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TRX

🔥 TRX Still In A Bullish Channel: Two PossibilitiesSince the major reversal of crypto late July, TRX has seen a strong uptrend. As of early this morning, TRX has bounced off the lower trend line of the channel. This might be a temporary bounce. The overall view on the market is quite bearish. Add the turmoil in the stock market to this, and we've got a potentially strong bearish on our hands. In case of a bearish break out of the channel, I'm targeting $0.775, which is placed at the last significant low. In a bullish scenario, I'm looking at the $0.105 resistance. In case the stock market shrugs this move off, we might see a rebound fairly soon. Happy trading!
by FieryTrading
8
TRON - Overlook ✅TRON has two main supports on the way down: one local for short term and one key support for long term which is the area we've consolidated on for a while. I said on the way down because TRX also is going through corrections, just like the whole market, and we're not sure when it'll stop since there are strong sell volumes on the market. Not a good time for opening long positions at all, not safe at all. Use this chart as your trade setup for now. Current Market Price: $0.09321 Good Luck Tell me your ideas. Like and Share
by ShawnMCR
4
TRON at a 13% Discount - Potential Entries Before Next Leg UpA quick post that I thought was worth mentioning. Tron reset the RSI correcting ~13% since last night. When I saw that it was sitting on a confluence of support level from several different trends, I couldn't control myself and bought some more TRX at this 222 sat level. Bitcoin just had a little shakeout to $46750, but maintained it's bull flag. If it can show some strength and have a solid breakout beyond $48,000, I think we can expect a bullish continuation from TRX. The price could really fly if it breaks out against BTC.
Long
by jpbrown1023
TRX will see high prices when it breaks out!Here's a quick look at TRX 2 days chart. As we can see, the price has been going sideways and has printed a big symmetrical triangle. The price will probably revisit previous ATH when it breaks out. Definitely one to keep an eye on. The best entry would be, when the price breaks above the symmetrical triangle with good amount of volume . ------------------------------------------- The idea is: Buy the breakout from the symmetrical triangle and take profits at the levels shown in the chart. Targets: - Profits can be taken in the resistance zone . 1. 0.14$ 2. 0.148$ 3. 0.18$ ------------------------------------------- If you like the content, then make sure to comment and like the post :D Follow me for daily profitable trading setups BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
Long
by MBM_Crypto
5
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
🔥 TRX Bullish Channel Break Out?A couple of days ago I made an analysis on TRX. In this analysis I argued that it was likely for TRX to reverse before taking another shot at $0.12. The reversal did indeed occur, but was stronger than anticipated. in the end, the $0.10 support held and TRX is currently trading around $0.12. Either of two things can happen now. The bullish scenario would be for TRX will copy Bitcoin's bullishness and break out of the current bullish channel. In the bearish scenario I'm looking at a reversal towards the support area between $0.107 - $0.10, which will function as a spring and launch TRX back to $0.12 and ultimately $0.15. Happy trading!
Long
by FieryTrading
4
TRX 12h How much more to grow The last time we did a global idea for TRXUSDT was in May of this year, less than two weeks before crypto prices started to collapse (ohhh, then we read a lot of hate .... "what are you writing, this growth can't be stopped, etc." but :) Since then, the price of TRXUSD has managed to fall by -65%: The TRXUSD price has been rising almost uncorrected for the past two months and has almost worked off all of its losses. The TRXUSDT price has been trading in a 20% corridor of $0.10-0.12 for the last few days and most likely, buyers are preparing for another upward momentum. To confirm their strength, buyers should at least keep the TRX price upper $0.10 for the next few days and at most hold above $0.12. We assume that the growth retardation can start in the range of $0.13-0.144 , in this zone fully compensates for the May fall. Deceleration in this area may be provoked by the fact that traders, who had been in a drawdown for 5 months, will want to fix position at break-even and forget about this negative experience. If the area of $0.130-0.144 will not have critically large trading volumes, it will be a signal that the sell-off time has not come yet , and the growth itself may continue at low volumes, as it has been doing for the last months. Targets for a move higher are shown on the chart — $0.155 and $0.169 _____________________ Do you like the idea fulfilment? Does it help you trade and make a profit? Do you want more forecasts from us? Give us motivation! (Like, comment and donate). These little things won't make us rich, but they will warm the trader's soul while writing the next idea!
by P_S_trade
48
TRXUSDT Mid-term AnalysisHello guys According to this chart We had finish a rally a few weeks ago and until 3-4 weeks ago we are in downtrend until the important zone that we shown on chart support the price After the second zone that shown in pink color we can say up trend is beginning and we are in floor price upward trend until the pink zone is not break down with powerful candle and close it below them the up trend is valid you can buy and take long position in buy zone and then put stop loss where we are putting it then put TP and watch we think this year with this bullish market TRX can touch target over a dollar ( 1$ ) but this is just prediction , the market should move and then we update our analysis and predict new target Trx project is powerful Good Luck Abtin
Long
by Abtin00
2