TRX
TRX is in the BIG channel! Wait for a pullback!Tron (TRX) is in the BIG channel! After falling by 22% like last time, the price began to rise. Now we are touching the lower boundary of the channel! This could be a trigger for growth or at least a local pullback.
Pay attention to the volumes - this is an indicator of a BIG player!
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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 1h ShortSetup: On the 1h TF, TRX is on a downtrend and just break below the 200 EMA. It is also below the control point. Comparing with the higher TF, there is also low volume between the entry and our take profit level This means that there is more chance for our trade to run
Entry: 0.06986
SL: Trailing Sl of 3.1 ATR, currently at 0.072
TP: 0.06
TRX/USDT BUYING SET UPTRX Breakout from bearish trend or major descending channel, Any pattern EVE ADAM and valid breakout, and Now TRX on retest resistance become support after break from EVE ADAM pattern
RSI on Daily or lower timeframe showing overbought , Maybe need sideways in few days before continue make new higher high
Entry : 0,0725 , 0.071 , 0.0695
Target : 0.08 , 0.086 , 0.092 , 0.101 , 0.109
Stoploss : $0.065
Risk : 10%
TRON - Update ✅Let's see how TRX is behaving.
This is a 1D chart. (Mid Term)
TRX is now the first trend on Twitter.
It looks like it has safely passed the support/resistance level on the chart and, after confirmation, will turn it into a local support level. This can start a new uptrend for TRON.
Support levels: 0.06342
Resistance Area: 0.08169
Bollinger Bands can work as support and resistance too. Here is an example:
The market is showing BUY volumes for TRX.
Two resistance levels push down on value, and one support level holds the price high and shows strength. The higher band can work as resistance.
The Middle Bollinger Band can push down the value, and the Lower band pushes the price up.
If the price crosses the local resistance and stays above it for confirmation, we can open our long positions, aim for the next resistance, and use it as a TP point.
The RSI shows that TRX is above the 50 levels, the center.
If you want to know how the RSI indicator works, take a look at this Educational Idea. It'll help you have better readings:
Current Market Price: $0.07171
Let me know your ideas.
Good luck.