Trxforecast
TRX to $0.12? Prepare for a Long!TRX continues to march into its current bull channel, pressing on for higher prices. The price just touched the channel resistance and is pulling back, but to what price? We have the previous high in the channel at $0.095 then the 30EMA and bull channel support around $0.09.
How do we trade this?
We're in a bull channel, which means our probability of profit is higher if we long. If you longed at the channel support every time the price made contact, you would make money. Let the trend do the talking and follow it. We should be looking for entries near two key support levels: the 30EMA and bull channel support, which is around $0.09.
Do we simply long when that price is hit? Absolutely not. Wait for a strong bull signal bar closing on or near its high at those levels, confirming that the support is still being respected. Once you see that bounce, it's reasonable to enter a long, place a protective stop just below the channel support, and set your take profit somewhere in the top 20% of the channel as shown in my analysis. This gives you a 1:3 Risk/Reward ratio, meaning you could run this trade 10 times, hit your take profit 30% of the time, and still be profitable.
Bitcoin is also at risk of pulling back since it's near Weekly resistance; see my recent analysis for reference. TRX RSI is also around 70.00 which is a weak indicator on its own, but supports the previous data points mentioned here.
Key Points
1. Bull Channel. Look for Long Entries.
2. Channel Resistance Touched. Pullback in Progress.
3. Bitcoin Leading Indicator, Risk of Pullback.
4. RSI near 70.00, Plenty of Room to Fall.
5. Look for Bull Signal at Weekly 30EMA.
You are solely responsible for your trades, trade at your own risk!
Let us know what you think in the comment section below!
Trx set to make quick recovery from break to the downside.Back in October 20th I mentioned Tron had a chance to breakout to the downside and if so it will make a quick recovery back to the upside. So far we've had this temporary setback as foretold, and therefore we expect a quick recovery from here on. So far looking promising 👌 😀
Confidence growth of the Tron in a falling marketTwo weeks ago, we were doing a global idea for a couple of TRXUSDT
During this time, the condition was met that buyers did not allow the Tron price to fall below $0.06, which showed their strength.
But even greater enthusiasm has been shown in recent days, when the whole crypto market is falling and the price of TRXUSD is rising.
A positive signal can be considered the fact that growth is booming at higher volumes, interest in the coin is impressive.
The critical level near which will be the struggle between buyers and sellers is in area $1.
Fixing the price of TRXUSDT above the black trend line will pave the way for growth on the white route.
We also traditionally offer you a medium-term trade:
Entry: $0,085
Stop: $0,798
TP-1: $0,112
TP-2: $0,134
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Since 2016 , we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
TRXUSDT 1D When the Tron price correction ends ?Today we will consider a pair of TRXUSDT on the global chart.
From March 2020 to April 2021 there was a strong and confident growth, which can be marked by the first wave of growth.
From April 2021 to the present, the second wave of correction continues, which in our opinion may have 3 options for completion, which will be discussed below:
1. The correction at the final stage and yesterday's aggressive buyout of buyers shows that they are set to start a wave of growth, even despite the correction in the price of BTCUSDT
In this case, $0.06 per TRX is a critical level below which the price can not fall.
2. This option is to fix the price of TRXUSD below $0.06 and start the final wave down. The upper limit of the liquidity zone can be attracted the fall to level $0.035
3. This is the most pessimistic option and a strong fall on the crypto market. In this case, it will be possible to focus on the lower limit of the liquidity zone - the level of $0.024 for Tron
We are trading probabilities and do not know which option will work exactly. However, the painted and painted action plan is already half the work, now the main thing is to orientate in time and make the right trade decision in the future.
_______________________________
Since 2016, we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
TRX/USDT 1DAY UPDATE BY CRYPTOSANDERSWelcome to this quick
TRX/USDT analysis update
I have tried my best to bring the best possible outcome in this chart.
Reason of trade:-TRX/USDT is triangle pattern create and buy the dip green zone and long term hold
Entry:- CMP And buy the dip in the green zone
Target:- 275%
Stop loss:- 0.035
Remember:-This is not a piece of financial advice. All investment made by me is under my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Happy trading.
Sorry for my English it is not my native language.
Do hit the like button if you like it and share your charts in the comments section.
Thank you...
TRX 1D Draws "Head and Shoulders" and down?Let's take a look at the global picture of TRXUSDT
It can be seen from the graph that from September 2020 to February 2021 TRX was actively purchased in the range of $0.025-0.035.
And then, after such a consolidation, a logical shot up. The market managed to raise the value of TRXUSD by 500% - whether it is a lot or a little for TRX investors we don't know, we are simply stating a fact.
During the last month, the price of TRXUSDT has been drawing a pattern similar to H&S. Falling volumes during the last trading month strengthens the possibility of working out this pattern.
What we can expect from the Tron price in the future?:
1) The critical level from above $0.155, if it cannot be broken upwards, then a strong fall in the TRXUSD price cannot be avoided.
2) The base of the theoretical H&S is in the area of $0.10 and if the price pierces it down , then the first liquidy zone that will meet a fall will be $0.05-0.06
3) Most likely in the zone of $0.05-0.06 there will be a consolidation, where it will be decided: the price of TRXUSDT will rise again to $0.10 or fall even lower to $0.025
_______________________________
Since 2016, we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer - help us to be happier :)
TRX (Tron) Breakout Soon..!!#TRXBTC (Binance)
Looking Stable & Bullish On This Support..
So Keep An EYE On It.
Buying Zone Above Support Zone..
Sell Target For Midterm Is 740 Sats
Stop Loss Below Support AREA..
Introduction...!!
TRON (TRX) strives to build the future of a truly decentralized internet and global free content entertainment system that utilizes blockchain technology. The TRON Protocol represents the architecture of an operating system based on the blockchain which could enable developers to create smart contracts and decentralized applications, freely publish, own, and store data and other content. According to the TRON Foundation, the ecosystem surrounding this network specializes in offering massive scalability and consistent reliability capable of processing transactions at a high rate via high-throughput computing.
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TRX/USD Forecast 08.03.18Dear Traders,
Let´s talk about TRON.
You and I are aware that TRON´s CEO had made a lot of post on twitter about great news coming, that´s what made TRON´s price go up that much back in the beginning of January. And what happened after ? A huge dip because nothing happened.
A lot of trader a stuck with huge bags of TRON hopping that it might go up again one day, well im in the same spot as you are, and the only thing we can do is HOLD and see what TRON has planned for the future.
I do have good news, TRON´s EXODUS plans are out and he has set a release date ! 31.04.18 it is ! This date will be important for TRON´s future, the price will go up but a lot of whales will drop their bags so we might won´t see any new All Time High, but we will still see a surge in TRON´s Price and exposure in the Crypto World.
As you can see above, I´ve drawn a Triangle which contains TRON´s future. Like always, if this triangle is crossed upwards, we will see a bullish trend. I do hope we will achieve this upwards crossing before the release of EXODUS, because we will have a bigger chance to go even higher.
On the other side, there is a possibility that the triangle will not cross upwards but downwards, which we, bag holders, don´t want of course...
Let´s keep an eye on this Technical Analysis, and see what will happen until the 31st of March !
Feel free to like, comment and follow me and my work if you find this helpful !
Raw_Blitz out.