TRX
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!
🔥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!
💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU.
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 | DECRYPTERS | TRON | JUSTIN SUN HI people welcome to Team Decrypters
TRX is the native cryptocurrency of the TRON network and is used to facilitate transactions on the network, as well as to pay for the creation and execution of smart contracts.
we are expecting move to the upsdie Soon in tron so we are buyers in TRX
TRXUSDT using trigger on 8hr and 20 min Trigger .62704 Was testing my trigger out on a 8hr and came across this crypto,. The move is beautiful and is ready to pop. Lots of pop potential. Still waiting on the Volume to spike above avg to set off my trigger. If it does it could be a nice run. I also Lined this up with the same trigger on a 20 min.... fractal large and small time frames lining up what else could you want.
by iCantw84it
01/20/23
TRXUSDT Ready For Takeoff!TRXUSDT Technical analysis update
If the price breaks above the resistance line then we can expect a good up move in Tron.
Buy zone: Below $0.062
Stop loss: $0.054
Take Profit 1: $0.068
Take Profit 2: $0.077
Take Profit 3: $0.092
Take Profit 4: $0.115
Always keep stop loss
Thanks
Hexa
TRX: Overbought at ResistanceTRON (TRX) technical analysis:
Trade setup : Price rebounded from $0.05 support and rallied hard above 200-day moving average, down trendline, and reached $0.065 horizontal resistance. However, it’s overbought (RSI > 70) and likely to pull back before resuming uptrend.
Trend : Uptrend on Short- and Medium-Term basis and Downtrend on Long-Term basis.
Momentum is Bullish ( MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance : Nearest Support Zone is $0.058 (previous resistance), then $0.050. The nearest Resistance Zone is $0.065, then $0.070.
Tron is a low-risk investment, but better than gold and TetherI think that Tron is one of the least risky currencies in the market, which maintained its stronghold and did not experience a large drop, and now I believe that in the weekly analysis, Tron can be considered as a safe and more profitable investment than gold and gold.
For the medium term and of course the long term
Good luck
TRX Long-Term Triangle Possibly Ending NowBased on the time target for wave-E, as well as some longer term time targets, it is starting to seem more and more likely that the low is in and TRX is readying to break out to the upside.
Confirmation will come when we actually break the upside of the triangle, when we have that confirmation we can be more confident that this is going to move towards all time highs early next year. For now, probabilities seem to be favoring a long-term bottom formed for cryptocurrency as long as December's low continues to hold. If we see a break of December's low then I would suspect we see more downside across the crypto markets, probably at least another -20%.
At this point it is becoming increasingly dangerous to be short any major crypto unless we can get a clear break of December's lows. Unless that happens, I think the best move here is to be slightly long with tight stops under December's low, or flat until we get a better long confirmation.
TRX - Tron is Ready to Breakout of a 2 Year Bullish Pennant!You will be hard-pressed to find a more bullish USD alt chart out there. Tron has a beautiful bullish continuation structure here on the daily that has been forming since the COVID crash in March of 2020. This massive pennant the price action has bouncing within is almost 2 years in the making. I think the breakout here could be huge. The price action is currently repeating the same exit pattern it had back in 2021. If Tron breaks out, buckle your seat belts and HODL on tight! I'm long here.
Tron TRX chances of a sell-offTRX is a collateral in the stablecoin USDD, that keeps depegging!!!
This week I predict another selloff in the stock and crypto market after the CPI report on January 12.
My price targets for Tron TRX are:
TRX/USDT short
Entry Range: $0.052 - 0.055
Price Target 1: $0.049
Price Target 2: $0.045
Price Target 3: $0.030
Stop Loss: $0.062
TRX: Positioned for Significant Growth in 2023TRX Gold Corporation has long been suppressed along with other junior miners. As anyone who has invested in junior miners over the years knows, the bear markets in junior mining stocks are often brutal, with 80-90% drawdowns.
When the bear market ends, however, the asset price has been so suppressed that it can easily spike 1000% or more, as the valuations have, by then, become so absurdly low vs the measured resources in the ground.
TRX has many great things going for it, which are not yet reflected in the stock price.
• The company had long been starved for cash and was forced to issue shares into a down market to fund its development and continued operations. This has placed downward pressure on the stock price along with sector-wide bearish pressures.
• The company has completed and fully commissioned its 1,000 tonne per day processing plant. It is now in full operation. With this plant, the company is now making all the money it needs to fund its operations at the Buckreef mine. No more cash burn or share issuance will be necessary to build a future for this company. A turning point has been reached.
• Gold recoveries using new processing plant are 90%, so they are making good use of the resources they're extracting.
• The exploration drilling at the Buckreef site is continuing to show that the resource may be much larger than originally thought.
• The TRX share price may be breaking out of the recent down-trend.
• With the processing plant in full operation from the beginning of 2023, the company is going to have a tremendous amount of cash to work with, to keep developing the company. Every new investment will lead to even more growth in the company.
• The Buckreef resource has 43-101 resource of over 20,000,000 ounces
• Q4 2022 Cash costs of only $560 per ounce of gold with gold trading around $1700-1800.
The company has consistently delivered on the promises of the current management team and likely will going forward.