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TRX

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.
AMEX:TRXLong
by DEXWireNews
$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
Long
by TradingOn
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. 🌴💰
Long
by MyCryptoParadise
2
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! if you found my analysis helpful, I would appreciate it if you could show your support by liking and commenting. Thank you!🙌
Long
by SasanSeifi
Tron, 5 days consolidationAMEX:TRX inside ascending triangle and already touch fibonacci support 0.10212 this coin already enter accumuation with 5 days and 12 hours consolidation, you can see I also draw bullish trendline, in the next hours (not more than 12 hour), this coin will rally to reach triangle resistance, maybe with little a pump, that indicate the consolidation time already over. The worst case is fibonacci support at 0.10212 break down, if this happen, I still have ascending triangle support trendline. My entry : .10310 current price .10212 fibonacci support .10018 Higher low Target : .11017 Ascending triangle resistance Risk every entry : .00100 Risk reward ratio : 6.54 Actual profit percentage : 654% Good luck, happy trading.
BINANCE:TRXUSD.PLong
by AzrulAzir
2
SUN/USDT 1D. Main trend. Secondary. Local. All main details.Coin Sun. This is an altcoin from the TRX ecosystem. Other coins in this ecosystem are: NFT, JST, BTTC(BTT), TRX. On the backstage of XRP rise(China money partly) TRX class of assets also look very interesting. In this idea i'll share my view on SUN from TRX group of assets. From the beginning of the trading history coin has been dumping, which is basic for almost every altcoin. After reaching certain prices trend reversed and broke the main downtrend. After that the retest followed and that was also the moment of the beginning of big diamond forming. I remind you that diamond is a reversal of the trend pattern, also consider the timeframe it's forming on(the bigger the TF the stronger the formation). This diamond is forming already for something about 400 days. Local and midterm trends are shown on the chart. Also consider the volume spring shown, which means that there's a potential for big impulse soon. Local targets and zones are shown on the chart. Capitalization of this coin is 55m$ as for the moment of writing. So there's quite a potential of 10x on the high of the trend. This will be 666 zone...
Long
by TradingTsar
2
Tron ($TRX) Exhibiting Strong Growth Potential TRX buyers have been quite active, causing the cryptocurrency to test the resistance zone of $0.110-$0.113 on three occasions since November 8, as it tries to break through this range and set a new yearly high. Currently, there's a noticeable reduction in TRX's volatility, making it likely to see short-term trading within a flat range, specifically between support levels of $0.100 and $0.106. The potential for the TRX growth still exists as long as BTC remains trading above the $31,000 threshold. A correction in TRX's trajectory is not expected to lead to significantly negative outcomes. If there is a decline, Tron might retest the support levels at $0.095-$0.097, $0.0935, and $0.0885-$0.0905. Given its robust upward trend, TRX is viewed as a viable addition to portfolios, particularly during periods of BTC correction.
Long
by DEXWireNews
TRX/USDT Ready for an Explosive Journey? 👀🚀TRX Analysis💎Yello, Paradisers! brace yourselves for an exciting trading prospect with TRXUSDT. Currently, the asset is displaying substantial activity in the demand zone, hinting at a likely upward trend shift. 💎Tron has been consistently adhering to a trading channel pattern. Its breakout above this channel recently indicates a potential ascent towards a resistance level, followed by an expected quick retraction, consistent with its typical trading behavior. 💎There's a notable probability of a bullish movement commencing from the support level around $0.098. With TRX having successfully emerged from the trading channel upwards, it's now eyeing resistance levels near $0.12. 💎Effective timing is crucial for savvy Paradisers. It's important to identify the optimal entry points during this upward movement, and it's advisable to be cautious about entering at the peak of the trend. 💎Exercise caution, as there's a possibility of TRX dropping below the support level of $0.094. A fall beneath this crucial mark could lead to questions regarding the continuation of the upward trend.
Long
by MyCryptoParadise_Simon
2
TRX Ready for Parabolic Bullish Cycle ⬆BINANCE:TRXUSDT Hi Traders, Investors and Speculators of the Charts 📈📉 Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. After finally breaking out of triangular consolidation, TRON has confirmed a reversal after the bearish market and is starting a new bullish cycle. From the left we analyze the trend lines to get targets for the next bullrun and on the right we take a quick look at technical indicator CryptoCheck START V3.5 to confirm the bullish bias. INCASE YOU MISSED IT : 👉 Another altcoin recently formed a bullish pattern: _______________________ 📢 Show us some LOVE 🧡 Follow for daily updates and trade ideas on Crypto , Stocks , Forex and Commodities 💎 We thank you for your support ! CryptoCheck
Long
by CryptoCheck-
38
TRX Looks BeautifulMartyBoots here. I have been trading for 16 years and I am here to share my ideas with you to help the Crypto space. TRX looks beautiful and will continue to moon. This pattern is know as a pressure cooker and is very powerful. This chart helps show you ALT Season is about to start. The ALT Market is in its bottoming phase, be prepared. ALT Season is coming. This is the time when its possible to make life changing money . Do NOT miss out on this coming bull market MartyBoots
INDEX:BTCUSDLong
by MartyBoots
One step forward and then correction📊 You can see the general analysis and trend of the Tron currency in the photo, this currency was analyzed before and we saw its growth exactly from the bottom of the specified channel. 🕰 Time 4 hours: 📊 With the failure of Medline, we see a good growth of this currency. ⚠️ But this growth indicates a correction! This correction may continue until the midline of the channel, which is 3% lower at the price of 0.08014. But considering its growth up to the green range, which is the beginning of the resistance range, it may grow ♨️ The strength is growing and it is possible that it will grow up to the ceiling of the channel, i.e. the price of 0.08500, and then we will witness the fall of this currency to the said support.
Long
by karaco2022
2