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TRX

TRXUSDT.1DAnalyzing the daily chart for TRX/USDT, several key technical indicators and support/resistance levels can help inform trading decisions. Key Resistance and Support Levels: Resistance 1 (R1): $0.14599 - This level currently acts as the immediate resistance. A breakthrough this point could signal bullish continuation. Resistance 2 (R2): $0.18044 - This represents a higher target and previous peak that could act as a significant barrier. Support 1 (S1): $0.09421 - Serving as the nearest support, this level has seen historical price interactions that suggest it might offer substantial buying interest if retested. Support 2 (S2): $0.04774 - A lower support level, indicating a substantial drop from current levels, yet important in the case of a major bearish turnaround. Technical Indicators: Relative Strength Index (RSI): The RSI at 59.87 is moderately high, suggesting that there is still some upward momentum left before reaching overbought conditions (RSI of 70). Moving Average Convergence Divergence (MACD): The MACD line is above the signal line and both are trending upwards, indicating current bullish momentum. However, the proximity of the lines suggests a potential for volatility or a trend change if they start to converge further. Trend Analysis: The chart demonstrates a significant upward trajectory following a recent bullish momentum. The key will be whether TRX/USDT can sustain this momentum and break through the resistance at R1. The overall trend from the lows indicates a strong recovery and potential for further upside if the broader market conditions remain favorable. Conclusion: Given the bullish indicators and the price's recent behavior, TRX/USDT might be positioned for further gains if it can breach the immediate resistance at R1. Traders might consider taking long positions near current levels or on small retracements towards S1, setting a stop-loss below this support to manage risk. Conversely, a fall below S1 might suggest a bearish shift, potentially exposing the next support level at S2 for testing. Continuous monitoring of the RSI and MACD will be crucial, as these will provide early signals for any loss in momentum or potential reversals. As always, external factors such as market sentiment and news should also be taken into account to align with overall crypto market trends.
by MarsSignals
1
TRX is pumping. Time to buy? Here is whyTRX is going higher on the weekly chart. We have a reliable uptrend without any issues, and the trend should continue in the next few weeks. On the chart, you can see a descending triangle that broke bullishly. What does it mean? Usually, when a descending triangle breaks bullishly, we want to buy it with a profit target at the top of the triangle, which is at 0.18 USDT. This is where you want to take a profit before a huge bearish correction. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades! Trading is not hard if you have a good coach! TRON has positioned itself as an environment where content creators can connect with their audiences directly. By eliminating centralized platforms — whether they are streaming services, app stores or music sites — it is hoped that creators won’t end up losing as much commission to middlemen. In turn, this could also make content less expensive for consumers. Given how the entertainment sector is increasingly becoming digitized, TRON could have a headstart in applying blockchain technology to this industry. The company also says that it has a talented and experienced developer team, based around the world, that has been drawn from major companies such as Ripple Labs. Last but not least, whereas some other blockchain projects can be opaque about their plans for development, TRON offers a point of difference by delivering a roadmap that shows its intentions for the coming years. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades!
Long
by Xanrox
8
TRX's Next Bull Run Will Melt FacesTRX has never held this strong compared to other bull runs. It's printed an interesting 3-year old bull flag. And if the price holds well above and retests with conviction, we could see the start of an impulsive wave next. TRX has historically been the punching bag of negative sentiment in crypto and that is changing. Justin Sun has recently embraced his bias and has gone fully decisive with the introduction of the offshore Chinese Yuan (CNH) support and going as far as touting its strength vs $USD. I put my TP for the next bull run. The price puts TRX at a MC of $128B or 10x its MC from the previous ATH. 10x is in my opinion a conservative figure in crypto. If there will be a blow off top then TP2 is it IMO. Not Financial Advice
Long
by LockedAndLoaded
14
TRX/USDT assessing key support? 👀🚀TRON analysis💎 Attention, Paradisers! Keep a close eye on #TRXUSDT. It’s currently showing a promising upward trend from a critical support zone at $0.10921. 💎 Historically, #TRON has adhered to a descending channel pattern, consistently forming lower lows and lower highs. Right now, it’s positioned at a crucial support level of $0.10921. If the price maintains its momentum here, we could be on the verge of a significant bullish surge. 💎 As prudent traders, we need to be prepared for various scenarios. While a bullish rebound from a lower support level at $0.10017 remains a possibility, dipping below this level could trigger a marked bearish downturn. 💎 Stay adaptable with your strategies and make well-informed decisions, Ladies and Gentlemen of ParadiseClub. Your ParadiseTeam is diligently monitoring the market to navigate these opportunities effectively. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Simon
1
TRX Tron Technical Analysis and Trade Idea PLUS My Trading Plan In this video, we delve into a comprehensive technical analysis and trading concept for TRX (Tron). Our assessment reveals a potential trade opportunity. We meticulously analyze the current price action, closely scrutinize market structure, and incorporate market dynamics. Based on favorable conditions, we identify a potential entry point. However, it is crucial to underscore the significance of implementing robust risk management strategies. Please note that this video is purely educational and should not be construed as financial advice.
Short
by fxtraderanthony
6
Touching the HA-Low indicator means...Hello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- (TRXUSDT 1M chart) It appears that a new HA-High indicator is about to be created. Accordingly, we need to check whether the HA-High indicator is generated at the 0.10447 point. If the HA-High indicator is created at the 0.10447 point, the key is whether it can be supported and rise around that area. (1W chart) The key is whether the price can be maintained by receiving support in the current section and rising above 0.13052. If not, and it falls below 0.786 (0.11732), it is likely to fall to around 0.618 (0.10288). If it falls like that, there is a high possibility that it will turn into a downward trend, so you need to think about ways to respond to the decline. (1D chart) The HA-Low indicator was first touched on August 20, 2023, and then again on March 21, 2024. Accordingly, the key is whether it can be supported and rise around 0.12002, which is the point where the HA-Low indicator is currently formed. The HA-Low indicator is an indicator that indicates the boundary of the low point section. Accordingly, support from the HA-Low indicator can be said to mean that a bottom section is forming. If it falls below the HA-Low indicator, it means that the low point is renewed, and a cascading decline is likely to continue. Therefore, a trading strategy should be created depending on whether support or resistance is found around 0.12002, which is the currently formed HA-Low indicator point. Since the MS-Signal indicator is formed around 0.12296, the key is whether it can rise above 0.12296. If that happens, there is a high possibility that it will rise near the HA-High indicator, so there is a possibility that it will rise to around 0.13997, which is the point where the HA-High indicator is currently formed. However, as the price rises, there is a possibility that a new HA-High indicator will be created, so if a new HA-High indicator is created, support must be received near it to continue the upward trend. TRX is one of the coins that is expanding the coin ecosystem. I think it will be a good textbook for expanding the coin ecosystem I selected and understanding the trend as the first coin to touch the HA-Low indicator. Have a good time. thank you -------------------------------------------------- - The big picture The full-fledged upward trend is expected to begin when the price rises above 29K. This is the section expected to be touched in the next bull market, 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (when overshooting) 4th: 13401.28 151166.97-157451.83 (when overshooting) 5th: 178910.15 These are points that are likely to encounter resistance in the future. We need to see if we can break through these points upward. Since it is thought that a new trend can be created in the overshooting area, you should check the movement when this area is touched. #BTCUSD 1M If the general upward trend continues until 2025, it is expected to rise to around 57014.33 and then create a pull back pattern. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
TRX- USDT...HINT- Ticking Bomb! 💣🔥 23/03/24With ENTRY area @ 0.12050 or around it is not too late to "jump in". TP @ 0.13634 or around... WARNING ⚠️: TREAT COUTIOUS, COS IT IS A "TICKING BOMB"! It can make a "crazy" dance all over chart before going to hit TP! Don't gamble & properly trade only....! It was done using purely technical analysis only... & only...😁 PS: not able to post many more trades, which one in the progress or just endup in profit , cos of lack spare time , sorry....over incoming weekend I will try to share majority of them .. Live Long & Prosper!🖖
by G-money2022
TRX Achieves Third Target with a 74% Surge! 🚀🚀 Exciting news for TRX enthusiasts! The TRX cryptocurrency has successfully hit its third target, experiencing a remarkable 74% surge. The current price stands at an impressive $0.011349, marking a significant milestone in TRX's upward trajectory. Traders and investors are buzzing with anticipation as TRX continues to showcase its resilience and potential for substantial gains. Stay tuned for further market insights and potential opportunities in this dynamic digital currency landscape. #TRX #CryptoSuccess
Long
by SafeCryptoSignals
3
Why +208% on TRX is an underestimation ?#TRX/USDT Analysis Description --------------------------------------------------------------- + TRX has been moving upwards slowly while forming the cup pattern. + This slow move of the TRX has given it enough time for the accumulation + Once the price breaks this resistance line i'm expecting back to back God Candles. + This is a good opportunity to enter a LONG position with TRX. --------------------------------------------------------------- VectorAlgo Trade Details ------------------------------ Entry Price: 0.13866 Stop Loss: Below 0.09780 ------------------------------ Target 1: 0.17930 Target 2: 0.22480 Target 3: 0.30028 Target 4: 0.43250 ------------------------------ Timeframe: 1W Capital: 1-2% of trading capital Leverage: 5-10x --------------------------------------------------------------- Enhance, Trade, Grow --------------------------------------------------------------- Feel free to share your thoughts and insights. Don't forget to like and follow us for more trading ideas and discussions. Best Regards, VectorAlgo
Long
by VectorAlgo
6