Tron breakout has been climbing my dotted measured move lineEver since it broke up from the cup and handle pattern that I posted a chart about a week or 2 ago price action has been climbing the measured move line like a staircase this whole time so far. Always a remarkable thing to witness imo. You cant really get a good view of how it has been climbing this line on the previous chart idea I posted on it because its all the way zoomed out to show just how high the end target of this dotted line goes, and I think it. May have also been on the weekly timeframe where as this chart here is showing the daily and is more zoomed in to properly illustrate how price will often climb the measured move line after validating a breakout. So far this is a text book example of such behavior. Hopefully it continues to do so. I will post a link to the previous Tron idea with the more zoomed out look at the chart below as well. *not financial advice*
TRX
Could TRON #TRX 6X v #BITCOIN TRXBTC
has very good market structure
(higher high's , higher lows's)
for the past 3 years.
Overlooked , & under-appreciated it seems like, in my view on it's sentiment on Justin's success of network adoption.
We can see a clear Inverse head and shoulders
with a very key neckline level
that if broken with strength
could a indicate a run at the LOG target.
A disappointing TRX may only reach the linear target and not much beyond.
My TRXUSD chart which I am watching also does point to a stellar Bull market for TRX
Tron is above the neckline of a long standing logchart C&HStill working on a weekly candle close above the rimline of this cup and handle and also the top trendline of an even bigger symmetrical triangle pattern seen here on the logarithmic weekly chart. The smaller and more realistic potential breakout target here is for the cup and handle pattern, the one that’s al the way up at $23 is the target for the symmetrical triangles breakout. Seems improbable that Tron could somehow reach a price as high as $23 when considering how sketchy Justin Sun has seemed over the last few years but that is indeed what the chart reveals. I think the smaller cup and handle breakout target is much more probable. For now though we still don’t even have a weekly candle close above the rimline yet, so before getting too excited about Tron s price action I’d need at least 1-2 weekly candle closes above that trendline…maybe even 3-4. Something to keep an eye on here. *not financial advice*
TRX-USDT / 4H / TECHNICAL ANALYSISBINANCE:TRXUSDT I have set the resistance at 0.13017, support at 0.09559, and the daily pivot point at 0.10475 for TRXUSDT. My target is 0.12308, and this target remains valid as long as the trend line is not broken.
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Feel free to post your ideas and questions at the comments section.
Good luck
#TRXIt is moving in a medium-term ascending channel in H4 time, which is currently above 61.8 Fibo. If the current area is maintained, it will have the ability to reach the red box area. Otherwise, it can make a correction to the lower area of the demand area. and then, if approved, he can move up to the roof of the channel
TRXUSDT.1DBased on the provided market data, the cryptocurrency TRX (Tron) is currently trading at $0.11 against USDT (Tether).
From a technical analysis perspective, the Relative Strength Index (RSI) for 4 hours, 1 day and 7 days are 55.83, 61.70, and 73.28 respectively. These values indicate that TRX is neither oversold nor overbought in the short term (4h), but it is approaching overbought territory in the daily (1d) and weekly (7d) charts. This could indicate a potential pullback in the future, but it also shows a strong upward momentum.
The Moving Average Convergence Divergence (MACD) for 4 hours, 1 day and 7 days are 0.00029, 0.0015, and 0.0082 respectively. The positive MACD value indicates an upward trend.
The Bollinger Bands (BB) values suggest that TRX is trading within a relatively stable range, with the potential for volatility based on the BB values for 4 hours, 1 day, and 7 days.
Looking at the support and resistance levels, the immediate support is at $0.10. If the price drops below this level, the next supports are at $0.098 and $0.095. On the upside, the immediate resistance is at $0.1177. If the price breaks this level, the next resistances are at $0.1244 and $0.1274.
Based on this analysis, TRX is showing signs of a strong bullish trend in the short term. However, as it is approaching overbought levels, there is a risk of a potential pullback. It would be advisable to watch the support and resistance levels closely for potential breakouts or rebounds. Please note that this analysis is based on the current market data and can change with market conditions. Always do your own research and consider your risk tolerance when investing in cryptocurrencies.
Signal again in high & low(TRX)❤️❤️Thanks for boosting 🚀 and supporting us!
📊 (Entry) : 0.10233(buy)- 0.10832(sell)
🔴 Stop Loss : 0.1(buy)- 0.11035(sell)
🎯 Take Profit : TP-1 = 0.10357 (TP-2 in entry reverse position)
🔗 For more communication with us, In the footnote and send a message in TradingView.
👨🎓 Experience and Education: Our trading team has five years of experience in financial markets, especially cryptocurrencies.
TRXUSD - Global Idea dump on 37% in autumnWhat will happen to the coin in the near future with a high probability. Buy exclusively from these zones and the red zone is a squiz zone if bitcoin is very bad and it falls badly in autumn. The expected start of the bull race on TRON TRX is waiting for a week-long candle on November 14
Tron(TRX) is ready to fallTron has reached and reacted to the extreme orderblock of the minor structure in the daily time frame.
We expect it to start downtrend and fall from this point.
The only way to faild this analysis is a candle closes above the extreme order block, which is also very unlikely.
This is my personal analysis and its not a financial advice.
TRX Gold Corp: A Golden Future Unveiled in Q1 2024
TRX Gold Corp ( AMEX:TRX ) has recently unveiled its first-quarter results for 2024, today painting a picture of triumph in the competitive world of gold mining. The company's robust performance in terms of operating cash flow, gross profit margins, and expansion plans for the year has positioned it as a shining star in the industry.
Impressive Financial Performance:
TRX Gold's ( AMEX:TRX ) first-quarter results reveal a stellar performance, with the company successfully pouring 4,927 ounces of gold and selling 4,895 ounces. The positive operating cash flow of $5.1 million, coupled with a gross profit of $3.7 million and an impressive margin of 40%, underscores the efficiency and financial acumen of the company's operations. Notably, the Adjusted EBITDA of $2.6 million further adds to the glowing financial picture, showcasing TRX Gold's ability to navigate the complexities of the market with finesse.
Strategic Expansion Plans:
Looking ahead, TRX Gold's optimism for 2024 is palpable, with estimated gold production ranging between 25,000 to 30,000 ounces. The company's commitment to maintaining an average cash cost per ounce between $800 and $900 reflects a dedication to operational efficiency and cost management. The ongoing expansion plans, including the increase in processing capacity to 2,000+ tonnes per day, signify TRX Gold's forward-thinking approach to meeting rising demand and securing long-term growth.
Milestones Achieved:
TRX Gold's expansion project is well underway, with the recent arrival of a new 1,000 tpd ball mill on-site in October 2023. The commencement of earthworks for crucial components such as the ball mill plinth, tank line foundation, and bund wall for additional leach tanks emphasizes the tangible progress the company is making in enhancing its infrastructure. The Buckreef Project, where TRX Gold operates, benefits from full licenses for mining and gold extraction, providing a solid foundation for the company's ambitious plans.
Commitment to Sustainability:
TRX Gold's commitment to sustainable growth in the gold mining industry is evident in its reinvestment in the Buckreef Project. The company's dedication to advancing the mill expansion and constructing an expanded tailings storage facility highlights a responsible and forward-looking approach to environmental stewardship.
Conclusion:
TRX Gold Corp's first-quarter 2024 results showcase not only a successful past but also a promising future. The company's commitment to excellence, coupled with its impressive financial performance and strategic expansion plans, positions it as a frontrunner in the gold mining industry. As TRX Gold continues to shine in the market, investors and industry observers alike can look forward to a golden era of growth and success.
TRX (Y24.P1.E1) Macro overviewHi traders,
We spoke about this recent level in our forum and the trading opportunity given,
Details below.
Here is my macro overview with Elliot wave count aligned with fibonacci.
The daily 200 moving averages are the key for the macro trend and its possible that we range here or keep going to the fib extension of 618 in the short period.
Enjoy.
Regards,
S.SAri
The setup
The results
$TRX/BTC 1W (#Binance) Falling broadening wedge retestTron printed a bullish hammer on 200MA weekly support, looks like a golden opportunity!
⚡️⚡️ #TRX/BTC ⚡️⚡️
Exchanges: KuCoin, Binance
Signal Type: Regular (Long)
Amount: 4.5%
Current Price:
0.00000233
Entry Targets:
1) 0.00000223
Take-Profit Targets:
1) 0.00000348
Stop Targets:
1) 0.00000173
Published By: @Zblaba
$TRX #TRXBTC #Tron #DPos #SmartContract
Risk/Reward= 1:2.5
Expected Profit= +56.1%
Possible Loss= -22.4%
Estimated Gaintime= 9-10 months
tron.network
Tron(TRX): Waiting For Resistance To Be Reached! We noticed rather strong resistance, which has been in decline here. The vision is clear here: we want to see another touch in the upper zones and a potential drop from there!
EMAs are currently holding the price, which seems like a good spot to bounce toward resistance.
Swallow Team
TRX | USDT - Tron is part of my Top picks for 2024The recent one-day Tron price analysis confirms a noticeable recovery in the cryptocurrency value today. The price has been covering an ascending path since the past 24-hours, as the buying activity is on the rise. Because of the latest upward spike, TRX/USD value has leveled up to $0.1028 high. On the opposite hand, the Moving Average (MA) value dropped down to $0.1028 because of the previous bearish activity.
TRX/USDT Bullish Potential from Support Zone? 👀🚀TRON Analysis💎 Paradisers, let's focus on #TRXUSDT as it’s currently displaying a compelling pattern. The asset is exhibiting signs that suggest a bullish continuation from its support zone.
💎 Reflecting on #TRON recent market behavior, it has adeptly maneuvered through a descending channel, breaking upwards to signal a positive trend. At present, if TRX successfully retests the key support at $0.10358 and maintains its momentum above this level, there’s a high probability of witnessing a bullish move.
💎 This bullish sentiment is further bolstered by TRX’s strong momentum above the EMA. With sustained upward momentum, AMEX:TRX is likely to aim for the significant resistance at $0.10857.
💎 Additionally, keep an eye out for a possible bullish recovery from a slightly lower support level at $0.10244. However, a break below this level could signal potential difficulties in continuing the bullish trend.
💎 Equally important is being prepared for a shift in market dynamics. If #TRX dips below the $0.10244 support level, it could indicate a notable downward movement in the market. 🌴💰
SasanSeifi 💁♂TRX /USDT 4HHi there,
As you can see in the 4-hour timeframe, the price has had a nice run-up from the demand zone at 0.096, growing 17%. However, it has since been corrected back to the support zone. It's still in a range-bound pattern, but there are a couple of possible scenarios that we can consider.
One possibility is that the price will continue to be range-bound for a while longer. If it can maintain the support and resistance levels at 0.10300/0.10, it could then break out to the upside and reach the next resistance level at 0.10700. If it breaks through this level, it could then reach the next resistance level at 0.11000.
Another possibility is that the price will break down from the support level at 0.096. If this happens, it could then reach the next support level at 0.097.
🔵Remember, always conduct your own analysis and consider other factors before making any trading decisions. Good luck!"✌️
❎ (DYOR)...⚠️⚜️
Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help!
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Tron (TRX) completed setup for upto 16% pumpHi dear friends, hope you are well and welcome to the new trade setup of Tron (TRX) with BTC pair.
Previously we caught more than 10% pump of TRX as below:
Now on a daily time frame, TRX formed a bullish AB=CD move for the next pump.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.