeeze to the global trendline will be successful and TRX will break it with PUMP. This will be the best scenario,
✅ MY TARGETS FOR TRX:
🔥 $0.072 - the key level
🔥 $0.092 - the key level
🔥 $0.12 - the local high and key level
Traders, will TRX become the top gainer of the bull market? According to this triangle pattern, the target is at least +290%. Write your thoughts in the comments!
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P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
#TRX/USDT [TRON]: Descending_ChannelWe've detected a Falling Wedge pattern on the $TRX/USDT chart. This pattern is a bullish indication and could indicate a potential trend reversal. We may consider buying at the current price zone and targetting higher level.
TRON Weekly View - JANUARY 2023Hello Guys, Weekly Analysis is on the TRON Symbol in a 4H Time frame, I Hope it Will be Useful for You, Don't Forget to Like, Follow, Comment
