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TRX

TRX (TRON)Hello Traders, As I am sure you all know it has been a rather difficult time in the trading community lately with all of the FUD and Manipulation going on. That said I wanted to put out some more detailed ideas for the community as to make it a little easier for everyone to spot a better trade set up and make their day just a little easier. This trade is for TRX or Tron. Tron is a nice platform and used by many projects, it has a fast transfer speed and is in the top 50 for market cap. An all around decent project compared to most. Here is a link to their website and their page on coin market cap for further information. tron.network coinmarketcap.com This trade idea is based on a falling wedge pattern. In which the price action has presented a bullish breakout and is currently retesting the top of the trend line of the pattern. I also noticed a bit if bullish divergence on the RSI (Relative Strength Index) at the bottom of this pattern. Which generally indicated the reversal of a trend. When you are trading you want to look for confluence between multiple indicators and market structure that all tell you the same story before you decide to make a trade as this is important to your profits and risk management always. I hope this trade helps you do that just a little bit easier. As always, have a green week! Savvy
Long
by Savvythe1
TRXUSDT "H1" TriangleAs you can see, the price was fluctuating in a triangle. Now, the triangle broke from above and we had a retest candle on broken trend line which I displayed with an arrow. Also we have a EMA50 that price could broke that too. Now, we have a resistance in EMA200. STOCHRSI gave us buy signal. We may wait for a pullback and then we can enter a long position. Please check the H4 time frame too with EMA 50 and 200 too. We can hope for a change in the trend (to a upward trend) after the two EMAs 50 and 200 had a bullish cross. **"Do not base this analysis for your trades. Analysis is purely educational."**
Long
by sahandm99
TRON Breaking Out Off Strong Support - Good Potential LongI really like the potential of this long entry as TRON breaks out off of strong support. Reason being is that even if the price reverses after the breakout, good support is there. TRXUSDT has one of the stronger USDT charts out there following BTC's collapse. It could indicate that the bulls are ready to push the price higher. The only caveat that could foil this plan is if BTC continues to sell off so have your SL ready below support just in case.
Long
by jpbrown1023
TRX USDT LONG #TRXUSDT Update: $TRX currently trading at 0.08586$ And $0.09120 IS the next resistance. So what now..? first step , TRX needs to touch the trend line (0.08358____0.07747____0.06334) second step , TRX will go up to (0.09120$___0.11863$___0.13761$) (low possibility) But If TRX breaks the $0.05919 support level thenTRX is entered in a bearish zone and My Target will be $0.04954 Hope this will not happen. My Levels: Support:0.08358$___0.07748$___0.06334$ Resistance: 0.09120$___0.11863$___0.13761$ longtime target: 0.13761$(70 days) sl: 0.5919$ Must follow me for the latest crypto real-time updates. good luck :)
Long
by ershadAAK
Ready for the $ 1 Theron? When?The main issue in any investment, and more importantly the points of sale, are the points of purchase. As you can see in the chart, Theron has two main potential buying areas in Pullback. Everything will depend on bitcoin reform. But the answer to the main question: Will Theron see $ 1? Yes and no! If you are investing in a short term, no. But if you want to invest with a vision of 6 months to a year, this is not far from expectation! My favorites: 0.091633 0.07512 0.0824
Long
by seyedalimiri
TRON TRXUSDTTRX, as you can see, has been in an uptrend channel, basically the uptrend channels are breaking from the floor. Which is clear here. TRX can pullback on the break line marked on the chart and correct again. That is why we have to wait. Because it may return to its uptrend channel. Then this exit from the channel is not considered a failure and there they will say we had a fake breakout. So we are waiting to see what he does with the break line and pullback! If approved, Goals 1 and 2 could be our target destinations. First the load signal, then the confirmation signal, then the trade. Be profitable.
by GODsPLAN777
1
TRX is more confused than everA look at TRX daily chart shows that the long-term and medium-term trends are bullish.But the short-term trend is very confusing , The price candle on September 22, for example, was very promising, but the trading volume was small , As a result, buyers were unable to offset their losses on September 23 and a Dodge candle was formed.Today the situation has become more complicated and after the formation of the Dodge candle, now the price changes with emotions.I think the downtrend is more likely Because with a simple look at the chart, it can be seen that the power of descending candlesticks is more than ascending candlesticks.In the short term, the most important support is 0.085 and the most important resistance is 0.12. This is not a financial recommendation. This is just a technical analysis.
Short
by mehran_analyzer
7
🔥 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