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Trxbreakout

Tron (TRX) - we are waiting for a global growth wave to $0.09The week of trading on the TRON (TRX ) market ended with an unsuccessful attempt by sellers to continue the wave of decline without correction and gain a foothold below the liquid range of $0.059-0.062. Having used small volumes to continue falling, sellers were able to touch the $ 0.046 mark. However, the weekly candle closed at almost $0.065, creating a false breakout of the range of $0.059-0.062. This fact testifies to the local weakness of sellers below the range of $0.059-0.062. The first local pivot point for sellers to continue the downward trend is in the range of $ 0.067-0.068. On the daily timeframe, it is clearly seen that it was after the breakdown of this range downward that sellers were able to lower the Tron price by 30% in 2 days: In addition, a sharp counterattack of buyers, which also lasted 2 days, stopped exactly in the range of $0.067-0.068 . Therefore, in order to make a trading decision to buy, it is necessary to wait for either a breakout of the range of $0.067-0.068 upwards and expect a retest of this liquid zone from above, or wait for a local price decline to $0.059-0.062 and buy in this range. Why is there a high likelihood of a new wave of decline in the TRON (TRX) market in a local perspective? Firstly, do not forget that although the wave of decline in the TRON market, which began in May, has slowed down, a clear falling TRX price channel is visible on the chart. Secondly, the daily chart shows that on June 23-24, buyers were much more aggressive than in the last 4 days. This is evidenced by the aggressiveness of candlesticks and volumes. Third, on the TRXBTC chart, we see a stable price movement in a falling channel and low trading volumes. This fact indicates that the situation on the TRON market has not changed yet. Buyers face another toughness test, during which they cannot be allowed the TRX price to renew the previous low. In this case, the main target of buyers is in the range of $0.09. However, if recently the price of TRXUSDT could do it in a few days - now it may take several months. A significant decrease in trading volumes and a negative situation in the crypto market have significantly reduced volatility and optimistic scenarios for updating historical highs of coins. This is our main scenario for now. However, if buyers cannot hold the range of $0.059-0.062, we will expect the continuation of a powerful wave of decline with the target of $0.037-0.039 P.S. - our previous TRX forecast worked out completely: ________________________________ We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements. Subscribe to us and get daily concise analytics!
by P_S_trade
34
TRON is looking for a breakout TRX/BTC chart looks bullish as it has made a new Higher High. 📍 The white descending trend-line is getting broken by the price. ✍🏼 We could set our buy limit on the pullback to its descending trendline or we could buy here just as the price is getting WILDER 🐃 ⚠️ The first resistance level where the red descending trend-line and the orange horizontal line meet each other so be safe and take profit there if you wish. ⚠️⚠️⚠️ Keep in mind that my analysis is just for sharing and do not make any sell or buy position based on my charts. 🧐 Ask me if you have any problem and/or question. HAVE A PROFITABLE LIFE 💰
Long
by C_EWAVE13
TRX- Diagonal patternInteresting ideas for joining NFT and getting into Defi, this news, in general, can be very useful for this network and Token. In the 5-day chart in TRX / BTC, the Diagonal pattern can be seen, which can indicate the termination of the downtrend and the formation of a very strong long-term uptrend, and reaching the initial targets of 1083 and then 3332. In the daily chart and against the dollar, we are in the 3rd wave, which by counting the wave, the price movement can be extended up to 34 cents. According to the wave balance line, we can have a target of at least 70 cents for this Token.
by NirmataFX
1
TRX/BTC to Long?Crypto pairs still yet to pop... channel formation looks near completed... Over the next years expect an estimated 10x plus on returns. This means Bitcoin will loose some strength to Tron in due time. So far BTC/USD has gained approximately 20x (near $66k) from its previous bear-trend low of near $3k. If market starts a new bear trend in the period this pair finds its breakout then there may be a correlation to this pair, this is a possibility I will be watching out for too. Trade/Invest at your own risk..
Long
by GrowthSpur
10
TRX with a potential pump of 1700% TRX btc pair is going for a mega breakout. It is going to breakout through a yearly downtrend and can easily do a 2x from here. UsD pair is also about to breakout and the BTC pair has bottomed out and sitting on strong support. Target price mentioned on chart. Always manage risk: Risk management helps cut down losses. It can also help protect traders' accounts from losing all of their money. The risk occurs when traders suffer losses. If the risk can be managed, traders can open themselves up to making money in the market.
Long
by Altcointd