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Tron

TRXUSD ❕ purchases from TRON DAO & Justin SunThe fall of the Tron was amplified by the unpeg USDD situation. TRON DAO reported new purchases of TRX and BTC. Justin Sun said he has $2 billion to fight negative rates on TRX futures. This amount is almost equal to the coin's daily trading volume. The TRX continues to hold the global upside structure. The price is in the liquidity zone near the lower boundary of the uptrend channel. I think we will be able to pick up some movement here after the retest of the lower channel boundary and fixation above it.
BINANCE:TRXUSDLong
by Solldy
10
TRON (TRX) - June 8hello? Traders, welcome. If you "follow", you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (TRXUSDT 1W Chart) From a mid- to long-term perspective, if the price holds above 0.07192, we expect the uptrend to continue. However, the key issue is whether it is supported by rising above 0.08631, the primary resistance section. (1D chart) If it finds support and rises in the 0.08223-0.08631 section, it is expected to surge. So, the key is whether it can move higher than 0.08631. (buy) - After confirming the support in the section 0.08223-0.08631 (Stop Loss) - When resistance is received by falling in the range of 0.07451 - 0.07679 - When it falls below 0.07070 (Sell) - When receiving resistance in the range 0.11228-0.12526 ------------------------------------------------------------ ----------------------------------------------------- ** All indicators are lagging indicators. Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume. However, for convenience, we are talking in reverse for the interpretation of the indicator. ** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet. ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.) ** Support or resistance is based on the closing price of the 1D chart. ** All descriptions are for reference only and do not guarantee a profit or loss in investment. (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.) ---------------------------------
by readCrypto
TRX gonna be 0.065 $ again ?hello I wish you have a wonderful day. ..... TRX was one of the best cryptos in 2022 in my opinion. it managed to recover itself from 0.06 $ to almost 0.09 $. I think the price will test the up trendline 1 more time because if you look at the TRX/BTC chart it reached the resistance and got rejected for now. if it manages to break the resistance on the BTC pair, it's possible to break up in the USDT pair as well. in that case first resistance level would be 0.12$ ..... not financial advice! please, share your ideas with me I would like to see what do you think about any cryptocurrency <3 have a great day.
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by coocoolikoo
2
TRX/USDT : Waiting for clear trend validation (Triangle Pattern)---- Mid-term Analysis for the next coming 4 weeks to 3 months - Daily Chart Basis ------- TRX/USDT : Waiting for clear trend validation (Triangle Pattern) Context The TRON chain and its native token TRX have managed to outperform the major cryptocurrencies amid the recent market crash. The successful performance of TRON’s stable coin USDD has made a major impact on the surge of Tron’s total value locked (TVL). However looking at the technical elements, TRON is shaping a consolidation in triangle pattern which can triggered either a bullish or Bearish exit. A clear directional signal will be provide by surpassing or penetrating the Tactical Neutral levels. Market configuration - Graphical Elements : Graphical support = 0,052 & 0,011 - Mathematical Indicators: EMA ( Exp Moving averages) are supporting the market - however globally flat following the triangle wave = Neutral RSI indicator (below) is at 50% = Neutral - Elliot & Harmonic Wave (Fibonacci): (i) Intermediate consolidation in 'Triangle' (a) (b) (c) (d) (e) (X) is in progress (Blue line) Fibonacci resistance in the current wave (d) = 0,1040 Fibonacci support of the wave (e) (X) = 0,0520 Fibonacci Bullish Target = 0,2610 (ii) Consolidation in classic downside range (Flag) - (X) Fibonacci bearish Target = 0,02390 Conclusion At this stage to early to give a directional picture on TRON on the mid-run, even if at this stage there is a slightly preference for a bullish exit, the global crypto situation is tricky and the last recovery on TRX is coming from the launch of a new Stable coin. It would be more secure to wait a clear directional validation before taking position. Neutral case (i) => Holding above 0,0520 and bypassing 0,1040, a triangle bullish exit will open 0,2610 Neutral case (ii) => Holding below 0?1040 and penetrating 0,0520, a classic downside trend will open 0,02390
by JeanJean1983
TRXUSDT Testing the top of the 1 year Triangle. What's next?*** *** For this particular analysis on TRON we are using the TRXUSDT symbol on the Phemex exchange. *** *** The idea is on the 1D time-frame where Tron has been trading within a Triangle pattern since its April 17 2021 market Top. Since then we've had two Higher Lows and another Lower High. At the moment the price is the closest it has been to a new Lower High. If broken it will be a major bullish break-out for the coin and should target the 0.1300 Resistance of the November 15 2021 Lower High. There is another interesting pattern involved as well. The 1D RSI sequence resembles the Lower Highs/ Higher Lows pattern of the previous mid - late 2021 rally of July - November. If the price breaks the RSI Lower Highs the move this time may be outside the blue box as the current price action is far more aggressive than that of October - November 2021. That may very well deliver the 0.13000 Resistance test. If however it gets rejected on the Lower Highs, we expect a pull-back to the 1D MA50 (blue trend-line) and then a test of the top of the blue box. Notice that a 1D Golden Cross has just been formed (1D MA50 crossing above the 1D MA200) and that the 1W MA50 (red trend-line) has been acting as a Support in the past week. -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
by TradingShot
5
Tron (TRX) seems needs to complete its correction phase.Hello ladies and lads, hope you are well. Tron apparently is at the end of D wave of ABCDE corrective structure. We should be cautious if we have long positions on this particular coin. On the other side, this could be wrong if we break through the trendline that is ahead of the price. In that case, the price should breakthrough C's Top to invalidate ABCDE corrective structure. Stay agile on days ahead. Ask any question at comment section, and feel free to send me message. Cheers!
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by HunkIsHere